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Affordable HousingDevelopmentFloridaMultifamilySeniors HousingSoutheast

ANF Completes 99-Unit Affordable Seniors Housing Community in South Florida

by John Nelson

OPA-LOCKA, FLA. — Construction and development firm ANF has completed the construction of Wellspring Apartments, a new affordable seniors housing community located in Opa-locka, roughly 15 miles northwest of Miami. The Integral Group was the developer. Totaling 99 units, Wellspring Apartments features studio, one- and two-bedroom apartments. Residences are reserved for seniors earning at or below 60 and 50 percent of the area median income (AMI), with 67 units reserved for residents earning at or below 50 percent of AMI and 32 units reserved for residents earning at or below 60 percent of AMI. Amenities at the 81,350-square-foot property include a computer and library room, fitness center, community center with a full kitchen and a covered terrace.

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AcquisitionsRetailSouth CarolinaSoutheast

Marcus & Millichap Brokers $7.2M Sale of Shopping Center in Lexington, South Carolina

by John Nelson

LEXINGTON, S.C. — Marcus & Millichap has brokered the $7.2 million sale of Hope Ferry Center, a 51,749-square-foot retail center located in the Columbia suburb of Lexington. Built in 2001 on 3.5 acres, Hope Ferry Center was leased to 23 tenants at the time of sale, including McAlister’s Deli, Learning Express Toys, Snip-Its, Blush Boutique, Tulip Boutique and Regional Finance. Harrison Creason and Andrew Margulies of Marcus & Millichap represented the seller, a local family partnership that owns and manages shopping centers throughout the Southeast. The property has been under single ownership since construction.

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GeorgiaLeasing ActivityOfficeSoutheast

Colliers Arranges 26,285 SF Office Lease in Alpharetta, Georgia

by John Nelson

ALPHARETTA, GA. — Colliers has arranged a 26,285-square-foot lease at Preston Ridge III, a six-story office building located at 3460 Preston Ridge Road in Alpharetta, a northern suburb of Atlanta. The undisclosed tenant has previously subleased space at Preston Ridge III. Deming Fish of Colliers represented the landlord, Hobbs Brook Real Estate (HBRE), in the lease transaction. Preston Ridge III is a newly renovated, 146,000-square-foot office property situated off Ga. Highway 400. New touches to the office building include collaborative areas, fitness center with lockers, a refreshed lobby, common areas and EV charging stations.

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Klara-at-Clermont
DevelopmentFloridaMultifamilySoutheast

Woodfield Development Delivers 289-Unit Apartment Complex in Clermont, Florida

by Abby Cox

CLERMONT, FLA. — Woodfield Development has delivered Klara at Clermont, a 289-unit apartment complex located in Clermont, approximately 22 miles west of Orlando. Klara spans six residential buildings and features one-, two- and three-bedroom floorplans ranging in size from 841 square feet to 1,657 square feet, according to Apartments.com. Monthly rental rates begin at $1,798. Carter & Carter Construction served as general contractor, Charlan Brock provided architectural design services and Beasley & Henley handled the interior design. Amenities at the community include a resort-style swimming pool with a sun shelf and poolside cabanas, outdoor grilling terraces and dining areas, a dog park with additional park space, a hammock lawn, fire pit and expansive great lawn, as well as a network of walking trails.

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sutton-row-woodstock
DevelopmentGeorgiaMultifamilySoutheast

Mesa Capital Partners Breaks Ground on 290-Unit Sutton Row Apartment Community in Metro Atlanta

by Abby Cox

WOODSTOCK, GA. — Mesa Capital Partners has broken ground on Sutton Row, a 290-unit apartment community located in the Atlanta suburb of Woodstock. Cadence Bank and Atlantic Union Bank are providing construction financing for the development. The project team comprises Focus Design Interiors (interior designer), English & Associates (architect) and Tri-Bridge Residential (general contractor). Amenities at Sutton Row will include a multi-story clubhouse with a resident coffee bar and market, coworking lounge with private conference space and a fitness center that features a yoga studio and spin room. Residents will also have the chance to enjoy various outdoor spaces such as a resort-style swimming pool, covered pavilion with grilling stations and direct access to the future Cherokee County multiuse trail. Leasing is expected to begin in late 2026, with full completion scheduled for 2027.

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9107 and 9115 Yellow Brick Road
DevelopmentIndustrialMarylandSoutheast

Knott Realty Group Completes Two Baltimore County Industrial Buildings Totaling 276,000 SF

by Abby Cox

ROSEDALE, MD. — Knott Realty Group has completed two industrial buildings located at 9107 and 9115 Yellow Brick Road within Rossville Industrial Park in Baltimore County. 9107 Yellow Brick Road totals 150,492 square feet and offers 46 dock doors, two drive-in doors and 226 parking spaces, while 9115 Yellow Brick Road comprises 125,791 square feet with 38 dock doors, two drive-in doors and 160 parking spaces. Rossville Industrial Park now spans approximately 1 million square feet across nine buildings. The new facilities feature tilt-up construction, 32-foot height ceilings, ESFR sprinklers, high-bay LED lighting and a seven-inch reinforced concrete slab, as well as energy-efficient roofs and HVAC systems. An outside storage lot is also available to support up to 29 trailer drops. Additionally, Knott Realty Group will incorporate solar panels on the rooftops of both buildings and apply for LEED certification. The project team included Baltimore Land Design Group, Geo-Technology Associates, Glen Arm Building Co., Lorax Partnerships, Morris & Ritchie Associates, Venable and Ware Malcomb, with support from Providence Engineering and Paragon Engineering.

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Whole-Foods-Market-Crystal-City-Daily-Shop-Exterior
DevelopmentRetailSoutheastVirginia

Whole Foods Market Daily Shop Opens Fourth Location in Arlington, Virginia

by Abby Cox

ARLINGTON, VA. — Whole Foods Market Daily Shop, the grocer’s smaller format retail concept, has opened its fourth location in the Crystal City neighborhood of Arlington. The grocery store spans 10,000 square feet of retail space, which makes it the largest Whole Foods Market Daily Shop to open and the first location to open outside of New York City. The store features more than 250 local items from the broader Washington, D.C., Maryland and Virginia (DMV) areas. The Arlington store officially opened on Thursday, Oct. 23. Information about the landlord was not released. 

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3074 Chastain Meadows
GeorgiaLeasing ActivityOfficeSoutheast

Colliers Arranges 80,000 SF Office Lease in Kennesaw, Georgia

by Abby Cox

KENNESAW, GA. — Colliers has arranged an 80,000-square-foot office lease at 3074 Chastain Meadows in Kennesaw, a northwest suburb of Atlanta. According to third-quarter research from Lee & Associates, print media services provider Heidelberg USA Inc., the North American subsidiary of the German company Heidelberger Druckmaschinen AG, will fully occupy the single-story building. Deming Fish, Emily Richardson and Mark Maggard of Colliers secured the lease on behalf of the owner, Orion Properties.

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Rollins-Pull-Quote
Company NewsMidwestMississippiOhioSoutheastTexasTop Stories

Huntington Bancshares Agrees to Acquire Cadence Bank for $7.4B

by Taylor Williams

COLUMBUS, OHIO — Columbus, Ohio-based Huntington Bancshares Inc. (NASDAQ: HBAN) has entered into an agreement to acquire Cadence Bank (NYSE: CADE), which has headquarters in Houston and Tupelo, Miss., in an all-stock merger of regional banks that is valued at $7.4 billion. Under the terms of the agreement, Huntington will issue 2.475 shares of common stock for each outstanding share of Cadence common stock. Based on Huntington’s closing price of $16.07 per share on October 24, the last full day of trading before the deal was announced, the consideration implies a purchase price of $39.77 per share. Following the closing, which is expected to occur in the first quarter of 2026, Cadence Bank teams and branches will operate under the Huntington Bank name and brand. Cadence currently has about 390 locations across Texas and the surrounding Southern United States, and the new banking entity will have about $276 billion in assets under management. “This is an important next phase of growth for Huntington,” says Steve Steinour, chairman, president and CEO of Huntington Bancshares. “This partnership will extend the reach of our full franchise to 21 states and into new, high-growth markets for which we have a powerful playbook. Today’s announcement …

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FloridaMarket ReportsOfficeSoutheastSoutheast Market Reports

Orlando’s Suburbs Show Strength With Big Office Deals, Activity

by John Nelson

In the fourth quarter of 2024, the Orlando office market had the first quarter of positive absorption in four years, according to a recent Colliers market report. The market, like many across the nation, has navigated a period of recalibration in the wake of the pandemic and evolving work trends. Yet, a shift in tenant activity has signaled renewed leasing demand across the office landscape. In the fourth quarter, net absorption in the Orlando office market reached a positive 95,843 square feet. This is a significant improvement compared to the same period in 2023, which had a negative absorption of 297,714 square feet. Interestingly, it is the submarkets outside of Orlando’s central business district (CBD) that are shining. This is evident in two recent deals that are having a profound impact on the market. In December, we represented the seller when Charles Schwab purchased the Maitland Summit Office Park for $122 million. This was the largest office deal in Central Florida since 2021 and removed 500,000 square feet of Class A office space from the Maitland submarket, which is about 10 miles north of downtown Orlando.  Around the same time, Mitsubishi signed a lease for 109,000 square feet in Lake …

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