Tuesday, December 30, 2025
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DevelopmentFloridaIndustrialSoutheast

MWI Property Group Delivers 192,924 SF Industrial Facility in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — MWI Property Group has delivered a new 192,924-square-foot industrial facility located at 9395 Pritchard Road in Jacksonville. The facility is situated within Westlake Commerce Center, which features a 337,104-square-foot building delivered earlier this year. Guy Preston, Seda Preston and John Cole of Colliers are leading the leasing and marketing efforts at the new facility. The property features 32-foot clear heights, 55 dock-high doors, 100 trailer positions, ESFR fire protection and 2,000-amp power.

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AcquisitionsIndustrialSoutheastTennessee

Foxfield Purchases 75,000 SF Industrial Facility in Nashville

by John Nelson

NASHVILLE, TENN. — Boston-based Foxfield has purchased a 75,000-square-foot industrial facility located at 565 Brick Church Park Drive in Nashville. AllParts Medical, a subsidiary of Netherlands-based Philips that distributes medical imaging equipment and parts, has fully occupied the infill property since 2018 and recently renewed its lease. The previous owner has invested $3.5 million to upgrade the facility in recent years.

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100-Bay-Street-Jersey-City
DevelopmentMultifamilyNew JerseyNortheast

BLDG Management Unveils Plans for 1,300-Unit Multifamily Project in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — New York City-based developer BLDG Management has unveiled plans for a 1,300-unit proposed multifamily project at 100 Bay Street in Jersey City. Designed by Pelli Clarke & Partners, the project concept centers on a single residential building that will feature two towers — rising 90 and 40 stories — on a podium base and connected by a 40th floor sky bridge. In addition, the plan for 100 Bay Street includes a 20 percent affordable housing component as well as approximately 29,000 square feet of indoor and outdoor retail space at the ground level. Lastly, the design implements previously approved elements required by Jersey City for this site, pursuant to a development agreement with the property owner, which was approved in a federal court consent order.

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1206-NW-Tahoe-Ln-Silverdale-WA
AcquisitionsMultifamilyWashingtonWestern

Jackson Square Properties Disposes of Multifamily Community in Silverdale, Washington for $79.5M

by Amy Works

SILVERDALE, WASH. — Jackson Square Properties has completed the disposition of Cascade Ridge, a garden-style apartment property in Silverdale, to an undisclosed buyer for $79.5 million. Situated on 16.5 acres at 1206 N.W. Tahoe Lane, Cascade Ridge features 270 one-, two- and three-bedroom apartments, including townhome-style units. Originally constructed in 1992, the property offers low-density living at 16 units per acre. Community amenities include a swimming pool, clubhouse, fitness center with a climbing wall, package lockers and a dog park. Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper of CBRE represented the seller in the deal.

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DevelopmentIndustrialUtahWestern

ViaWest Group, GEM Realty Capital Break Ground on 470,334 SF Industrial Park in West Valley City, Utah

by Amy Works

WEST VALLEY CITY, UTAH — ViaWest Group, in partnership with GEM Realty Capital, has broken ground on 5400 Commerce Center, an industrial development located at 7301 W. 5400 South in West Valley City. Totaling 470,334 square feet, the project will feature a 97,249-square-foot Building 1, 154,586-square-foot Building 2 and 218,499-square-foot Building 3. Each building will be LEED-certified and feature ESFR sprinkler systems, 32- to 36-foot clear heights and 3,000 amp to 4,000 amp 480/277V power. Matt McAfee, Tom Dischmann, Jeff Richards and Chris Liddell of CBRE are leading the leasing efforts for the project.

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Grosvenor-Court-Apts-San-Francisco-CA
AcquisitionsCaliforniaMultifamilyWestern

Ballast Acquires Grosvenor Court Apartments in San Francisco for $31.9M

by Amy Works

SAN FRANCISCO — Ballast has purchased Grosvenor Court Apartments, a multifamily community located at 2055 Sacramento St. in San Francisco, from an undisclosed seller for $31.9 million, or $370,930 per unit. Situated across from Lafayette Park in Pacific Heights, Grosvenor Court offers 86 apartments and recent upgrades, including electrical modernization, exterior painting and a new fire alarm system.

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AcquisitionsColoradoMultifamilySeniors HousingWestern

Kiser Group Brokers $13M Sale of Skilled Nursing Facility Near Colorado Springs

by Amy Works

WOODLAND PARK, COLO. — Kiser Group has brokered the $13 million sale of a skilled nursing facility located in Woodland Park, roughly 20 miles northwest of Colorado Springs. The property, Forest Ridge, was 95 percent occupied at the time of sale.  Cottonwood acquired the facility, adding to its portfolio of more than 30 skilled nursing properties in the state.  Mark Myers of Kiser Group arranged the transaction. “Forest Ridge was an appealing opportunity because it aligns perfectly with Cottonwood’s strategy of acquiring quality, well-located facilities in markets with strong operational fundamentals,” says Myers. “The facility’s proximity to a 15-bed critical access hospital and its location within a community with a significant veterans population provide strong upside potential for expanding both veterans affairs (VA) and Medicare resident bases.”

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3571-S-Tower-Rd-Aurora-CO.jpg
AcquisitionsColoradoRetailWestern

Thompson Ranch Development Sells Retail Center in Aurora, Colorado for $5.2M

by Amy Works

AURORA, COLO. — Thompson Ranch Development Co. has completed the $5.2 million sale of Tower Pavilions, a fully leased retail center in Aurora. The name of the buyer was not released. Located at 3571 S. Tower Road, Tower Pavilion features 11,029 square feet of retail space fully leased to eight tenants, including Jersey Mike’s Subs, European Wax Center, Sport Clips and Tide Cleaners. Jason Schmidt and Austin Snedden of JLL Capital Markets’ Investment Sales and Advisory team represented the seller in the deal.

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IllinoisLeasing ActivityMidwestOffice

Zurich Signs 52,000 SF Lease to Relocate Downtown Chicago Office to Willis Tower

by Kristin Harlow

CHICAGO — Zurich North America has signed a 52,000-square-foot office lease at Willis Tower, which is located at 233 S. Wacker Drive in Chicago. Zurich, a global insurer, will occupy floors 53 and 54, relocating its downtown Chicago office from 300 S. Riverside Plaza. The new office will feature innovative workplace design and technology to enable collaboration within a hybrid environment. Zurich’s primary North American headquarters will remain in Schaumburg, Ill., where the company launched its U.S. operations in 1912. Zurich is expected to transition to Willis Tower in summer 2026. Todd Mintz of JLL represented Zurich in the lease. Nikki Kern of The Telos Group LLC represented the landlord, Perform Properties.

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AcquisitionsMidwestMultifamilyWisconsin

Marcus & Millichap Brokers Sale of 48-Unit West Side Apartments in Mauston, Wisconsin

by Kristin Harlow

MAUSTON, WIS. — Marcus & Millichap has brokered the sale of West Side Apartments, a 48-unit multifamily property in Mauston, a city in central Wisconsin. The newly constructed asset is situated on 7.4 acres at 702 Loomis Drive near the Wisconsin Dells market and two of the state’s largest lakes. There are 24 one-bedroom and 24 two-bedroom condo-style units across 48,336 rentable square feet. Matthew Whiteside of Marcus & Millichap represented the seller, Mauston 80 LLC, and procured the buyer, Greenfeather Twenty-Eight LLC.

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