ROBERSONVILLE, N.C. — Marcus & Millichap Capital Corp. (MMCC) has arranged an $8.9 million loan for a 206,369-square-foot industrial property located at 201 E. 3rd St. in Robersonville. Flagstone Foods, a private healthy snack maker and distributor, fully occupies the facility. Chad O’Connor of MMCC’s San Diego office arranged the 10-year loan through a local credit union on behalf of the undisclosed borrower. The loan features a 6.09 percent interest rate and a 30-year amortization schedule.
GAFFNEY, S.C. — Glenstar Logistics has signed First Solar to a 1.3 million-square-foot lease at Cherokee Commerce Center 85 (CCC-85), a 290-acre industrial development in Gaffney. First Solar will invest $330 million to expand CCC-85’s Building 2 from a 550,520-square-foot, cross-dock facility into a 3.7-gigawatt manufacturing plant spanning 1.3 million square feet. First Solar will use the facility to transform thin-film solar cells produced by First Solar’s international fleet into fully assembled modules. The plant is expected to create more than 600 jobs and begin operations in second-half 2026. The facility is located at 121 Logistics Drive, which sits about equidistant between Charlotte and Greenville along I-85 in Cherokee County. First Solar, which is the largest solar panel manufacturer in the country, operates a distribution center in nearby Duncan, S.C. Michael White of Savills and Nate Zoucha of CBRE represented First Solar in the lease transaction. John Montgomery, Garrett Scott, Dillon Swayngim and Brockton Hall of Colliers’ Spartanburg office represented the landlord. The design-build team for the expansion includes Evans General Contractors, Ware Malcomb and SeamonWhiteside. Glenstar, along with capital partner Creek Lane Capital, delivered Building 2 at CCC-85 in January.
KANNAPOLIS, N.C. — Trammell Crow Co. has signed custom sports uniform manufacturer Momentec Brands to a full-building lease at Metro 63, a 755,926-square-foot distribution center in Kannapolis. Matt Treble, Fermin Deoca and Drew Coholan of Cushman & Wakefield represented Trammell Crow Co. in the lease deal. Bob Rosenthal and Grant Miller of Colliers represented Momentec Brands. Built in late 2022, the 94-acre property is located at 5700 Royce St., about 30 miles north of Charlotte via I-85. The facility, rebranded as The Momentec Customer Success Center, will house 700 employees once fully operational in the first half of 2026. The cross-dock facility features 40-foot clear heights, ESFR fire protection, multiple points of ingress and egress, 190-foot truck courts, 172 trailer drops, 490 auto parking spaces and 10 acres of auxiliary parking. Momentec Brands is consolidating its distribution network, which was spread across six properties in six states in the Southeast and Midwest. Momentec Brands is the result of a merger between Augusta Sportswear Brands and Founder Sport Group. The company is a subsidiary of Platinum Equity.
AUGUSTA, GA. — Dwight Mortgage Trust, an affiliate REIT of Dwight Capital, has provided a $41 million loan for the refinancing of Pointe Grand Reservation Way, a newly constructed, 264-unit apartment community located at 255 Reservation Way in Augusta. Josh Hoffman and Jonathan Pomper of Dwight Mortgage Trust originated the loan for the borrower, Winter Park, Fla.-based Hillpointe. The loan will refinance existing debt, fund an interest reserve, cover transaction costs and return built-up equity accumulated during construction. Pointe Grand Reservation Way features a clubhouse, resort-style pool, business center, fitness center, firepit, picnic area and electric vehicle charging stations.
POMPANO BEACH, FLA. — SRS Real Estate Partners has brokered the $4.6 million sale of a newly built restaurant in Pompano Beach leased to Starbucks Coffee. The South Florida restaurant was built in 2025 at 3895 N. Federal Highway, about 12 miles north of Fort Lauderdale, Fla. Starbucks operates the 2,734-square-foot restaurant, which features a drive-thru, on a 10-year lease term with scheduled rent increases and extension options. Patrick Nutt and William Wamble of SRS represented the seller, a South Florida-based partnership, in the transaction. The buyer was a private investor based in Boston. Both parties requested anonymity.
RICHARDSON, TEXAS AND WASHINGTON, D.C. — The U.S. Justice Department’s Antitrust Division has reached a settlement with RealPage Inc. as part of its ongoing enforcement against algorithmic coordination, information sharing and other anticompetitive practices in rental housing markets across the country, according to details disclosed in a North Carolina federal court on Monday. The proposed consent judgment, which still requires court approval before it can be implemented, would help restore free market competition in rental markets for millions of American renters, the Justice Department stated in a press release. “Competing companies must make independent pricing decisions, and with the rise of algorithmic and artificial intelligence tools, we will remain at the forefront of vigorous antitrust enforcement,” said Assistant Attorney General Abigail Slater of the Justice Department’s Antitrust Division. Headquartered in Richardson, Texas, RealPage is a provider of revenue management software and services for the conventional multifamily rental housing industry. In a civil antitrust claim filed in North Carolina in August 2024, the Justice Department and the attorneys general of eight states alleged that RealPage’s revenue management software relied on nonpublic, competitively sensitive information shared by landlords to set rental prices. The plaintiffs also alleged that RealPage’s software included features designed …
The November 18 France Media webinar “From Hype to Readiness — How Commercial Real Estate Firms Are Preparing for AI,” hosted by France Media and sponsored by Defease With Ease | Thirty Capital, offered a look at the realities of artificial intelligence (AI) within the industry. What can a year of AI use in commercial real estate tell us about implementation and tactics? Panelists touched on the limitations of general-purpose tools, as well as trending topics including safeguards, data privacy, accuracy and institutional control. For professionals engaged in commercial real estate, the session highlighted practical ways AI can elevate both day-to-day efficiency and organizational sophistication (especially if efforts are backed up by a unified library of proprietary portfolio data). Panelists discussed how purpose-built platforms can support underwriting, refinancing, internal reporting and ongoing asset optimization by using secure, updated data. The expert presenters gave concrete examples on how AI can act as an effort multiplier: it can strengthen accuracy, surface risks earlier and broaden the capabilities of team members. The included case study underscored real-world advantages, including improved reporting integrity, stronger oversight and better workflow automation. Register here to watch this brief webinar to gain helpful insights on integrating new technology …
PRINCE GEORGE COUNTY, VA. — The LEGO Group has broken ground on its new 2 million-square-foot regional distribution center in Prince George County near Richmond. The $360 million project will complement the LEGO Manufacturing Virginia facility that is underway in nearby Chesterfield County. Both facilities are scheduled to open in 2027 and will allow the company to reduce lead times, respond faster to shifts in demand, shorten the supply chain and slash its environmental impact. The new facility, which marks LEGO’s sixth distribution center worldwide and second in the United States, will feature advanced automation and will use 100 percent renewable energy to power the site to meet LEED Gold certification. The company also aims to achieve WELL Certification, which certifies buildings for improving the health and well-being of its occupants. The LEGO Group previously announced a build-to-suit lease for the new distribution center with Crosspointe Commerce Center, a joint venture between Hillwood Investment Properties and The Silverman Group. A third-party logistics provider will operate the facility, which is expected to create more than 300 jobs once opened, according to company representatives.
CENTREVILLE, VA. AND BRANDYWINE, MD. — Bethesda, Md.-based Finmarc Management has acquired a pair of retail properties leased by national movie operators in Virginia and Maryland for $15.1 million. EPR Properties was the seller. The first property, which spans 72,821 square feet, is located roughly 25 miles west of Washington, D.C., at 6201 Multiplex Drive in Fairfax County, Va. Cinemark Centreville fully leases the building, which features 12 screens. The second property is situated at 7710 Matapeake Business Drive in Brandywine and totals 60,000 square feet. The 14-screen theater is fully leased to Xscape Theatres.
DOUGLASVILLE, GA. — Lee & Associates has negotiated the sale of a 335,613-square-foot industrial facility located at 7555 Wood Road in the Atlanta suburb of Douglasville. The property features modern construction elements, high clear heights, multiple dock positions and functional warehouse space that can accommodate a variety of industrial users. The asset’s location also provides direct access to I-20 and I-285, as well as various regional transportation networks. Approximately 27,917 square feet of the facility is now available for lease. Billy Snowden of Lee & Associates represented the buyer in the transaction. Both the buyer and seller requested anonymity.
