Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CBRE Arranges Parcel Sale within Grand Rapids-Area Site
CBRE recently represented Granger Group in the sale of 33.4 acres at 5650 Wilson Avenue SW in Wyoming, MI, near Grand Rapids. It represented the first of two multifamily phases within The Reserve Development Opportunity, a 150-acre community master-planned by Granger Group. Deal terms weren’t disclosed.
The buyer, Continental Properties Company, will develop a 300-unit multifamily property on the site. Located southwest of Grand Rapids, the Reserve also contains 131 single-family homes, and is zoned for an additional 175 single-family homes and 138 single-story apartments currently under development.
“This will be a premier luxury apartments development for the City of Wyoming and the Grand Rapids market,” said CBRE’s Jack Johns, who represented Granger. “This is the second investment Continental, a Milwaukee-based firm, has made in the Grand Rapids market, including The Springs on East Beltline.”
Connect Chicago Fall 2019 will take place Oct. 29 in Chicago. For more information, or to register, click here.
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
- ◦Sale/Acquisition
Subscribe to Connect Daily Chicago