ATLANTA — Alterra IOS has acquired five industrial outdoor storage (IOS) properties totaling 146,700 square feet across 32 acres in metro Atlanta. Each site is located within industrial submarkets with access to major highways and transportation networks. The properties include: The industrial sites are occupied by a mix of tenants, including a national wholesale food distributor, a national truck rental and transportation services company and a regional equipment rental dealer. ONE Commercial Real Estate, Lee & Associates, King Industrial Realty Inc. and Cone Commercial Real Estate were the brokerages involved in these transactions. The sellers and sales price were not disclosed.
TALLAHASSEE, FLA. — Atlanta-based Portman and Tampa-based 908 Group, along with Canyon Partners Real Estate and PTM Partners, have opened The Hall, a 674-bed student housing community near Florida State University (FSU) in Tallahassee. Situated adjacent from Legacy Hall, the new home of the FSU College of Business, The Hall features 191 apartments across two mid-rise buildings. Amenities at the complex include two swimming pools, two fitness centers, property-wide Wi-Fi, 425 parking spaces and 7,689 square feet of ground-floor retail.
NEW SMYRNA BEACH, FLA. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a freestanding restaurant in New Smyrna Beach, about 14 miles south of Daytona Beach. Built in 2022, the building is occupied by Wendy’s, which has 16 years left on a triple-net lease that features 7.5 percent rental increases every five years in the initial term. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group brokered the transaction. The buyer and seller requested anonymity. The sales price was also not released. “We were able to generate multiple offers and ultimately close with an out-of-state, all-cash buyer in under 30 days,” says McMinn. “The combination of a 16-year corporate triple-net lease, scheduled rent increases and a strong Daytona Beach-area location created significant investor demand for the property.”
FREDERICK, MD. — Greenberg Gibbons has signed a lease with Club Studio at Frederick Brickworks, a $450 million, 65-acre mixed-use destination in Frederick, roughly 50 miles northwest of Baltimore. The fitness club will occupy a 30,000-square-foot space and will join a 35,000-square-foot Whole Foods Market as a co-anchor. The development will feature a mix of additional tenants such as honeygrow, First Watch, Shake Shack, Dave’s Hot Chicken and Inspire Nail Bar. The first phase of the project will also include 332 apartments and 320 for-sale townhomes built by Wormald and NVR Inc. Completion of the first phase is scheduled for 2028. According to the City of Frederick, the project proposal calls for 1,260 residential units and 130,000 square feet of commercial space. The planning commission approved the master plan in October 2023, and Greenberg Gibbons closed on the land acquisition in June 2026. The site formerly housed the historic Frederick Brick Works factory, which opened in 1891.
GREENWICH, CONN. AND ANNAPOLIS, MD. — Realterm and Starwood Property Trust (NYSE: STWD) have provided a $672 million loan for an industrial outdoor storage (IOS) portfolio spanning 33 markets. The 78-property portfolio, which is owned by affiliates of Atlanta-based Stonemont and New York City-based Cerberus Capital Management, stretches 830 acres. Stonemont and Cerberus will continue to own and operate the properties. The proceeds will refinance an existing $486 million mortgage, return a portion of the money to primary investors and fund closing costs. Eastdil Secured Savills arranged the transaction. Additional details of the deal, including the portfolio’s location and tenant information, were not disclosed. The IOS sites support fleet parking, equipment storage and other logistics activities. According to the press release, the loan is recognized as the largest financing deal of its kind in the IOS sector. “This financing marks a significant milestone for our credit platform and underscores our ability to execute sophisticated solutions that drive industry-making deals,” says Paul Sisson, head of credit at Realterm. “Borrowers are continuing to seek lenders with a deep understanding of the industrial real estate and logistics sectors.” Realterm acquires, develops, finances and manages differentiated real estate and infrastructure assets serving global land, air, …
MCLEAN, VA. — Bethesda, Md.-based Finmarc Management Inc. has completed its $77.5 million purchase of Highline at Greensboro, an office campus in Northern Virginia’s Tysons Corner submarket comprising twin 10-story office buildings. The two properties are located at 8401 and 8405 Greensboro Drive in McLean and total approximately 460,000 square feet. The office campus was 70 percent leased at the time of sale to tenants including Mortgage One Solutions, TEGNA, ASC Ortho Management Co., The MIL Corp., Rappaport Management Co. and Body Contour Centers. Cliff Mendelson of Metropolis Capital Advisors arranged an undisclosed amount of acquisition financing for Finmarc. Paul Collins and Kevin Sidney of Cushman & Wakefield represented the seller, Los Angeles-based CIM Group, in the transaction. CIM Group recently completed a $16 million capital improvement program at Highline at Greensboro. Finmarc has tapped Josh Masi and Paige Barger of Cushman & Wakefield to handle the leasing assignment at the office campus.
MIAMI — Berkadia has arranged the $62.3 million sale of The Grove at 3250 Mary, a five-story, 80,000-square-foot office building located on a 1.3-acre site in Miami’s Coconut Grove neighborhood. An entity doing business as Mary Street 3250 LLC purchased the asset from Azora Private Solutions and Vizcaya Capital. Omar Morales and Jaret Turkell of Berkadia’s South Florida office represented the sellers in the transaction.
HUNTSVILLE, ALA. — IHG Hotels & Resorts has opened a new 112-room Hotel Indigo within MidCity District, a $2.2 billion mixed-use district in Huntsville by RCP Cos. Located at 940 Nunnuhsae Park Drive NW, the hotel features a lobby restaurant and bar called The Indie, a fitness center and 1,100 square feet of meeting and event space. The property is the only Hotel Indigo in Huntsville and the fourth in Alabama. Other elements of MidCity District include the Orion Amphitheater, Trader Joe’s, REI, Topgolf, Holiday Inn, multiple apartment communities and several chef-driven restaurants.
UNIVERSITY PARK, FLA. — Benderson Development has acquired three retail properties on the Gulf Coast side of Florida totaling 400,000 square feet. The first acquisition is Granada Plaza, 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. Benderson also purchased a retail building leased to Lowe’s Home Improvement at 10070 Estero Town Commons Place in Estero. The sellers and sales prices were not released. Benderson is based in University Park and has more than 4.5 million square feet of retail space in its development pipeline in Florida.
The cat is out of the bag for Commercial Property Assessed Clean Energy financing, or C-PACE. C-PACE financing executions across the country totaled a little more than $2 billion in both 2023 and 2024, according to PACENation, which tracks and advocates for C-PACE financing. The nonprofit association hasn’t published the final numbers for 2025 yet, but CNBC reports that Nuveen Green Capital closed more than $2 billion in C-PACE loans across 53 deals last year alone. “In less than a decade, C-PACE has grown from a niche, nuanced product to institutionally recognized,” says Rafi Golberstein, founder and CEO of PACE Loan Group (PLG), a C-PACE lender based in Minneapolis with regional offices in New York City, San Diego and Chicago. “That’s both a result of the growth of the industry to this point and what’s fueling its next phase. As the clientele has moved from mostly regional developers to include the large, national developers, the deal size has increased as well.” Earlier this year, PLG secured a $100 million C-PACE loan for Patmos, an artificial intelligence (AI) data center operator. The company is converting a glass-encased building in downtown Kansas City that once housed the operations of The Kansas City …
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