Tuesday, July 7, 2026
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Southeast

GeorgiaIndustrialLeasing ActivitySoutheast

Kumho Tire Fully Leases 428,160 SF Industrial Facility in McDonough, Georgia

by John Nelson

MCDONOUGH, GA. — Atlanta-based tire manufacturer Kumho Tire USA has fully leased 210 Interstate South Drive, a 428,160-square-foot cross-dock industrial facility located in the south Atlanta suburb of McDonough. Price Weaver and Hooper Wilkinson of Colliers represented the tenant in the lease negotiations. Bob Currie, Brad Pope, Reed Davis and Hannah Dillard of JLL represented the landlord, Dermody Properties. The distribution center is located less than one mile from I-75 and 24 miles from Hartsfield-Jackson Atlanta International Airport. The facility features 28-foot clear heights, 101 dock-high doors, 147 trailer storage spaces and ESFR sprinklers. The property was built in 2000, according to LoopNet Inc.

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AcquisitionsGeorgiaRetailSoutheast

JLL Arranges Sale of Kroger-Anchored Shopping Center in Snellville, Georgia

by John Nelson

SNELLVILLE, GA. — JLL has arranged the sale of Presidential Commons, a 264,271-square-foot shopping center located in Snellville, a northeast suburb of Atlanta. Kroger anchors the property, which was 89 percent leased at the time of sale. Other tenants at the center include Petco, Ulta Beauty, Burlington, Five Below and Aaron’s. SITE Centers sold the property to Sterling Organization for an undisclosed price. Jim Hamilton, Brad Buchanan, Andrew Michols and Anton Serafini of JLL represented the seller in the transaction.

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Build-to-RentDevelopmentMultifamilySingle-Family RentalSouth CarolinaSoutheast

East West, Holder Break Ground on 50-Unit Build-to-Rent Community on Daniel Island in Charleston

by John Nelson

CHARLESTON, S.C. — East West Partners and Holder Properties have broken ground on Fenland, a 50-unit build-to-rent community located on Daniel Island in Charleston. The townhome property will be situated on 5.5 acres within Nowell Creek Village, a 36-acre waterfront community. Upon completion, Fenland will feature three- and four-bedroom, three-story rental townhomes ranging in size from 2,100 to 2,400 square feet. Amenities will include two-car attached garages, a private swimming pool, community grill and fire pit and a landscaped courtyard along with access to Daniel Island’s network of trails, a community dock and park and planned waterside dining and retail options. East West Hospitality will manage Fenland, which will begin preleasing in early 2025 with move-ins expected by spring 2025.

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DevelopmentGeorgiaRetailSoutheast

Ackerman & Co., Novare to Develop 13,275 SF Strip Retail Center in Metro Atlanta

by John Nelson

SUGAR HILL, GA. — Ackerman & Co. has formed a partnership with Novare Group to develop an unanchored retail center in Sugar Hill, a northeast suburb of Atlanta in Gwinnett County. The project will comprise two buildings spanning 6,035 square feet and 7,240 square feet adjacent to Novare’s 306-unit Conclave Sugar Hill multifamily community, which was delivered recently. Kelly Wilson of Ackerman Retail, a division of Ackerman & Co., will spearhead the leasing efforts for the project, which will be developed on a four-acre site on Hillcrest Drive. Ackerman Retail will target homegrown and regional restaurants, fast-casual eateries, boutiques and shops for the project, with flexible space options starting at 1,260 square feet.

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AcquisitionsFloridaOfficeSoutheastTop Stories

JLL Arranges $443M Sale of 701 Brickell Office Tower in Downtown Miami

by Kristin Harlow

MIAMI — JLL Capital Markets has arranged the $443 million sale of 701 Brickell, a trophy office building totaling 685,279 square feet in the heart of downtown Miami’s Brickell financial district. The sale marks the second-largest office transaction in Florida history, according to JLL. Morning Calm Management and its partner purchased the asset from Nuveen Real Estate. Manny de Zarraga, Matt McCormack, Ike Ojala and Hermen Rodriguez of JLL represented the seller and procured the buyer in the transaction. Fronting Brickell Avenue and Biscayne Bay, the property is home to tenants such as Bank of America and Holland & Knight LLP. Amenities include a fitness center, onsite café, in-house beauty salon and conference facilities. The 33-story building was constructed in 1985. Nuveen Real Estate, formerly TIAA Real Estate, acquired 701 Brickell in 2002. Charles Russo led the sale effort on behalf of Nuveen, which completed a $30 million capital renovation plan in 2021. Miami’s Brickell submarket is currently the top performing office market in the United States in terms of occupancy and rent growth, according to JLL. Nuveen Real Estate is one of the largest investment managers globally with $147 billion of assets under management. Morning Calm Management is an …

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AcquisitionsFloridaIndustrialSoutheast

Cushman & Wakefield Brokers $54.6M Sale of Osceola Logistics Center in Kissimmee, Florida

by John Nelson

KISSIMMEE, FLA. — Cushman & Wakefield has brokered the $54.6 million sale of Osceola Logistics Center, an industrial property located at 5010 and 5030 Industrial Lane in Kissimmee. InLight Real Estate Partners and Black Salmon developed and sold the property to Principal Asset Management. Developed earlier this year, the Central Florida facility comprises two distribution facilities totaling 280,800 square feet: Building 200 (147,420 square feet) and Building 100 (133,380 square feet). Osceola Logistics Center was fully leased to a grocery and food service supply chain services company at the time of sale. Mike Davis, Rick Colon, Rick Brugge, Dominic Montazemi, Jared Bonshire and David Perez of Cushman & Wakefield represented the sellers in the transaction.

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AcquisitionsFloridaMultifamilySoutheast

Resia Sells New 390-Unit Apartment Community in Metro Miami

by John Nelson

GOULDS, FLA. — Resia has sold Resia Old Cutler, a 390-unit apartment community located at 22555 S.W. 107th Ave. in Goulds, roughly 30 miles southwest of Miami. Kayne Anderson Real Estate acquired the property — which was completed in 2023 and offers one-, two- and three-bedroom residences — for an undisclosed price. Amenities at Resia Old Cutler include a multipurpose room, fitness center, children’s play area and a swimming pool. Resia will continue to serve as property manager for the community, overseeing day-to-day operations.

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DevelopmentFloridaMultifamilySoutheast

Alliance Residential to Develop 360-Unit Prose Carmina Multifamily Community in Plant City, Florida

by John Nelson

PLANT CITY, FLA. — Alliance Residential Co. has acquired a 15-acre parcel in Plant City, approximately 25 miles northeast of Tampa, with plans to develop a new multifamily project at the site. Dubbed Prose Carmina, the development will total 360 one- and two-bedroom apartments ranging in size from 746 to 1,078 square feet. Amenities at the community will include a swimming pool with sun-shelf seating, a playground, dog park, clubroom with a catering kitchen and entertainment lounge, fitness center and a business center with coworking spaces.  Move-ins are scheduled to begin in early 2026. The project team includes architect Hensley Lamkin Rachel and civil engineer Halff Associates.  Mark Eilers and John Ruscigno of Colliers brokered the land sale.

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FloridaLoansMultifamilySoutheast

Berkadia Provides $54.7M Agency Refinancing for Advenir at the Oaks Apartments Near Orlando

by John Nelson

OCOEE, FLA. — Berkadia has provided a $54.7 million Freddie Mac loan for the refinancing of Advenir at the Oaks, a multifamily community located in Ocoee, roughly 10 miles outside Orlando. Charles Foschini, Christopher Apone, Lourdes Carranza-Alvarez and Shannon Wilson of Berkadia originated the five-year, fixed-rate loan on behalf of the borrower, an entity doing business as Advenir@The Oaks LLC. Built in two phases between 1989 and 1991, Advenir at the Oaks offers one-, two- and three-bedroom apartments. Amenities at the community include swimming pools, a clubhouse with a 24-hour fitness center and business center, a dog park, two laundry facilities, a playground and tennis/pickleball and basketball courts.

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AcquisitionsKentuckyMultifamilySoutheast

Kirkland Co. Arranges Sale of New 216-Unit Reserve at Cool Springs Apartment Community in Elizabethtown, Kentucky

by John Nelson

ELIZABETHTOWN, KY. — The Kirkland Co.  has arranged the sale of The Reserve at Cool Springs, a 216-unit apartment community located in Elizabethtown, roughly 45 miles south of Louisville. Amenities at the property, which features a mix of two- and three-bedroom units, include a clubhouse, swimming pool, fitness center, grilling and outdoor entertainment areas and garage parking. The Reserve at Cool Springs was completed in 2023. Brandon Wilson, Brian Devlin and John Seale of Kirkland Co. brokered the transaction. An entity doing business as The Reserve at Cool Springs Property LLC acquired the community from an entity doing business as Reserve at Cool Springs LLC for an undisclosed price. Monthly rental rates at Reserve at Cool Springs range from $1,275 to $1,975, according to Apartments.com. The Elizabethtown-Fort Knox market in Kentucky has seen a 5.8 percent growth in multifamily rents over the past year, according to Kirkland Co.

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