Wednesday, August 27, 2025
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AcquisitionsHealthcareSouth CarolinaSoutheast

Avison Young Brokers Sale of 43,426 SF Medical Office Building in Charleston

by John Nelson

CHARLESTON, S.C. — Avison Young has brokered the sale of 61 West, a 43,426-square-foot medical office building located at 1483 Tobias Gadson Blvd. in Charleston’s West Ashley submarket. Atlanta-based SG Property Services purchased the property from an entity doing business as Tobias LLC for an undisclosed price. Gary Lyons and Gregg Legerton of Avison Young represented the seller in the transaction. 61 West was 85 percent leased at the time of sale to a mix of tenants including University Medical Associates (UM of SC), Anesthesia Associates and Parkwood Pediatrics. The property underwent extensive renovations to the lobby and common areas in 2023, according to Avison Young.

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Aston-Residences-Culver-City-CA
CaliforniaDevelopmentLoansMultifamilyWestern

Helio Group Receives $92M Construction Loan for Aston Residences in Culver City, California

by Amy Works

CULVER CITY, CALIF. — Helio Group has obtained a $92 million construction loan for Aston Residences, a to-be-built multifamily property in Culver City. Jeff Sause, Chad Morgan, Jacob Michael and Danny Ryan of JLL arranged the floating-rate loan with Affinius Capital for the borrower. Located at 10505 Washington Blvd., Aston Residences will offer 160 one-bedroom and 30 two-bedroom apartments with luxury finishes and smart home technology. Community amenities will include 5,191 square feet of ground-floor retail space, a fitness room, clubhouse, an indoor pickleball court, hot and cold plunge pools, an outdoor kitchen and bicycle parking within a three-floor garage. Completion is slated for first-quarter 2028.

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Atria-Foster-Square-Foster-City-CA
AcquisitionsCaliforniaMultifamilySeniors HousingWestern

Artemis Real Estate Partners Acquires 155-Unit Seniors Housing Community Near San Francisco

by Amy Works

FOSTER CITY, CALIF. — Artemis Real Estate Partners has acquired Atria at Foster Square, a 155-unit senior living community located in Foster City, roughly 20 miles southeast of San Francisco. Artemis purchased the property in partnership with the current operator, Atria Senior Living, which will continue to manage the community under its Atria Signature Collection brand.  Built in 2016, the property was developed as part of a mixed-use master-planned town center. Amenities at the community include a theater, fitness center, activity and game rooms, a library, courtyard, physical therapy space and multiple dining venues.  Aaron Rosenzweig and Dan Baker of JLL represented the undisclosed seller in the transaction. 

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AcquisitionsArizonaIdahoNevadaRetailUtahWestern

Newmark Mountain West Negotiates Sale of 10-Property C-A-L Ranch Store Portfolio

by Amy Works

SALT LAKE CITY — Newmark Mountain West has brokered the sale of a 10-property C-A-L Ranch store portfolio spanning Idaho, Utah, Arizona and Nevada. Integra CRE sold the portfolio for an undisclosed price. The name of the buyer was not released. Totaling more than 637,000 square feet, the retail locations serve rural and suburban communities. Chad Moore, Drew Helm and Brendan Lee of Newmark Mountain West represented the seller in the deal.

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8530-8550-S-Priest-Dr-Tempe-AZ
AcquisitionsArizonaOfficeWestern

Transwestern Brokers $20.5M Sale of Two Office Buildings in Tempe, Arizona

by Amy Works

TEMPE, ARIZ. — Transwestern Real Estate Services has arranged the sale of two office buildings located at 8530-8550 S. Priest Drive in Tempe. Widewaters acquired the asset from Target Corp. for $20.5 million. Built in 2003 and renovated in 2019, the asset features two two-story, 94,480-square-foot buildings and a two-level parking garage. The 25-acre lot offers direct access to Interstate 10 and Loop 202. Paul Borgesen, Dylan Sproul and Royden Hudnall of Transwestern represented the buyer, while Bill Bayless of CBRE represented the seller in the deal. William Zurek and Jim Achen Jr. of Transwestern joined the acquisition team to market the property for either sale or lease.

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1050-Laurel-Rd-Oakley-CA
AcquisitionsCaliforniaNet LeaseRetailWestern

RealSource Group Arranges Sale of 7-Eleven Ground Lease in Oakley, California

by Amy Works

OAKLEY, CALIF. — RealSource Group has arranged the ground lease sale of a single-tenant convenience store and fuel station located at 1050 Laurel Road in Oakley. California Capital & Investment Group sold the asset to 7-Eleven, which exercised its Right of First Refusal on the property, for an undisclosed price. Jonathan Schiffer and Austin Blodgett of RealSource represented the seller in the deal. 7-Eleven occupies the 3,795-square-foot building that was built in 2019 on 1.2 acres. The property is subject to a triple-net ground lease with over nine years remaining on the initial 15-year term, 10 percent rent increases every five years and three five-year renewal options.

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AcquisitionsMidwestMinnesotaMultifamily

JLL Brokers Sale of 95-Unit Park Villas Apartments in Waite Park, Minnesota

by Kristin Harlow

WAITE PARK, MINN. — JLL Capital Markets has brokered the sale of Park Villas Apartments, a 95-unit community situated on 7 acres in Waite Park, a city in central Minnesota. The property features 71 one-story, cottage-style units and 24 two-story townhomes for residents age 55 and older. The community was built in 1991 and renovated in 2008. Units average 931 square feet. Josh Talberg, Joseph Peris, Ken Dayton, Pat McMullen and Jack Graveline of JLL represented the seller, Podawiltz Development Corp., and procured the buyers, Noel Johnson and Jamison Kohout of Venture Development Group.

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DevelopmentIllinoisMidwestOffice

BIG Construction, Ware Malcomb Complete 24,230 SF Office for ZS in Chicago

by Kristin Harlow

CHICAGO — BIG Construction and architect Ware Malcomb have completed a new 24,230-square-foot office for ZS at 222 Merchandise Mart Plaza in Chicago. Founded in 1983, ZS is a global management consulting and technology firm. ZS maintains more than 13,000 employees in over 35 offices worldwide. The Chicago office features a mix of open work zones, closed office areas, meeting rooms and gathering spaces. A central café stands as a focal point of the design.

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IllinoisLeasing ActivityMidwestOffice

CRC Group Signs 20,000 SF Office Lease on Chicago’s Wacker Drive

by Kristin Harlow

CHICAGO — CRC Group has signed a 20,000-square-foot, full-floor office lease at 123 N. Wacker Drive in Chicago. The wholesale specialty insurance distributor will occupy the building’s 19th floor. Sterling Bay assumed leasing and management responsibilities of the property last year. Tenant amenities include a newly renovated lobby, tenant lounge, fitness center, coffee bar, conferencing center and upcoming ground-floor retail.

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AcquisitionsIndianaMidwestMultifamily

Marcus & Millichap Negotiates $4.9M Sale of Multifamily Property in Marion, Indiana

by Kristin Harlow

MARION, IND. — Marcus & Millichap has negotiated the $4.9 million sale of Park Forest Apartments in Marion, which is located about midway between Indianapolis and Fort Wayne. The 64-unit multifamily property at 1005 N. Park Forest Drive features two-bedroom units. Each 900-square-foot residence has undergone recent renovations, including new balconies, windows, HVAC systems and water heaters. Quentin Benedetto, Kyle Stengle and Jack Stanton of Marcus & Millichap represented the seller, Pentagon Investment Group. Benedetto and Stanton procured the buyer, Ross McCarthur, co-founder of Follow The Deal Investments.

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