Sunday, April 20, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Southeast

AcquisitionsMultifamilySouth CarolinaSoutheast

Northmarq Arranges $49.3M Sale of Apartment Community in Greer, South Carolina

by John Nelson

GREER, S.C. — Northmarq has arranged the $49.3 million sale of Ryder Junction, a 264-unit apartment community located at 900 Conductor Circle in Greer, a city in South Carolina’s Upstate region. Andrea Howard, John Currin, Allan Lynch, Caylor Mark, Jeff Glenn and Austin Jackson of Northmarq represented the seller, Proffitt Dixon Partners, in the transaction. Additionally, Faron Thompson, Grant Harris and Cabell Thomas of Northmarq originated a $31.7 million Fannie Mae acquisition loan on behalf of the borrower, The Beach Co.   Built in 2023, Ryder Junction features one-, two- and three-bedroom apartments, as well as a clubhouse, pool, dog park, coworking suites, fitness center and detached garages.  

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaSelf-StorageSoutheast

DXD Capital, Olympus Ventures Complete 774-Unit Self-Storage Facility in Miami

by John Nelson

MIAMI — A partnership between DXD Capital and Olympus Ventures has completed a 774-unit, three-story self-storage facility located at 11210 N.W. 105th St. in Miami. Extra Space Storage manages the facility, which spans 74,388 net rentable square feet. ARCO was the general contractor for the climate-controlled storage property, and TBK Bank provided an undisclosed amount of construction financing.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHospitalitySoutheastTennessee

Hunter Brokers Sale of 97-Room TownePlace Suites Hotel in Knoxville

by John Nelson

KNOXVILLE, TENN. — Hunter Hotel Advisors has brokered the sale of TownePlace Suites Knoxville Cedar Bluff, a 97-room hotel located near the I-75 and I-40 connector in Knoxville. Tim Osborne of Hunter represented the institutional seller in the transaction. The buyer and sales price were not disclosed. Amenities at the hotel include a 24/7 fitness center and an outdoor swimming pool.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaHealthcareSoutheast

Lee Health Selects Skanska to Construct $435M Healthcare Campus in Fort Myers, Florida

by John Nelson

FORT MYERS, FLA. — Lee Health has tapped Skanska USA Building to construct Lee Health Fort Myers, a new $435 million healthcare campus in southwest Florida. The project will be situated on 52 acres and will comprise a five-story, 416,000-square-foot hospital, 125,000-square-foot medical office building and an onsite central energy plant to ensure stable and efficient power supply. Designed by Flad Architects, the hospital will feature 10 operating rooms, up to 168 patient rooms and 44 emergency department beds. The medical office building will feature an ambulatory surgery center. The project will break ground on vertical construction in early 2025 with a scheduled completion in 2028.

Continue Reading
FacebookTwitterLinkedinEmail
LoansNorth CarolinaSeniors HousingSoutheast

Berkadia Provides $71.3M Agency Refinancing for Seniors Housing Community in Greensboro

by John Nelson

GREENSBORO, N.C. — Berkadia has provided a $71.3 million Freddie Mac loan for the refinancing of Abbotswood at Irving Park, a senior living community located in Greensboro. Austin Sacco, Steve Muth, Garrett Sacco and Alec Rosenfeld of Berkadia Seniors Housing & Healthcare originated the financing on behalf of the borrower, KISCO Senior Living. Located at 3504 Flint St., Abbotswood at Irving Park offers cottages and independent living and assisted living units, as well as memory care suites.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaRetailSoutheast

Stratus Property Group Announces City Block Redevelopment in Downtown Carrollton, Georgia

by John Nelson

CARROLLTON, GA. — Stratus Development Group has announced the redevelopment of The Shoppes at Rome, transforming the first ever retail center built in Carrollton. Situated about 50 miles west of Atlanta, the 40,000-square-foot retail project spans nearly three acres and a full city block. The historic property is located at 415 Rome St., one block from Adamson Square shops and restaurants. Max Albers of Atlanta-based Stratus Property Group is leading the leasing for the redevelopment, which aims to bring new retailers to downtown Carrollton and spur further development in the area. The City of Carrollton has recently unveiled more developments in the downtown district, including The Amp, a 1,000-seat amphitheater, multiple new breweries and events such as half-marathon runs and the “Taste of Carrollton.”

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLeasing ActivityOfficeSoutheast

Regus Signs 46,000 SF Office Lease in Miami Beach for Spaces Brand

by John Nelson

MIAMI BEACH, FLA. — Coworking operator Regus has signed a long-term lease for nearly 46,000 square feet in Miami Beach, committing to occupying an entire Class A, boutique office building. Set to move in before the end of the year, Regus will establish its third and largest space in the submarket at 429 Lenox, where the new location will operate under the firm’s Spaces brand. Designed by Miami-based architect Kobi Karp, the property features modern office spaces, a rooftop deck, an onsite parking garage and multiple signage opportunities. Stephen Rutchik and Ana Paula of Colliers’ South Florida office represented the landlord, Azora Exan, in the lease transaction. JLL’s Adam Bernstein represented Regus in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaRetailSoutheast

Marcus & Millichap Brokers $10.1M Sale of Retail Center in West Palm Beach

by John Nelson

WEST PALM BEACH, FLA. — Marcus & Millichap has brokered the $10.1 million sale of the nearly 50,000-square-foot Cross County Plaza retail center in West Palm Beach. Located at 1922-1948 N. Military Trail, Cross County Plaza is fully occupied and anchored by national retailers including dd’s Discounts and K&G Fashion Superstore. The property is an outparcel to the larger Cross County Plaza shopping mall, which is situated near I-95 and Florida’s Turnpike. Tenants at the larger center include Presidente Supermarket, Ross Dress for Less, YouFit Gyms and Ollie’s Bargain Outlet. Douglas Mandel, Zach Levine and Josh Gilbert of Marcus & Millichap’s Fort Lauderdale office represented the seller in the transaction. Pliskin Realty was the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
Chick-fil-A
DevelopmentIndustrialKentuckySoutheastTop Stories

Chick-fil-A to Develop $100M Distribution Facility Near Cincinnati

by Hayden Spiess

ELSMERE, KY. — Chick-fil-A Supply, a wholly owned subsidiary of Chick-fil-A Inc. that handles the restaurant chain’s logistics and warehousing, has announced plans for a new, $100 million distribution facility in Elsmere, roughly 10 miles outside Cincinnati in Northern Kentucky.  Upon completion, the 270,000-square-foot development will be situated on a 28-acre site within 10 miles of Cincinnati/Northern Kentucky International Airport. Construction of the facility is currently underway, with the distribution center expected to be operational in 2026. According to a press release issued by the office of Kentucky Gov. Andy Beshear, the facility is expected to create more than 178 new permanent, full-time jobs over the next five years.  The new Chick-fil-A Supply facility will be located within the C5 Airport East Logistics Center, according to Link NKY. The newspaper also reported that Niagra Bottling will move into the same complex in 2026. Atlanta-based Core5 Industrial Partners is the owner of the industrial park, according to the company’s property page.  Chick-fil-A Supply currently operates nine distribution centers located in Georgia, North Carolina, Tennessee, Missouri, Ohio, Kansas and Texas. The centers support Chick-fil-A restaurants logistically and deliver ingredients and supplies. The Elsmere facility will support roughly 150 restaurants within the region.  Originally …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Toro Development Signs Six New Tenants at 43-Acre Medley Mixed-Use Project in Metro Atlanta

by John Nelson

JOHNS CREEK, GA. — Six new tenants have signed leases at Medley, a 43-acre mixed-use property currently underway in the north Atlanta suburb of Johns Creek. Locally based Toro Development Co. is the master developer of the project and plans to break ground in January. The newly signed tenants include Sephora, Rena’s Italian Fishery & Grill, High Country Outfitters, BODYROK, Petfolk and an undisclosed grocer. Previously announced tenants for the development, which is now roughly 75 percent leased, include Ford Fry’s Little Rey, CRÚ Food & Wine Bar, Fadó Irish Pub, Summit Coffee, Lily Sushi Bar, Knuckies Hoagies, Cookie Fix, Sugarcoat Beauty, BODY20, AYA Medical Spa, 26 Thai Kitchen and Bar, Five Daughters Bakery, Drybar Shops, Minnie Olivia, Burdlife, AMorino, Pause Studio, Fogón and Lions and Clean Your Dirty Face. Medley is currently about 75 percent leased. Upon completion in late 2026, Medley will comprise 150,000 square feet of retail, restaurant and entertainment space; a 175-room boutique hotel; 110,000 square feet of office space; 750 multifamily residences and 133 townhomes; and a 25,000-square-foot plaza. Toro also recently announced that it obtained construction financing for the project, including an undisclosed amount of equity from Ascentris, as well as a $158 million loan …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts