Southeast CRE News
Commercial Real Estate News
Colliers' Steve Lannon and Lee Arnold, CCIM Broker $16.25 Million Wesley Chapel Land Sale for Clearwater Bay Associates as Aventon Wesley Chapel Owner, LLC Plans 384-Unit Community
Transwestern Arranges $65M Sale of Southbank Medical Pavilion in Jacksonville to Baptist Health
BlueCrest Capital Advisors Acquires Jacksonville's Cypress Point Business Park for $28.15M in Value-Add Flex Deal
BWE Secures $69.13 Million in Multifamily Financing Across Alabama and Indiana
Landmark Properties Acquires 642-Bed Domain at Oxford in Joint Venture with Liberty Mutual Investments and Peninsula Investments Group
Quarterra and Kayne Anderson Real Estate Open 384-Unit Emblem Orange Blossom in Naples, Florida

GBX Group Acquires 35-Room NYAH Key West Boutique Hotel in Old Town Historic District
GBX Group has acquired Not Your Average Hotel (NYAH) Key West, a 35-room boutique property in Key West's Historic Old Town, in a transaction brokered by Marcus & Millichap. The deal marks the Cleveland-based firm's sixth acquisition in Florida and its latest repositioning of a historic hospitality asset.

Fogelman Properties Acquires 288-Unit The Ovilla in Red Oak, Expanding Texas Footprint
Fogelman Properties has acquired The Ovilla, a 288-unit apartment community in Red Oak, Texas, part of the Dallas-Fort Worth metro area. The purchase brings Fogelman's Texas portfolio to nine communities totaling 3,012 units under management.

Benderson Development Acquires Three Florida Retail Properties Totaling 400,000 Square Feet
Benderson Development has acquired three Florida retail properties totaling approximately 400,000 square feet, adding a Publix-anchored neighborhood center in Dunedin, a shopping center in Venice, and a Lowe's in Estero to its portfolio. The acquisitions extend a Florida development pipeline that already exceeds 4.5 million square feet of new construction.

J.G. Petrucci Company Reaches Full Occupancy at Warminster Industrial Facility With Lowe Rental Inc. and Innotech Laser Leases
J.G. Petrucci Company has fully leased its 112,500-square-foot industrial facility at 539 Jacksonville Road in Warminster, Pennsylvania, signing Lowe Rental Inc. and Innotech Laser as the building's two newest tenants. Roddy, Inc. facilitated both transactions, bringing the multi-tenant property to 100% occupancy.
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Thompson Thrift to Develop 300-Unit Rivet Apartment Community in Chelsea, Alabama
Thompson Thrift has announced plans to develop Rivet, a 300-unit Class A apartment community on nearly 29 acres along the U.S. 280 corridor in Chelsea, Alabama. The project, capitalized through the Thompson Thrift 2025 Multifamily Development, LP, is targeting first occupancy in late 2027.

Ferguson Signs 50,570-Square-Foot Office Lease at Kettler's Gasworx in Tampa's Ybor City
Fortune 500 distributor Ferguson has signed a 50,570-square-foot office lease at the Gasworx mixed-use district in Tampa's Ybor City, developer Kettler announced Aug. 13. The deal brings the six-story, 110,000-square-foot Class A office building to full occupancy ahead of its scheduled December 2026 completion.

Foundry Commercial and Principal Asset Management Close Sale of 371,000-SF Creekside Logistics in Smyrna, Tenn.
Foundry Commercial and Principal Asset Management have closed the sale of Creekside Logistics, a three-building, 371,000-square-foot Class-A industrial development in Smyrna, Tennessee. The transaction marks the seventh deal between the two firms.