Tuesday, June 30, 2026
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Southeast

Lincoln Road
AcquisitionsFloridaRetailSoutheast

ALTO Real Estate Funds Purchases Lincoln Road Retail Property in Miami Beach for $18.9M

by Julia Sanders

MIAMI BEACH, FLA. — ALTO Real Estate Funds has purchased a 7,142-square-foot retail property located in Miami Beach for $18.9 million. The property is situated along Lincoln Road, Miami Beach’s high street retail corridor. The seller was Gombinski Properties, who bought the property in 1985. Ran Ziv and Sean Shahar Ziv of GLT Group Brokerage represented the seller and the buyer. The property comprises two suites located at 900 and 904 Lincoln Road, at the corner of Jefferson Avenue. The corner building underwent a complete renovation in 2016 and now has restored façades, high ceilings and large glass storefronts. The 900 suite is leased to Aerie, the underwear and activewear subsidiary of American Eagle Outfitter. Dallas-based ALTO expects to lease the vacant 904 store by next year. Jonathan Carter of Colliers International South Florida is in charge of leasing. Lincoln Road is a one-mile corridor located close to the Miami Beach Convention Center, hotels, restaurants and beaches. It features brands such as Nike’s only flagship store in Florida, the largest H&M and Zara stores in the Southeast and an Apple store. Lincoln Road features more than 800,000 square feet of retail and restaurants space.

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DevelopmentFloridaMultifamilySoutheastTexasTop Stories

Waypoint Residential Acquires Land for $240M in Multifamily Projects in Florida, Texas

by Kristin Harlow

FLORIDA AND TEXAS — Waypoint Residential LLC, through several subsidiaries, has acquired land for the development of five multifamily projects in Florida and Texas. All told, the Class A, garden-style developments will comprise more than 1,350 units with a total capitalization surpassing $240 million. Four of the projects will be located in Florida, within the markets of Gainesville, Orlando, Stuart and Palm Bay. The Texas project will be located in suburban San Antonio. In Gainesville, Waypoint plans to build a 235-unit property on SW 20th Avenue. The community will be near several retail and entertainment options and seven miles from the University of Florida. Waypoint is planning a 312-unit community along Lake Wilson, about 25 miles south of downtown Orlando. The project will offer convenient access to Interstate 4, Highway 27 and Ronald Regan Parkway. The Stuart project, located directly off US-1, will feature 270 units. Stuart is located on the Atlantic Coast approximately midway between Miami and Orlando. The Palm Bay project will comprise 252 units. Palm Bay is situated within Florida’s “Space Coast” and near employers such as L3 Harris, Northrop Grumman, Lockheed Martin and Health First. The Texas development will be located in Boerne, about 30 miles …

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Lakeland Central Park
DevelopmentFloridaIndustrialSoutheast

Parkway Property Investments, Silverpeak Break Ground on 5 MSF Industrial Park in Lakeland, Florida

by Julia Sanders

LAKELAND, FLA. — Parkway Property Investments LLC and Silverpeak Real Estate Partners have broken ground on Lakeland Central Park, a 740-acre, Class A industrial development near the intersection of Interstate 4 and Polk Parkway in Lakeland. When complete, the property will contain more than 5 million square feet of industrial space suitable for manufacturing and distribution users. The site features one-and-a-half miles of frontage along Polk Parkway. Charles Foschini, Christopher Apone, Michael Weinberg and Alec Fox of Berkadia arranged the $38.3 million construction financing. The first phase of Lakeland Central Park’s construction will include a 708,000-square-foot industrial building and the infrastructure to deliver development-ready sites throughout the project. The first phase is scheduled to open in the fourth quarter of 2022. The project is expected to take two phases, with the entire build out to be complete in seven years. This property is a private investment vehicle managed by Silverpeak, which is jointly capitalized by Silverpeak and an unnamed institutional investor with over $130 billion of real estate assets under management. Parkway will develop and manage Lakeland Central Park. The ownership has tapped JLL to lease the industrial park.

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20 N Orange Orlando
AcquisitionsFloridaOfficeSoutheast

Cushman & Wakefield Arranges $63M Sale of 20 North Orange Office Building in Downtown Orlando

by Julia Sanders

ORLANDO, FLA. — Cushman & Wakefield has arranged the $63 million sale of 20 North Orange Avenue, a 279,780-square-foot office tower located in downtown Orlando’s central business district. Banyan Street Capital, a Miami-based private equity firm, purchased the property in a joint venture with a fund managed by DRA Advisors. The price was disclosed by the Orlando Business Journal. Mike Davis, Rick Colon, Rick Brugge and Dominic Montazemi of Cushman & Wakefield, with support from colleagues Zach Eicholtz, Ryan Jenkins and Brooke Tulley, represented the selling partnership, which comprised funds managed by Apollo Global Management, principals of Square2 Capital and Steelbridge Capital. The new ownership has tapped Robert Kellogg, Todd Davis and Colin Morrison of Cushman & Wakefield to lease the property. Banyan Street Capital will operate the office building in collaboration with Square2 Capital. Built in 1983, the 16-story building was purchased by the sellers in 2014 when it was 73 percent leased. The previous ownership spent approximately $5.3 million in capital improvements, including streetscape enhancements, updating both lobby areas, modernizing elevator and mechanical systems and renovating all of the common areas. As a result of these enhancements, occupancy improved to 90 percent. New tenants have been added such …

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Data center
Data CentersDevelopmentIndustrialSoutheastVirginia

Digital Fortress Opens 250,000 SF Data Center Campus in Chesterfield, Virginia

by Julia Sanders

CHESTERFIELD, VA. — Digital Fortress, a multi-tenant and wholesale data center provider, has opened a 250,000-square-foot data center campus in Chesterfield, about 16 miles south of Richmond. The facility, known as Digital Fortress Richmond, features a raised floor design for its data center space that has 4.1 megawatts of IT load, as well as an additional 200,000 square feet of shell core expansion space supporting up to 25 megawatts of power. The property also features office space that can house up to 120 employees and N+1 redundancy, which offers a fully distributed, uninterrupted power supply for users. The facility is LEED Gold-certified, meaning it takes steps to be environmentally conscious. Located in Meadowville Technology Park, Digital Fortress Richmond provides connectivity with a newly constructed fiber system that links to major connectivity hubs in the market. Digital Fortress operates 10 data center and colocation facilities in Chicago, Denver, Lynwood, Calif., Piscataway, N.J., Portland, Richmond and Seattle.

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AcquisitionsMultifamilyNorth CarolinaSoutheast

Capstone Brokers $29.1M Sale of Scarlet Point Apartments in West Charlotte

by Julia Sanders

CHARLOTTE, N.C. — Capstone Apartment Partners has brokered the $29.1 million sale of Scarlet Point, a 274-unit apartment community in Charlotte. The approximately 24-acre site is situated on Springmont Lane in west Charlotte, approximately five miles from the Uptown district. Scarlet Point was built in 1974 and was approximately 85 percent occupied at the time of sale. Originally two separate adjacent communities, the property features two swimming pools, two laundry facilities and a dog park. Scarlet Point’s unit mix includes one- and two-bedroom flat- and townhome-style floorplans. Ron Corrao of Capstone represented the seller, TG Real Estate, in the transaction. The buyer, Lucern Capital Partners, plans to continue TG’s renovation program and invest several million dollars into interior upgrades and necessary capital improvements. Select apartment homes were recently upgraded with wood-style vinyl flooring, shaker cabinetry and stainless steel appliances.

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Hampton Forest Apartments
AcquisitionsFloridaMultifamilySoutheast

American Commercial Realty Acquires 152-Unit Hampton Forest Apartments in Gainesville, Florida

by Julia Sanders

GAINESVILLE, FLA. — American Commercial Realty (ACR) has acquired Hampton Forest Apartments, a 152-unit multifamily community in Gainesville. The seller, an entity doing business as Fox Hollow Apartments LLC, sold the property for an undisclosed price. JLL arranged the sale, as well as $14 million in acquisition financing for the buyer. Hampton Forest Apartments has one- and two- bedroom floorplans, with most having private balconies or patios. The community includes 19 two-story concrete block buildings with a leasing office and resident services building, as well as a swimming pool on a nearly 10-acre site. The property was 96 percent occupied at the time of sale. ACR is planning to make a series of improvements at Hampton Forest, including new quartz countertops and cabinets in the kitchens, the addition of modern plank flooring and contemporary fixtures and washers and dryers in many of the units. There will also be new grilling and dining stations, as well as enhancements to the pool area and upgrades to the landscaping. Park Partners, a Boca Raton, Fla.-based renovation management company, is in charge of doing the upgrades to Hampton Forest. Atrium Management will manage the property. Located at 7301 W. University Ave., Hampton Forest is …

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Self storage
DevelopmentFloridaIndustrialSoutheast

Joint Venture to Open 860-Unit Self-Storage Facility in Stuart, Florida

by Julia Sanders

STUART, FLA. — A joint venture partnership between Lumpkin Development, MacArthur Holdings and Live Oak Capital Partners plans to open a 110,000-square-foot self-storage facility located at 700 SW Federal Highway in Stuart. The 860-unit property will be close to downtown Stuart and the city’s surrounding neighborhoods. CubeSmart Self Storage will manage the four-story, climate-controlled property. DC Construction is building the facility, and Iberia Bank provided the debt financing for the project. MacArthur Holdings is a real estate business based in New York City, Lumpkin Development develops and operates self-storage, retail and industrial real estate throughout the Southeast and Live Oak Capital Partners is a developer and real estate investment firm based in Atlanta.

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Crossings at Wildlight
DevelopmentFloridaRetailSoutheast

Sleiman Breaks Ground on 90,000 SF Publix-Anchored Shopping Center in Yulee, Florida

by Julia Sanders

YULEE, FLA. — Sleiman Enterprises has broken ground on Crossings at Wildlight, a Publix-anchored shopping center in Yulee. Located at the corner of Fla. Highway 200 and William Burgess Boulevard, the retail center will be situated a quarter-mile off Interstate 95 and offer the first grocery store in the community. Designed by Cuhaci & Peterson, the 90,000-square-foot project will include five single- or multi-tenant buildings and up to three outparcels. Sleiman is planning a grand opening for spring 2022. The shopping center will serve as a retail component within Wildlight, a master-planned development in Nassau County by Raydient Places + Properties. Other recent uses to open at Wildlight include its second neighborhood, Forest Park, as well as UF Health Wildlight and a YMCA.

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Publix-anchored
DevelopmentGeorgiaRetailSoutheast

Branch Properties, Carter to Develop 87,000 SF Publix-Anchored Shopping Center in Atlanta’s Summerhill District

by Julia Sanders

ATLANTA — A joint venture between Branch Properties and Carter USA will develop an 87,000-square-foot, grocery-anchored shopping center in the south Atlanta neighborhood of Summerhill. The center will be anchored by a 50,000-square-foot Publix grocery store and will feature a two-level parking deck. Leasing at the development, which is scheduled for completion in fall 2022, is currently underway with roughly 37,000 square feet of space available for a variety of retail or service tenants. Carter is currently redeveloping the surrounding 19-block area into a hub for retail, dining, housing and office space alongside Georgia State University’s (GSU) athletic facilities, namely Center Parc Credit Union Stadium (formerly Turner Field). Adjacent to the future Publix shopping center is the recently redeveloped Georgia Avenue, which features restaurants and bars, such as Wood’s Chapel BBQ, Maepole, Hero Doughnuts, Halfway Crooks Beer, Little Tart Bakeshop, Junior’s Pizza and Big Softie. Summerhill is an 80-acre project south of downtown Atlanta. Following the Atlanta Braves’ move away from Turner Field to Truist Park in Cobb County, Carter, in partnership with GSU, purchased 80 acres of land in the community, with the vision of creating a walkable district within close proximity to transportation options and downtown Atlanta. In …

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