Bayshore Place Apartments in Milwaukee suburbs trades hands

CHICAGO, Feb. 4, 2026 –  JLL Capital Markets announced today that it has secured the successful sale of Bayshore Place, a 113-unit residential community located within Bayshore, Milwaukee's premier open-air lifestyle center in Glendale, Wisconsin.

JLL represented the seller, Cypress Equities and joint venture partners, in the transaction. The buyer was a private investor.

Built in 2006, Bayshore Place offers studio, one-, two- and three-bedroom apartments with an average unit size of 1,119 square feet. The property underwent significant renovations starting in 2021, with ownership investing $1.3 million in interior upgrades including new wood-style flooring, stainless steel appliances and select fixtures across all 113 units. The community features amenities including a fitness center, clubroom, outdoor courtyard and 107 secured parking spaces in an enclosed, heated garage.

Located at 5699 N. Centerpark Wy., Bayshore Place sits above Milwaukee's most visited shopping destination, which attracts 2.6 million annual visitors. The mixed-use development features more than 80 commercial tenants including Target, Apple, Total Wine, Trader Joe's and 16 dining options. The property earned an 84 Walk Score and recently completed a $49 million revitalization project in 2022.

Bayshore Place is situated in Glendale, ranked the No. 7 suburb for young professionals in Milwaukee, with an average household income of $171,000 within a one-mile radius. The North Shore submarket has historically been undersupplied, delivering just two communities with more than 100 units in the last 25 years, creating strong rental demand in one of Milwaukee's most affluent areas.

The property is within walking distance of Lake Michigan and offers residents proximity to top-rated schools including Nicolet High School, ranked in the top 6 percent nationally. Downtown Milwaukee is accessible within 15 minutes.

JLL Capital Market’s Midwest Multihousing Investment Sales and Advisory team was led by Director Amanda Friant.

"Bayshore Place represented a rare opportunity to acquire rental housing in a dynamic high-barrier-to-entry Milwaukee suburb, where supply constraints and strong demographics have created significant value-add potential," Friant said. "The property's location within the newly revitalized Bayshore lifestyle center provides residents with an unmatched live-work-play environment."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Cypress Equities, founded in 1995 in Dallas, Texas, is a national commercial real estate development and investment company specializing in destination-class commercial and residential properties. The company focuses on build-to-suit developments, unique off-market investments and redevelopment opportunities across the United States. Through its strong industry relationships and market intelligence, Cypress Equities delivers creative real estate solutions that create investment value and bring communities together.