Southeast

Penzance Receives $100M Construction Loan for Northern Viriginia Data Center

by Abby Cox October 13, 2025

CHANTILLY, VA. — Penzance has received a $100 million construction loan for the development of Chantilly Premier, a 241,000-square-foot data center in Chantilly, roughly 34 miles west of Washington, D.C. Marshall Scallan, Michael Zelin and Bindi Shah of Cushman & Wakefield arranged the loan through QuadReal Property Group on behalf Penzance. Penzance recently broke ground on the fully preleased center, which is situated on 12 acres of a 79-acre site, located adjacent to the Chantilly Auto Park, according to the Washington Business Journal. An affiliate of Penzance originally acquired the vacant parcel in August 2022. Chantilly Premier is slated for completion by mid-2027.

October 13, 2025

Florida Industrial Loans Southeast

JLL Secures $30M Refinancing for Palmetto Industrial Park in Miami

by Abby Cox October 13, 2025

MIAMI — JLL Capital Markets has secured $30 million in refinancing for Palmetto Industrial Park, a six-building, shallow-bay portfolio located at 6801-7500 N.W. 77th Ave. in Miami. Melissa Rose, Jovi Rodriguez and Duncan Miller of JLL arranged the three-year, fixed-rate loan through an unnamed bank on behalf of the borrower, a joint venture between East Capital Partners and ABR. Constructed between 1981 and 1982, Palmetto Industrial Park totals 183,945 square feet and features 18-foot clear heights, 12 dock-high doors, 101 grade-level doors and 275 parking spaces. The facility, which was 94.9 percent leased at the time of loan closing, includes a mix of 143 tenants such as auto repair shops, custom carpentry operations, marble and stone services, logistics companies, medical centers, insurance agencies and specialized manufacturing facilities.

October 13, 2025

Hospitality Loans Southeast Virginia

MMCC Arranges $9M Refinancing for 354-Room Hotel in Norfolk, Virginia

by Abby Cox October 13, 2025

NORFOLK, VA. — Marcus & Millichap Capital Corp. (MMCC) has arranged $9 million in refinancing for Wyndham Garden Norfolk Downtown, a 354-room hotel located near Norfolk International Airport. Robert Bhat of MMCC’s Miami office secured the loan with a global investment bank on behalf of the borrower, an unnamed private client. The five-year, non-recourse loan includes a 7 percent interest rate and was structured with an interest-only term. Wyndham Garden Norfolk Downtown features amenities such as a seasonal swimming pool, fitness center, guest laundry facilities, an ATM, bar and business center.

October 13, 2025

Development Hospitality Southeast Tennessee Top Stories

Oracle Partners With Nobu Hospitality on $1.2B Nashville Headquarters Campus

by Taylor Williams October 13, 2025

NASHVILLE, TENN. — Oracle Corp. (NYSE: ORCL) has partnered with Nobu Hospitality, a Miami Beach, Fla.-based operator whose concept is rooted in Japanese culture, for a new hotel and restaurant on its new corporate headquarters campus in Nashville. According to local media outlet The Tennessean, Oracle’s Nashville project is valued at roughly $1.2 billion. Designed in collaboration with architecture firm Foster + Partners, the new hotel will feature 120 rooms and suites. Guests will have access to a Nobu restaurant on the lobby level, as well as flexible meeting and event spaces for both intimate gatherings and larger occasions. The hotel will also offer a lobby café, fitness center and spa facilities and a rooftop infinity rooftop pool with curated food-and-beverage service. “We’re excited to bring the Nobu lifestyle to Nashville’s East Bank, a vibrant district ready for growth,” says Trevor Horwell, CEO of Nobu Hospitality. “After much anticipation and requests from our loyal Nobu customers, partnering with Oracle is a perfect match. Nashville’s rich culture and culinary scene make it an ideal home for Nobu, and we can’t wait to create a destination that embodies the city’s spirit and our unique experience.” Oracle, an IT company known for its …

October 13, 2025

Industrial Kentucky Market Reports Southeast Southeast Market Reports

Louisville’s Industrial Market: Steady, Sturdy and Poised for Growth

by John Nelson October 13, 2025

Louisville’s industrial market stands out as a steady force, resisting the fluctuations often seen in surrounding Midwest cities such as Cincinnati, Columbus and St. Louis. Midyear figures show Louisville’s year-over-year rent growth exceeding the national percentage and its vacancy rate 340 basis points below the national rate, both signs of a healthy market. Additionally, Louisville’s recognition in national trade publications and recent announcements of General Electric/Haier and Ford’s electric vehicle (EV) investment at its Louisville Assembly Plant suggests positive future job growth. A sturdy foundation Louisville’s centralized location has helped secure its place as a major logistical powerhouse and develop relationships with major industrial business players such as UPS, Ford and General Electric. UPS announced its first expansion into Louisville in 1981 and has continued to grow its operations since, including the recently opened $100 million automated medical labs shipping facility. Ford also continues to invest in Louisville, recently leasing a 567,433-square-foot facility in Southern Indiana and a 426,300-square-foot facility in Louisville’s Bullitt County submarket just south of Louisville Muhammad Ali International Airport. Additionally, General Electric/Haier will move washer/dryer manufacturing processes to Louisville, creating 800 new jobs and confirming Haier’s Louisville manufacturing operations as its global hub. A resilient market …

October 13, 2025

Development Multifamily & Affordable Housing Feature Archive North Carolina Southeast

ZOM, AEW Capital Deliver 248-Unit Apartment Community in Durham

by Abby Cox October 10, 2025

DURHAM, N.C. — ZOM Living, in partnership with AEW Capital Management, has delivered Maizon Durham, a 248-unit luxury apartment community located at 500 E. Main St. near the historic American Tobacco Campus in Durham. The project team included architecture firm Hord Coplan Macht and interior designer One Line Design. Maizon Durham offers one-, two- and three-bedroom floorplans ranging in size from 558 to 1,450 square feet. Amenities include a swimming pool with a sundeck and lounge seating and a fitness center with a dedicated recovery room and spin studio. Additional community spaces include a pet spa, coworking areas, conference rooms, private offices, quiet zones, a resident café and a 24-hour marketplace, as well as 13,000 square feet of street-level retail space.

October 10, 2025

Florida Loans Retail Southeast

JLL Arranges $57.5M Financing for Two Publix-Anchored Shopping Centers in South Florida

by Abby Cox October 10, 2025

MIAMI GARDENS AND TAMARAC, FLA. — JLL Capital Markets has arranged a combined $57.5 million in financing for two Publix-anchored shopping centers in South Florida. Matt Casey, Paul Adams, Hunter Rich and Aaliyah St. Louis of JLL’s Debt Advisory team arranged the loans through Synovus Bank on behalf of the borrower, Atlanta-based Jamestown. The first property, Country Club Plaza in Miami Gardens, totals 100,893 square feet and is leased to tenants including CVS and Panera Bread. Cypress Commons in Tamarac — formerly known as Tamarac Town Square — is the second property, which totals 135,128 square feet and is leased to tenants including Humana and Retro Fitness. Jamestown’s current portfolio of grocery-anchored shopping centers includes eight properties across Georgia and Florida, totaling approximately 1.2 million square feet.

October 10, 2025

Acquisitions Florida Industrial Southeast

Keyes Co. Brokers $26.8M Sale of Industrial Complex in Miami

by Abby Cox October 10, 2025

MIAMI — The Keyes Co. has brokered the $26.8 million sale of Milam Dairy Commerce Center I & II, a two-property industrial complex located in Miami. Milam Dairy Commerce Center I & II, which is situated at 6700 N.W. 72nd Ave. and 7205 N.W. 68th St., totals approximately 110,000 square feet across seven buildings. Tony Ulloa and Marcos Macias of Keyes Co. brokered the off-market transaction on behalf of the undisclosed buyer. The duo also represented the sellers, which were three separate family groups, according to Keyes Co.

October 10, 2025

Acquisitions Louisiana Southeast Student Housing

Monument Square, JDI Realty Acquire 532-Bed Student Housing Community Near Louisiana State University

by Abby Cox October 10, 2025

BATON ROUGE, LA. — A joint venture between Monument Square Investment Group and JDI Realty has acquired Maison Burbank, a 532-bed student housing community located near the Louisiana State University (LSU) campus in Baton Rouge. The garden-style property was developed in 1996 and renovated in 2017. The joint venture plans to begin capital improvements to the property immediately, including new roofing and performing the postponed maintenance and repair work for the drive aisles and parking lots. The community offers 134 units in two- and four-bedroom floorplans. Amenities include a resort-style swimming pool, picnic and grilling area, sand volleyball court, 24-hour fitness center, coffee bar and a dog park. The property was 98.5 percent leased at the time of sale. The seller and terms of the transaction were not released.

October 10, 2025

Leasing Activity North Carolina Office Southeast

CoCoTiv Coworking Signs 25,244 SF Office Lease at Whitehall Corporate Center in Charlotte

by Abby Cox October 10, 2025

CHARLOTTE, N.C. — CoCoTiv Coworking, a French-American cooperative workspace provider, has signed a 25,244-square-foot lease at Whitehall Corporate Center IV in Charlotte. Christianna Williams and Zach McLaren of Cresa represented CoCoTiv in the lease negotiations. This lease marks CoCoTiv’s second location in the Charlotte market. Built in 2007, Whitehall Corporate Center IV, a 210,000-square-foot office building owned by American Asset Corp., is situated within the 700-acre master-planned community of Whitehall. Whitehall Corporate Center features six office buildings, along with a technology park, corporate center, retail district, various residential communities and a nature preserve.

October 10, 2025

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