Monday, January 26, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Southeast

AcquisitionsRetailSoutheastVirginia

Greysteel Negotiates $9M Sale of Laburnum Park Shopping Center in Richmond

by John Nelson

RICHMOND, VA. — Greysteel has negotiated the $9 million sale of Laburnum Park Shopping Center, a 61,060-square-foot retail center located at 4320, 4356 and 4396 S. Laburnum Ave. in Richmond. Oklahoma-based The Criterion Fund purchased the property from the seller, a private individual. Ben Wilson of Greysteel represented the seller in the transaction and procured the buyer. The seller received 10 competitive offers during marketing, according to Greysteel. Laburnum Park Shopping Center features two in-line retail buildings, a standalone retail pad and a bank pad.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsRetailSouth CarolinaSoutheast

Marcus & Millichap Arranges $7.1M Sale of Two Vacant Retail Properties in Columbia

by John Nelson

COLUMBIA, S.C. — Marcus & Millichap has arranged the $7.1 million sale of two vacant retail buildings located on a 3.2-acre site at 3818 Devine St. in Columbia. The 38,816-square-foot property was home to a Piggly Wiggly for more than 40 years before the grocer closed in April. Harrison Creason and Andrew Margulies of Marcus & Millichap brokered the transaction between the seller, an out-of-state owner, and the buyer, locally based Cason Development Group.

Continue Reading
FacebookTwitterLinkedinEmail
GITC
AcquisitionsGeorgiaIndustrialMassachusettsNortheastSouth CarolinaSoutheastTop Stories

Hines Acquires Three East Coast Industrial Assets for $309M

by Hayden Spiess

HOUSTON — Hines Global Investment Trust (HGIT), a real estate investment trust (REIT) sponsored by Houston-based global asset manager Hines, has acquired three industrial assets located on the East Coast for a total $309 million.  The acquired properties include two distribution facilities situated within the Georgia International Trade Center (GITC) in the Savannah market and two warehouse/distribution facilities located in Upton Crossing, a warehouse campus in Wilmington, Mass. The Davis Cos., a real estate investment and development firm based in Boston, sold both assets, which total 2.5 million square feet. Additionally, HGIT acquired I-85 Logistics Center, an industrial property in the Greenville-Spartanburg metro in South Carolina’s Upstate region. The seller of I-85 Logistics Center was not disclosed. The properties in Savannah total 2.2 million square feet and were fully leased at the time of sale. A joint venture between Davis and Atlanta-based Stonemont Financial Group developed GITC, which comprises a total 7.7 million square feet of manufacturing and warehouse space across 10 buildings. The site is located roughly 10 miles from the Port of Savannah.  Totaling 215,000 square feet, the properties at Upton Crossing in Wilmington were 81 percent leased at the time of acquisition. Davis acquired Upton Crossing in …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialKentuckySoutheast

Hunt Midwest Breaks Ground on 775,000 SF Industrial Development in Simpsonville, Kentucky

by John Nelson

SIMPSONVILLE, KY. — Kansas City-based Hunt Midwest has broken ground on the first two buildings at Simpsonville 64 Logistics Park, a 275-acre development near I-64 in metro Louisville. The first two buildings will be situated on 69 acres and feature a 270,400-square-foot, rear-load building (Building I) and a 504,440-square-foot, cross-dock facility (Building II). Building I will feature 32-foot clear heights, 27 dock-high doors (expandable up to 64), two drive-in doors, 210 car parking spaces and 80 tractor trailer parking spaces. Building II will offer 36-foot clear heights, 48 dock-high doors (expandable up to 117), four drive-in doors, 310 car parking spaces and 140 tractor trailer parking spaces. Both are tilt-up concrete panel construction with a minimum of 135-foot truck courts, 60-foot speed bays at docks, ESFR fire suppression, LED lighting and speculative office space. Both facilities will be delivered in first-quarter 2026 within 30 days of each other. The design-build team includes H2B Architects, Mindel Scott and Evans General Contractors. At full build-out, Simpsonville 64 Logistics will support up to 3.3 million square feet of industrial and commercial space. Kevin Grove, Doug Butcher and Alex Grove of CBRE are handling industrial leasing at Simpsonville 64 Logistics Park. Jody Zimmerman and …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialSouth CarolinaSoutheast

Equity Industrial Partners Delivers 384,800 SF Industrial Facility Near Charleston for RoadOne

by John Nelson

SUMMERVILLE, S.C. — New England-based Equity Industrial Partners (EIP) has delivered a 384,800-square-foot industrial facility located at 1932 Dawson Branch Extension in Summerville, a suburb of Charleston. EIP, along with general contractor Frampton Construction, delivered the build-to-suit on behalf of Massachusetts-based RoadOne IntermodaLogistics Inc. The property features 100 dock doors, one drive-in ramp and 5,600 square feet of office space. The facility is situated on the Kelly Branch Tract, a 95-acre site that EIP acquired in 2023. RoadOne’s building is the first of three phases planned for the site. Phase II is currently being permitted for an additional warehouse or manufacturing facility totaling approximately 300,000 square feet.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentHealthcareMultifamilyOfficeSoutheastVirginia

Advantage Capital Closes Financing for $51M Office-to-Residential Conversion Project in Falls Church, Virginia

by John Nelson

FALLS CHURCH, VA. — Advantage Capital has closed on the financing for Telestar Court, a $51 million office-to-residential conversion project in Falls Church, a Northern Virginia suburb of Washington, D.C. The developer is a joint venture between Conifer Realty and Joseph Browne Development Associates. Set for completion in spring 2027, the redeveloped site will deliver 80 apartments (36 one-bedroom and 44 two-bedroom) for low- to moderate-income residents earning 30 percent and 80 percent of the area median income (AMI). The property was formerly a medical office building. Advantage Capital leveraged $15 million in low-income housing tax credits (LIHTCs) in connection with the Virginia Housing Opportunity Tax Credit (HOTC) program to help fund the conversion project.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentFloridaMultifamilySoutheast

McDowell Housing Partners to Develop 144-Unit Affordable Housing Community in Fort Myers

by John Nelson

FORT MYERS, FLA. — McDowell Housing Partners, an affordable housing developer and investor with offices in Miami and Dallas, plans to develop Ekos on Evans, a 144-unit community in Fort Myers. The firm recently closed on the acquisition of the 9.3-acre site at 3501 Evans Ave., which is situated less than two miles from downtown Fort Myers. Set for completion in fourth-quarter 2026, Ekos on Evans will feature five garden-style apartment buildings housing one-, two- and three-bedroom units ranging in size from 644 to 1,161 square feet. The units will be income-restricted for households earning 30, 60 and 70 percent of the area median income (AMI). Amenities will include a clubhouse, computer room, fitness room, terrace, grills, swimming pool, playground/tot lot and a dog park. McDowell Housing is receiving $17 million in support through Lee County’s Community Development Block Grant-Disaster Recovery funding, which is designated for areas impacted by Hurricane Ian. The developer is also using 4 percent low-income housing tax credits (LIHTC) to fund the development.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLoansMultifamilySoutheast

CBRE Arranges $47M Refinancing for Apartment Community in Navarre, Florida

by John Nelson

NAVARRE, FLA. — CBRE has arranged a $47 million loan for the refinancing of Elevate Navarre, a 332-unit apartment community located at 1900 Elevate Ave. in Navarre, a beach city situated near Pensacola, Fla. Blake Cohen of CBRE Capital Markets’ Debt & Structured Finance team in Atlanta arranged the three-year, fixed-rate, interest-only loan on behalf of the sponsor and developer, Branch Properties. Voya Investment Management provided the loan, which the Atlanta-based sponsor will use to refinance its existing construction loan. Built in 2022 adjacent to a Publix-anchored shopping center, Elevate Navarre features 11 three-story residential buildings and a clubhouse/leasing center. The property offers one-, two- and three-bedroom apartments with five different floor plans averaging 893 square feet in size. Amenities include a resort-style pool with sun deck, club room with lounge area and billiards, outdoor kitchen/dining area, fitness center with Peloton bikes, pet spa and 565 surface-level parking spaces.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaLoansMultifamilySoutheastTop Stories

13th Floor, Barings Receive $125M Construction Loan for Phase II of Miami Transit-Oriented Multifamily Development

by Kristin Harlow

MIAMI — South Florida-based developer 13th Floor Investments, in partnership with Barings, has received a $125 million construction loan for the second phase of Link at Douglas, a transit-oriented multifamily development in Miami. A syndicate of Santander Bank and TD Bank provided the loan. Known as Cadence, the project marks the third multifamily building at Link at Douglas, a 7-acre development located at the confluence of Miami’s Coral Gables and Coconut Grove neighborhoods. Now under construction, the 35-story tower will include 432 market-rate apartments, 12.5 percent of which will be set aside as workforce housing units. The project is adjacent to Miami-Dade County’s Douglas Road Metrorail Station. Construction is estimated to take 33 months to complete. “Securing this construction financing marks a major milestone in bringing the next phase of Link at Douglas to life,” says Daryl Shevin, CFO of 13th Floor. “It reflects strong confidence in our vision and the demand for well-located, high-quality transit-oriented housing in South Florida.” The first phase of Link at Douglas, which was completed in 2023, encompasses two fully leased multifamily towers with a total of 733 apartments. More than 30,000 square feet of retail space anchored by a Milam’s Market accompanies the 312-unit …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaMultifamilySoutheast

Mesa Capital Breaks Ground on Apartment Community Near Tallahassee

by John Nelson

BRADFORDVILLE, FLA. — Mesa Capital Partners has broken ground on The Bradbury at Bannerman Village, an apartment community located on a 14-acre site in Bradfordville, a city located north of downtown Tallahassee. The property will be located at Bannerman and Bull Headley roads within the Bannerman Village master-planned community. Situated near a Publix and the Landon Hill for-sale homes, The Bradbury will comprise two-story carriage homes and three-story walk-up buildings. Amenities will include a clubhouse, fitness center, sundry market, resort-style pool with grilling stations, dog park, EV charging stations and garage parking. Cadence Bank and SouthState Bank provided an undisclosed amount of construction financing to Mesa Capital Partners for the project, which will begin leasing in mid-2026 and be fully delivered in early 2027. The design-build team includes general contractor The Crown Group and architect The Coursey Group.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts