LAKE GENEVA, WIS. — The Barry Co. has arranged the sale of a 14,918-square-foot industrial building located off Highway 12 in Lake Geneva. The facility sits on the historic site of the former Sheridan Springs Bottling Works, known for its natural spring. Stout Development Group was the buyer. The site includes a detached 2,000-square-foot masonry garage.
BEMIDJI, MINN. — Kraus-Anderson has been selected to build a new YMCA facility on the 100 block of Minnesota Avenue in downtown Bemidji. Designed by JLG Architects, the 60,000-square-foot project will include an indoor track, aquatics center, indoor playground, party rooms and a fitness center with a weight room, exercise studios and education classrooms. The building will also include a drop-in childcare center. Funding for the $35 million project included $25 million in community donations and $10 million in YMCA financing. Groundbreaking is planned for spring 2026 with completion slated for fall 2027.
MISHAWAKA, IND. — Eastern Union has secured $15.9 million in financing toward the condo conversion of River Rock Apartments, an 82-unit property in Mishawaka. The five-story asset is located at 116 W. Mishawaka Ave., six miles east of South Bend. Built in 2015 and 2016, the property features eight commercial units spanning 4,385 square feet that will remain after conversion. The site also includes a 31,027-square-foot parking garage. Joe Siegfried of Eastern Union arranged the three-year loan, which features an 8 percent interest rate, a 75 percent loan-to-value ratio and interest-only payments. Republic Bank provided the loan on behalf of the undisclosed borrower.
ROCHESTER, MICH. — Bernard Financial Group (BFG) has arranged an $11.5 million loan for the refinancing of a 134,600-square-foot retail property in Rochester, a northern suburb of Detroit. Joshua Bernard of BFG arranged the loan on behalf of the borrower, Eagle Creek Master LLC. A life insurance company provided the loan.
WAUKESHA, WIS. — CBRE has arranged the sale of Ridgeview Industrial Center IV in Waukesha for $10 million. Bentley Smith, Joe Horrigan, Ryan Bain, Zach Graham, Judd Welliver and Mike Caprile of CBRE represented the seller, Mohr Capital. Billy Mork, Mike Vannelli and Joel Torborg of CBRE arranged a five-year, fixed-rate acquisition loan on behalf of the buyer, Capital Partners. Located near the I-94 and Redford Boulevard intersection and minutes from Waukesha County Airport, the 89,405-square-foot facility was built in 2001 and renovated in 2021 and 2023. The building features a clear height of 22 feet, one drive-in door, 14 dock doors and a 316-stall parking lot. The asset was fully occupied at the time of sale with a 7.9-year weighted average lease term.
WEST CHICAGO AND BRIDGEVIEW, ILL. — Zenith Industrial Outdoor Storage (IOS) has acquired two facilities in metro Chicago: 1400 Powis Road in West Chicago and 9809 Industrial Drive in Bridgeview. Ikey Betesh of Meridian Capital Group as well as Frank Melchert, Matt Garland, Stevan Arandjelovic and Simon Porras of Cawley Commercial Real Estate sourced the two acquisitions for Zenith. The Cawley team has been retained as the leasing agent for the West Chicago property, which features a 67,500-square-foot warehouse with 5 acres of outdoor storage space.
CLEVELAND — CBRE has arranged the sale of 1100 Superior Avenue, a 21-story office tower totaling 576,500 square feet in downtown Cleveland. The sales price was $8.1 million, according to Crain’s Cleveland Business. Steve Timmel, Will Roberts, Jamie Dunford, Warren Blazy III and Eric Smith of CBRE represented the seller, LNR Partners LLC. Brady Sullivan Properties was the buyer. Built in 1972 and renovated in 2006 and 2013, the building features amenities such as a fitness center, tech hub, conference facilities, a café, public event center and 435-stall parking garage.
MINNEAPOLIS — Lupe Development Partners has completed Lakefield Apartments, a 110-unit affordable housing community in the Lyn-Lake area of Minneapolis. The project marks a collaboration between Lupe and the city to address affordable housing needs. The development was originally planned to include 95 units before the developer acquired an additional parcel and expanded the project to 110 family-sized units, including more three- and four-bedroom layouts. As of September, the project was 70 percent leased. The development concludes the third phase of Lupe’s mixed-income campus on Lake Street near the Lyndale Avenue intersection. In total, the campus has brought 353 units of affordable and market-rate housing along Lake Street in the past five years. The $41 million project was made possible through collaboration with the city, Multifamily Housing Revenue Bonds, Hennepin County, Minnesota Department of Employment and Economic Development and housing tax credit equity. Frana Cos. served as general contractor.
INDIANAPOLIS — Associated has signed a full-building, 89,612-square-foot industrial lease at The Midway Building at 5770 Decatur Blvd. in Indianapolis. Corey Chase of Newmark represented the tenant in the lease, which represents a nearly 60,000-square-foot expansion from Associated’s previous space in the same corridor. Owned by Holladay Properties, the facility features 5,425 square feet of office space, a clear height of 24 feet, 21 dock doors, two drive-in doors and more than 250 parking spaces. Delivered in 2004, The Midway Building offers convenient access to I-70, I-465 and I-69 and is located near FedEx and UPS distribution hubs. Brian Seitz, Griffin Seitz and Brian Buschuk of JLL represented the landlord. Founded in 1960, Associated provides engineering, fleet management and labor optimization services supported by equipment sales, service, rentals and parts. The company is a subsidiary of The Raymond Corp., a Toyota Industries company.
PLYMOUTH, MICH. — Marcus & Millichap has brokered the sale of EZ Storage, a 635-unit self-storage facility in the western Detroit suburb of Plymouth. Completed in December 2022, the climate-controlled property totals 73,450 net rentable square feet. Brett Hatcher, Gabriel Coe and Nathan Coe of Marcus & Millichap, in association with Paul Kerber, Marcus & Millichap’s Michigan broker of record, represented the seller, an entity doing business as EZ Storage Plymouth Twp LLC. The buyer was not disclosed.