Wednesday, July 23, 2025
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Ponce City
DevelopmentGeorgiaHospitalityOfficeRetailSoutheast

Jamestown Begins Construction on Ponce City Market Expansion in Atlanta

by Julia Sanders

ATLANTA — Jamestown has begun construction on the expansion of Ponce City Market by more than 700,000 square feet in the adaptive reuse project’s next phase of development. The addition will include a four-story office building, 405-room hospitality building and a 163-unit multifamily property. The office and hospitality components are expected to open in 2024, and the multifamily component is slated for completion by the end of 2023. At the corner of Ponce de Leon Avenue and Glen Iris Drive, 619 Ponce will be an office building that will feature 90,000 square feet of office space and 23,000 square feet of ground-level retail space. Additionally, the 21-story hospitality building will be located at the corner of Glen Iris Drive and Glen Iris Way and will offer fully furnished units with flexible short-term and long-term stays, including by-the-night stays and one-year terms. The property will also include 12,000 square feet of retail space. Located directly adjacent to the Atlanta BeltLine at North Avenue, Signal House will be a 21-story, 163-unit multifamily building with 3,300 square feet of retail space. The property will be designed for active adults and the 55-plus community. The floorplans will range in size from one- to three-bedrooms. …

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DevelopmentIndustrialSouth CarolinaSoutheast

Red Rock Breaks Ground on 497,952 SF Industrial Facility in Gaston, South Carolina

by Julia Sanders

GASTON, S.C. — Columbia, S.C.-based Red Rock Developments has broken ground on a 497,952 square-foot facility in Gaston. Construction is slated for completion by the second quarter of 2023. The cross-dock property will be the first spec facility within Sandy Run Industrial Park, a 761-acre park that will ultimately span 5.9 million square feet, according to Red Rock. The first building will feature 36-foot clear heights and will be expandable to 663,836 square feet. Chuck Salley, Dave Matthews, Thomas Beard and John Peebles of Colliers will oversee leasing at the property. Located along Interstate 26, Sandy Run Industrial Park is situated near the Port of Charleston, an Amazon distribution center and Columbia Metropolitan Airport.

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Golds Gym Plaza
AcquisitionsRetailSoutheastVirginia

Cushman & Wakefield | Thalhimer Arranges $13M Sale of Gold’s Gym Plaza in Richmond

by Julia Sanders

RICHMOND, VA. — Cushman & Wakefield | Thalhimer’s Capital Markets Group has arranged the sale of Gold’s Gym Plaza in Richmond. An entity doing business as Seminole Trail Annex LLC acquired the property for $13 million. Catharine Spangler of Cushman & Wakefield | Thalhimer represented the sellers, West Tower LLC and SugarOak Investments, in the transaction. Located at 8900 West Broad St., the property spans 124,275 square feet across five buildings. The center is currently fully leased and co-anchored by Gold’s Gym and Regal Cinemas, which have occupied space at the property for 40 and 19 years, respectively. The 44,000-square-foot box anchored by Regal Cinemas and an adjacent parking lot are subject to a ground lease.

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Verona at Boynton Beach
AcquisitionsFloridaMultifamilySoutheast

Waterton Acquires 216-Unit Apartment Community in Boynton Beach, Florida

by Julia Sanders

BOYNTON BEACH, FLA. — Chicago-based Waterton has acquired Verona at Boynton Beach, a 216-unit apartment community in Boynton Beach. The seller and sales price were not disclosed. Built in 2002, Verona at Boynton Beach offers 72 one-bedrooms, 108 two-bedrooms and 36 three-bedroom floorplans. The units average 1,097 square feet in size. Unit features include nine-foot ceilings, upgraded finishes and full-size washers and dryers in every unit. Community amenities include a clubhouse, business center, fitness center, dog park, pet wash station, playground, pool, package center, barbecue and picnic areas. The new owner plans to complete renovations on the property, including enhancements to the amenity package and refreshed residence finishes. Located at 1575 SW 8th St. on 14.2 acres, the property is 6.5 miles from Delray Beach and 11.2 miles from Boca Raton Airport.

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Arbor Gates
AcquisitionsAlabamaMultifamilySoutheast

Carter Multifamily Acquires Four-Property Apartment Portfolio in Mobile for $121M

by Julia Sanders

MOBILE, ALA. — Carter Multifamily has acquired a four-property apartment portfolio in Mobile for $121 million. The seller was not disclosed. The portfolio had a total of 876 units. The four properties include Arbor Gates (184 units), The Gates at Jubilee (248 units), Lenox Gates (228 units) and Regency Gates (216 units). Built between 1992 and 1999, the properties had overall occupancies ranging from 92 percent to 96 percent at the time of sale. Carter Multifamily intends to execute a value-add strategy that will feature operational improvements, including implementing institutionally based property management best practices, upgrades to community amenities and interior unit renovations.

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Abercorn Walk
AcquisitionsGeorgiaRetailSoutheast

JLL Arranges Sale of 69,396 SF Abercorn Walk Shopping Center in Savannah

by Julia Sanders

SAVANNAH, GA. — JLL Capital Markets has arranged the sale of Abercorn Walk, a 69,396-square-foot retail center in Savannah. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL marketed the property on behalf of the seller. Chattanooga-based GBT Realty Corp. purchased the property for an undisclosed price. Abercorn Walk is anchored by The Fresh Market. Other tenants at the property include Ethan Allen, Soma Intimates, White House Black Market, Chico’s, Nadeau, Jos. A. Bank, J. Jill, Talbots, StretchLab and Cycle Bar. Located at 5525 Abercorn St., the property is situated 20 miles from Tybee Island and 14.5 miles from the Savannah/Hilton Head International Airport.

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The Reserve at Brandon
FloridaLoansMultifamilySoutheast

Berkadia Secures Acquisition Financing for 982-Unit Apartment Community in Metro Tampa

by Julia Sanders

BRANDON, FLA. — Berkadia has secured an undisclosed amount of acquisition financing for The Reserve at Brandon, a 982-unit apartment community in Brandon, about 12.9 miles from Tampa. Brad Williamson, Matt Robbins, Scott Wadler, Mitch Sinberg and Alan Dillman of Berkadia secured a loan on behalf of the borrower, Tampa-based ZMR Capital. MF1 provided a floating-rate bridge financing that is 80 percent loan-to-cost. Built between 1991 and 2002, The Reserve at Brandon offers one-, two- and three-bedroom units ranging from 705 square feet to 1,200 square feet. Unit features include stainless steel appliances, faux granite countertops, a breakfast bar, wood-style vinyl flooring in the common areas, walk-in closets and patios or balconies. Community amenities include a clubhouse, fitness center, three pools with cabanas, playground, tropical landscaping, business center, coffee bar, tennis court, onsite management and 24-hour emergency management. Located at 1918 Plantation Key Circle, the property is situated 21.1 miles from Tampa International Airport.

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AcquisitionsNorth CarolinaOfficeSoutheast

Montecito Medical Purchases 14,720 SF Medical Office Building in Metro Charlotte

by Julia Sanders

CONCORD, N.C. — Nashville-based Montecito Medical Real Estate has purchased a 14,720-square-foot medical office building in Concord. The seller and sales price were not disclosed. The medical office building is fully occupied under a long-term lease by Northeast Digestive Health Center. Northeast Digestive Health has served Cabarrus County and surrounding communities for 40 years. The practice provides a range of consultative, diagnostic, treatment and procedural services for patients across the area. The property is situated just off Interstate 85, approximately 25 miles northeast of downtown Charlotte.

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AcquisitionsHospitalityMississippiSoutheast

CBRE Brokers Sale of Chancellor’s House Hotel in Oxford, Mississippi

by Julia Sanders

OXFORD, MISS. — CBRE has arranged the sale of The Chancellor’s House, a 38-room boutique hotel in Oxford, to Nashville-based BNA Associates LLC. Natalie Castillo, Austin LaPoten and John Lamberson Jr. of CBRE represented the seller, an entity doing business as Chancellor House LLC. Built in 2017, The Chancellor’s House hotel offers two full-service restaurants, a lounge with an outdoor patio, rooftop and more than 2,800 square feet of meeting space. Located at 425 South Lamar Blvd., the property is situated less than one mile from the University of Mississippi and is just south of The University-Oxford Airport.

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AcquisitionsCaliforniaCompany NewsMarylandOregonRetailSoutheastTop StoriesWashingtonWestern

First Washington Realty Goes Shopping, Acquires Donahue Schriber Realty Group

by John Nelson

BETHESDA, MD. AND COSTA MESA, CALIF. — Bethesda-based retail real estate owner First Washington Realty (FWR) has purchased Donahue Schriber Realty Group Inc., a shopping center owner based in Costa Mesa. An affiliate of FWR acquired the private retail REIT and its portfolio of grocery-anchored, open-air centers from institutional investors advised by J.P. Morgan Global Alternatives. The transaction adds 47 shopping centers, as well as one DSRG-owned office property, for a combined 6 million square feet to FWR’s holdings. The sales price was not disclosed, but Bloomberg reported in February that the negotiations for the deal valued DSRG and its assets at north of $3 billion. The news outlet also reports that the California Public Employees’ Retirement System (CalPERS) was an equity partner with FWR on the deal and that JPMorgan Asset Management and the New York State Teachers’ Retirement System (NYSTRS) were among DSRG’s largest investors. For FWR, the deal expands its presence on the West Coast, including in high-profile markets such as the Bay Area, Orange County, Seattle, Portland, San Diego and Sacramento. The deal also expands FWR’s corporate base on the West Coast, as its executive management team now oversees DSRG’s existing offices in Orange County, San …

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