REBusinessOnline

Kroger, Ocado to Open 350,000 SF Customer Fulfillment Center in Suburban Maryland

FREDERICK, MD. — The Kroger Co. and Ocado, an online grocer based in England, will develop a 350,000-square-foot customer fulfillment center in Frederick. The new automated warehouse facility will service several nearby markets such as Baltimore, Philadelphia and Washington, D.C. When fully operational, the facility will house 400 employees and feature digital and robotic capabilities. The site is located at 7106 Geoffrey Way, 55 miles west of downtown Baltimore and 65 miles north of downtown …

Development, Industrial, Maryland, Southeast

Alliance Residential to Develop 320-Unit Multifamily Community in Charlotte

CHARLOTTE, N.C. — Alliance Residential Co. has acquired 15 acres in south Charlotte to develop Broadstone Ayrsley, a planned 320-unit multifamily community. Alliance Residential will begin construction this year and expects to welcome its first residents in 2021. Named Broadstone Ayrsley, the property will comprise one-, two- and three-bedroom apartments and townhomes averaging 939 square feet. Amenities will include a pool, clubroom, fitness center, dog park and a walking path on property. …

Development, Multifamily, North Carolina, Southeast

Seefried, MDH Partners Purchase 20 Acres in East Orlando to Construct Two-Building Industrial Property

ORLANDO, FLA. — Seefried Industrial Properties and MDH Partners LLC have purchased 20 acres in east Orlando to construct Narcoossee Logistics Center, a two-building industrial campus. The first building will span 160,000 square feet and the second will total 120,000 square feet. Both buildings will feature 32-foot clear heights, 130-foot concrete truck courts, an ESFR sprinkler system and a combined 71 dock high doors. The site is situated near State Road 528 and Narcoossee Road, about five …

Development, Florida, Industrial, Southeast

RADCO Sells 2,769-Unit Multifamily Portfolio in Texas, Oklahoma

HOUSTON, TULSA AND OKLAHOMA CITY— The RADCO Companies, a value-add multifamily investment firm based in Atlanta, has sold a portfolio of 10 apartment properties totaling 2,769 units in Texas and Oklahoma. The communities were built in the 1970s and 1980s and are located in Houston, Tulsa and Oklahoma City. Shea Campbell, Colleen Hendrix and Ashish Cholia of CBRE’s Southeast Multifamily team worked with CBRE’s Clint Duncan and Matt Phillips in Texas and Brian Donahue in Oklahoma to arrange …

Acquisitions, Multifamily, Texas

Buchanan Mortgage Funds $55M Construction Loan for The Orchard Mixed-Use Project in Azusa, California

AZUSA, CALIF. — Buchanan Mortgage Holdings has closed a $55 million loan for construction of The Orchard, a mixed-used residential and retail development in Azusa, approximately 20 miles east of Los Angeles. The borrower, Serrano Development Group, will use the loan to construct 163 market-rate apartments and 31,700 square feet of retail space. The transit-oriented development will be located in downtown Azusa at the corner of North Azusa Avenue and U.S. Route 66. The project will consist …

California, Development, Loans, Mixed-Use, Multifamily, Retail, Western

St. Joe, Flournoy to Develop 300-Unit Apartment Complex in Panama City Beach

PANAMA CITY BEACH, FLA. — A joint venture between the St. Joe Co. and Flournoy Development Co. will develop a 300-unit apartment complex in Panama City Beach’s Breakfast Point neighborhood. The community will feature four four-story buildings; one-, two- and three-bedroom floor plans; elevators; and air-conditioned corridors. Community amenities will include a pool, wellness and health studio, playground, covered boat and RV parking, dog parks and pickleball courts. Construction is expected …

Development, Florida, Multifamily, Southeast

Trammell Crow Underway on 350-Unit Apartment Project in Metro Houston

CYPRESS, TEXAS — Trammell Crow Residential is underway on construction of a 350-unit apartment project along Spring Cypress Road in the northwestern Houston suburb of Cypress. The Class A, garden-style community will be situated on 14.4 acres. The groundbreaking was held in December. Dosch Marshall Real Estate represented Trammell Crow in the land acquisition. The seller(s) in that transaction was not

Acquisitions, Development, Multifamily, Texas

MAB American to Break Ground on $80M Monroe Pavilion Shopping Center in Metro Atlanta

MONROE, GA. — MAB American Management plans to break ground in the first quarter on Monroe Pavilion, an $80 million shopping center situated on a 100-acre site in Monroe, an Atlanta suburb in Walton County. The property’s leasing agent, Retail Specialists, has signed several retailers to join the tenant roster of the 350,000-square-foot project, including Publix, Ross Dress for Less, Ulta Beauty, Marshalls, Rack Room Shoes and Five Below. Beau Young of Retail Specialists is also targeting …

Development, Georgia, Retail, Southeast

Sysco Completes Expansion of 150,000 SF Food Processing Facility in Orlando

ORLANDO, FLA. — Sysco Corp., a global food distribution and marketing organization, has completed the expansion of FreshPoint Central Florida, a food processing facility located at 8801 Exchange Drive in Orlando. FreshPoint, Sysco’s specialty produce company, operates the facility. The expansion doubles the facility’s size to 150,000 square feet and includes a new culinary center for demonstrations and staging, new equipment for produce processing, LED lighting, energy-efficient coolers …

Development, Florida, Industrial, Southeast

Capitol Seniors Housing Opens 88-Unit Arbor Terrace Mount Laurel in New Jersey

MOUNT LAUREL, N.J. — Capitol Seniors Housing has opened Arbor Terrace Mount Laurel, an 88-unit seniors housing community located on the eastern outskirts of Philadelphia. The 75,000-square-foot community offers assisted living and memory care services and amenities such as a bistro, theater room, art studio, technology lounge and fitness center. Meyer Senior Living Studio designed the

Development, Multifamily, New Jersey, Northeast, Seniors Housing
Content Partners
Lee & Associates
Walker & Dunlop

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