HOLLISTER, CALIF. — The De Jong | Becher Self Storage Team at Colliers has arranged the sale of Hannigan’s Mini Storage facility in Hollister. Mechanics Banks, as trustee for the John A Maki Trust, sold the asset to National Storage Affiliates for $6.5 million. Located at 180 San Felipe Road, the fully stabilized self-storage facility features 330 units in 29,926 rentable square feet. The property will transition to Right Space Storage management and branding at close.
PARKER, COLO. — Trevey Commercial Real Estate has arranged the sale of a retail property located at 12810 Stroh Ranch Court in Parker. Journey Church Colorado acquired the asset from AKM Family LLP for $5.5 million. Situated on 1.5 acres, the building, which is currently leased by La-Z-Boy, offers 20,375 square feet. David Marulli, Tommy Daher and Mitch Trevey of Trevey Commercial Real Estate represented the seller, while Tom Omdal and Katie Hummer of Kin Commercial represented the buyer in the deal.
SALT LAKE CITY — Walmart Inc. has acquired a 1 million-square-foot distribution building on nearly 60 acres in Salt Lake City. Terms of the transaction were not disclosed. Walmart Fulfillment Services was previously leasing the entire property located at 990 N. 6550 West on a long-term basis prior to the sale. Commonly known as the Salt Lake City Logistics Center, the property comprises a cross-dock industrial building with immediate freeway access, a clear height of 40 feet and immediate access to the Salt Lake City International Airport. The property was completed in 2022. Ed Lampitt, Will Strong, Jeff Chiate and Matt Leupold of Cushman & Wakefield’s National Industrial Advisory Group represented Walmart in the deal.
VALLEJO AND SONOMA, CALIF. — Harvest Properties, in joint venture with New York Life Real Estate Investors (NYLREI), has acquired two self-storage facilities in Vallejo and Sonoma in separate transactions totaling $44.2 million. In total, the properties offer 1,435 self-storage units. The joint venture has engaged Extra Space to manage both properties. The partnership purchased Best Self Storage, an 80,000-square-foot drive-up facility with 516 units at 155 Fremont Drive and Mafei Road in Sonoma, and Vallejo Self Storage, a 76,000-square-foot property with 919 climate-controlled units at 384 Fairgrounds Drive in Vallejo. The JLL Storage Capital Markets team represented the seller in the Vallejo Self Storage transaction.
AVONDALE, ARIZ. — Crescent Communities has broken ground on HARMON Ascend, a build-to-rent multifamily community in Avondale. Situated on West Indian School Road, HARMON Ascend will feature 125 three- and four-bedroom, two-story townhomes featuring individual two-car garages. The property is slated to welcome its first residents in spring 2026. HARMOND Ascend will offer charcoal grills, green spaces, lawn games and more to foster community engagement. The project team includes Heitman LLC as account manager, Atwell and Kimley-Horn as civil engineers, BSB Design as architects and Mosaic as general contractor.
VALENCIA, CALIF. — CBRE has negotiated the sale of an industrial property located at 28218-28230 Constellation Road in Valencia. Watercress Holdings acquired the asset from 28230 Constellation LLC for $13.6 million. At the time of sale, approximately 23,000 square feet of the 60,474-square-foot building was vacant, while the remaining space is occupied by long-term tenants SCP Pool and Scooter’s Jungle. Watercress Holdings plans to make significant investments in the property, including upgrades to the exterior, roof, common areas and a complete remodel of the vacant unit. Sam Glendon of CBRE represented the seller in the deal.
BALDWIN PARK, CALIF. — Big Dalton LLC has acquired a 24-unit apartment property located at 3541-3545 Big Dalton Ave. in Baldwin Park from HP Big Dalton for $6.3 million. Eric Chen and Justino Fa’aola of CBRE represented the buyer and seller in the deal. The community offers two-bedroom floor plans, with 50 percent of the units designed as single-story bungalows. Units feature quartz countertops, vinyl and carpeted flooring, wall-mounted AC units, select kitchen appliances, in-unit washer and dryer and private or shared patios.
QUEEN CREEK, ARIZ. — Creation, in partnership with Horizon Real Estate Ltd., has broken ground on The Switchyard, a $120 million mixed-use project in Queen Creek, about 40 miles southeast of Phoenix. The 10-acre project will feature 54,000 square feet of restaurant, retail and office space, as well as a 215-unit apartment community. The development’s restaurant lineup will feature Postino, a restaurant and wine café; Snooze, an A.M. Eatery, a breakfast and brunch restaurant founded in Denver; and Shake Shack, a modern burger chain. Creation states that lease negotiations are currently underway for most of the remaining spaces. The Switchyard will open in phases, with the first phase slated to deliver in mid-2026. Dallas-based GFF Design is the project’s architect, and LGE Design Build will lead the construction. “The Switchyard represents Queen Creek’s first true walkable, mixed-use development, marking a milestone in the town’s continued growth and evolution,” remarked David Sellers, co-founder of Creation. “With construction now underway, we’re eager to see this place come to life, seamlessly blending retail, dining, office spaces, apartments and a vibrant outdoor environment.” As part of the groundbreaking event for The Switchyard, the development team donated $25,000 to Ryan House, a nonprofit organization that …
CHANDLER, ARIZ. — New York-based TGM has purchased Ocotillo Bay, an apartment property in Glendale, from an undisclosed national fund manager for $90.5 million. The transaction marks TGM’s entry into the Phoenix market. TGM Communities will manage the community, which has been renamed as TGM Ocotillo Bay. Built in 1997, the 296-unit property features two pool areas with cabanas and barbecues; an outdoor lounge area with a bocce ball court, fireplace, barbecue and covered seating area; a resident clubhouse with business center and TV seating area; and a fitness center with weight training and cardio equipment, as well as a separate yoga/spin room. Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen of CBRE represented the seller in the deal.
GLENDALE, ARIZ. — Wespac Construction has completed Marbella Northern Parkway Phase 1, a LEED-certified industrial development in Glendale. Developed by Panattoni Development Co. and designed by Ware Malcomb, the master-planned industrial park will offer six buildings spread across 51 acres. The first phase includes three tilt-panel buildings totaling 445,000 square feet. Each building features two storefront entrances and a north-facing speculative suite, as well as docking sides with automatic ramp-up doors, dock doors with mechanical levelers and designated semi-truck parking.