Southeast

Robins & Morton Tops Out $563M BayCare Hospital Manatee in Palmetto, Florida

by John Nelson July 16, 2026

PALMETTO, FLA. — General contractor Robins & Metro has topped out BayCare Hospital Manatee, a $563 million hospital underway in Palmetto, a city in Southwest Florida’s Manatee County. Situated one mile from the junction of I-75 and I-275, the 450,000-square-foot hospital will offer 154 beds in private patient rooms. Gresham Smith designed the hospital as well as the adjacent BayCare HealthHub clinic on behalf of BayCare. The Florida-based healthcare system plans to open BayCare Hospital Manatee, its 17th hospital, in 2028. The BayCare HealthHub facility is expected to open later this year.

July 16, 2026

Acquisitions Multifamily Southeast Virginia

Capital Square Sells 2000 West Creek Apartments in Richmond for $115M

by John Nelson July 16, 2026

RICHMOND, VA. — Capital Square has sold 2000 West Creek, a 373-unit apartment community in Richmond, for $115 million. The locally based company purchased the property in 2019 in a Delaware statutory trust program (DST) for $103 million, giving the trust’s 115 exchange investors a 137 percent total return and more than $17.5 million in distributions during Capital Square’s seven-year hold period. Will Mathews, Thomas Leachman and William Dickinson of Colliers represented the undisclosed seller in the transaction. 2000 West Creek sits on 23 acres and offers one- and two-bedroom apartments and townhomes ranging in size from 774 to 1,246 square feet. Amenities include reserved and garage parking, rentable storage units, bike storage, a coffee bar, conference and meeting rooms, a community lounge and clubhouse, heated saltwater swimming pool, firepit, grilling stations, package and storage system, gift wrapping station, fitness center, dog park and pet spa, media lounge, billiards/game room and a convenience center.

July 16, 2026

Acquisitions Louisiana Retail Southeast

Marcus & Millichap Arranges Sale of 33,744 SF Retail Center in Prairieville, Louisiana

by John Nelson July 16, 2026

PRAIRIEVILLE, LA. — Marcus & Millichap has arranged the sale of Commerce Centre, a 33,744-square-foot retail center located at 17097 Airline Highway in Prairieville, about 18 miles southeast of Baton Rouge. Built in 2015 on four acres, the multi-tenant retail center features 14 suites that were 72 percent occupied at the time of sale. Cole Voyles, Gus Lagos and Alex Wolansky of Marcus & Millichap’s Houston office represented the seller, a local owner, in the transaction. Steve Greer, Marcus & Millichap’s broker of record in Louisiana, participated in the negotiations. The buyer was an unnamed, East Coast-based investor. The sales price was also not disclosed, but Commerce Centre traded at the full asking price, according to Marcus & Millichap.

July 16, 2026

Acquisitions Florida Industrial Southeast

NAI Miami | Fort Lauderdale Brokers $6.6M Sale of Industrial Site in Medley, Florida

by John Nelson July 16, 2026

MEDLEY, FLA. — NAI Miami | Fort Lauderdale has brokered the $6.6 million sale of a 2.6-acre industrial site located at 7501 N.W. 72nd Ave. in Medley, about 14 miles northwest of Miami. Locally based Tekton Construction Corp. purchased the site from the seller, an entity doing business as 7501 Medley Civil LLC. Larry Gautier and Michael Holmquist of NAI Miami | Fort Lauderdale represented the seller in the transaction. The site, which features an existing facility, fronts Milam Dairy Road (State Route 969) and provides convenient access to U.S. Highway 27. Future plans for the site were not released.

July 16, 2026

Development Georgia Industrial Southeast

Automotive Fluid Distributor to Invest $170M for Metro Atlanta Distribution Center

by John Nelson July 15, 2026

MCDONOUGH, GA. — Highline Warren, a distributor of cleaners and other fluids for the automotive and industrial sectors, has announced plans to invest $170 million in a new logistics hub in metro Atlanta. The Memphis-based company will build-out and occupy the former Zinus building, a 1.1 million-square-foot distribution center located at 830 Highway 42 S in McDonough. Highline Warren plans to begin operations at the facility by the end of the year and create 160 new jobs in the area. Civic partners involved in Highline Warren’s site selection include the Metro Atlanta Chamber, the City of McDonough, Georgia Department of Economic Development, the Henry County Development Authority and Georgia EMC. According to the company’s website, Highline Warren has more than 1,700 employees and operates 12 distribution centers and nine manufacturing plants.

July 15, 2026

Development Florida Loans Multifamily Southeast

JLL Arranges $76.8M Construction Loan for Multifamily Development in Jacksonville Beach

by John Nelson July 15, 2026

JACKSONVILLE BEACH, FLA. — JLL has arranged a $76.8 million construction loan for a 415-unit multifamily development in Jacksonville Beach. Mark West led the JLL team in arranging the four-year, floating-rate loan through Ameris Bank on behalf of the borrower, Trevato Development Group. Located along Beach Boulevard, the community will feature a mix of one-, two- and three-bedroom apartments averaging 989 square feet in size, as well as 1,800 square feet of retail space. Amenities will include multiple courtyards, a pool complex with cabanas and a sun shelf, fitness centers, coworking spaces, outdoor summer kitchens, bocce ball courts, hammock islands and a dog park with a washing station. Trevato broke ground on the property on July 1 and plans to deliver the first units by fourth-quarter 2028.

July 15, 2026

Development Georgia Southeast Student Housing

CCI Real Estate Underway on 353-Bed Student Housing Development Near University of Georgia

by John Nelson July 15, 2026

ATHENS, GA. — CCI Real Estate has begun construction on 290 Lumpkin, a 353-bed student housing development located near the University of Georgia campus in Athens. The community is being developed in partnership with the Georgia Baptist Mission Board and will include ministry space for Baptist Collegiate Ministries. The development team for the project, which is scheduled for completion in summer 2027, includes New South Construction. The eight-story community will offer 243 fully furnished units in studio, one- and two-bedroom configurations. The property will also feature a Three Tree Coffee location on the ground floor and a 356-space parking deck. Shared amenities are set to include a fitness and wellness center; landscaped courtyards; study and lounge spaces; a rooftop deck with a living garden and pool; pickleball and basketball courts; and grilling stations. Preleasing for the property will begin this fall.

July 15, 2026

Development North Carolina Office Southeast

Trinity Capital, Town Lane Begin Renovations for 15-Story Office Building in Uptown Charlotte

by John Nelson July 15, 2026

CHARLOTTE, N.C. — Trinity Capital Advisors and Town Lane have begun renovations on 440 South Church, a 15-story, 388,657-square-foot office building in Uptown Charlotte. Current tenants at the Class A property include Driven Brands and HDR Engineering. Updates to 440 South Church will include a redesigned lobby, new lounges, upgraded building systems and renovations to the street-level arrival points, amenities and common areas. Trinity Capital originally developed 440 South Church in 2009 and acquired the property last October in a joint venture with Town Lane. The design-build team for the renovation includes architectural firm Redline Design Group and general contractor Choate Construction. The team plans to finalize the renovation work by early second-quarter 2027.

July 15, 2026

Acquisitions Multifamily North Carolina Office Southeast Top Stories

Lincoln Acquires Spectrum, Doubling Down on Carolinas Region

by Kristin Harlow July 15, 2026

DALLAS AND CHARLOTTE, N.C. — Global real estate company Lincoln Property Co. has acquired The Spectrum Cos., a full-service real estate firm based in Charlotte. The acquisition enhances Lincoln’s platform in the Carolinas region. Johno Harris, senior executive vice president at Lincoln, and Stephen McClure, CEO of Spectrum, will be leading Lincoln’s Carolinas platform, which will now also include Spectrum’s Northern and Central Florida’s multifamily business. Since its inception in 1982, Spectrum has developed nearly 7,000 multifamily units and currently leases and manages a total of 4.4 million square feet of assets. With this new partnership and investment in the platform, the combined firm is poised to ramp up its development and acquisition pipeline across both multifamily and commercial real estate. “Our shared values are the foundation for seamless integration, and Lincoln’s full-service platform and national resources will only strengthen what we’ve already built,” says McClure. Darryl Dewberry, Spectrum’s executive chairman, will continue in his role to ensure continuity for the development and investment partnerships he has helped cultivate across the Carolinas. Lincoln says the acquisition broadens its product offerings in the region and deepens its capacity to serve clients, pursue opportunities and compete more effectively. Dallas-based Lincoln is one …

July 15, 2026

Acquisitions Florida Hospitality Restaurant Retail Southeast

Bass Pro Shops Acquires 27-Acre Cheeca Lodge & Spa Resort in Florida Keys

by John Nelson July 14, 2026

ISLAMORADA, FLA. — Bass Pro Shops, an outdoors retailer based in Springfield, Mo., has purchased Cheeca Lodge & Spa, a 27-acre resort in the Florida Keys city of Islamorada that was established in 1946. Northwood Investors sold the property to Bass Pro Shops but will continue to manage the 254-room resort and grounds, which includes multiple hotel layouts; several restaurants and bars, including the Pierre’s Restaurant and Beach Café & Bar and 25 South tiki bar; indoor meeting spaces and conference rooms; three swimming pools, including a zero-entry oceanfront pool; a fitness center and spa with treatment rooms; nine-hole golf course designed by Jack Nicklaus; pickleball and tennis courts; the World Wide Sportsman Store & Marina; and the longest fishing pier in the Keys. The property also includes staff housing and operates under a mixed ownership structure comprising 169 fee-simple hotel rooms and 85 third-party-owned condominiums participating in the rental program. Daniel Peek, Andrew Dickey, Chris Drew and Maciej Polek of JLL represented Northwood Investors, which has owned and managed the Cheeca Lodge & Spa for the past 15 years. The sales price and future plans for the resort were not disclosed.

July 14, 2026

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