Southeast

Portman, National Real Estate Advisors Complete Construction of 24-Story Apartment Tower in Charlotte

by John Nelson April 11, 2025

CHARLOTTE, N.C. — Portman and National Real Estate Advisors have completed construction of Linea, a 24-story apartment tower located in Charlotte’s South End neighborhood. Situated at 2161 Hawkins St. fronting the city’s Rail Trail, the high-rise features 370 luxury units and 18,000 square feet of ground-floor retail space. Ranging from 522 to 1,723 square feet in size, apartments at Linea include studio, one-, two- and three-bedroom floorplans, as well as 13 penthouses. Amenities at the property include 24/7 concierge services like in-home/package delivery, in-home grocery and dry-cleaning delivery and plant and cat care. The complex also includes a 23rd-floor community level featuring spaces such as the Overlook Lounge, Entertainment Hub, Billiard Parlor, The Sound Lounge and dining spaces, as well as a Skyline Athletic Club with a two-story rock-climbing wall, Echelon Mirrors, private fitness rooms and customizable wellness programs. Confirmed retail and restaurant tenants at Linea include Half Shell, True Food Kitchen, Peachy Salon and Night Swim Coffee, with Night Swim Coffee slated to open this spring. Additional retailers will be announced in the coming weeks. Foundry Commercial is handling Linea’s retail leasing assignment on behalf of ownership. Atlanta-based Portman and Washington, D.C.-based National Real Estate Advisors are the co-developers …

April 11, 2025

Development Florida Multifamily Southeast

Thompson Thrift Opens 300-Unit Multifamily Community Near Orlando

by John Nelson April 11, 2025

LADY LAKE, FLORIDA — Thompson Thrift has recently hosted a ribbon cutting ceremony for Standard441, a new 300-unit multifamily community in the Orlando suburb of Lady Lake. Standard441 is located off Highway 441 on the northeast side of the larger The Villages master-planned community, across the street from the UF Health Spanish Plaines Hospital. The three-story complex offers one-, two- and three-bedroom floorplans ranging in size from 689 square feet to 1,369 square feet, according to Apartments.com. Private yards, upgraded unit options, detached garages and Alexa-compatible smart home packages are also available to residents. Amenities at the property include a fully equipped, 24-hour fitness center, resort-style heated swimming pool, outdoor spa, outdoor swimming pool pavilion with a fireplace and grills, pickleball court, putting green and cornhole area, dog park and a pet spa. The complex also offers a 24-hour social hub, work-from-home focus suites and electric vehicle charging stations. Rental rates for the property start at $1,360. Thompson Thrift began welcoming residents at Standard441 during winter 2024, with completion slated for the end of the summer.

April 11, 2025

Development Florida Industrial Loans Southeast

JLL Arranges $25.8M Construction Financing for Speculative Industrial Project in Metro Tampa

by John Nelson April 11, 2025

SAN ANTONIO, FLA. — JLL Capital Markets has arranged $25.8 million in construction financing for Phase I of Park 52 Logistics North, a 299,030-square-foot speculative industrial project in the metro Tampa . Melissa Rose, Michael DiCosimo, Justin Ratcliffe and Nicole Barba of JLL arranged the three-year, floating-rate construction loan on behalf of the borrower, McCraney Property Co. Scheduled for completion in November, the 78-acre project will comprise three rear-load buildings ranging from 80,745 square feet to 130,865 square feet. Additionally, each building will feature four drive-in doors and car parking spaces and 24- to 30-foot clear heights, as well as suite sizes that can accommodate up to 46,000 square feet. Located with direct frontage along State Road 52 in San Antonio, Park 52 Logistics North is adjacent to the 965-acre Double Branch master-planned mixed-use community, which is expected to generate $600 million in economic impact, according to JLL.

April 11, 2025

Acquisitions Industrial North Carolina Southeast

Cushman & Wakefield Brokers $17.5M Sale of Industrial Portfolio in Laurel Hill, North Carolina

by John Nelson April 11, 2025

LAUREL HILL, N.C. — Cushman & Wakefield has brokered the $17.5 million sale of a two-property industrial portfolio in Laurel Hill. Situated at 18300 and 18400 Fieldcrest Road, the property is within 100 miles of the Port of Wilmington and is fully leased to High Life LLC, an apparel manufacturer based in New York City. The buildings total 203,196 square feet and 356,201 square feet, respectively. Parsons Commercial Group Inc. purchased the portfolio. Rob Cochran and Bill Harrison of Cushman & Wakefield represented the seller, a joint venture between Edgewater Ventures and Singerman Real Estate, in the transaction. Edgewater and Singerman originally acquired the properties in December 2021 for $11.5 million, a deal that Fermin Deoca and Matt Treble of Cushman & Wakefield brokered.

April 11, 2025

Development Leasing Activity Maryland Restaurant Retail Southeast

Greenberg Gibbons Opens 15,000 SF Retail Building at Reisterstown Shopping Center in Maryland

by John Nelson April 11, 2025

REISTERSTOWN, MD. — Greenberg Gibbons has opened a new retail building totaling 15,000 square feet at Reisterstown Shopping Center, a 167,212-square-foot shopping center located in the Baltimore suburb of Reisterstown. The retail building includes an 11,076-square-foot renovated Advance Auto Parts, which is now open. Two additional tenants at the building — Jersey Mike’s Subs and Quickway Japanese Hibachi — will open this fall. Existing tenants at Reisterstown Shopping Center include Lidl, Big Lots, Walgreens, Planet Fitness, Starbucks Coffee, Chick-fil-A, Bank of America, Wells Fargo and Dollar Tree. Since acquiring the property, Greenberg Gibbons has invested $30 million in upgrades and renovations.

April 11, 2025

Acquisitions Arkansas Development Southeast Student Housing

Endeavor Acquires Student Housing Development Site Near University of Arkansas

by John Nelson April 10, 2025

FAYETTEVILLE, ARK. — Endeavor Real Estate Group has acquired a development site near the University of Arkansas campus in Fayetteville for a new student housing development. Details on the project have not been announced. The Austin, Texas-based firm also recently hired Chuck Carroll as principal to assist with growing the company’s student housing platform. Carroll previously spent over 20 years with American Campus Communities. He will be joining Jake Newman, principal of Endeavor, who will be spearheading the firm’s new student housing division.

April 10, 2025

Acquisitions Georgia Industrial Loans Southeast

CBRE Secures $26.4M Acquisition Loan for Industrial Property in Tucker, Georgia

by John Nelson April 10, 2025

TUCKER, GA. — CBRE has secured a $26.4 million acquisition loan for Lavista Business Park, a 217,496-square-foot industrial property located on 11.8 acres at 2000-2068 Weems Road in Tucker, about 18 miles northeast of Atlanta. Irvine, Calif.-based CIP Real Estate purchased the park from Dallas-based ATCAP Partners for $37 million. Mike Ryan, Brian Linnihan, Richard Henry and Taylor Crowder of CBRE Capital Markets’ Debt & Structured Finance team in Atlanta secured the five-year, floating-rate loan through LoanCore Capital on behalf of CIP. Built in 1972, Lavista Business Park consists of four single-story, shallow-bay buildings that average 54,000 square feet in size and feature new roofing, 16- to 20-foot clear heights, 55 dock-high doors, one drive-in door and 209 parking spaces. The property was 92 percent leased at the time of sale to 15 tenants.

April 10, 2025

Acquisitions Georgia Multifamily Southeast

Matthews Brokers $21.6M Sale of Woodland Commons Apartments in Newnan, Georgia

by John Nelson April 10, 2025

NEWNAN, GA. — Matthews Real Estate Investment Services has brokered the $21.6 million sale of Woodland Commons, a 114-unit apartment community located at 22 Forest Circle in Newnan, about 36 miles southwest of Atlanta. Marietta, Ga.-based Arcan Capital purchased the property from TriWest Multifamily in a 1031 exchange and assumed an undisclosed amount of existing debt. The El Segundo, Calif.-based seller had owned the community, which was originally built in 2002, since 2022. Austin Graham of Matthews brokered the transaction. Woodland Commons features one-, two- and three-bedroom apartments ranging in size from 878 to 1,329 square feet, according to Apartments.com. Community amenities include a swimming pool, laundry facilities, a business center, fitness center, playground and a car wash area.

April 10, 2025

Acquisitions Florida Healthcare Southeast

Colliers Facilitates $9.7M Sale of Medical Office Building in Delray Beach, Florida

by John Nelson April 10, 2025

DELRAY BEACH, FLA. — Colliers has facilitated the $9.7 million sale of a medical office building located at 66446 W. Atlantic Ave. in Delray Beach, roughly 23 miles south of West Palm Beach. The 16,761-square-foot property, which was renovated in 2020, was fully leased at the time of sale and serves as a surgery center with two operating rooms and three treatment rooms. The facility’s first floor is leased to a multi-specialty physician group, Medical Specialists of the Palm Beaches, and the top two levels are leased to an ambulatory healthcare provider, Minimally Invasive SurgiCenter. Mark Rubin, Bastian Schauer and Gary Gottlieb of Colliers represented the undisclosed seller in the transaction. The buyer, Alliance Consolidated Group of Cos. LLC, was self-represented.

April 10, 2025

Acquisitions Florida Retail Southeast

Marcus & Millichap Arranges $8.2M Sale of Retail Center in Panama City, Florida

by John Nelson April 10, 2025

PANAMA CITY, FLA. — Marcus & Millichap has arranged the $8.2 million sale of Shops at Bay City Point, a 21,540-square-foot retail center located in Panama City. Zach Taylor, Robby Pfeiffer and Eric Abbott of Marcus & Millichap’s Atlanta office represented the seller, a Rome, Ga.-based developer. Brian Munn, also based in the Atlanta office, procured the buyer, a Georgia-based private investor. Ryan Nee is Marcus & Millichap’s broker of record in Florida. Built in 2023, Shops at Bay City Point is part of the larger 24-acre Bay City Point retail development. Tenants at the property — which was fully leased at the time of sale — include Xfinity, The Vitamin Shoppe, Smile Doctors Orthodontists and Chicken Salad Chick. The retail center is situated across from the former Panama City Mall, a 600,000-square-foot site currently undergoing a mixed-use redevelopment.

April 10, 2025

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