REBusinessOnline

USDA Selects Kansas City for Relocation of Two Divisions

KANSAS CITY, MO. — The U.S. Department of Agriculture (USDA) has selected the Kansas City region for the relocation of the Economic Research Service (ERS) and National Institute of Food and Agriculture (NIFA). U.S. Secretary of Agriculture Sonny Perdue cites affordability, easy commutes and quality of life for the site selection process. “The Kansas City region has proven itself to be a hub for all things agriculture and is a booming city in America’s heartland,” he says. “There is …

Civic, Midwest, Missouri

Mid-America Arranges Sale of 102,961 SF Shopping Center in Glenview, Illinois

GLENVIEW, ILL. — Mid-America Real Estate Corp. has arranged the sale of Glen Gate, a 102,961-square-foot shopping center in Glenview, about 15 miles northwest of Chicago. Mariano’s Fresh Market anchors the fully leased property. Other tenants include AT&T, Hair Cuttery, Bentley’s Pet Stuff, Glenview Bank & Trust and For Eyes. The shopping center is situated at the northeast corner of Waukegan and Golf roads. Joe Girardi and Ben Wineman of Mid-America represented the seller, a …

Acquisitions, Illinois, Midwest, Retail

Brew Pub to Occupy Space in Historic Minneapolis Building

MINNEAPOLIS — Eleven Artisans, a brew pub and entertainment venue, has signed a 3,500-square-foot lease at the historic Handicraft Guild Building and Assembly Hall adjacent to the new City Club Apartments. The name Eleven Artisans comes from a community of 11 female artists who pioneered a creative movement in downtown Minneapolis in the early 1900s. They created their art in the Handicraft Guild Building and Assembly Hall, which dates back to 1907. The brew pub, designed by Minneapolis firm …

Leasing Activity, Midwest, Minnesota, Restaurant, Retail

CA Ventures Acquires Development Site in Elk Grove Village, Plans Industrial Building

ELK GROVE VILLAGE, ILL. — CA Ventures has acquired an 8.3-acre site at 550 Devon Ave. in Elk Grove Village for an undisclosed price. The acquired site includes a 20,000-square-foot retail building that CA Ventures intends to reduce in size and modernize. The developer also plans to build a 142,000-square-foot speculative industrial building on the remainder of the land. Tom Rodeno and Jonathon Kohn of Colliers International represented the seller, Terry Bolger. The team also represented the …

Development, Illinois, Industrial, Midwest

NexCore Group Opens 37,800 SF Health Clinic in Council Bluffs, Iowa

COUNCIL BLUFFS, IOWA — Healthcare real estate developer NexCore Group has opened the 37,800-square-foot CHI Health Clinic Valley View in Council Bluffs. A ribbon cutting ceremony took place on Thursday, May 30, and the facility opened to patients on Monday, June 3. Services provided at the 60-room clinic include behavioral health, women’s services, pediatrics, urology, dermatology, diabetic education, radiology, ultrasounds and physical

Development, Healthcare, Iowa, Midwest

Planmeca USA Purchases Former Serta Mattress Building in Hoffman Estates, Illinois

HOFFMAN ESTATES, ILL. — Planmeca USA Inc., a manufacturer of dental equipment, has purchased the former Serta Mattress Co. building at 2600 Forbs Ave. in Hoffman Estates. The company will relocate its U.S. headquarters to the 90,000-square-foot building later this year. The headquarters will comprise Planmeca’s corporate office, a testing and distribution center and a showroom and training center. Planmeca currently operates out of two buildings totaling 77,000 square feet in Roselle, …

Acquisitions, Illinois, Industrial, Midwest, Office

Chicken Salad Chick to Debut in Illinois With New Restaurant in Edwardsville

EDWARDSVILLE, ILL. — Chicken Salad Chick, a fast-casual chicken salad restaurant concept, has expanded to its 15th state with its first Illinois restaurant opening in Edwardsville. This is the brand’s third location in the St. Louis area, with existing restaurants in Chesterfield and Creve Coeur. Located at 2323 Plum St., the 3,000-square-foot, Edwardsville restaurant is scheduled to open on Wednesday, June 26. Hannah Lukowski of SJ Restaurants LLC will own and operate the property. …

Illinois, Leasing Activity, Midwest, Restaurant, Retail

Besyata, Scharf Acquire 328-Unit Apartment Property in Indianapolis

INDIANAPOLIS — Besyata Investment Group and The Scharf Group have acquired Southport Crossing Apartments in Indianapolis for an undisclosed price. Built in 1971, the 328-unit apartment property is located on Southport Road near Greenwood Park Mall. Amenities include a clubhouse, pool and fitness center. The seller was not

Acquisitions, Indiana, Midwest, Multifamily

Berkadia Negotiates $7M Sale of Multifamily Property in Rantoul, Illinois

RANTOUL, ILL. — Berkadia has negotiated the $7 million sale of South Pointe Commons in Rantoul, about 19 miles northeast of Champaign. The 245-unit multifamily property was originally built in 1959 as military housing for Chanute Air Force Base, which closed in 1993. The property is situated on 150 acres and consists of 37 two-story buildings. Floor plans are comprised of three- and four-bedroom units ranging from 1,050 to 2,300 square feet. Ralph DePasquale, Parker Stewart and Alex …

Acquisitions, Illinois, Midwest, Multifamily

Peloton Signs 51,032 SF Industrial Lease in Franklin Park, Illinois

FRANKLIN PARK, ILL. — Peloton Interactive Inc. has signed a 51,032-square-foot industrial lease at 10601 Seymour Ave. in Franklin Park. The 225,891-square-foot building was constructed in 2018. Peloton Interactive is a technology company dedicated to at-home fitness. The company’s products include Peloton Bike, Peloton Tread and Peloton App. The Peloton space at the building includes 2,798 square feet of office space, nine exterior docks, 15 trailer stalls, 60 car parking spaces, LED …

Illinois, Industrial, Leasing Activity, Midwest
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