JACKSONVILLE, FLA. — A joint venture between Cincinnati-based Viking Partners and Decker Capital has acquired an eight-building industrial portfolio in Jacksonville for $26.5 million. The multi-tenant portfolio spans 198,360 square feet and is situated in the city’s Southside industrial submarket near the Port of Jacksonville. The portfolio was roughly 90 percent leased at the time of sale and represents Viking’s second industrial acquisition in Florida this year.
SUNNYVALE, CALIF. — Colliers has negotiated the sale of 1250 Lakeside, an apartment property located at 1250 Lakeside Drive in Sunnyvale. Completed in 2021, 1250 Lakeside features 250 studio, one- and two-bedroom apartments, averaging 807 square feet, with floor-to-ceiling windows, private terraces and high-end finishes. Community amenities include coworking lounges, a pet spa and more than 100,000 square feet of outdoor common spaces. Peter Nicoletti and Will Matthews of Colliers represented the seller in the transaction.
CHANDLER, ARIZ. — Phoenix Commercial Advisors has arranged the sale of Chandler Sunset Plaza, an entertainment- and fitness-anchored shopping center on 13 acres at the northeast corner of Rural and Ray roads in Chandler. The asset traded for $25.9 million, or $242 per square foot. Totaling 107,320 square feet, the property was 95 percent leased to a mix of national and local tenants, including Pickleball Kingdom, Jack in the Box, First Watch and Own Your Dream Sports Academy. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the deal.
SEATTLE — Kidder Mathews has arranged the sale of Borealis Apartments, a multifamily property at 109 Dexter Ave. in Seattle’s South Lake Union neighborhood. Dylan Simon, Jerrid Anderson and JD Fuller of the Simon | Anderson Multifamily Team at Kidder Mathews represented the undisclosed buyer and undisclosed seller in the deal. Built in 2008, Borealis offers 53 studio, one- and two-bedroom apartments averaging 622 square feet. Onsite amenities include a community deck, secure parking and onsite retail tenants, Simply Dental and Oculus Eyesore. Borealis’ affordability covenant expires in April 2028, enabling the opportunity for future income growth and repositioning opportunities.
PORTLAND, ORE. — NSW Corp. has acquired Lower Burnside Lofts, a multifamily property at 60 S.E. 10th Ave. in Portland, from Berkshire Residential Investments for $14 million. Situated in Southeast Portland’s Buckman neighborhood, Lower Burnside Lofts offers 63 apartments and a blend of modern amenities and eco-friendly design. Josh McDonald, Joe Nydahl and Matt Dodd of CBRE represented the buyer and seller in the deal.
HENDERSON, NEV. — CBRE has brokered the sale of a two-building office portfolio located at 8925 and 8975 S. Pecos Road in Henderson. A&C Pahrump Capital acquired the properties from Pecos Beltway Holdings LLC for $6.5 million. The portfolio offers 26,840 square feet of office space. Michael Hsu of CBRE represented the seller in the transaction.
CHICAGO — Greenstone Partners has arranged the $18.2 million sale of Block Belmont, a newly constructed multifamily property with 54 units in Chicago’s Belmont Cragin neighborhood. Jordan Multack of Greenstone represented the seller, a Chicago-based developer, and procured the buyer, a private, local 1031 exchange investor. Located at 6336-6360 W. Belmont Ave., the asset offers a mix of simplex and duplex layouts as well as onsite parking.
MONONA, WIS. — Mid-America Real Estate Corp. has negotiated the sale of Pier 37, a shopping center in Monona, a suburb of Madison. The 117,078-square-foot, grocery-anchored property features a freestanding Metro Market, one of the most popular grocery chains in Wisconsin by market share and number of locations. The center is also home to Staples, Woodcraft, Buffalo Wild Wings, Starbucks, Jimmy John’s and Verizon. Rick Drogosz and Patrick Corrigan of Mid-America represented the seller, United Properties. Galway Cos. Inc. was the buyer.
CHICAGO — Kiser Group has brokered the sale of a newly constructed, 24-unit luxury apartment building in Chicago’s Lincoln Park neighborhood for $13.2 million. Katie LeGrand and Jacob Price of Kiser represented the undisclosed seller. Completed in 2025, the five-story property primarily comprises two- and three-bedroom units. The asset features a rooftop amenity deck with a pickleball court, outdoor kitchen and sundeck.
HOUSTON — Texas-based developer Constellation Real Estate Partners has sold Constellation Post Oak, a 424,011-square-foot industrial complex in southwest Houston. Announced in March 2022 and developed in partnership with a fund advised by Crow Holdings Capital, the property comprises a 304,400-square-foot, cross-dock building with 36-foot clear heights and a 121,800-square-foot, front-load building with 32-foot clear heights. Nathan Wynne of CBRE represented Constellation in the sale. The buyer, LBA Realty, was self-represented.