Southeast

Benderson Acquires Three Properties Totaling 400,000 SF in Florida

by Matthew Auchincloss August 19, 2026

UNIVERSITY PARK, FLA. — Benderson Development has acquired three properties totaling 400,000 square feet along the west coast of Florida. The first, Granada Plaza, is a Publix-anchored retail center located in the Tampa suburb of Dunedin at the intersection of Main Street and Keene Road. The second acquisition is Venice Market Place, a shopping center located where Tamiami Trail meets Center Road in Venice. Finally, Benderson purchased a building tenanted by Lowe’s Home Improvement Center at 10070 Estero Town Commons Place in Estero.

August 19, 2026

Acquisitions Data Centers Development Industrial North Carolina Southeast

WhiteFiber Agrees to Buy Two Industrial Facilities in North Carolina, Plans Data Center Conversions

by John Nelson August 19, 2026

YADKIN COUNTY, N.C. — WhiteFiber Inc., a data center owner-operator and cloud solutions provider, has agreed to acquire two industrial facilities in Yadkin County, situated near Winston-Salem at the foothills of the Blue Ridge Mountains. WhiteFiber is acquiring the properties via its wholly owned subsidiary Enovum Data Centers Corp. with plans to retrofit both properties into data centers. The agreed purchase price was $60 million for both sites. The two facilities, which will be renamed NC-2 and NC-3, sit approximately 55 miles from NC-1, WhiteFiber’s existing data center campus in Madison, N.C. NC-2 and NC-3 are expected to provide a combined minimum of 60 megawatts (MW) of initial gross utility capacity with the potential to support up to 200 MW of combined utility capacity over time. WhiteFiber expects to close the transaction in the fourth quarter and bring the properties on line in third-quarter 2027.

August 19, 2026

Acquisitions Mississippi Southeast Student Housing

Landmark Properties Acquires 642-Bed Student Housing Community Near University of Mississippi

by John Nelson August 19, 2026

OXFORD, MISS. — Landmark Properties has acquired The Domain at Oxford, a 642-bed student housing community located at 2002 Oxford Way near the University of Mississippi campus in Oxford. The property was acquired in partnership with Liberty Mutual Investments and Peninsula Investments. Walker & Dunlop brokered the acquisition, and TSB Capital assisted with financing. The seller and terms of the transaction were not released. Built in 2016, the community offer 216 fully furnished units in a mix of one-, two- and four-bedroom configurations with bed-to-bath parity. Shared amenities include a clubhouse, fitness center, golf simulator, resort-style pool, recreational green space, basketball and sand volleyball courts, study rooms and a screening theater. The property also offers parking for 756 vehicles.

August 19, 2026

Acquisitions Florida Healthcare Southeast

Transwestern Arranges $65M Sale of Medical Outpatient Building in Downtown Jacksonville

by John Nelson August 19, 2026

JACKSONVILLE, FLA. — Transwestern has arranged the $65 million sale of Southbank Medical Pavilion, a 493,012-square-foot medical outpatient building located at 841 Prudential Drive in downtown Jacksonville. The buyer, Baptist Health, operates its flagship hospital campus adjacent to the 22-story property. Steve Leathers, Bill Boyd, Seth Gilford, Jake Jordan, Angela Heidman and Max Hastings of Transwestern represented the seller, Alpharetta, Ga.-based ShareMD, in the transaction. Situated on 7.9 acres along the south bank of the St. Johns River, Southbank Medical Pavilion was 94 percent leased at the time of sale.

August 19, 2026

Acquisitions Alabama Retail Southeast

Prudent Growth Purchases Retail Strip Center in Montgomery for $3.7M

by John Nelson August 19, 2026

MONTGOMERY, ALA. — Chapel Hill, N.C.-based Prudent Growth Partners LLC has purchased Somerset Shoppes, a 27,250-square-foot strip retail center located at 7730 Atlanta Highway in Montgomery. The seller was not disclosed. Built in 2003, Somerset Shoppes was 85 percent leased at the time of sale to nine tenants, including Martha’s Place, Latitudes Salon & Spa, Body Serene Nails & Spa, J&T Acupressure and Southern Muscle & Fitness.

August 19, 2026

Development Life Sciences North Carolina Southeast Top Stories

Genentech Tops Out $2B Manufacturing Facility in Holly Springs, North Carolina

by Kristin Harlow August 19, 2026

HOLLY SPRINGS, N.C. — Genentech, a biotechnology company and member of the Roche Group, has topped out its new $2 billion manufacturing facility in Holly Springs, about 20 miles southwest of Raleigh. The construction milestone marks the completion of the building’s structural framework. The project is Genentech’s first East Coast manufacturing facility. The development was initially announced in May 2025, followed by the groundbreaking in August 2025 and an expansion announcement in January 2026. Once operational, the facility will produce next-generation treatments for metabolic conditions such as obesity. Its operations will incorporate advanced biomanufacturing, automation, robotics and the latest digital manufacturing technologies. The investment in technology includes an advanced digital twin — an artificial intelligence-powered virtual model of the manufacturing facility designed to simulate operations and test scenarios before real-world implementation. The facility is expected to support more than 2,000 jobs, including 500 manufacturing roles and 1,500 construction jobs. Genentech is also partnering with local academic institutions to prepare future members of the workforce for manufacturing careers. The project is part of Switzerland-based Roche and Genentech’s broader $50 billion commitment to research and development (R&D) and manufacturing infrastructure in the United States. Roche and Genentech’s current U.S. footprint includes 13 …

August 19, 2026

Development Hospitality Louisiana Southeast

PENN Entertainment to Invest $195M to Relocate Riverboat Casino in New Orleans

by John Nelson August 18, 2026

NEW ORLEANS — PENN Entertainment Inc. plans to invest approximately $195 million to relocate its Boomtown Casino & Hotel New Orleans riverboat casino operations to a new landside property on adjacent land, pending regulatory approval. If approved, the publicly traded gaming company will rebrand the property, which is expected to open in 2029, as Hollywood Casino New Orleans. The investment will include the build-out of roughly 140,000 square feet of new development, approximately 875 slot machines, 45 table games, a retail sportsbook and multiple dining options. The existing riverboat will be vacated upon opening of the new property, and PENN expects to keep the existing hotel open. The investment would represent the fourth landside relocation of a riverboat casino for PENN, which expects to finance the project with cash on hand, allowing for the option to access its balance sheet or other sources of liquidity. PENN currently operates four other casino destinations in Louisiana, including L’Auberge Casino Resort Lake Charles, L’Auberge Casino Hotel Baton Rouge and Margaritaville Resort Casino and Boomtown Casino Hotel in Bossier City.

August 18, 2026

Alabama Development Multifamily Southeast

Thompson Thrift to Develop 300-Unit Apartment Community in Chelsea, Alabama

by John Nelson August 18, 2026

CHELSEA, ALA. — Thompson Thrift plans to develop Rivet, a 300-unit apartment community in Chelsea, a suburb of Birmingham in Shelby County. The Indianapolis-based developer is capitalizing the project with equity from Thompson Thrift 2025 Multifamily Development LP. Situated on nearly 29 acres along the U.S. Highway 280 corridor, Rivet will offer a mix of one-, two- and three-bedroom apartments. Amenities will include a resort-style heated swimming pool, 24-hour fitness center, pickleball court, community grilling areas and fire pit, social hub with billiards and shuffleboard, dog park and pet spa, business center with conference rooms and an Amazon package hub. Thompson Thrift plans to deliver Rivet in late 2027.

August 18, 2026

Acquisitions District of Columbia Southeast Student Housing

HH Group Acquires 212-Bed Student Housing Property Near George Washington University

by John Nelson August 18, 2026

WASHINGTON, D.C. — HH Group has acquired Varsity on K, a 212-bed student housing development located near the George Washington University campus in Washington, D.C.’s West End neighborhood. The community offers 197 fully furnished units in studio through three-bedroom configurations. Shared amenities include a fitness center, resident lounge, demonstration kitchen, business center, game lounge, package lockers, private study and meeting rooms and an outdoor courtyard with dining areas, grilling stations and a fire pit. The seller and terms of the transaction were not released. The new ownership plans to begin a comprehensive repositioning program at the property, to include rebranding the community as Haven on K; refreshed common areas; the addition of expanded amenity offerings; and common area, security and building system upgrades. The community will be managed by HH Red Stone, the company’s vertically integrated property management arm.

August 18, 2026

Acquisitions Self-Storage Southeast Tennessee

Matthews Arranges Sale of 574-Unit Self-Storage Facility in Chattanooga

by John Nelson August 18, 2026

CHATTANOOGA, TENN. — Matthews has arranged the sale of a 574-unit self-storage facility located at 606 Manufacturers Road in Chattanooga’s Northshore neighborhood. Extra Space Storage manages the property, which was built in 2021 and offers 75,520 square feet of rentable climate-controlled space. Austin McLeod and Hunter Reynolds of Matthews represented the seller, an unnamed developer, in the transaction. The buyer, a private equity firm based in New York and repeat client of Matthews, purchased the property for an undisclosed price. The facility was 95 percent occupied at the time of sale.

August 18, 2026

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