ROYAL PALM BEACH, FLA. — Concord Wilshire Capital has acquired a 43-acre mixed-use development site in Royal Palm Beach for $60 million, with plans to move forward with a previously planned project, dubbed Main Street at Tuttle Royale. The site was originally approved for multifamily, retail, office and hospitality uses before the property owner filed for Chapter 11 reorganization, according to the South Florida Business Journal. Concord Wilshire Capital will rebrand and develop the property to serve as a central hub for residential living, retail activity and community engagement. Located at the intersection of State Route 7 and Southern Boulevard in Palm Beach County, the master-planned development will include 401 multifamily residences; approximately 426,764 square feet of retail space; a 125-room hotel; an 82,875-square-foot office building; an activated park plaza with public spaces, a sculpture garden and experiential amenities. Construction will begin soon following the permitting process. Concord Wilshire will announce additional details in the coming months, including the formal rebranding of the development and announcements of residential and retail development partners.
MABLETON, GA. — Stonemont, a private industrial real estate investment firm based in Atlanta, has acquired a 216,400-square-foot industrial service facility (ISF) located in Mableton, approximately 15 miles northwest of downtown Atlanta. Situated at 5350 Riverview Road, the facility spans 10 buildings across 24.5 acres and is fully leased to a mix of national and regional tenants. The property also features 18- to 23-foot clear heights, 19 dock doors and potential connectivity to the Norfolk-Southern rail spur. ISF is defined as a subset of industrial outdoor storage (IOS) and includes sites that feature functional service buildings, in addition to stabilized fences and lit outdoor space zoned for storage. Stonemont has closed on five ISF acquisitions totaling 41.9 acres and more than 518,600 square feet of existing and planned development across the country, including Atlanta, Houston, New Jersey and Philadelphia. Additionally, in February, the firm closed on two ISF projects in Denver and Las Vegas, totaling over 35,000 square feet on more than 15 acres.
MILLEDGEVILLE, GA. — Jim Chapman Construction Group (JCCG), a Southeast-based general contractor specializing in build-to-rent (BTR) communities, has been selected to build 125 single-family rental (SFR) homes at Higher Ground, a new 42-acre, independent living community in Milledgeville. Developed by BLDG Real Estate, Higher Ground is planned to complement the adjacent Fellowship Meriwether Assisted Living Community, providing residents with access to existing amenities, while supporting a “greater level of independence.” Upon completion of the project, The Fellowship Family, a fourth-generation, family-owned firm specializing in senior living communities across the Southeast, will manage the community. Land development of the community’s first phase of 91 homes began in November 2025, and vertical construction is scheduled for June. Leasing is expected to begin in September, with project completion anticipated by January 2027. Homes will range in size from approximately 1,007 to 1,294 square feet.
VENICE, FLA. — Goodwill Industries-Manasota, an affiliate of nonprofit retailer Goodwill, has signed a 54,189-square-foot flex lease at the former Tervis headquarters located at 201 Triple Diamond Blvd. in Venice. The 120,000-square-foot campus will serve at Goodwill’s newest Sustainability & Logistics Center and is expected to create more than 40 new jobs. Michelle Senner and Lori Hellstrom of Colliers represented the landlord, Buligo Capital, which purchased the campus in 2023. Jack Siragusa and Sara Williams of CBRE represented the tenant, Goodwill Industries-Manasota. The lease includes 16,000 square feet of office space, with the remaining space for industrial and warehouse use. The site will include a Goodwill Bargain Barn, which is a clearance center where unsold items from regular Goodwill stores are sold in bulk by the pound.
TAMPA, FLA. — New York City-based GTIS Partners has acquired approximately 116 acres in Tampa to develop 4Ward Logistics Center, an industrial development that will span 382,500 square feet across two rear-load distribution buildings. Situated near I-4 in the East Tampa submarket, the site benefits from two nearby interchange access points, providing immediate access to local and regional logistics corridors, as well as direct connectivity to Port Tampa Bay. 4Ward Logistics Center is expected to be delivered in the second half of 2027. JLL will handle leasing and marketing for the project.
ATLANTA — Bell Partners has reopened Bell Collier Village, a 256-unit multifamily community located along Howell Mill Road in Atlanta’s West Midtown neighborhood. Following a fire, Bell Collier Village closed and terminated all leases in 2024 and has remained closed for restoration since. Preleasing at the restored community has already begun, and the first residences are expected to be available in June. Monthly rental rates begin at $1,315. The five-story apartment complex features a mix of studio, one- and two-bedroom floorplans, ranging in size from 426 to 1,657 square feet, according to Apartments.com. Amenities include a saltwater swimming pool, sundeck, fitness center, dog park, clubhouse, pet washing station, courtyard, grilling areas and a rooftop terrace.
JACKSONVILLE, FLA. — JLL Capital Markets has arranged the sale of 8000 Baymeadows Way, a 458,617-square-foot office campus located in Jacksonville’s Butler/Baymeadows submarket. Robbie McEwan, Tucker Brooks, Hunter Smith, Jesse Jones and Jesse Shimp of JLL represented the undisclosed seller and procured the buyer, Orlando-based Foundry Commercial. J. Paul Reynolds represented Foundry Commercial in the transaction. The sales price was also not disclosed. 8000 Baymeadows Way spans five buildings and previously served as an office campus. Foundry Commercial plans to redevelop the property.
KNOXVILLE, TENN. — Maddox Cos. has brokered the $11 million sale of the WestMed Building, a 55,000-square-foot medical office building situated on Sherrill Boulevard in Knoxville. Maddox Cos. represented both the seller, Knorr Family Properties, and the buyer, Clear Passage LLC, in the transaction. Built in 2004, the healthcare property sits on roughly 3 acres, according to LoopNet.
GREER, S.C. — The City of Greer has begun vertical construction on the new Greer Sports & Events Center, a 200,000-square-foot sports and recreation facility built for everyday use and high-occupancy tournaments and events. The $100 million civic project is part of the city’s ForGreer community initiative. Set to open in 2027, the facility will include eight full-size basketball courts with adaptable configurations for volleyball, wrestling and pickleball, as well as a separate purpose-built basketball court. Other aspects of the building will include administrative offices, flexible community spaces, an indoor walking track, concessions areas, multi-sport simulators and exercise and wrestling spaces. The design-build team includes RMF Engineering, McMillan Pazdan Smith Architecture and Harper General Contractors.
ORLANDO, FLA. — PCCP LLC has provided a $92.5 million construction loan for Emi on 50, a 336-unit apartment development located at 1840 E. Colonial Drive in Orlando’s Mills 50 neighborhood. The borrower is Terian Development. Set for completion in second-quarter 2028, the nine-story community will offer studio, one-, two- and three-bedroom units averaging 895 square feet in size, with 20 apartments designed as live/work units and 15 planned as two-story townhomes. Amenities will include a fitness center, speakeasy and a café, as well as a rooftop deck with a pickleball court, pool, grilling stations and a Zen garden.
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