MCM Partners announces the successful equity placement for Sandhills Gateway, a Mixed-Use Development in Fayetteville, NC
Fayetteville, NC – May 5, 2025 – MCM Partners proudly announces the closing of the Sandhills Gateway development project (the “Project”), a 36-acre mixed-use development located at the intersection of Raeford Road and the I-295 Fayetteville Outer Loop in Fayetteville, North Carolina. The Morgan Companies and CASTO Development will collaborate on the Joint Venture for the project. Debt financing was secured for the project on March 28, 2025, and will feature 33,407 square feet of outparcel shops, a lineup of national credit retail tenants anchored by a ground lease with Sheetz, and a multifamily component.
Sandhills Gateway is strategically positioned to capitalize on Fayetteville’s growth as a regional commercial hub, enhanced by the recently completed I-295 Outer Loop. The development will offer a dynamic mix of retail and residential spaces, attracting top-tier national tenants and providing modern housing options to meet the area’s growing demand. Investors are actively participating in the project, underscoring strong market confidence in its potential to transform the local economy and community.
Derek Copeland, Principal of MCM Partners, a key partner in the project, stated, “We are excited to collaborate with proven long-term development companies to bring Sandhills Gateway to fruition and present accredited investors with a compelling offering. The joint venture between The Morgan Companies and CASTO Development represents a significant opportunity to deliver a premier mixed-use destination that will serve Fayetteville’s residents and visitors alike. With a strong anchor like Sheetz and a strategic location, Sandhills Gateway is poised to become a cornerstone of the region’s growth.”
The Morgan Companies, with nearly four decades of expertise in commercial real estate development, management, and brokerage, joins forces with CASTO Development, a respected leader in retail and mixed-use projects, to ensure the project’s success. The financing, completed on March 28, 2025, enables the partnership to advance construction and leasing efforts. Terms of the transaction were not disclosed.
About The Morgan Companies
The Morgan Companies, headquartered in Charlotte, North Carolina, is a leading full-service commercial real estate firm specializing in development, management, and brokerage. With 48 years of experience, the Company delivers innovative projects that enhance communities and drive economic growth across the Southeast.
About CASTO Development
CASTO Development, based in Columbus, Ohio, is a premier real estate firm with a proven track record of developing high-quality retail and mixed-use projects nationwide. Known for its collaborative approach and commitment to excellence, CASTO creates vibrant destinations that meet the needs of tenants and communities.
For media inquiries, please contact Amanda Parrish, Director of Investor Relations at aparrish@mcm-partners.com.
About MCM Partners
MCM Partners, founded in 2015 and based in Charlotte, North Carolina, is an investment firm focused on commercial real estate and alternative assets. MCM Partners structures innovative deals with national credit tenants, delivering stable, long-term returns for investors that are non-correlated with traditional equity and fixed income markets.
