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Flints-Crossing
AcquisitionsAlabamaRetailSoutheast

Matthews Arranges Sale of 97,668 SF Flint’s Crossing Shopping Center in Auburn, Alabama

by Abby Cox

AUBURN, ALA. — Matthews Real Estate Investment Services has arranged the sale of Flint’s Crossing, a 97,668-square-foot neighborhood shopping center situated three miles from Auburn University. HomeGoods and Michaels anchor the fully leased center. Other tenants include Panera Bread, The UPS Store, Subway, CiCi’s Pizza, Plato’s Closet, Kumon and uBreakiFix. In addition to the 22,850-square-foot HomeGoods store, which operates at the property on a new 10-year lease, Flint’s Crossing has introduced roughly 15,115 square feet of new tenants since 2022. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews represented the repeat seller, an entity doing business as RECS Flint’s Crossing LLC, in the transaction. The buyer and sales price were not disclosed.

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The-Mark-Knoxville
DevelopmentSoutheastStudent HousingTennessee

Landmark, Manulife Investment Complete 833-Bed Student Housing Development Near University of Tennessee

by Abby Cox

KNOXVILLE, TENN. — A joint venture between Landmark Properties and Manulife Investment Management has completed The Mark Knoxville, an 833-bed student housing development located at 124 S. Concord St. near the University of Tennessee campus in Knoxville. The development team for the project included BKV Group and Landmark Construction. The property offers fully furnished units with bed-to-bath parity, ranging in size from studios to five-bedroom floorplans. Amenities include a rooftop clubhouse and outdoor pool with a jumbotron, 24-hour study lounge, pickleball court and a fitness center, as well as a 25,000-square-foot courtyard with grilling stations, fire pits and hammock groves. The property also features an onsite parking garage and a private shuttle service to campus.

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555-Mangum
Leasing ActivityNorth CarolinaOfficeSoutheast

Tanium Renews, Expands Office Lease at 555 Mangum in Downtown Durham

by Abby Cox

DURHAM, N.C. — Global cybersecurity firm Tanium has renewed and expanded its office lease at 555 Mangum, a 234,000-square-foot office building in downtown Durham. Tanium initially leased 25,000 square feet at the complex in 2024 and has now taken an additional 23,000 square feet, bringing its total occupancy to 48,000 square feet. The company will move into its new space in early 2026. Matt Winters and Kimarie Ankenbrand of JLL represented Tanium in both the initial lease and the most recent expansion. Situated near the Durham Bulls Minor League Athletic Park, 555 Mangum is owned by Northwood Ravin and features a mix of amenities including a rooftop lounge, outdoor courtyard, fitness facility and bike storage, as well as The Lenny, a rooftop restaurant concept from the Ibarra brothers.

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new-red-bull-facility
DevelopmentIndustrialNorth CarolinaSoutheastTop Stories

Red Bull, Partners Break Ground on 2.3 MSF Bottling Plant in Concord, North Carolina

by Abby Cox

CONCORD, N.C. — Energy drink giant Red Bull, along with development partners Ball Corp. (NYSE: BALL) and Rauch North America, has broken ground on a 2.3 million-square-foot production, manufacturing and distribution bottling plant in Concord, a northeast suburb of Charlotte. The $1.5 billion investment, as disclosed by several media sources, is expected to begin operations in 2028, with maximized filling capacity anticipated by 2031. The Charlotte Business Journal reports that the companies originally bought the 500-acre site at the former Philips Morris cigarette plant site, now rebranded as The Grounds, in 2021 for $55 million, after first announcing their plans to open a facility. As additionally reported, the plan initially began as a $740 million project, but as the Cabarrus County Economic Development Corp. approved enhanced incentives in 2022, the project expanded. The fully automated Red Bull plant will now offer 170,000 pallet spaces, as well as internal conveyor bridges for intralogistics that will connect can manufacturing to co-packing to warehousing, and lastly, directly to customer deliveries to “minimize carbon emissions.” Ball Corp. will also build an 800,000-square-foot aluminum can plant at the industrial park. The company will produce packaging at the new facility for Red Bull, as well as other beverage …

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AcquisitionsFloridaHospitalitySoutheast

Trinity, Certares Sell 352-Room EAST Miami Hotel at Brickell City Centre to Blackstone

by John Nelson

MIAMI — Funds managed by Trinity Investments and Certares Real Estate Management have sold EAST Miami, a 352-room hotel located within the $1.1 billion Brickell City Centre mixed-use development. Funds affiliated with Blackstone Real Estate purchased the hotel for an undisclosed price. Built in 2016, EAST Miami features guest rooms, 89 serviced apartments and Sugar, a rooftop bar and dining venue. Trinity Investments and Certares acquired the property in 2021 from Swire Properties, the master developer of Brickell City Centre. Swire Hotels continues to operate the hotel under the company’s EAST hospitality brand.

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Affordable HousingDevelopmentFloridaSeniors HousingSoutheast

National CORE Obtains Funding for Affordable Seniors Housing Development in Gainesville, Florida

by John Nelson

GAINESVILLE, FLA. — KeyBank Community Development Lending and Investment has provided a $13 million construction loan to National CORE, a nonprofit developer, to finance Hawthorne Heights, an 86-unit affordable seniors housing project in Gainesville. KeyBank Commercial Mortgage Group also provided a $6.5 million Freddie Mac permanent loan for the project. National CORE also secured additional funding from Red Stone, which provided Low-Income Housing Tax Credit (LIHTC) equity and bonds from the Florida Housing Finance Corp. The property qualifies for tax abatement, which provides tax exemption for nonprofit-owned properties that commit to using it for providing affordable housing for a minimum of 99 years. Hawthorne Heights will serve seniors age 62 and older, with five units specifically set aside for individuals with special needs. The five-story building will be constructed on a 3-acre site, and, in addition to the special-needs units, will offer three apartments for residents earning no more than 22 percent of the area median income (AMI), nine apartments for households earning up to 40 percent of AMI and 74 apartments for households earning 60 percent or below AMI. Completion of Hawthorne Heights is slated for November 2026, and the lease-up period is expected to begin in August 2026. National …

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AcquisitionsRetailSoutheastTennessee

Matthews Negotiates Sale of 224,139 SF Greeneville Commons Shopping Center in Northeast Tennessee

by John Nelson

GREENEVILLE, TENN. — Matthews has negotiated the sale of Greeneville Commons, a 224,139-square-foot shopping center located in Greeneville, a city in northeast Tennessee near the North Carolina border. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews represented the undisclosed seller, a repeat institutional client, in the transaction. Matthews also procured the buyer, an affiliate of Hackney Real Estate Partners. The sales price was not disclosed. Greeneville Commons was more than 90 percent leased at the time of sale to tenants including Ross Dress for Less, Hobby Lobby, Five Below, Marshalls, Bath & Body Works, Workout Anytime, Xfinity, GNC and Rack Room Shoes.

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AcquisitionsLouisianaRetailSoutheast

Marcus & Millichap Brokers $6.8M Sale of Village Square Shopping Center in Baton Rouge

by John Nelson

BATON ROUGE, LA. — Marcus & Millichap has brokered the $6.8 million sale of Village Square, a 47,000-square-foot shopping center located at 3132 College Drive near the Louisiana State University (LSU) campus in Baton Rouge. Situated near the intersection of I-10, the property is shadow-anchored by Walmart and was leased to tenants including Office Depot, Sally Beauty, Coffee Call, Classy Nails, Teatery & Tapioca and Juicy Seafood at the time of sale. Zach Taylor and Eric Abbott of Marcus & Millichap’s Taylor McMinn Retail Group represented the seller, an unnamed developer based in Tennessee, in the transaction. Steve Greer served as Marcus & Millichap’s broker of record in Louisiana in the deal. The buyer was not released. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group also negotiated the $5.2 million sale of Village Square’s two outparcels, which are leased to Capital One and IHOP, in May on behalf of the same seller.

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Leasing ActivityMixed-UseRestaurantRetailSoutheastVirginia

Meridian Group Signs Five Retailers to Join The Boro in Tysons, Virginia

by John Nelson

TYSONS, VA. — The Meridian Group has signed five retailers to join the tenant lineup at The Boro, a transit-oriented, mixed-use development in the Northern Virginia city of Tysons. The new tenants include TileBar, Game Show Battle Rooms, Fava Pot, California Closets and NOVA Plastic Surgery & Dermatology. All five retailers plan to open their locations between late 2025 and early 2026. Ed Crilley of H&R Retail handles the retail leasing assignment at The Boro on behalf of ownership.

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FeaturesGeorgiaMultifamilySeniors HousingSoutheastSoutheast Feature Archive

InterFace Panel: Seniors Housing Developers Can Cut Costs by Eliminating ‘Wasted Space’

by Kristin Harlow

ATLANTA — In today’s high-cost environment where obtaining development financing remains tricky, seniors housing builders are focused on cutting expenses — whether it be shrinking spaces or eliminating underutilized amenities altogether. That was the major takeaway from the development panel at the 12th annual InterFace Seniors Housing Southeast conference, which took place at the InterContinental Hotel in Atlanta on Wednesday, Aug. 27. The panel, which was titled “When Will Development Rebound? Outlook & Strategies for 2026,” included Richard Ackerman, managing partner of Big Rock Partners; Joe Jasmon, CEO of American Healthcare Management Group; Tod Petty, chief investment officer of Mainstay Senior Living; Leland Rice, president of QSL Management; Bear Mahon, president and CEO of Oaks Senior Living; and Alan Moise, chief investment officer of Thrive Senior Living. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Moise, the panel’s moderator, kicked off the discussion by asking participants for their definition of “rebound.” For Rice, the answer was a return to a mature market with stabilized assets selling at full price. “For a long time, we had seen …

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