CRE Transactions in the Southeast (Week of October 26)

The fourth quarter has brought more than a handful of interesting transactions across the U.S. Southeast, and this week is no exception, with highlighted deals across office, industrial and retail. Check out our selection of the most recent commercial real estate transactions across markets including Atlanta, Charlotte, Miami, Raleigh-Durham, Tampa and others.

Atlanta

Elmington Residential has purchased The Asher at Sugarloaf, a 260-unit affordable housing community in Lawrenceville, Ga., with an $18 million equity investment from American South Capital Partners. Patterson Real Estate Advisory Group arranged the capital. All apartments remain income-restricted.

Charlotte

St. John Properties Inc. has acquired 24 acres near Collins Road and Carolina Highway in Indian Land, S.C., for Carolina Crossing, its first South Carolina project. The development will feature nearly 90,000 square feet of industrial flex and office space across three buildings.

Florida

Sorrento Property Group has sold two multifamily communities totaling 173 units for $30 million: 82-unit Allaire on 41st Street in Pembroke Pines, Fla., and 91-unit The Reserve at Pensacola in Pensacola, Fla. The dispositions form part of a four-property, $93 million sales program.

Fort Lauderdale

Grover Corlew has purchased the 235,211-square-foot office tower at 200 E. Broward Blvd. in Fort Lauderdale, Fla., from Banyan Street Capital for $69.7 million. JLL brokered the sale and arranged $63.4 million in acquisition financing from BridgeInvest.

Georgia

A national owner-operator has acquired the Southern Bloom Portfolio, three senior housing communities totaling 177 assisted living and memory care units. The Benton House properties are in Grayson, Ga., Woodstock, Ga., and Clermont, Fla. Berkadia represented the seller.

Greensboro

Richardson Properties has sold Renaissance Plaza, a 287,464-square-foot office tower at 230 N. Elm St. in Greensboro, N.C., to Appian Investments for $22 million. CBRE advised the seller. The 19-story property debuted in 1990.

Hickory

Box Equities has purchased a 395,990-square-foot industrial facility at 2555 Penny Road in Claremont, N.C., from Maguire Hayden Real Estate for $22.1 million. JLL represented the seller. CertainTeed leases the entire building.

Lakeland-Winter Haven

A private owner has sold the 685,000-square-foot industrial distribution center at 400 Winter Haven Blvd. in Winter Haven, Fla., to a family-owned business for $133 million. SRS Capital Markets advised both parties. Sherwin-Williams occupies the entire property under a long-term lease.

Memphis

Berkadia has arranged the sale of Hearthside Senior Living Bartlett, a 67-unit assisted living community in Bartlett, Tenn., representing the seller. An Allegro Living affiliate will continue operating the senior housing property, which spans 8.5 acres along the Summer Avenue/U.S. Highway 70 corridor.

Miami

BGO and Banner Property Group have acquired Realterm‘s approximately 160,000-square-foot cold storage facility at 12345 NW 38th Ave. in Opa-Locka, Fla. JLL handled seller representation and acquisition financing. The property is fully leased.

Mainstreet Capital Partners and Partners Group have sold North 40, a two-building, 354,376-square-foot office portfolio in Boca Raton, Fla., to Related Ross for $64 million. JLL represented the sellers. The properties near Congress Avenue and Yamato Road were 74 percent leased.

Montgomery

A private investor has purchased a Kangaroo Express retail property at 2906 Atlanta Highway in Montgomery, Ala., for $3 million. The Boulder Group advised the buyer. The gas station and convenience store has a triple-net lease with four five-year extension options.

North Carolina

Starwood Capital Group affiliates have acquired the Cambridge Village Portfolio, three senior housing communities totaling 636 independent living units in Apex, N.C., Raleigh, N.C., and Wilmington, N.C. BWE Investment Sales arranged the transaction. Solera Senior Living will assume operations.

Tampa

IP Capital Partners has sold Bayside Center, a 214,854-square-foot office campus along U.S. Route 19 in Clearwater, Fla., to Melrose Solomon for $18.7 million. Institutional Property Advisors and Marcus & Millichap represented the seller and procured the buyer. IPA also secured acquisition financing.

Winston-Salem

Granite Canyon Partners has purchased Brewer Crossing, a 119,180-square-foot retail center at 2690 Peters Creek Parkway in Winston-Salem, N.C., for $9.6 million from a Rosen Equities LLC and Leverton family partnership. JLL advised the seller. The property was 98 percent occupied.

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NOTE: Articles in this series are shaped using AI-assisted workflows and reviewed by newsroom editors prior to publishing.