Tuesday, August 26, 2025
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FloridaLoansRetailSoutheast

JLL Arranges $47.1M Refinancing for Crosslands Power Retail Center in Metro Orlando

by John Nelson

KISSIMMEE, FLA. — JLL Capital Markets has arranged a $47.1 million loan for the refinancing of The Crosslands, a 529,212-square-foot power retail center located at 1100 W. Osceola Parkway in Kissimmee, roughly 20 miles outside Orlando. The borrower is a joint venture between Hampshire Cos., Federated Hermes and O’Connor Capital Partners. Jon Mikula, Michael Klein, Brian Gaswirth, Michael Kavaler and Val McWilliams of JLL secured the three-year loan through TD Bank on behalf of the borrower. The Fresh Market, Burlington, Academy Sports + Outdoors, Hobby Lobby, Marshalls/HomeGoods and Ross Dress for Less anchor the property, which was developed between 2014 and 2016 and fully leased at the time of financing.

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AcquisitionsFloridaOfficeSoutheast

Cushman & Wakefield Brokers $19.2M Sale of Greystone at Town Center Office Park in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — Cushman & Wakefield has brokered the $19.2 million sale of Greystone at Town Center, an office park located at 10550 Deerwood Park Blvd. in Jacksonville. Developed in 1999, the property totals 212,240 square feet across five buildings. Woodside Capital Partners acquired the development. Karl Johnston and Traci Jenks of Cushman & Wakefield represented the undisclosed seller in the transaction.

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AcquisitionsMultifamilySoutheastTennessee

FCP Acquires 322-Unit Hickory Lake Apartments in Metro Nashville

by John Nelson

ANTIOCH, TENN. — FCP has acquired Hickory Lake Apartments, a 322-unit multifamily community located at 3940 Apache Trail in Antioch, roughly 11 miles outside Nashville. The property features units in one-, two- and three-bedroom layouts. Amenities at the community include two swimming pools, a playground and grill and picnic areas. FCP assumed a HUD loan as part of the acquisition. Zac Wracher of The Kirkland Co. represented the undisclosed seller in the transaction. The sales price was also not disclosed.

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51-Majestic-Ct-Moorpark-CA
AcquisitionsCaliforniaMultifamilyWestern

Decron Sells 376-Unit Ranch at Moorpark in California to AEW Capital for $133.2M

by Amy Works

MOORPARK, CALIF. — Decron Properties has completed the disposition of Ranch at Moorpark, an apartment community in Moorpark, approximately 50 miles west of Los Angeles. AEW Capital Management purchased the asset for $133.2 million. Located at 51 Majestic Court, Ranch at Moorpark features 376 apartments, a rental office, fitness center, yoga/spin studio, resident clubhouse with chef’s kitchen, children’s play area, dog park, pool, poolside barbecue and dining areas, fire pits and seating areas.

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DevelopmentIndustrialUtahWestern

ViaWest, Clarion Partners Start Construction of 340,000 SF Central Commerce Center in Salt Lake City

by Amy Works

SALT LAKE CITY — ViaWest Group and Clarion Partners have broken ground on Central Commerce Center, an industrial project in Salt Lake City. Big D Construction is serving as general contractor for the project. Spanning 25.1 acres, Central Commerce Center will feature two LEED-certified industrial buildings offering a total of 340,000 square feet of space. Rusty Bollow and Bobby Stevens of Colliers will oversee the property marketing and leasing of the facility.

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DevelopmentLeasing ActivityRetailUtahWestern

Target to Open 135,000 SF Location at Provo Towne Centre in Utah

by Amy Works

PROVO, UTAH — Target has signed a deal to occupy 135,000 square feet of retail space at Provo Towne Centre in Provo. Brixton Capital is currently remodeling the shopping center. The Target will include CVS/pharmacy, Starbucks Coffee, Ulta Beauty, Target Optical and an adult beverage department. Greely, Colo.-based Roche Construction Mountain West is the general contractor for Target, while Big D Construction Mountain West is the general contractor for Provo Towne Centre.

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101-Yesler-Way-Seattle-WA
AcquisitionsOfficeWashingtonWestern

BH Properties Buys 74,660 SF Olympic Block Office Building in Seattle’s Pioneer Square

by Amy Works

SEATTLE — BH Properties has acquired the historic Olympic Block building, a creative office and mixed-use property in Seattle’s Pioneer Square neighborhood. Terms of the transaction were not released. BH Properties’ Pacific Northwest regional operations will move into the 74,660-square-foot building at 101 Yesler Way. Olympic Block comprises the historic six-story Lippy Building, originally built in 1902, and the nine-story addition that was added in 1986.

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IDSDC-Fountain-Hills-AZ.jpg
ArizonaCivicDevelopmentRetailWestern

International Dark Sky Discovery Center Breaks Ground on $25M Observatory in Fountain Hills, Arizona

by Amy Works

FOUNTAIN HILLS, ARIZ. — International Dark Sky Discovery Center (IDSDC) has broken ground on its new observatory in Fountain Hills, approximately 30 miles northeast of Phoenix. SWABACK Architects + Planners designed the $25 million project, which McCarthy Building Cos. is constructing. The 23,000-square-foot facility will encompass a 27.5-inch PlaneWave telescope housed within a 20.5-foot domed observatory, and a 65-seat planetarium. The center will also offer a 150-capacity multipurpose auditorium and a “Night Sky Experience” exhibit space equipped with interactive educational and historical components. IDSDC will offer activities, educational opportunities and events for all ages, primarily serving the K-12 communities in Arizona. With the first research-grade telescope in the greater Phoenix area, the IDSDC will allow Valley residents to view parts of the sky that have become hidden due to growing light pollution.

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Peachtree-Distribution-Center-Mesquite
DevelopmentIndustrialTexas

CapRock Partners Acquires 396,750 SF Peachtree Distribution Center in Mesquite, Texas

by Taylor Williams

MESQUITE, TEXAS — California-based investment firm CapRock Partners has acquired Peachtree Distribution Center, a 396,750-square-foot warehouse located in the eastern Dallas suburb of Mesquite. Built in 2001, the cross-dock property features 31-foot clear heights, 66 dock-high doors, three drive-in doors, 120-foot truck court depths (expandable to 175 feet), an ESFR sprinkler system and roughly 12,700 square feet of office space. Randy Baird, Ryan Thornton, Jonathan Bryan, Eliza Bachhuber, Nathan Wynne and Elliott Dow of CBRE represented the undisclosed seller in the transaction. CapRock Partners plans to make capital improvements to the property, which was fully leased to three tenants at the time of sale.

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LoansMultifamilySeniors HousingTexas

LTC Provides $12.7M Acquisition Loan for Seniors Housing Campus in Katy, Texas

by Taylor Williams

KATY, TEXAS — LTC Properties Inc. (NYSE: LTC) has provided a $12.7 million senior loan to Ignite Medical Resorts for the acquisition of a skilled nursing and assisted living campus in Katy, a suburb west of Houston. The campus was built in 2017 and includes 78 units (48 skilled nursing and 30 assisted living) and 104 licensed beds (70 skilled nursing and 34 assisted living). The five-year loan features full-term interest-only payments at a current rate of 9.15 percent and includes a capital expenditures investment of approximately $800,000 for campus improvements.

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