MURIETTA, CALIF. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Renaissance Village Murietta, an assisted living and memory care community located in Murietta. Built in 2016 and 2018, the property totals 142 units. Renaissance Village Murietta was the only seniors housing asset owned by the undisclosed seller, which is exiting the sector. A REIT was the buyer. Brad Goodsell, Jason Punzel and Vince Viverito of SLIB brokered the transaction.
WOODSTOCK, GA. — Atlanta-based real estate developer and investor Connolly has begun construction on Woodstock Mill District, a 118,000-square-foot shopping center located in the Atlanta suburb of Woodstock. The property is slated to open in phases throughout the second half of 2026. Ameris Bank is providing construction financing for the project. Scott McGregor and Bo Schill of CBRE represented Connolly in the land acquisition, while John Haynes, also with CBRE, represented the land seller. The project team features Place Maker Design (architect), Robertson Loia Roof PC (civil engineer) and Benning Construction (general contractor). Woodstock Mill District will comprise 90,000 square feet of new retail space, including a 46,791-square-foot Publix grocery store that will serve as the anchor tenant. Additionally, the development will include six freestanding buildings ranging in size from 3,500 to 13,750 square feet. Towne Lake Plaza, an existing 28,000-square-foot shopping center which sits adjacent to Woodstock Mill District, will soon be rebranded to join the new development. Connolly originally acquired Towne Lake Plaza in 2021. Connolly has selected Ed O’Connor and Mindy Elms of Lavista Associates Inc. to handle leasing for Woodstock Mill District.
ROCK HILL, S.C. — Crescent Communities has completed the sale of AXIAL Southgate 77, a 220,281-square-foot industrial property situated within Antrim Business Park in Rock Hill, roughly 15 miles south of Charlotte. The buyer was Washington, D.C.-based Penzance. Nolan Aston, Tommy Whitmore, Rob Speir and Pheobe Dinga of Colliers represented the Charlotte-based seller in the transaction. The sales price was not disclosed. Developed in 2024 on 30 acres, AXIAL Southgate 77 features two buildings spanning 50,276 square feet and 220,281 square feet. The property, which was fully leased to three tenants at the time of sale, includes 32-foot clear heights, rear-load capacity, concrete tilt-wall construction and ample parking. Capital partners for AXIAL Southgate 77 include Atlantic Union Bank and Faison. Additionally, the design-build team included Choate Construction (general contractor), JTM Capital and The Tuttle Co. (development) and Progressive Cos. (architect and civil engineering).
BIRMINGHAM, ALA. — Marcus & Millichap has brokered the $11 million sale of Spark by Hilton Birmingham Colonnade, a 122-room hotel located at 4300 Colonnade Parkway in Birmingham. The hotel’s amenities include a bagel bar, lounge, indoor swimming pool, onsite market, 24-hour fitness center, pet-friendly rooms and complimentary breakfast. Originally opened in first-quarter 2025, the four-story hotel sits on roughly 2.3 acres. Jack Davis, Joce Messinger, Joseph Simpson and Eric Webster of Marcus & Millichap represented the seller in the transaction. Eddie Greenhalgh was Marcus & Millichap’s broker of record in Alabama. The buyer and seller requested anonymity.
MINNEAPOLIS — SPS Commerce has renewed its 200,000-square-foot office lease for its corporate headquarters at SPS Tower in downtown Minneapolis. The namesake tenant has occupied space at the property, owned by Sumitomo Corp. of Americas, for 20 years. SPS Commerce’s project partners include Rokos Advisors, Greiner Construction and Gensler, which will shape the office design. Rokos represented the company in evaluating its office space. Transwestern handles management and leasing for SPS Tower, which totals 655,070 square feet. Occupancy exceeds 75 percent. Transwestern, in collaboration with Mission Construction and Studio BV, completed $8 million in updates in 2024 and 2025 that included creating two spec suite floors and an adjoining two-story tenant lounge, renovating the first-floor lobby and adding FRGMNT Coffee. The Turf Club, the largest lawn in downtown Minneapolis, includes a 6,000-square-foot, seven-hole putting green and bocce courts.
OAK CREEK, WIS. — BWE has secured $33.6 million in permanent financing for Heyday Oak Creek, a 130-unit build-to-rent community in the Milwaukee suburb of Oak Creek. Dan Rosenberg, Tim Caffrey and Logan Petersmeyer of BWE arranged the Fannie Mae loan on behalf of Heyday, a Chicago-based developer specializing in build-to-rent communities. The financing paid off the construction loan and closed immediately upon the conclusion of the property’s initial lease-up. The recently built property includes 22 ranch-style buildings with a mix of one-, two- and three-bedroom homes.
LINCOLN, NEB. — Timpte Inc., which designs and builds trailers, has launched operations at its new facility in Lincoln that will produce and ship agricultural equipment nationwide. The project represents a $28 million investment, bolstered by an additional $7 million allocated to manufacturing technologies and equipment. Timpte moved its Lincoln operations from 3400 W. O St. to the larger facility, which totals 190,000 square feet. The new location houses Thunderstone Manufacturing LLC operations, equipment trailer product lines and serves as the company’s national parts distribution center. The new facility will produce between 8,000 and 10,000 grain trailer tarps each year. Timpte has added about 20 employees at the Lincoln site and expects to employ more than 100 people there in the next few years. The project sits on more than 1 million square feet of land, allowing for future expansion.
HILLSIDE, ILL. — Edgemark has acquired Hillside Town Center, a 160,330-square-foot shopping center in the Chicago suburb of Hillside. Built in 2009, the property is located at the intersection of I-290 and Mannheim Road and was 99 percent occupied at the time of sale. Some of the tenants include HomeGoods, Ross Dress for Less and Petco. Michael Nieder and Brian Page of JLL represented the seller, Hutensky Capital Partners.
EAGAN, MINN. — CBRE has negotiated a lease renewal and expansion for Sonex Health at Grand Oak IV, a 43,200-square-foot industrial property in the Minneapolis suburb of Eagan. The company is expanding its footprint from 20,000 to 31,000 square feet. CBRE’s Mike Bowen and Matt Oelschlager represented the tenant, which is an Eagan-based medical device company founded in 2014 by two former Mayo Clinic physicians.
BOCA RATON, FLA. — CP Group and DRA Advisors have executed more than 266,000 square feet of leasing activity at Boca Raton Innovation Campus (BRiC), a 1.7 million-square-foot office campus located in Boca Raton. The deals feature three new tenants and three lease renewals. The new leases include healthcare staffing firm Allstar Recruiting Locums LLC (42,697 square feet), home warranty provider Cinch Home Services (32,888 square feet) and tech company EchoTwin AI’s first office location (2,704 square feet). Meanwhile, healthcare technology company Modernizing Medicine renewed its 127,821-square-foot lease at the property, Everglades University renewed its 52,582-square-foot lease and financial services company Newtek renewed its 7,810-square-foot lease. Jeff Kelly of CBRE represented CP Group in all lease transactions at BRiC. Ryan Nunes and Alan Kleber of Cushman & Wakefield represented Allstar Recruiting Locums LLC, Cinch Home Services and Modernizing Medicine. Zach Wendelin of JLL and Adam Bernstein, who has since joined Stream Realty, represented Everglades University in the lease negotiations. Additionally, a $100 million renovation at BRiC has included the redevelopment of the former IBM R&D facility, which has been transformed to feature an onsite wellness center run by Boca Raton Regional Hospital, the addition of two coffee shops and a grab-and-go …
