Midwest

PEKIN, ILL. — Five Below and Maurices are joining the tenant lineup at East Court Village in Pekin, just south of Peoria in central Illinois. The retailers, which are expected to open in fall 2025, join existing tenants Tractor Supply Co., Petco, Hobby Lobby and Dunham’s Sports. A former Bergner’s store is being redeveloped to make way for Five Below and Maurices, and additional tenants will be announced. The redevelopment project totals 42,000 square feet. Cullinan Properties Ltd. owns and manages East Court Village.

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CHICAGO — Ziegler has negotiated the sale of a 100-plus-bed skilled nursing facility in a northern neighborhood of Chicago. Ziegler advised the seller, an Illinois-based nonprofit. A local operator acquired the asset for an undisclosed price. Nick Glaisner of Ziegler led the transaction with the support of colleague Melanie Shaffer.

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MIDLAND, MICH. — Marcus & Millichap has arranged the sale of the SpringHill Suites by Marriott Midland for an undisclosed price. The 96-room, three-story hotel is located just off US Highway 10 in Midland, a city in central Wisconsin. The asset is set to undergo a full renovation to the newest Marriott brand standards. Ebrahim Valliani and Michael Klar of Marcus & Millichap represented the buyer and seller, both of which were private investor groups. Chris Gomes and Allan Miller of the brokerage firm were also listed on the deal as supporting brokers.

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INDIANAPOLIS — Friedman Communities, the multifamily management division of Friedman Real Estate, has been selected to manage Veridian Castleton Apartments in Indianapolis. Constructed in 1965, the property contains 398 units with a mix of one-, two- and three-bedroom layouts. Amenities include a fitness center, pool, lounge area, playground, two bark parks and a picnic and grilling area.

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ROCHESTER HILLS, MICH. — Peace Love & Little Donuts has signed a lease to open a 1,164-square-foot location at the Papa Joe’s Plaza shopping center in Rochester Hills. Michael Murphy and Vicki Gutowski of Gerdom Realty & Investment represented the tenant, while Lawrence Randazzo of Hayman Co. represented the undisclosed landlord. Pittsburgh-based Peace Love & Little Donuts operates in 14 states.

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MISHAWAKA, IND. — The Boulder Group has arranged the $9.6 million sale of a single-tenant retail property net leased to Best Buy in Mishawaka near South Bend. The 50,327-square-foot building is located at 6502 Grape Road along I-80. Nearby tenants include Target, Apple, Macy’s, Menards, Ross Dress for Less, Walmart, Sam’s Club, The Home Depot, Aldi, Meijer and Costco. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a West Coast-based partnership. The buyer was an institution.

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DETROIT AND ANN ARBOR, MICH. — NAI Farbman, the brokerage arm of Farbman Group, has brokered two receivership sales in Detroit and Ann Arbor. The first sale was of 521 and 609 Old Saint Jean St., two industrial properties located a few blocks from the Detroit River. Dan McCleary and Nathan Casey of NAI Farbman brokered the deal. The second sale was of 30 Parkland Plaza and 4621 Park Road, two office properties in Ann Arbor. Brad Margolis and Wendy Acho of NAI Farbman arranged the sale. Further details were not provided.

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COLUMBUS, OHIO — Semi-Stow has opened a 12.5-acre semi-truck parking property at 3815 Lockbourne Industrial Parkway in Columbus. The truck yard marks Semi-Stow’s first location in metro Columbus and its second Midwest yard opening in 2024. The yard provides trucking companies and private fleets with a base for regional and intermodal freight movement. The location provides convenient access to Rickenbacker International Airport and major freight corridors including I-70, I-71, US Route 33 and the Ohio State Route 104 bypass. The property features more than 375 spaces for tractor-trailers and other heavy-duty vehicles. Daily, monthly and long-term reservations are available to owner-operators and fleets of all sizes, and larger fleets can reserve space by the acre. The yard features secure fencing with barbed wire, AI-powered gates, 4k cameras and stadium lighting. Semi-Stow maintains a portfolio of 30 truck parking locations totaling 7,000 parking spaces nationwide.

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CHICAGO — Peak Realty has rebranded to Cross Street. The Chicago-based firm, which specializes in multifamily leasing and investment, expanded to Denver last year with the opening of a second office. In five years, the Cross Street team has doubled, with more than 12,000 units leased and over $200 million in closed multifamily sales. The company says that the name “Cross Street” and tagline “The corner of people and place” represents the important connections and intersecting parts of life and business. Cross Street plans to expand to more markets, particularly urban areas.

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MUSKEGO, WIS. — Midwest Twisters, a company that facilitates gymnastics, ninja and parkour for youth, has leased a 10,922-square-foot industrial space in Muskego, a southwest suburb of Milwaukee. The industrial flex property is located on Mercury Drive with convenient access to Racine Avenue, a main thoroughfare in Muskego. Anthony Stevens of NAI Greywolf represented the undisclosed landlord.

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