Southeast

MORRISVILLE, N.C. — Liquidia Corp., a publicly traded biopharmaceutical firm specializing in therapies for those suffering from rare cardiopulmonary diseases, has signed an approximately 70,000-square-foot lease in North Carolina’s Research Triangle region. The company will occupy space at Building 1 at Pathway Triangle, a 1 million-square-foot life sciences development located at 1000 Science Drive in Morrisville, less than three miles from Raleigh-Durham International Airport and 11 miles northwest of North Carolina State University. King Street Properties, the landlord and developer of Pathway Triangle, recently broke ground on an amenity center on the campus called The Junction, which will feature meeting rooms, conference space, a fitness center and dining options. Liquidia Corp. recently received FDA approval for YUTREPIA, the company’s trademarked treprostinil inhalation powder. The locally based firm will begin operating at Pathway Triangle in 2026.

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KNOXVILLE, TENN. — Cronheim Hotel Capital has secured $39 million in construction financing for AC Hotel Knoxville Downtown, a 161-room AC by Marriott-branded hotel that will be located at 427 Walnut St. and 416 Locust St. in downtown Knoxville. The non-recourse financing was structured with a 75 percent loan-to-cost (LTC) ratio and features a C-PACE component. The borrower, Vector Hospitality Inc., plans to deliver the seven-story hotel in winter 2026. The property will feature a rooftop bar and kitchen that will offer views of Neyland Stadium, home of the University of Tennessee Volunteers’ football team.

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KNOXVILLE, TENN. — Gorney Realty Co. LLC, a family-owned office and industrial investor based in Nashville, has purchased Cedar Ridge at Cedar Bluff, a 90,000-square-foot office building located at 480 N. Cedar Bluff Road in Knoxville. The seller and sales price were not disclosed. The five-story property was 93 percent leased at the time of sale to approximately 30 tenants, some of which have been occupants for nearly 20 years. Gorney Realty plans to upgrade Cedar Ridge at Cedar Bluff’s common areas, including the building’s lobby and restrooms.

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FAYETTEVILLE, GA. — Trilith Development plans to soon complete Trilith Live, a 530,000-square-foot live entertainment complex at the Town at Trilith, a 235-acre master-planned community in Fayetteville within south metro Atlanta. Designed to host concerts, performing arts, rehearsals, live audience productions, conventions, corporate events and banquets, Trilith Live is scheduled to open to the public by the end of the year. The project will include a 2,200-seat theater, two 25,000-square-foot sound stages (now open), multiple insert stages, a luxury cinema, production suites, meeting rooms and more than 120,000 square feet of creative office and support space. “Trilith Live is designed to serve as a hub for creativity, production and live entertainment,” says Matt McClain, general manager and executive director of Trilith Live. “We are building the infrastructure to support everything from concerts to live TV tapings to conventions and meetings to community and arts events, all in one place.” Phase I, which includes live sound stages, production offices, greenrooms and broadcast-ready facilities, is complete and actively hosting artists, production companies and content creators. Several national acts preparing for their summer tours have completed pre-tour concert rehearsals at Trilith Live. Additionally, more than 200 live audience game show episodes that will …

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CHICAGO — Chicago-based Slate Asset Management has agreed to acquire a six-property multifamily portfolio in the Sun Belt region for $226.5 million. The seller is ZMR Capital, a value-add multifamily investment firm based in Tampa. The garden-style properties total approximately 1,600 units and are located in the metropolitan areas of Tampa, Atlanta and Phoenix. The names of the properties were not released. King & Spalding advised Slate on this transaction, which is expected to close at the end of July.

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CHARLOTTE, N.C. — ATCO Properties & Management has obtained a $66 million loan for the refinancing of Kinship, a newly built, 301-unit apartment community in Charlotte. The property is the first multifamily component to come on line at Camp North End, a 76-acre adaptive reuse development on the north end of Charlotte. Mark Gallinaro of WelcomeLend arranged the three-year bridge loan from Benefit Street Partners. Kinship was 35 percent occupied at the time of the loan closing. The property features studio, one- and two-bedroom apartments with some live-work floorplans and fully furnished corporate housing options. Amenities include work-from-home office spaces, an outdoor pool and lounge area, gas grills and fire pits, fitness center, communal kitchen, conference room, bike storage, rideshare spots, a parking garage and a shared rooftop space. Greystar operates Kinship on behalf of ATCO.

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ALBERTVILLE, ALA. — Willow Capital Partners has landed anchor tenants to join Sand Mountain Marketplace, a 250,000-square-foot shopping center under construction at 10722 U.S. Route 431 in Albertville, about 47 miles south of Huntsville. The 30-acre property will be anchored by the first ground-up Target in Alabama since 2007, according to JLL’s Hugo Isom, who is handling the leasing assignment at Sand Mountain Marketplace with colleague Clint Isom. Other tenants that have signed on at the center include Academy Sports + Outdoors, Burlington and HomeGoods. There is 20,000 square feet of inline shop space available for lease, as well as three outparcels. Willow Capital Partners plans to deliver the development in spring 2027.

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CARY, N.C. — Engineering and consulting firm Kimley-Horn has signed a nearly 40,000-square-foot lease at Weston I, a 212,000-square-foot office building located at 1001 Winstead Drive in Cary, a suburb of Raleigh. Tucker Shade and Ben Onderdonk of Savills represented the tenant in the lease negotiations. Brian Carr and Brad Corsmeier of CBRE represented the landlord, Accesso. Weston I is situated within the Weston Parkway master-planned business park and recently underwent a $6.5 million capital improvement program, including a new outdoor patio, tenant lounge and fitness center. Other renovations include overhauls to commons areas and the lobby.

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BALTIMORE — CBRE has signed a 16,000-square-foot lease at 1001 Fleet St., a Class A office building in Baltimore’s Harbor East district. Delivered in 2000, the nine-story office building is owned by Harbor East Management Group. CBRE is relocating its Baltimore office from 100 E. Pratt St. to the eighth floor of 1001 Fleet, with occupancy to occur in January. David Fields, Jonathan Hall and Jordana Pollack represented CBRE in the lease negotiations on an internal basis. The new CBRE office is part of the commercial real estate services firm’s Workplace360 program, which has 100 locations nationwide.

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SUWANEE, GA. — Illinois-based Sherman Residential has acquired Skye Suwanee Town Center, a 233-unit apartment community in the northeast Atlanta suburb of Suwanee in Gwinnett County. The seller and sales price were not disclosed. Built in 2020, Skye Suwanee Town Center offers studio, one-, two- and three-bedroom apartments. Amenities include a 24/7 wine cellar, two-story fitness center and a rooftop terrace with a retrofitted Airstream lounge. The property also features retail space on the ground level leased to Thrive Coworking and Warm Waves, a coffee shop. Skye Suwanee Town Center is located at 500 Buford Highway, about one north of the city’s town square and about a quarter-mile south of Suwanee Town Center, a mixed-use district anchored by the 10-acre Town Center Park.

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