Monday, April 13, 2026
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DevelopmentHospitalitySoutheastTennessee

CBL Properties, Vision Hospitality Break Ground on Aloft by Marriott in Chattanooga

by Alex Tostado

CHATTANOOGA, TENN. — CBL Properties and Vision Hospitality Group Inc. have broken ground on a 135-room Aloft by Marriott in Chattanooga. The project is part of a redevelopment plan for a former Sears location at Hamilton Place mall. Aloft Chattanooga Hamilton Place will be located between The Cheesecake Factory and the future Dave & Buster’s. Amenities will include an urban-inspired design with loft-like guestrooms featuring nine-foot ceilings and keyless entry using a smartphone or Apple Watch. The hotel will be situated about 12 miles east of downtown Chattanooga.

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AcquisitionsDevelopmentNorth CarolinaRetailSoutheast

Konover South Acquires Land Near Charlotte Premium Outlets, Plans 32,000 SF Retail Center

by Alex Tostado

CHARLOTTE, N.C. — Konover South LLC has acquired a six-acre parcel for $4.8 million with plans to develop a 32,000-square-foot retail center. Located near Charlotte Premium Outlets, Freeman Retail Crossing will include a national steak restaurant, banking, mobile services and healthcare tenants. Konover South plans to break ground in early 2020 and expects to deliver Freeman Retail Crossing in the second quarter of 2021. The land is located on Steele Creek Road near I-485 in southwestern Charlotte.

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AcquisitionsFloridaRetailSoutheast

Marcus & Millichap Arranges $14.3M Sale of Retail Property in Southwest Florida

by Alex Tostado

CAPE CORAL, FLA. — Marcus & Millichap has arranged the $14.3 million sale of Towers I and Towers II, a 72,453-square-foot retail property in Cape Coral. The asset, located at 2612-2708 Santa Barbara Blvd., was 89 percent leased at the time of sale to tenants including Five Guys Burgers & Fries, Firehouse Subs, Sylvan Learning of Cape Coral, Anytime Fitness, Sumaq Peruvian Cuisine Bar & Grill and Tony’s Jewelry. Jim Shiebler, James Garner and James Medefind of Marcus & Millichap represented both the buyer, a private investor, and the seller, a personal trust, in the transaction.

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FloridaLoansMultifamilySoutheast

Hunt Real Estate Provides $53M Refinancing for Apartment Complex in Metro Orlando

by Alex Tostado

CLERMONT, FLA. — Hunt Real Estate Capital has provided a $53 million Fannie Mae refinancing for Vista at Lost Lake, a 468-unit, garden-style apartment community in Clermont. The undisclosed borrower has made renovations throughout the property, including adding a clubhouse, fitness center and leasing center. The borrower plans to make several more upgrades with the new loan. Vista at Lost Lake offers one-, two- and three-bedroom floor plans. Communal amenities include two swimming pools, a maintenance shop, central mailbox center, and a clubhouse, which contains a community room, kitchen, fitness center, guest center, game room and indoor basketball court.

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FloridaLoansMultifamilySoutheast

Preferred Apartment Communities Funds $10.9M Investment Loan for Multifamily Property in Orlando

by Alex Tostado

ORLANDO, FLA. — Preferred Apartment Communities Inc. has provided a $10.9 million investment loan for TDK Development’s Vintage Horizon West project. Vintage Horizon West is a planned 340-unit multifamily property in Orlando’s Horizon West neighborhood. With the investment, PAC will have the option to acquire the community following stabilization. The property will offer one-, two- and three-bedroom floor plans. TDK expects to complete the project in two years.

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AcquisitionsCompany NewsFloridaRetailSoutheast

Cracker Barrel Acquires Maple Street Biscuit for $36M

by Alex Tostado

JACKSONVILLE, FLA. — Cracker Barrel Old Country Store Inc. has acquired Maple Street Biscuit Co. for $36 million in an all-cash deal. Maple Street’s portfolio comprised 28 company-owned and five franchise-owned restaurants in seven states at the time of sale. The company plans to convert its Holler & Dash Biscuit House into Maple Street Biscuit locations. Scott Moore and Gus Johnson founded Maple Street in Jacksonville in 2012. Moore will stay on as CEO and will report to Sandra Cochran, president and CEO of Cracker Barrel.

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AcquisitionsFloridaOfficeSoutheast

Bridge Investment Group Purchases 259,666 SF Office Tower in Downtown Miami

by Alex Tostado

MIAMI — Bridge Investment Group LLC has purchased Museum Tower, a 29-story, 259,666-square-foot office building in downtown Miami. The property is located 150 W. Flagler St. The tower was originally built in 1986 and has undergone $3 million worth of renovations since 2016. Bridge plans to invest an additional $4.5 million for amenities and other enhancements, including restroom upgrades and new common area finishes throughout, the addition of a building conference center and lobby, and exterior improvements. Bridge Commercial Real Estate LLC will oversee all property management and redevelopment work at Museum Tower. Renovations will begin immediately, with completion scheduled for 2020. José Lobón and Christian Lee of CBRE represented the undisclosed seller in the transaction. The sales price was not disclosed.

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AcquisitionsFloridaIndustrialSoutheast

Stan Johnson Negotiates Sale of 375,600 SF Distribution Center in Central Florida

by Alex Tostado

OCALA, FLA. — Stan Johnson Co. has negotiated the sale of a 375,600-square-foot distribution center in Ocala. Custom Window Systems fully occupies the building, using it for company headquarters, manufacturing and distribution. Custom Window Systems has 15 years left on a triple-net lease. The company has occupied the building since it was constructed in 2006. In 2017, the facility was expanded by 150,000 square feet. Sky Management Services acquired the building for an undisclosed price. The property was listed for more than $28 million. Mollie Alteri, Joey Odom, Mike Sladich, and Maggie Holmes of Stan Johnson Co. represented the seller, a New York City-based institutional investor.

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AcquisitionsMarylandMultifamilySoutheast

Greysteel Arranges $15.2M Sale of VistaView Apartments in Suburban Maryland

by Alex Tostado

FREDERICK, MD. — Greysteel has arranged the $15.2 million sale of VistaView Apartments, a 70-unit apartment complex in Frederick. Ausherman Development Corp. sold the property to an undisclosed buyer at $214,285 per unit. VistaView comprises four five-story buildings and offers two-bedroom floor plans averaging 1,336 square feet. Communal amenities include a BBQ area, and access to three swimming pools, two basketball courts and three parks. The asset was delivered in 2014.

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