JACKSONVILLE, FLA. — CIP Real Estate, a real estate investment firm based in Irvine, Calif., has purchased JAX Airport Logistics Center, a newly built, two-property industrial park adjacent to Jacksonville International Airport. Pan American Co. sold the 30.2-acre property to CIP for $51.6 million. Colliers brokered the sale, and CIP obtained a $35.6 million bridge loan for the acquisition. Located at 14825 International Airport Blvd., the 425,000-square-foot industrial park was delivered in December 2025. JAX Airport Logistics features four speculative office suites, dock packages and ramps, trailer parking, 250-foot building depths, 32-foot clear heights and Class A logistics space divisible to unit sizes ranging from 25,000 to 225,000 square feet. CIP has selected Guy Preston, Seda Preston and John Cole of Colliers to handle the leasing assignment at JAX Airport Logistics Center.
RALEIGH, N.C. — JLL has arranged the sale of Live on Hillsborough, a 376-bed student housing community located near the North Carolina State University (NC State) campus in Raleigh. Teddy Leatherman, Scott Clifton, Kevin Kazlow and Alex Nordlinger of JLL represented the sellers, TPG Angelo Gordon and Horizon Realty Advisors, in the disposition. The buyer and terms of the transaction were not released. Built between 2013 and 2019, the community offers 203 fully furnished units in studio, one-, two- and three-bedroom configurations. Shared amenities include a 24-hour fitness center, coffee bar, resort-style pool, outdoor lounge spaces and barbecue grills.
SPARKS, NEV. — Westmount Realty Capital has purchased Lillard Drive Industrial portfolio in Sparks. Terms of the transaction were not disclosed. Totaling 809,138 square feet, the Class A asset features three buildings located at 350, 360 and 450 Lillard Drive. At the time of sale, the portfolio was 90 percent leased to international and regional logistics and supply chain tenants. The buildings offer 24- to 26-foot clear heights, abundant dock-high and drive-in loading, ESFR sprinklers and a Union Pacific rail spur.
SOUTH WINDSOR, CONN. — CBRE has negotiated the $98.2 million sale of The Shops at Evergreen Walk, a 357,742-square-foot retail power center located outside of Hartford in South Windsor. A newly opened Whole Foods Market anchors the center, which is located within a larger master-planned development. Other tenants include L.L. Bean, Apple, Anthropologie, Pottery Barn, Williams-Sonoma, lululemon, Golf Lounge 18, J.Crew Factory, Gap Factory, Nike and Bluemercury. Nat Heald led the CBRE team that represented the seller, PGIM Real Estate, in the transaction. Scott Aiese led a JLL team that arranged a $76.9 million acquisition loan through an unnamed international bank on behalf of the buyer, a joint venture between Brand Street Properties and Barings. Chris Angelone and Zach Nitsche, also with JLL, structured the joint venture equity investment.
GOODYEAR, ARIZ. — Hanley Investment Real Estate Advisors has arranged the $23 million sale of Mountain Ranch Marketplace, a 49,683-square-foot shopping center located in Goodyear, approximately 19 miles west of Phoenix. Originally built in 2009 on 12.4 acres, Mountain Ranch Marketplace was 94.6 percent occupied at the time of sale to tenants such as AutoZone, Starbucks, Papa John’s Pizza, Subway, Leslie’s Pool Supplies, Verizon, Edward Jones, North Star Animal Hospital, Oasis Bagels, T&T Martial Arts Academy and Great Clips. Tenants not included in the sale are Safeway, McDonald’s, Taco Bell, Walgreens and Chase Bank. Bill Asher, Jeremy McChesney and Lee Csenar of Hanley represented the buyer, Bershon Realty Co., in the transaction. Ryan Schubert, Michael Hackett and Zach Aulick of CBRE represented the seller and developer, Kitchell Development Co.
PASADENA, CALIF. — Newmark has negotiated the sale of The Chamber of Commerce Building, an office property located at 117 E. Colorado Blvd. in Pasadena. A partnership led by Pasadena-based investor Pete Klutzier and his company, Edgewood Realty Partners, acquired the asset for an undisclosed price. Built in 1904 in the tradition of Beaux-Arts architecture, The Chamber of Commerce Building offers 82,025 square feet of 84 percent leased office space and an adjacent standalone parking structure at 48 N. Raymond Ave. The building has undergone significant upgrades over the years and caters to the needs of small- to mid-sized tenants. Kevin Shannon, Rob Hannan, Ken White, Laura Stumm and Michael Moll of Newmark represented the undisclosed seller in the deal.
TUCSON, ARIZ. — Tucson Newcrest has acquired 62,750 square feet of retail space at Eastpoint Marketplace, located at 6964-6970 E. 22nd St. in Tucson. Eastpoint Kolb Additional Investors LLC, JRSL LLC, Union Financial Management Services and JDW CAT 10 sold the asset for $12.8 million. Rob Tomlinson of Cushman & Wakefield | PICOR represented the buyer and seller in the deal.
LAKEVILLE, MINN. — A joint venture between PCCP and RPM Living has acquired Livery Modern Apartments, a 204-unit community in Lakeville, about 22 miles south of the Minneapolis central business district. Built in 2023, the property features 22 two-story buildings with a mix of floor plans that range from 868 to 1,505 square feet. Amenities include a pool, fitness center, pet park and bike repair station. The seller and sales price were undisclosed.
NEW BERLIN, WIS. AND VALPARAISO, IND. — Colliers has arranged the sale-leaseback of an approximately 290,000-square-foot industrial portfolio for tenant Dynatect Manufacturing Inc., a provider of engineered equipment protection and safety solutions. The portfolio comprises two facilities in New Berlin, Wis., and an additional property in Valparaiso, Ind., within the Chicago metro area. New Berlin-based Dynatect executed a long-term lease across all three properties. Tom Shepherd, John Kardelis and Jennifer Huber-Bullock of Colliers represented Dynatect as its exclusive real estate advisor. CIM Group was the buyer.
CHICAGO — SVN Chicago Commercial has brokered the sale of a 21-unit apartment building located at 4201 S. Michigan Ave. in Chicago’s Bronzeville neighborhood. The asset sold for $4 million through a debt assumption structure. Joe Connelly of SVN Chicago represented both parties in the sale. The property features 15 two-bedroom units and six three-bedroom residences.