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AcquisitionsGeorgiaMultifamilyRetailSoutheast

JLL Arranges $63.5M Sale of Cobb Place Shopping Center in Metro Atlanta

by John Nelson

KENNESAW, GA. — JLL Capital Markets has arranged the $63.5 million sale of Cobb Place, a 335,190-square-foot shopping center in Kennesaw. Jim Hamilton, Brad Buchanan, Andrew Kahn and Anton Serafini of JLL represented the seller, Savannah, Ga.-based Wicker Park Capital Management, in the transaction. The buyer was Miami-based Shaked Acquisitions. Located about 27 miles northwest of Atlanta, the shopping center is historically the top destination in the region for furniture and home-centric retailers, according to JLL. The longstanding anchor list includes Ashley Furniture HomeStore, American Signature Furniture, DSW, Cost Plus World Market, Hobbytown, Bassett Furniture, Natuzzi and BrandsMart USA.

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AcquisitionsMultifamilySoutheastVirginia

Berkadia Brokers Sale of 296-Unit Multifamily Property in Newport News, Virginia

by John Nelson

NEWPORT NEWS, VA. — Berkadia has brokered the sale of Forest Lake at Oyster Point, a 296-unit multifamily property located at 307 Saint Thomas Drive in Newport News. Richmond-based Levco Management acquired the property for an undisclosed price. Drew White, Carter Wood and Cole Carns of Berkadia represented the Nebraska-based seller, Haley Residential, in the transaction. Built in 1986 and renovated between 2008-2013, Forest Lake at Oyster Point offers a mix of one-, two- and three-bedroom apartments ranging in size from 780 to 1,235 square feet, according to Apartments.com. Amenities at the Class B property include a tennis court, grilling area, two swimming pools and a fitness center.

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LoansMultifamilyNorth CarolinaSoutheast

Walker & Dunlop Provides $13.9M Loan for Sedgefield Apartments in Winston-Salem, North Carolina

by John Nelson

WINSTON-SALEM, N.C. — Walker & Dunlop has provided a $13.9 million loan for Sedgefield Apartments, a 144-unit garden-style multifamily community located at 4755 Country Club Road in Winston-Salem. Brendan Coleman and Adam Johnston of Walker & Dunlop originated the Freddie Mac loan on behalf of the borrower, Elliott Properties. Sedgefield was built in 1987 and features one- and two-bedroom apartments, as well as a pool, fitness center, laundry facilities, business center, dog park and tennis and volleyball courts.

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AcquisitionsFloridaIndustrialLeasing ActivitySoutheast

MAG Capital Partners Acquires Sarasota Industrial Facility in Sale-Leaseback Deal

by John Nelson

SARASOTA, FLA. — MAG Capital Partners, a Dallas-based investment firm led by Dax T.S. Mitchell and Andrew Gi, has acquired a 23,895-square-foot industrial facility located at 6460 Parkland Drive in Sarasota. The firm purchased the asset for an undisclosed price in a sale-leaseback with the tenant and seller, MDC Precision. Andrew Sandquist, JC Asensio and Briggs Goldberg of Newmark represented MDC, which uses the facility for its insulator sealing division, in the transaction. The asset is situated on a 2.2-acre site near the Sarasota-Bradenton International Airport with 1,000 feet of frontage along US Highway 301.

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CivicDevelopmentFloridaSoutheast

St. Lucie Public Schools Selects Spiezle to Design 217,500 SF Prototype Campus

by John Nelson

ST. LUCIE, FLA. — St. Lucie Public Schools has selected Spiezle Architectural Group Inc. to provide design services for the school district’s 217,500-square-foot Western Grove K-8 prototype campus. General contractor Wharton-Smith plans to begin construction on the project in February and wrap up by August 2026. The six-building campus will include two-story academic buildings, a two-story administration building, gymnasium, chiller plant with thermal storage and a 33,569-square-foot auditorium/cafeteria that will feature dining facilities, a kitchen, custodial area, stage, band classroom, vocal classroom and an art classroom. Outdoor offerings will include playgrounds, multipurpose field, hard court and dropoff/pickup area. The Western Grove K-8 prototype campus is designed to accommodate nearly 2,000 students.

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AcquisitionsGeorgiaIndustrialLoansSouth CarolinaSoutheast

JLL Secures $357.8M Acquisition Loan for National Industrial Portfolio

by John Nelson

ATLANTA — JLL’s Capital Markets group has secured a $357.8 million acquisition loan for a national industrial portfolio on behalf of the borrower, Atlanta-based industrial real developer MDH Partners. Chris Drew, Michael Cosby, Ryan Ade, Brian Gaswirth, Jimmy Calvo and Nicole Barba of JLL arranged the balance sheet loan through Wells Fargo Bank and Capital One. Nathan Balmes and Michael Loffredo internally led the debt execution for MDH. The 5.5 million-square-foot portfolio, dubbed “MDH F3 Arctic Portfolio,” is located within the metropolitan areas of Houston, Austin, Chicago, Greenville, S.C., and Middletown, Pa. The portfolio comprises eight developments consisting of 12 individual buildings ranging in size from 140,300 to 1 million square feet, with an average clear height of 34 feet. The portfolio was fully leased at the time of financing to tenants across several industries, including automotive, e-commerce, food-and-beverage and home goods.

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DevelopmentHospitalityLouisianaMixed-UseRestaurantRetailSoutheast

Cordish to Open $270M Live! Casino & Hotel in Louisiana in February

by John Nelson

BOSSIER CITY, LA. — The Cordish Companies has set the opening date for its $270 million Live! Casino & Hotel Louisiana — Thursday, Feb. 13, pending approval from the Louisiana Gaming Control Board. The Baltimore-based company launched bookings at the Bossier City hotel last Friday, almost exactly a full year after breaking ground. Additionally, tickets are now on sale for a slate of shows/concerts at the development’s Event Center at Live! Situated along the Red River near Shreveport, La., the Live! Casino & Hotel Louisiana will feature more than 47,000 square feet of gaming space; a sportsbook for live betting on sporting events; an upscale 550-room hotel with a resort-style pool and fitness center; 25,000-square-foot events center; structured and surface parking; a 31-site RV park; and 30,000 square feet of dining and entertainment venues, including Cordish brands Sports & Social, PBR Cowboy Bar and Luk Fu, as well as Ridotto Grand Café and The Prime Rib steakhouse.

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DevelopmentMultifamilySouth CarolinaSoutheast

Woodfield Delivers 227-Unit Goddard Point Hope Apartments in Charleston

by John Nelson

CHARLESTON, S.C. — Woodfield Development has delivered Goddard Point Hope, a 227-unit apartment community located at 1000 Point Hope Parkway in Charleston. The multifamily property is situated within the master-planned Point Hope development and represents Woodfield’s 24th completed project in South Carolina. Goddard Point Hope offers a mix of studio, one-, two- and three-bedroom units ranging in size from 688 to 1,396 square feet. Monthly rental rates range from $1,598 to $2,903, according to Apartments.com. Amenities include a saltwater pool with a poolside lounge and pavilion, fitness center and yoga studio, business center with coworking spaces, club and game rooms, vegetable market, community kitchen and grilling stations and a pet park and pet spa, as well as 17,000 square feet of retail space. The design-build team included Housing Studio, SeamonWhiteside, SHAH Architecture & Interiors, S Wilkins Interior Design and CF Evans.

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DevelopmentGeorgiaLeasing ActivityLouisianaRestaurantRetailSoutheast

PJ’s Coffee to Expand in Metro Atlanta With 12 New Locations

by John Nelson

MANDEVILLE, LA. — PJ’s Coffee plans to open 12 new locations in the metropolitan Atlanta area over the next seven years. The Peach State currently has a PJ’s Coffee location in Greensboro and construction will soon begin for its next one in Rome. The Mandeville, La.-based coffeeshop chain has more than 185 locations operating systemwide and more than 100 in the development pipeline. “Our expansion into Atlanta represents a game-changing opportunity to share PJ’s unique flavors with a vibrant community that values Southern hospitality and exceptional coffee,” says Lory Schwartz, franchise development manager of PJ’s Coffee. “The city’s dynamic economy, strong coffee culture and affinity for innovation make it the perfect place for our next chapter of growth.”

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AcquisitionsFloridaNAIOfficeSoutheast

NAI Miami | Fort Lauderdale Brokers $2.3M Sale of Office Building in Miami’s Pinecrest Village

by John Nelson

MIAMI — NAI Miami | Fort Lauderdale has brokered the $2.3 million sale of a two-story, 9,192-square-foot office building located at 9703 S. Dixie Highway in the Miami village of Pincecrest. Jeremy Larkin, Joseph Gallaher and Valentina Tawil of NAI Miami | Fort Lauderdale represented the seller, an entity doing business as 9703 Dixie LLC, in the transaction. Robert Eckstein, also with NAI Miami | Fort Lauderdale, represented the undisclosed buyer, which plans to invest in capital improvements to bring the office building to market-ready conditions. According to LoopNet Inc., the property is known as The Pile Building and was originally completed in 1959.

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