Southeast

CBRE Negotiates 342,000 SF Industrial Lease in Summerville, South Carolina

by John Nelson February 18, 2026

SUMMERVILLE, S.C. — CBRE has negotiated a 342,000-square-foot lease within Coastal Crossroads Industrial Park, a 180-acre industrial development in the Charleston suburb of Summerville. Mobix Fulfillment, a third-party logistics firm based in Utah, will occupy the building at 420 Strathmore Road. The lease represents the first closed transaction within Coastal Crossroads, according to CBRE. Bob Barrineau, Brendan Redeyoff and Tim Raber of CBRE represented the landlord, Citimark Pure Charleston, in the lease negotiations. Ryan Young of Cushman & Wakefield represented Mobix. Remaining availability at Coastal Crossroads includes two existing spaces spanning 208,000 and 500,000 square feet, along with two build-to-suit sites ranging from 200,000 to 1.2 million square feet.

February 18, 2026

Development Loans Multifamily South Carolina Southeast

Cushman & Wakefield Arranges $28.7M Construction Financing for Charleston Apartment Project

by John Nelson February 18, 2026

CHARLESTON, S.C. — Cushman & Wakefield has arranged a $28.7 million construction loan for PADS 216, an apartment development underway at 216 Spring St. in Charleston’s Upper Peninsula. Kristian Brown of Cushman & Wakefield arranged the financing through RMWC via a debt fund execution on behalf of the borrowers, Orange Properties, Ivy Capital and Crown Global Investments. Situated near The Medical University of South Carolina (MUSC), PADS 216 will feature a variety of floorplans and high-end amenities. The construction timeline was not released.

February 18, 2026

Acquisitions Build-to-Rent Development Multifamily Single-Family Rental Southeast Tennessee

Trilogy Investment Acquires 109-Unit Build-to-Rent Development in Lakeland, Tennessee

by John Nelson February 18, 2026

LAKELAND, TENN. — Trilogy Investment Co. has closed on the purchase of Willows Townhomes, a 109-unit build-to-rent (BTR) residential community planned at 9942 Geneva St. in Lakeland. The Alpharetta, Ga.-based investment firm has rebranded the property as REV3 at Garner Lake. The land seller and sales price were not disclosed. Trilogy plans to break ground on REV3 at Garner Lake this month and deliver the first tranche of homes by the end of the year. All units will feature attached garages and come in three- and four-bedroom configurations ranging in size from 1,657 to 1,866 square feet. Builders Capital is serving as Trilogy’s joint venture partner and equity capital provider for the project. REV3 at Garner Lake is situated within Lake District, a 160-acre master-planned redevelopment of the former Belz Factory Outlet Mall in metro Memphis.

February 18, 2026

Affordable Housing Development Florida Loans Multifamily Southeast

JLL Secures $19M Mezzanine Loan for Multifamily Development in Tampa

by John Nelson February 18, 2026

TAMPA, FLA. — JLL has secured a $19 million mezzanine loan for the construction of River Vista, a 268-unit workforce housing development located at 4504 Clewis Ave. in Tampa. Brian Gaswirth and Michael Romero of JLL arranged the financing through a credit venture of Crow Holdings Capital on behalf of the borrower, Vista Residential Partners. River Vista will offer a mix of one-, two- and three-bedroom apartments averaging 989 square feet in size. Amenities will include nature trails, overlooks of the Hillsborough River, multiple club rooms, coworking spaces, a fitness center, pet spa and a dog park. The construction timeline and additional financing details were not disclosed.

February 18, 2026

Development Georgia Mixed-Use Restaurant Retail Southeast

Shake Shack, Trader Joe’s Join 43-Acre Medley Development in Johns Creek, Georgia

by John Nelson February 17, 2026

JOHNS CREEK, GA. — A new wave of retailers has joined the tenant roster at Medley, a new 43-acre mixed-use redevelopment underway in Johns Creek, about 27 miles north of Atlanta. Locally based Toro Development Co. recently announced the newcomers, which will include Shake Shack, Trader Joe’s, Kontour Medical Spa, Moop’s Boutique and Northern China Eatery. Previously announced concepts include Sephora, High Country Outfitters, BODYROK, Petfolk, CRÚ Food & Wine Bar, Fadó Irish Pub, Summit Coffee, Five Daughters Bakery, Drybar Shops, Minnie Olivia Pizzeria and Clean Your Dirty Face, among others. Set to debut officially around Halloween, Medley will offer 164,000 square feet of retail, restaurant and entertainment space; 833 luxury townhomes and apartments; The Hotel at Medley, a 150-room boutique hotel set to open in 2028; 110,000 square feet of lifestyle office space; and a 25,000-square-foot plaza. The project is located at the intersection of Johns Creek Parkway and McGinnis Ferry Road and was once a suburban office hub for State Farm Insurance.

February 17, 2026

Development Florida Industrial Southeast

Foundry, Wheelock Street Capital Break Ground on 485,000 SF Logistics Park in Pompano Beach, Florida

by John Nelson February 17, 2026

POMPANO BEACH, FLA. — Foundry Commercial, in partnership with Wheelock Street Capital, has broken ground on Festival Logistics Park, a 485,000-square-foot industrial complex located at 2900 W. Sample Road in Pompano Beach. Foundry Commercial and Wheelock Street Capital originally purchased the former Festival Flea Market site for $66 million in September 2025, according to multiple media outlets. Situated on 25 acres, Festival Logistics Park will span three buildings and will include 32- to 36-foot clear heights, flexible configurations and modern industrial features that accommodate various logistics, distribution and light-manufacturing users. The project is expected to be delivered in the fourth quarter. Nick Wigoda, Steve Medwin and Eli Havlik of Stream Realty Partners will handle leasing on behalf of the ownership team.

February 17, 2026

Development Georgia Multifamily Southeast

Crescent Communities Begins Construction on 312-Unit Apartment Community in Tucker, Georgia

by John Nelson February 17, 2026

TUCKER, GA. — Charlotte-based Crescent Communities has begun construction on RENDER Tucker, a 312-unit apartment community in Tucker, about 20 miles northeast of Atlanta. Chuo Nittochi Group is serving as the equity partner on the project, and Santander Bank is providing debt financing. Set for completion in summer 2027, the 13-acre development will include an entry park and arrival lawn, clubhouse, hammock zones and swings, a pool, fireplace, fire pit, dog park, grills and a community garden. The design-build team includes Focus Design Interiors (interior design), Hensley Lamkin Rachel (architect), Kimley-Horn (civil engineer) and MSD (landscape architecture).

February 17, 2026

Affordable Housing Development Multifamily Southeast Tennessee

Public-Private Partnership Underway on 278-Unit Mixed-Income Residential Development in Chattanooga

by John Nelson February 17, 2026

CHATTANOOGA, TENN. — A public-private partnership between The Atlantic Cos., the City of Chattanooga and American South Capital Partners has broken ground on 702 Manufacturers Road, a 278-unit mixed-income residential development along the Tennessee River in Chattanooga. The project is the first to utilize the City of Chattanooga’s affordable housing PILOT program, which ensures that 15 percent of the units (42 in total) will have income restrictions affordable to the city’s workforce housing residents. Ameris Bank and American South Capital Partners are providing construction financing for the development, which Patterson Real Estate Advisory Group arranged. Set for completion in late 2027, 702 Manufacturers Road will offer a mix of studio, one- and two-bedroom floorplans, as well as a sky lounge and terrace and direct access to the river. The project team includes Brock Hudgins Architects, Kimley-Horn and McShane Construction Co.

February 17, 2026

Acquisitions Development Mixed-Use Retail Southeast Tennessee Top Stories

Merus Acquires RiverGate Mall in Metro Nashville, Plans $450M Mixed-Use Redevelopment

by John Nelson February 17, 2026

GOODLETTSVILLE, TENN. — Merus, a design-build firm that was formerly known as Al. Neyer, has purchased RiverGate Mall, an enclosed shopping mall located at 1000 Rivergate Parkway in Goodlettsville that opened in 1971. The Cincinnati-based firm is planning to transform the 57-acre site on the northern outskirts of Nashville into a $450 million mixed-use district. Merus plans to demolish the mall this spring. In its place, the firm will develop 700 multifamily units, 100 townhomes, 80 independent seniors housing units, more than 130,000 square feet of retail and dining space and a center green and plaza for community programming. “Stepping into a site like this comes with a responsibility — not just to redevelop it, but to do it right,” says Patrick Poole, senior vice president and Nashville market leader for Merus. “Our focus is taking a property designed for a different era and reimagining it as a walkable, active district where people can live, work, gather and spend time.” Merus purchased the 514,000-square-foot mall, which is situated next to Dollar General’s global headquarters, for $33 million. Bryan Belk and John Tennant of Franklin Street represented the seller, Hendon Properties, in the transaction. Hartman Simons & Wood LLP executed legal work …

February 17, 2026

Acquisitions Industrial North Carolina Southeast

Equus Capital Purchases Industrial Complex in Butner, North Carolina for $46.8M

by Abby Cox February 16, 2026

BUTNER, N.C. — Equus Capital Partners has acquired Falls Lake Commerce Center, a 341,867-square-foot industrial complex in Butner, approximately 20 miles south of Durham, for $46.8 million. The transaction was completed on behalf of Sweet Grass II, a programmatic joint venture between an affiliate of Equus and a U.S.-based public pension plan. Falls Lake Commerce Center comprises three modern, tilt-wall logistics facilities developed between 2009 and 2015. The buildings feature 30-foot clear heights, ESFR sprinkler systems, shared truck courts, 53 dock-high doors and six drive-in doors. The property also includes a 1.2-acre industrial outdoor storage (IOS) lot with 65 trailer stalls. Falls Lake was fully leased at the time of sale to three tenants including UPS, Nugget Comfort LLC and RiceWrap Foods.

February 16, 2026

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