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AcquisitionsIndustrialLoansRetailSouth CarolinaSoutheast

CBRE Arranges Acquisition Financing for 307,492 SF Industrial Portfolio in North Charleston

by John Nelson

NORTH CHARLESTON, S.C. — CBRE has arranged $29 million in acquisition financing for a two-building industrial portfolio in North Charleston totaling 307,492 square feet. The properties include a 60,640-square-foot facility at 4275 Arco Lane and a 246,852-square-foot property at 4750-4760 Goer Drive. The borrower, Miami-based COFE Properties, purchased the buildings for $48.3 million. Brian Linnihan, Mike Ryan, Richard Henry and J.P. Cordeiro of CBRE’s Atlanta office arranged the fixed-rate loan, which features interest-only payments for the full five-year term, through Nuveen Real Estate. The two buildings were fully leased at the time of financing to tenants including Carrier Enterprises, Perfect 10 Distribution, College of Charleston and Beers Millwork.

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AcquisitionsFloridaRetailSoutheast

Colliers Brokers Sale of 125,538 SF Casselberry Exchange Shopping Center in Metro Orlando

by John Nelson

CASSELBERRY, FLA. — Colliers has brokered the sale of Casselberry Exchange, a 125,538-square-foot shopping center located at 5803 US Highway 17-92 in Casselberry, approximately 12 miles north of Orlando. Funds managed by affiliates of Apollo sold the value-add property to RD Management for an undisclosed price. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller in the transaction. Situated adjacent to Sole at Casselberry apartments, the shopping center features multiple single-tenant and strip retail buildings leased to retailers including Starbucks Coffee, Einstein Bagel Bros, Fresenius Kidney Care, Amscot and Little Caesars. Casselberry Exchange also features three vacant big box anchor stores totaling nearly 83,500 square feet and a former 7-Eleven gas station outparcel.

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GeorgiaLeasing ActivityOfficeSoutheast

CP Group Signs Eversheds Sutherland to 94,000 SF Office Lease in Midtown Atlanta

by John Nelson

ATLANTA — CP Group has signed Eversheds Sutherland LLP, a global law firm, to a 94,000-square-foot office lease at Bank of America Plaza, a 55-story skyscraper in Midtown Plaza. CBRE’s John Schlesinger represented the tenant, and his colleagues Jeff Keppen and Nicole Goldsmith represented the landlord in the lease transaction. Over the past six months, leasing activity at Bank of America Plaza has reached 170,000 square feet, including four new tenants, one renewal and two expansions. Amenities at the office tower include a conference center space with breakout rooms, fitness club, food hall, salon and an onsite retail Bank of America branch.

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AcquisitionsNorth CarolinaRetailSoutheast

Ziff Real Estate Acquires South Charlotte Retail Center for $11.2M

by John Nelson

CHARLOTTE, N.C — Ziff Real Estate Partners (ZRP) has acquired Camfield Corners, a 70,000-square-foot neighborhood retail center in south Charlotte, for $11.2 million. Simpson Commercial Real Estate’s Wells Herndon and Wesley Fricks represented the undisclosed seller in the transaction. Christian Chamblee, Jack Jardina and Kayla Hamilton were the internal representatives for ZRP. Camfield Corners spans 9.7 acres and includes tenants like Planet Fitness and Goodwill. ZRP owns three retail assets near the recent purchase, including Carolina Crossing, Matthews Festival and Turnberrry Place.

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Conference CoverageFeaturesHealthcareSoutheastSoutheast Feature ArchiveTennessee

Creative Capital, Partnerships Loom Large in Healthcare Real Estate, Says InterFace Panel

by John Nelson

NASHVILLE, TENN. — Healthcare real estate investment is at a pivotal point of this current cycle. On one hand, the investment sales market is expected to rebound heartily following a few subdued quarters. According to data from Maryland-based research firm Revista, investment sales volume for medical office buildings (MOBs) was $2.1 billion in third-quarter 2024, in line with the first two quarters of the year but down from more robust quarters in 2021 and 2022. On the other hand, funding this expected uptick in acquisitions will be more layered than ever before, even with the recent cuts to the federal funds rate by the Federal Reserve. Ben Appel, executive managing director of Newmark’s healthcare capital markets team, said that the competition level is increasing as deals come to market, but what’s more notable is the capital stack behind those bids. 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. “Today those bids have two to three different sleeves of capital behind them,” said Appel, who is based out of Newmark’s Philadelphia office. “We are seeing some of …

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The-Hamilton_Miami
AcquisitionsFloridaLoansMultifamilySoutheastTop Stories

Kushner Cos. Acquires The Hamilton Apartments in Miami for $190M

by Hayden Spiess

MIAMI — Kushner Cos. has acquired The Hamilton, a 276-unit apartment community located in the Edgewater neighborhood of Miami. Apartment Investment and Management Co. (Aimco) sold the multifamily property for $190 million.  Located at 555 N.E. 34th St. along Biscayne Bay, the community is situated with proximity to downtown Miami and the city’s Brickell financial district.  Originally developed in 1984, The Hamilton features one-, two-, three-, four- and five-bedroom units averaging 1,373 square feet in size. Each apartment also features a terrace — the terraces average 326 square feet, with some larger than 2,300 square feet.  Aimco purchased The Hamilton in 2020 and executed a complete renovation of the property, which was completed in 2022. Still Hunter, Kaya Suarez, Leigh Gerke, Bennett Hopkins and Luke Duffack of Walker & Dunlop arranged the transaction on behalf of Aimco.  Additionally, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Stepniewski, Mo Beler, Michael Ianno and Christopher de Raet of Walker & Dunlop arranged a $157 million acquisition financing package on behalf of Kushner Cos. Apollo Global Management and Macquarie Group provided the financing.  According to a press release issued by Walker & Dunlop, The Hamilton marks one of only two institutional-quality, direct …

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DevelopmentFloridaHealthcareSoutheast

Robins & Morton Delivers 160,000 SF UHealth Doral Medical Center in Metro Miami

by John Nelson

DORAL, FLA. — Birmingham-based general contractor Robins & Morton has delivered a new 160,000-square-foot medical center in Doral, a western suburb of Miami, on behalf of University of Miami health system UHealth. The six-story UHealth Doral property opened in late November. Designed by Arcadis, the healthcare property features 33 exam rooms, eight operating rooms, three endoscopy suites, 33 cancer treatment units, radiology services, a lab, onsite pharmacy, seven-story parking garage and a central energy plant. Specialists operating within UHealth Doral include UHealth’s neurology program, the Sylvester Comprehensive Cancer Center, Bascom Palmer Eye Institute and Desai Sethi Urology Institute.

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DevelopmentMississippiRestaurantRetailSoutheast

Topgolf to Open First Mississippi Venue Tomorrow in Ridgeland

by John Nelson

RIDGELAND, MISS. — Topgolf will open its first venue in Mississippi, Topgolf Ridgeland, tomorrow in Ridgeland, which is approximately 11 miles north of downtown Jackson. Topgolf Ridgeland will feature 62 outdoor, climate-controlled hitting bays spanning two levels. Each bay has lounge-type furniture or high-top tables for large or small groups. In addition to signature gameplay, Topgolf Ridgeland will feature a brand new nine-hole mini-golf course and a full-service bar and restaurant. A Topgolf Callaway Brands Corp. brand, Dallas-based Topgolf operates more than 100 outdoor venues around the globe. The Ridgeland venue will mark Topgolf’s 108th location globally.

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AcquisitionsGeorgiaIndustrialSoutheast

IRG Purchases 311,325 SF Industrial Facility in Dublin, Georgia

by John Nelson

DUBLIN, GA. — Industrial Realty Group LLC (IRG) has purchased a 311,325-square-foot industrial facility in Dublin, a city in south-central Georgia. The seller and sales price were not disclosed. The manufacturing and distribution facility is located on a 30-acre site along I-16 and within 100 miles of the upcoming $7.6 billion Hyundai Metaplant in metro Savannah. The property features trailer parking, 15- to 28-foot clear heights, 33 dock doors and sufficient power for light manufacturing use. Los Angeles-based IRG currently owns and operates about 2.3 million square feet of industrial space in Central Georgia.

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AcquisitionsFloridaRetailSoutheast

CTO Realty Growth Acquires Granada Plaza Shopping Center in Metro Tampa for $16.8M

by John Nelson

DUNEDIN, FLA. — CTO Realty Growth Inc. has purchased Granada Plaza, a 74,000-square-foot shopping center located on a seven-acre site in the Tampa suburb of Dunedin. Publix anchors the property, which was 95 percent leased at the time of sale. Winter Park, Fla.-based CTO Realty Growth purchased the asset from the undisclosed seller for $16.8 million. According to LoopNet Inc., Granada Plaza was built in 1983.

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