Southeast

Colliers Arranges 150,000 SF Industrial Lease in West Columbia, South Carolina

by Alex Tostado September 29, 2020

WEST COLUMBIA, S.C. — Colliers International has arranged a 150,000-square-foot lease within Midway Logistics IV, bringing the 200,000-square-foot speculative development in West Columbia to full occupancy. The tenant, TreeHouse Foods, will move into the space located at 828 Bistline Drive, eight miles south of downtown Columbia and two miles south of the Interstate 26-77 interchange. TreeHouse will use the space to support its current pasta plant located at 2000 American Italian Way, 11 miles east of Midway Logistics IV. TreeHouse is a manufacturer and distributor of foods and beverages. Chuck Salley, Dave Mathews, Thomas Beard and John Peebles of Colliers represented the landlord and developer, Magnus Development Partners, in the lease transaction. With the property now being fully leased, Magnus will begin development on Midway Logistics VI, a planned 192,780-square-foot spec industrial building on the West Columbia campus.

September 29, 2020

Acquisitions Florida Office Southeast

Gatsby Enterprises Acquires Newly Built Office Campus in South Florida for $80M

by Alex Tostado September 28, 2020

PALM BEACH GARDENS, FLA. — Gatsby Enterprises has acquired DiVosta Towers, a two-building office campus in Palm Beach Gardens, for $80 million. The buildings comprise 220,000 square feet and offer 889 parking spaces. The buildings also feature 10-foot ceilings, floor-to-ceiling windows, car charging stations and a full-time concierge. The seller, Gardens Corporate Center LLC, which is an affiliate of DiVosta Investments, delivered the campus in 2019. The asset was 70 percent leased at the time of sale to tenants including JP Morgan and Comiter, Singer, Baseman & Braun LLP. The New York City-based buyer has hired Jon Blunk of Tower Commercial Real Estate to oversee leasing for both buildings. DiVosta Towers is located at 3874 Kyoto Gardens Drive, 12 miles north of downtown West Palm Beach.

September 28, 2020

Development Florida Multifamily Southeast

Summit Contracting Breaks Ground on 117-Unit Apartment Development in Jacksonville

by Alex Tostado September 28, 2020

JACKSONVILLE, FLA. — Summit Contracting Group has broken ground on Lofts at Murray Hill, a 117-unit apartment complex in Jacksonville’s Murray Hill neighborhood. Communal amenities will include a fitness center, club room, resident lounge and a dog walk area. The four-story community will also offer 11,000 square feet of ground-level retail space. Designed by Group 4 Design Inc., Lofts at Murray Hill is located at 840 Edgewood Ave. S., five miles southwest of downtown Jacksonville. The developer, The Vestcor Cos., expects to deliver the property in fall 2021. The mixed-income property will offer units at market rate, and for workforce and affordable housing.

September 28, 2020

Acquisitions Healthcare Office Southeast

Montecito Medical Purchases Four-Building Healthcare Portfolio in West Little Rock

by Alex Tostado September 28, 2020

LITTLE ROCK, ARK. — Montecito Medical Real Estate has acquired a four-building healthcare property portfolio in Little Rock’s west side. The buildings comprise 72,566 square feet and were fully leased to Arkansas Urology at the time of sale. The portfolio includes three medical office buildings and an ambulatory surgery center. The medical office buildings are situated adjacently to each other at 1300 Centerview Drive, seven miles west of downtown Little Rock. The buildings include a 37,718-square-foot clinic, a 6,723-square-foot cancer treatment center and a 12,475-square-foot outpatient clinic. The 15,650-square-foot ambulatory surgery center is located at 1310 Centerview Drive, less than one mile from the medical office buildings and two miles from Baptist Health-Little Rock Hospital. The seller(s) and sales price were not disclosed.

September 28, 2020

Acquisitions Georgia Multifamily Southeast

Olive Tree Sells Multifamily Community in Metro Atlanta for $13.1M

by Alex Tostado September 28, 2020

DECATUR, GA. — Olive Tree Property Holdings LLC has sold The Life at Peppertree Circle, a 167-unit multifamily community in Decatur, for $13.1 million. The property offers one- and two-bedroom floor plans and a pool. The asset is located at 3321 Peppertree Circle, 11 miles east of downtown Atlanta. Olive Tree acquired the complex in 2017 for $4.8 million. The New York City-based company implemented a value-add program, which included restoring 32 units that were damaged due to fire. The buyer was not disclosed.

September 28, 2020

District of Columbia Seniors Housing Southeast

Nursing Homes Urge Congress to Provide Additional COVID-19 Funding for Health and Long-Term Care Providers

by John Nelson September 28, 2020

WASHINGTON, D.C. — The American Health Care Association and National Center for Assisted Living (AHCA/NCAL) has warned Congress that if the federal government doesn’t pass another COVID-19 funding package, public health agencies and healthcare providers could find themselves less than completely prepared heading into the cold and flu season, as well as underfunded to handle another major spike in COVID-19 cases. The Washington, D.C.-based organization represents more than 14,000 nursing homes and assisted living communities across the country that provide care to approximately 5 million people each year. About 70 percent of the $175 billion Provider Relief Fund provided by the CARES Act is already distributed, and remaining funds are likely to be allocated by early October. Healthcare providers, including long-term care facilities, will need additional funds to continue their response to the pandemic heading into the cold and flu season, which provides new challenges, the organization stated in a press release on Monday. Mark Parkinson, president and CEO for AHCA/NCAL, says that Congress needs to end the partisan logjam and prioritize frontline healthcare workers and residents, particularly vulnerable elderly populations. “With the cold and flu season adding a real complication to the ongoing COVID-19 pandemic response, the need for …

September 28, 2020

Development Georgia Southeast

Porsche Revs Up Construction on 33-Acre Extension of North American Headquarters in Atlanta

by Alex Tostado September 25, 2020

ATLANTA — Porsche Cars North America Inc. (PCNA) has started construction on a 33-acre extension of its existing headquarters located near Hartsfield-Jackson Atlanta International Airport. Hennessy Porsche North Atlanta and Porsche Atlanta Perimeter will jointly develop, own and operate the first phase of development with PCNA. Phase I will be a standalone service center, which will span 2.5 acres and 20,815 square feet. The facility will include 13 lift bays to service vehicles, as well as a reception area and waiting lounge for customers. Porsche expects the service center to open in the third quarter of 2021. The extension will be developed over the next three years and will include a new Porsche Classic Factory Restoration facility, track extension for the Porsche Experience Center Atlanta and a parking structure. Phase II is expected to begin in 2021 and be completed in mid-2023. The current headquarters was opened in 2015 and spans 27 acres. The property is situated at the northeast corner of Hartsfield-Jackson.

September 25, 2020

Alabama Development Multifamily Southeast Student Housing

Greystar to Develop $70M Student Housing Community Near University of Alabama

by Alex Tostado September 25, 2020

TUSCALOOSA, ALA. — Greystar has acquired 17 acres in Tuscaloosa to develop Union on Frank, a $70 million student housing community serving students at the University of Alabama. The 200-unit property will comprise 396 beds and will be situated at 512 Frank Thomas Ave., two blocks from Bryant-Denny Stadium. The site currently has existing student and multifamily communities that will be demolished. A timeline for completion was not disclosed. Sean Baird, Jonathan Holt, Carter Brehm, Austin Weathington and Will Mathews of Colliers International represented both the buyer and undisclosed seller in the land transaction.

September 25, 2020

Development Retail Southeast Virginia

Wegmans to Open 80,000 SF Store in Northern Virginia in November

by Alex Tostado September 25, 2020

TYSONS, VA. — Wegmans is slated to open an 80,000-square-foot store in Tysons on Nov. 4. Wegmans Tysons will feature a café with indoor/outdoor seating and The Burger Bar. The store will be located along the McLean Silver Line Metro stop at 1835 Capital One Drive S., 12 miles west of downtown Washington, D.C. Rochester, N.Y.-based Wegmans is hoping to hire 150 employees before the grand opening. The location is situated within Capital One Center, the public-facing portion of the bank’s global headquarters. Other tenants at the property include The Perch Biergarten, which is slated to open this fall, and Starbucks.

September 25, 2020

Development Florida Multifamily Southeast

Daniel Corp. to Break Ground on $60M Multifamily Community in Pensacola

by Alex Tostado September 25, 2020

PENSACOLA, FLA. — Daniel Corp. plans to break ground on a $60 million, a 336-unit multifamily community in Pensacola. The yet-to-be-named property will be situated within Pathstone, a master-planned community featuring more than 200 single-family homes and 75,000 square feet of retail space. Additionally, the community will be situated across the street from Navy Federal Credit Union’s campus on Nine Mile Road, which houses 8,500 employees. The Birmingham, Ala.-based developer expects to deliver the property in fall 2021.

September 25, 2020

Newer Posts

Older Posts