Tuesday, April 21, 2026
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Southeast

Ready Cap
KentuckyLoansMultifamilySoutheast

Ready Capital Closes $7.1M Loan for Three-Property Multifamily Portfolio in Metro Louisville

by Julia Sanders

LOUISVILLE, KY. — Ready Capital has closed on a $7.1 million loan for the acquisition, renovation and stabilization of a 120-unit, three-property multifamily portfolio in the Jefferson County submarket of metro Louisville. The properties’ names were not disclosed. Upon acquisition, the sponsor will implement a capital improvement plan to renovate the properties, including renovations to the unit interiors, building exteriors and common areas, as well as amenity upgrades. The loan was a non-recourse, interest-only, floating-rate loan that features a 36-month term, two extension options, flexible prepayment and is inclusive of a facility to provide future funding for capital expenditures.

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Michael Takacs Mall Redevelopment
BohlerContent PartnerFeaturesMidwestNortheastRetailSoutheastTexas

Outside the [Big] Box Tips for Filling Empty Retail Space

by Sarah Daniels

Mall and shopping center owners nationwide are faced with the vacancy of major big box anchors that have closed their doors due to the continued uptick in online retail and changing shopping habits and desires of today’s consumers. Often massive, these two-story, or even three-story spaces seem impossible to fill with the decline of most brick and mortar retail stores. Developers are being challenged to think outside the [big] box to find new tenants and creative uses for the space. Malls were originally thought of as community centers for neighborhoods during the mall boom. That attitude fell by the wayside as malls removed their socially engaging aspects and lost their sense of place  — instead of being a place for the community to gather, the mall became simply a place to shop. Now, largely expedited by the pandemic, there have been seismic shifts in retail and shopper habits/what the consumer wants out of their shopping experience. The key word here is experience. Malls have had to readapt to fill in vacant spaces from large department stores that consumers no longer favor. This has opened up a lot of atypical uses, from distribution centers to residential to entertainment components to medical facilities. …

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Cabot
AcquisitionsCaliforniaFloridaIndustrialNew YorkPennsylvaniaTop Stories

Cabot Properties Sells Logistics Portfolio Across U.S. and Europe for $2.8B

by Julia Sanders

BOSTON — Cabot Properties Inc. has sold its Value Fund V portfolio in two separate transactions for a total of $2.8 billion. Blackstone Real Estate Income Trust Inc. (BREIT) acquired the portfolio, which features logistics properties in the United States and Europe. The U.S. portfolio includes 102 properties totaling 15.2 million square feet located in major logistics markets such as the Inland Empire, California; Eastern Pennsylvania; South Florida; and the New York metropolitan area. In a separate transaction, Blackstone’s European Core Plus business and its affiliates acquired the remaining European properties, which feature 22 properties totaling 2.2 million square feet of industrial space. The properties are located in European markets such as the Midlands, North West and South East in the United Kingdom; Amsterdam; and Düsseldorf in Germany. “The sale of our Value Fund V portfolio completes our most ambitious logistics property investment program over the past 20 years,” says Franz Colloredo-Mansfeld, chairman and chief executive officer of Cabot. “This portfolio was created through 90 transactions, including 24 development projects throughout the U.S., U.K. and Europe completed over the past five years. We are pleased to have now completed approximately $5 billion in three transactions with Blackstone Real Estate over …

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Lowes
AcquisitionsNorth CarolinaOfficeSoutheast

JLL Brokers $318M Sale of Lowe’s Global Technology Center in Charlotte’s South End

by Julia Sanders

CHARLOTTE, N.C. — JLL Capital Markets has brokered the sale of Lowe’s Global Technology Center, a recently completed, 357,526-square-foot office tower in Charlotte’s South End submarket. Chris Lingerfelt, Ryan Clutter and Coleman Benedict of JLL represented the sellers, Childress Klein Properties Inc. and Ram Realty Advisors. An affiliate of Apollo Global Management purchased the property for $318 million, according to the Charlotte Business Journal. The Lowe’s Global Technology Center is a 23-story tower that was completed this fall with the full interior and tenant buildout slated for completion by 2022. The building features two sky terraces, an interior auditorium, steel staircase spanning multiple floors, touchless features throughout the property and a 950-space parking deck. Lowe’s Global Technology Center is fully leased to Lowe’s Cos. Inc., parent company of home improvement retail giant Lowe’s. After the tenant buildout is complete, the center will be home to nearly 2,000 employees and will serve as the company’s global technology and e-commerce hub. Located at 100 West Worthington Ave., the property is located 7.3 miles from Charlotte Douglas International Airport and 13.3 miles from the University of North Carolina at Charlotte.

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Canyon Park
AcquisitionsFloridaMultifamilySoutheast

Cushman & Wakefield Arranges $32.3M Sale of Apartment Community in Tallahassee

by Julia Sanders

TALLAHASSEE, FLA. — Cushman & Wakefield has arranged the $32.3 million sale of Canyon Park, a 252-unit apartment community in Tallahassee. Nick Meoli and Mike Donaldson of Cushman & Wakefield represented the seller, Stratford Management, in the transaction. Nashville-based Inman Equities acquired the property. Canyon Park offers one-, two- and three-bedroom floorplans. Units feature washers and dryers in every unit, granite countertops, wood-style flooring, spacious closets and a private patio in select units. Community amenities include a fitness center with a yoga room, swimming pool, sand volleyball court, playground, nine-hole disc golf course, dog parks and a nature workout trail. The property was 56 percent leased at the time of the sale. Located at 1326 W. Tharpe St., Canyon Park originally was built as a student housing community as the property is situated 1.5 miles from Florida State University and 3.7 miles from Florida A&M University. However, in 2020, the property was converted to a multifamily property by previous ownership, according to Cushman & Wakefield. Stratford Management renovated 142 of the units, as well as all the common area spaces.

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Arbor Square
AcquisitionsGeorgiaRetailSoutheast

Joint Venture Sells Arbor Square Shopping Center in Douglasville, Georgia for $18.4M

by Julia Sanders

DOUGLASVILLE, GA. — A joint venture between Connolly and Coro Realty has sold Arbor Square, a 127,195-square-foot shopping center in Douglasville. ALTO Real Estate Funds, which has offices in Dallas and Denver, purchased the property for approximately $18.4 million. Mark Joines and Drew Fleming of Newmark arranged the sale. Developed by Connolly in 1977, Arbor Square was fully renovated in 2018 and was 97 percent occupied at the time of sale to tenants such as Burlington, HomeGoods, Skechers, Starbucks, Five Guys and Del Taco. The center is situated just off Interstate 20 at the intersection of Georgia State Route 5 and Douglas Boulevard. The property is within a half-mile from Arbor Place Mall, a shopping mall with tenants such as Hot Topic, Ulta Beauty, H&M and Verizon Wireless, as well as a food court and a movie theater. Additionally, Arbor Square is located 23.9 miles from downtown Atlanta and 28.1 miles from Hartsfield-Jackson Atlanta International Airport. Connolly is an Atlanta-based real estate developer and investor. The firm has completed more than 40 retail, office and mixed-use projects in the Southeast with a value of nearly $500 million. Coro Realty, an Atlanta-based real estate development and investment firm, oversees approximately 50 …

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Schilling Green III
DevelopmentMarylandOfficeSoutheast

Merritt Properties Completes Redevelopment of 98,640 SF Office Building in Hunt Valley, Maryland

by Julia Sanders

HUNT VALLEY, MD. — Merritt Properties has completed the speculative redevelopment of Schilling Green III, a 98,640-square-foot office building in Hunt Valley, about 17.9 miles north of Baltimore. Merritt aims for the project to achieve LEED Silver certification and fully open by late February 2022. Located at 226 Schilling Circle, Schilling Green III is a three-story office building that features a community lounge, outdoor patio and surface parking. The property was formerly home to McCormick & Co., a Hunt Valley, Md.-based spice and seasoning company. Now, University of Maryland Orthopaedics has signed on as the building’s first tenant and will move into 16,800 square feet of first-floor space for the use of medical offices, 16 exam rooms and a physical therapy center. The medical practice is relocating from Timonium, a city north of Baltimore. The Schilling Green III project completes Merritt’s Class A campus development at Schilling, which includes neighboring properties Schilling Green I and Schilling Green II. Schilling Green I and II are both LEED Platinum-certified buildings. The Schilling Green business park provides amenities such as an onsite fitness center, community lounge and an outdoor courtyard.

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Camelot Apartments
AcquisitionsAlabamaMultifamilySoutheast

OG Capital Purchases Apartment Property in Metro Huntsville for $9.2M

by Julia Sanders

ATHENS, ALA. — Birmingham-based OG Capital LLC has acquired Camelot Apartments, a 112-unit multifamily community in Athens, about 26 miles west from Huntsville. Wade Lowry at The Kirkland Co. represented the seller, Tesco Development. The sales price was $9.2 million. Built in 1984, Camelot Apartments offers one-, two- and three-bedroom units ranging in size from 600 to 1,600 square feet. Unit features include balconies and private patios, double stainless steel sinks and washer and dryer connections. The property was 98 percent occupied at the time of sale. Located at 600 Camelot Drive, the property is situated 1.5 miles from Athens State University, 29.3 miles from the U.S. Space & Rocket Center in Huntsville and 24.4 miles from Huntsville International Airport. OG Capital plans to rebrand the community as Magnolia Row and will perform more than $2 million in extensive renovations of the entire property, including complete interior upgrades and common area upgrades. As part of the interior renovations, OG plans to add new appliances, paint, countertops, hardware, lighting and plumbing fixtures. Common area improvements will include renovations to the clubhouse and pool deck, new exterior paint, upgraded picnic, grill and mail station areas, new dog park and additional privacy fences. …

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Shipyard Creek Logistics Center
DevelopmentIndustrialSouth CarolinaSoutheast

Capital Development Partners to Build $250M Industrial Park Near Port of Charleston

by Julia Sanders

NORTH CHARLESTON, S.C. — Capital Development Partners, a Savannah, Ga.-based industrial real estate and infrastructure development firm, has purchased 135 acres in North Charleston near the Port of Charleston’s newly opened Hugh K. Leatherman Terminal. The sales price for the land was $65 million. The Savannah, Ga.-based firm plans to develop Shipyard Creek Logistics Center, an industrial park exceeding $250 million in value. Construction on the site infrastructure and the initial cross-dock terminal will start immediately, with delivery expected in 2022. Shipyard Creek Logistics Center will include container storage, warehousing and logistics support facilities. The project is expected to create 200 direct jobs and thousands of indirect jobs. The deep-water Leatherman Terminal offers highly efficient operations for import and export customers. The terminal can handle 700,000 twenty-foot equivalent units in Phase I with expansion capability to 2.4 million TEUs of capacity in Phase II, according to Capital Development Partners. The location of Shipyard Creek Logistics Center offers proximity to infrastructural access points designed to move containers to and from the Port of Charleston via the Leatherman Terminal, the South Carolina Ports Authority’s future dual rail-served intermodal cargo facility and Interstate 26.

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DevelopmentFloridaHealthcareSoutheast

Cullinan Properties to Develop 144,000 SF Veteran’s Mental Health Clinic in Metro Tampa

by Julia Sanders

TEMPLE TERRACE, FLA. — Cullinan Properties Ltd. plans to develop the new VA Mental Health Clinic and Domiciliary in Temple Terrace, about 10.4 miles north of Tampa. The Department of Veterans Affairs (VA) with the General Services Administration (GSA) awarded Cullinan Properties the lease for the clinic. The project team includes architecture and design firm Leo A. Daly, general contractor Hoar Construction, civil engineer Prosser and property management firm Lincoln Harris. The VA Mental Health Clinic and Domiciliary will be a 144,000-square-foot project situated on approximately 20 acres. The clinic will serve veterans and provide outpatient mental health care. The project is slated for completion by the second half of 2023. Located in Hillsborough County at the southwest quadrant of Temple Terrace Highway and Davis Road, the new two-story facility will be situated near Interstate 75 and Highway 301. The property will offer outdoor elements including gardens, courtyards and walking paths. Cullinan Properties is a Peoria, Ill.-based commercial mixed-use, governmental, multifamily and medical office developer. The company has experience working with the VA previously as it developed the 275,000-square-foot Austin VA Outpatient Clinic located in Austin, which opened in 2013. The company also developed the 21,000-square-foot McLean County VA Outpatient …

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