Southeast

Transwestern Acquires Development Site Near Port of Savannah, Plans 528,560 SF Industrial Development

by John Nelson December 1, 2025

RINCON, GA. — Transwestern Development Co., along with joint venture partner Transwestern Investment Group, has purchased a 30.7-acre site in Effingham County on behalf of a separately managed account. The ownership group plans to develop two Class A industrial buildings on the site, which is situated within North Gate Industrial Park. The project will include a 240,560-square-foot rear-load building and a 288,000-square-foot front-load building, each designed with 36-foot clear heights, ESFR systems, dock-high doors, multiple points of ingress and egress, 2,500 square foot office suites and ample car parking and onsite trailer storage. Situated near the intersection of Ga. Highway 21 and Old Augusta Road in Rincon, the development will provide direct access to interstates 95 and 16 and offer drayage routes from the Garden City Terminal at the Port of Savannah. The project team includes The Conlan Co., Randall-Paulson Architects and Kern & Co. JLL will provide leasing services. Transwestern plans to begin construction before the end of the year and complete the shell of the two buildings by year-end 2026.

December 1, 2025

Acquisitions Mississippi Seniors Housing Southeast

SLIB Negotiates Sale of 140-Unit Seniors Housing Community in Ocean Springs, Mississippi

by John Nelson December 1, 2025

OCEAN SPRINGS, MISS. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Ocean Springs along the Mississippi Gulf Coast. Totaling 140 units, the property features 18 independent living apartments, 60 assisted living residences and 62 memory care units. According to SLIB, the community was stabilized at the time of sale. The seller, the partnership that developed the asset, is exiting the seniors housing sector. A Southeast-based owner and operator with an existing presence in the state acquired the community for an undisclosed price. Daniel Geraghty and Bradley Clousing of SLIB brokered the transaction on behalf of the seller.

December 1, 2025

Acquisitions Arkansas Hospitality Southeast

Marcus & Millichap Brokers Sale of 88-Room Homewood Suites Hotel in Fort Smith, Arkansas

by John Nelson December 1, 2025

FORT SMITH, ARK. — Marcus & Millichap has brokered the sale of an 88-room Homewood Suites hotel located at 7300 Phoenix Ave. in Fort Smith. The sales price was not disclosed for the transaction, which is part of a two-property portfolio deal that included a Home2 Suites in Fort Smith. Chris Gomes and Steve Greer of Marcus & Millichap, along with Allan Miller of the firm’s Miller-Gomes Hotel Team, represented the seller, an entity doing business as Heritage Hotel Group LLC, and procured the buyer, a Texas-based entity doing business as FortSmith RA HS Hotel LLC.

December 1, 2025

Louisiana Market Reports Multifamily Southeast Southeast Market Reports

Metro New Orleans Multifamily Market Remains Balanced 20 Years Post-Katrina

by John Nelson December 1, 2025

August 29, 2005 — a day no New Orleanian will forget: Hurricane Katrina. It has been two decades since the levees were breached and flood waters took over the city’s streets, homes and businesses. It was an event that changed the trajectory of the city of New Orleans. Twenty years later and the resiliency of New Orleans to always push on is evidenced by the stability of our multifamily market. Through a period of demolition, renovation and rebuilding, the overall market remains stable. The barriers to entry in the Metro New Orleans multifamily market are significant, and today as in the past, the equilibrium between supply and demand remains in sync. Like other Sun Belt markets, insurance premiums, interest rates and affordability are factors. However, they have not been a deterrent to the viability of the market or interest from investors and the capital markets. Our inventory of more than 55,000 units (professionally managed) spread out over seven parishes, remains strong. Overall metro occupancy is being reported between 92 to 94 percent with average rents of $1,300 per month. Parish by parish Eastern New Orleans and Algiers, which each have an inventory of approximately 4,000 units, offers the most affordable …

December 1, 2025

Development Florida Leasing Activity Mixed-Use Restaurant Retail Southeast

Torburn Signs Whole Foods to Anchor Mixed-Use Redevelopment of Sarasota Square Mall

by John Nelson November 26, 2025

SARASOTA, FLA. — Torburn Partners has announced plans for Sarasota Square, the redevelopment of the former Sarasota Square Mall. The Chicago-based developer signed leases with Whole Foods Market and HomeSense to anchor the first phase of the 96-acre mixed-use project. The retail portion is under construction, and the multifamily component will break ground in first-quarter 2026. Full plans for Sarasota Square include 1,200 luxury residential units; 530,000 square feet of retail, restaurant, and commercial space; and open-air gathering space for social events and community programming. Whole Foods will occupy a 35,828-square-foot grocery store, and HomeSense will occupy a 24,214-square-foot store. Other committed tenants include Chipotle Mexican Grill, CAVA Mediterranean, Joe & The Juice and Charles Schwab, which will open a 5,163-square-foot bank branch. Rod Castan and Alyona Tsutskova of Metro Commercial Real Estate are leading the retail leasing assignment at Sarasota Square on behalf of Torburn Partners.

November 26, 2025

Industrial Leasing Activity Southeast Virginia

Matan Inks 219,456 SF Industrial Lease With DSV in Stafford, Virginia

by John Nelson November 26, 2025

STAFFORD, VA. — Matan Cos. has signed DSV, a global transport and logistics firm headquartered in Denmark, to a full-building lease in Stafford. Named Crossroads Industrial, the 219,456-square-foot building features 32-foot clear heights, 50- by 52-foot column spacing, 64 dock doors, LED lighting, ESFR sprinklers and 20 trailer and 323 car parking spaces. The facility sits within the region’s I-95 industrial corridor and lies equidistant between Richmond and Washington, D.C. Matan, which is based in Frederick, Md., plans to soon launch Venture Industrial, another industrial facility located in Stafford County.

November 26, 2025

Development North Carolina Southeast Student Housing

Landmark-Led Group Acquires 40-Acre Site Near Appalachian State University, Plans Cottage-Style Student Housing Development

by John Nelson November 26, 2025

BOONE, N.C. — A joint venture between Landmark Properties, HC2 Capital and Peninsula Investments has acquired a 40-acre development site near the Appalachian State University campus in Boone. The parcel will be home to a 625-bed student housing community dubbed The Retreat at Boone. The development will offer 148 cottage-style units in three- through five-bedroom configurations with bed-to-bath parity. Shared amenities are set to include a resort-style pool and spa with cabanas and hammocks; a jumbotron; fire pit and grilling areas; a skate park; fitness center; golf simulator; recreational lawn games; and a computer lab. The development team for the project, which is scheduled for completion ahead of Appalachian State’s 2027-2028 academic year, includes Landmark Construction and Niles Bolton Associates. Trustmark Bank and First Financial Bank provided construction financing.

November 26, 2025

Acquisitions Florida Industrial Southeast

Viking Partners, Decker Capital Purchase Industrial Portfolio in Jacksonville for $26.5M

by John Nelson November 26, 2025

JACKSONVILLE, FLA. — A joint venture between Cincinnati-based Viking Partners and Decker Capital has acquired an eight-building industrial portfolio in Jacksonville for $26.5 million. The multi-tenant portfolio spans 198,360 square feet and is situated in the city’s Southside industrial submarket near the Port of Jacksonville. The portfolio was roughly 90 percent leased at the time of sale and represents Viking’s second industrial acquisition in Florida this year.

November 26, 2025

Industrial Loans North Carolina Southeast

MMCC Arranges $8.9M Loan for Industrial Property in Robersonville, North Carolina

by John Nelson November 26, 2025

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.

November 26, 2025

Development Industrial Leasing Activity South Carolina Southeast

Glenstar Inks 1.3 MSF Industrial Lease with First Solar at CCC-85 Project in Gaffney, South Carolina

by John Nelson November 25, 2025

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.

November 25, 2025

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