Monday, August 25, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Southeast

publix-northcarolina
Leasing ActivityNorth CarolinaRetailSoutheast

Pappas Properties Signs Publix to 50,000 SF Lease at Cadia Matthews Development in Metro Charlotte

by Abby Cox

MATTHEWS, N.C. — Development firm Pappas Properties has executed a 50,000-square-foot lease with Publix to anchor the retail component of Cadia Matthews, an 82-acre master-planned community located in Matthews, a southeastern suburb of Charlotte. The new Publix store will feature a full-service pharmacy with a drive-thru. Construction is scheduled to begin in summer 2026 and will employ approximately 150 associates upon completion. According to The Charlotte Observer, the store is expected to open by late 2027. Along with the Publix, Cadia Matthews will feature a mix of retail and dining options, as well as a community park with a performance stage. The Morgan Cos. represented Publix Super Markets in the lease negotiations.

Continue Reading
FacebookTwitterLinkedinEmail
Market ReportsNorth CarolinaOfficeSoutheastSoutheast Market Reports

Charlotte’s Office Market Shows a Shift Toward Expansion, Long-Term Leasing

by John Nelson

The momentum in Charlotte’s office market continues into 2025, showcasing a strong first quarter marked by positive net absorption and a surge in multi-market tenant prospects. We are currently seeing three times as many expansions as downsizing among tenants, indicating a psychological shift among decision-makers across various industries. Despite some large vacancies affecting the overall market rate, the narrative on the ground in Charlotte is one of optimism and urgency. A few factors contribute to this trend, including companies are increasingly bringing employees back to the office, and those that overcorrected their space needs post-pandemic are reassessing their strategies. Particularly interesting is the demand for Class A office space in Charlotte, a thriving Sun Belt market. The most sought-after buildings in prime locations are nearly full, leading to reduced concessions and rising rents. This stands in stark contrast to reports of distressed assets negatively impacting modern office investments.  Furthermore, the number of quality subleases are limited, and new construction is expected to come to a halt soon, particularly as remaining spaces in 110 East and Legacy Union are leased, most likely by year-end. If last year is any indication of a fundamental positive shift in the office sector, we can …

Continue Reading
FacebookTwitterLinkedinEmail
Company NewsGeorgiaRetailSoutheastTennessee

Pinnacle Financial, Synovus Agree to $8.6B Merger, Operate Under Pinnacle Brand

by John Nelson

NASHVILLE, TENN. AND COLUMBUS, GA. — Pinnacle Financial Partners (NASDAQ: PNFP) and Synovus Financial Corp. (NYSE: SNV) have entered into a definitive agreement to combine operations in an all-stock transaction valued at $8.6 billion. The price reflects the closing stock prices for the two companies on July 21, the latest date unaffected by the merger announcement — $116.83 per share for Pinnacle and $55.53 for Synovus. Under terms of the agreement, Pinnacle shareholders will own approximately 51.5 percent of the combined company, which will operate under the Pinnacle name and trade under the PNFP ticker symbol on the New York Stock Exchange. Pinnacle Financial will move its headquarters to Atlanta while the retail bank branch division of the combined company, which will operate under the Pinnacle Bank brand, will be based in Nashville. As of June 30, Synovus operates 244 bank branches in Georgia, Alabama, Florida, South Carolina and Tennessee. Pinnacle operates 179 bank branches in Tennessee, Virginia, North Carolina, South Carolina, Georgia, Alabama, Kentucky and Florida, according to the FDIC. The Pinnacle-Synovus merger will create the largest bank holding company in Georgia and the largest bank in Tennessee. The transaction, which is expected to close in first-quarter 2026, has …

Continue Reading
FacebookTwitterLinkedinEmail
Munters Build-to-Suit Phase II
DevelopmentIndustrialSoutheastVirginia

Graham & Co. Breaks Ground on 200,000 SF Build-to-Suit Industrial Facility in Roanoke, Virginia

by Abby Cox

ROANOKE, VA. — Alabama-based Graham & Co. has broken ground on a 200,000-square-foot industrial facility in Roanoke for Munters, a Swedish global climate solutions provider. Graham & Co. is serving as the developer for the build-to-suit project, while ARCO Design/Build will serve as general contractor. Additionally, Graham Capital will provide equity and source financing for the project. The development — dubbed Munters Build-to-Suit Phase II — will act as the sister building to Munters’ existing 365,000-square-foot facility, which was completed in 2020. Munters has signed a long-term lease for the new facility, which will be expandable up to 278,000 square feet.

Continue Reading
FacebookTwitterLinkedinEmail
LifeScience Logistics LLC
AcquisitionsIndustrialLeasing ActivityNorth CarolinaSoutheast

JLL Brokers Sale of 250,541 SF Industrial Facility in Durham Leased to LifeScience Logistics

by Abby Cox

DURHAM, N.C. — JLL Capital Markets has brokered the sale of LifeScience Logistics at Durham 85, a 250,541-square-foot industrial facility situated at 2360 Ferrell Road within Durham 85 Industrial Park. The facility, which is located 10 miles from Research Triangle Park, is fully leased by LifeScience Logistics LLC, a supply chain service provider in the healthcare and pharmaceutical industries. The facility features 32-foot clear heights, ESFR fire suppression and energy-efficient LED lighting throughout the property. Dave Andrews, Pete Pittroff, Michael Scarnato and Mike Lewis of JLL represented the seller, a joint venture between Scannell Properties and Manulife Investment Management, in the transaction. Mississippi-based EastGroup Properties purchased the facility for an undisclosed price.

Continue Reading
FacebookTwitterLinkedinEmail
Festival South Aerial
AcquisitionsDevelopmentFloridaIndustrialSoutheast

Foundry, Crow Holdings Acquire 10-Acre Site in Pompano Beach, Plan 182,000 SF Industrial Campus

by Abby Cox

POMPANO BEACH, FLA. — A partnership between Foundry Commercial’s Development & Investments platform and Crow Holdings Capital has acquired Festival South, a 10-acre former parking lot site located in Pompano Beach. The site will be redeveloped into a two-building industrial campus that totals 182,000 square feet. The new campus, which will be situated at the corner of NW 33rd Street and NW 27th Avenue near Fort Lauderdale-Hollywood International Airport, marks Foundry’s 21st development in the South Florida market. Further details about Festival South were not released.

Continue Reading
FacebookTwitterLinkedinEmail
330-south-tyron
Leasing ActivityNorth CarolinaOfficeSoutheast

Ferncroft Capital Completes Renovations for 330 South Tryon Office Building in Uptown Charlotte

by Abby Cox

CHARLOTTE, N.C. — Ferncroft Capital has completed several renovations at 330 South Tryon, a 65,544-square-foot boutique office building in Uptown Charlotte. The property’s refresh includes new finishes throughout the building and enhanced features in the lobby, elevator cabs and parking garage; a modernized exterior with signage opportunities for prospective tenants; and flexible floorplates to accommodate a variety of users. Home to the Charlotte Regional Business Alliance, the five-story office building currently has 38,338 square feet of office space available for lease. Elizabeth McMillan, Emily Hill and Kennedy Fertitta of JLL are leading leasing efforts at the property on behalf of Ferncroft Capital.

Continue Reading
FacebookTwitterLinkedinEmail
One Rosslyn
Company NewsDevelopmentMixed-UseSoutheastTop StoriesVirginia

Penzance Receives Approval for 970,000 SF Mixed-Use Development in Arlington, Virginia

by Abby Cox

ARLINGTON, VA. — Penzance, a locally based commercial real estate development and management firm, has received approval from Arlington County for a proposed three-tower, luxury mixed-use development in Arlington’s Rosslyn district. Dubbed One Rosslyn, the new development will deliver more than 970,000 square feet of rental apartments, for-sale residential condominiums and retail space along Gateway Park, which will replace the current Rosslyn Gateway office buildings. Upon completion, One Rosslyn will deliver a total of 845 residential units. Penzance is developing the project in partnership with Boston-based investment manager The Baupost Group. STUDIOS Architecture and Hickok Cole collaborated to design the three-tower composition. One Rosslyn’s south tower will stand the tallest at 300 feet, while delivering 461 residences across 434,000 square feet. The northwest apartment tower, which is the second tallest building, will span 356,000 square feet and include 311 rental units. Lastly, the project’s northeast tower will offer 73 for-sale condominiums across 195,000 square feet. Residents will also have access to a private, 30,000-square-foot landscaped terrace overlooking Gateway Park. Additionally, the ground level will provide more than 14,000 square feet of curated retail space along all four blocks of the property. Designed to enhance walkability and encourage multimodal transportation, public spaces …

Continue Reading
FacebookTwitterLinkedinEmail
Brandon Rowe Bohler quote smaller sites
BohlerContent PartnerDevelopmentFeaturesMidwestMultifamilyNortheastSeniors HousingSoutheastTexasWestern

Innovative Design Can Promote Positive Outcomes for Continuum of Care Residents

by Sarah Daniels

As the demand for senior living communities continues to rise, so does the complexity of designing environments that meet the evolving needs of residents across the entire continuum of care. Facilities that seek to cater to independent living, assisted living, memory care, skilled nursing and rehabilitation needs must strike a balance: fulfilling stringent functional and regulatory requirements while remaining inviting, promoting connection to nature and others and offering comfort for people of all ages and abilities. The biggest challenge, according to designers and seniors housing experts alike, is “seamlessly weaving protective elements, like perimeter security or grade changes, into a design that feels warm and inclusive, not institutional,” explains Adam Alexander, director of planning, landscape architecture and design at Bohler, a land development design and consulting firm. “Features like fences or bollards don’t need to be emphasized as one-note safety features. They should be invisible contributors to a resident’s experience of comfort and care.” An overall trend toward smaller sites for seniors housing means that continuum of care communities are innovators in inclusive and multi-purpose space use. They may also serve to address increasing calls for solutions to the loneliness epidemic ongoing in the lives of many adults. While less square …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialLoansSouth CarolinaSoutheast

Appian Investments Secures Construction Financing for 182,000 SF Industrial Development in Greenville

by John Nelson

GREENVILLE, S.C. — Appian Investments has secured joint venture equity with Harbert Management Corp. for the development of Magnolia Grove, a two-building industrial development located at U.S. Route 25 and Bethuel Church Road in Greenville. Patterson Real Estate Advisory Group arranged the equity placement. Situated within three miles of both I-85 and I-185, Magnolia Grove will span 182,000 square feet across two shallow-bay buildings, both of which will be constructed with tilt-wall concrete. The facilities will feature 24-foot clear heights and a 200-foot asphalt truck court. The construction timeline was not released.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts