Wednesday, February 4, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Midwest

DevelopmentKansasMidwestMixed-Use

Acclivity Capital to Develop 58-Acre Clare Crossing Mixed-Use Project in Gardner, Kansas

by Kristin Harlow

GARDNER, KAN. — Colorado-based developer Acclivity Capital is building Clare Crossing, a 58-acre mixed-use project in Gardner. Block & Co. Inc. Realtors is handling retail leasing. Plans call for drive-thru and sit-down restaurants, small-shop and multi-tenant retail and complementary uses such as truck stops, gas stations, hotels, medical offices, automotive services and financial institutions. All pad sites are available for lease, sale or build-to-suit. Mill Creek Residential Trust LLC will develop the residential component of Clare Crossing. Plans call for a 247-unit build-to-rent townhome community featuring two-, three- and four-bedroom residences with private entrances and attached garages. Homes will average 1,727 square feet. Amenities will include a pool, clubhouse, fitness studio, landscaped courtyards, controlled-access guest technology and high-speed internet service. Additional project partners include All Pro Capital LLC and Arvest Bank. Grant Summers and Daniel Brocato of Block & Co. are the retail leasing agents.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisLoansMidwestOffice

Northwind Group Provides $58.5M Acquisition Loan for Chicago Office Building

by Kristin Harlow

CHICAGO — Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, has provided a $58.5 million first mortgage loan for the acquisition and lease-up of 175 West Jackson Boulevard, a 22-story office building totaling more than 1.4 million square feet in Chicago’s Central Loop. The property also includes a 240-space parking garage. The loan was structured with $33.5 million initial advance at closing, with an additional $25 million reserved as a “good news” facility to fund future accretive leasing costs. A joint venture between 601W Cos. and David Werner Real Estate Investments was the buyer. The financing facilitated the acquisition at a significantly reset basis, reflecting an approximately 85 percent discount to the property’s prior purchase price by Brookfield, according to Northwind. The building has undergone extensive renovations and modernization, with over $24 million of capital improvements completed by prior ownership, including a new amenity center and rooftop space on the 22nd floor.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndianaMidwestRetail

Kaden Cos. Acquires Eastland Plaza Shopping Center in Indiana for $22.4M

by Kristin Harlow

BLOOMINGTON, IND. — Kentucky-based Kaden Cos. has acquired Eastland Plaza, a 125,000-square-foot shopping center in Bloomington, for $22.4 million. Situated adjacent from College Mall on 12 acres, the property is home to anchor tenants Petco, DSW, Dollar Tree and Rally House. Additional tenants include Jimmy John’s, McAlister’s Deli, Noodles & Co. and Domino’s Pizza. The center was 80 percent leased at the time of sale. Rebecca Wells of Cushman & Wakefield represented the seller, an entity doing business as Eastland Plaza LLC.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMinnesotaMultifamily

Marcus & Millichap Negotiates $2.6M Sale of Multifamily Property in Minneapolis

by Kristin Harlow

MINNEAPOLIS — Marcus & Millichap has negotiated the $2.6 million sale of Santiago Apartments, a 23-unit multifamily property in Minneapolis. The asset is located at 516 University Ave. SE in the St. Anthony Main/Marcy-Holmes neighborhood near the Minneapolis riverfront and the University of Minnesota. Built in 1923, the property includes a mix of studio, one- and two-bedroom floor plans across 11,394 rentable square feet. Abe Roberts and Michael Jacobs of Marcus & Millichap represented the seller, MBR Investments, and procured the buyer, an entity related to Irving Properties.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMinnesota

Kraus-Anderson, Zuri 3 to Build 8,000-Seat Amphitheater in Minneapolis

by Kristin Harlow

MINNEAPOLIS — Kraus-Anderson and Zuri 3 have formed a joint venture to serve as the construction manager of the new Community Performing Arts Center (CPAC), an 8,000-seat amphitheater operated by the Port of Minneapolis LLC. CPAC is an initial phase of a plan to redevelop The Upper Harbor Terminal, a 48-acre site along the Mississippi River off I-94. Port of Minneapolis, a joint venture between First Avenue and the Minnesota Orchestra, expects to host approximately 50 ticketed events annually. A portion of the ticket proceeds will be reinvested directly into the local community through a partnership with the African American Community Development Corp., which will serve as the fund manager for CPAC. A community entity will manage the fund to explore and develop community programming, local vendor and entrepreneur opportunities and youth jobs and career programs. In addition to musical events, CPAC will also host year-round community programming in public spaces, with a strong focus on including Northside residents, businesses and organizations. CPAC will create more than 500 construction jobs, and once completed, amphitheater operations will employ more than 250 people. Additional Twin Cities companies involved in the project include NTH, the owner’s representative, and LSE Architects. Construction is scheduled …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndustrialMidwest

Entre Commercial Realty Arranges Sale of 56,000 SF Industrial Building in Metro Chicago

by Kristin Harlow

ELK GROVE VILLAGE, ILL. — Entre Commercial Realty has arranged the sale of a 56,000-square-foot industrial building in Elk Grove Village. Brad Bullington and Ian Pattison of Entre represented the buyer, a machine shop completing its third acquisition within the O’Hare industrial market. Matthews Real Estate Services represented the undisclosed seller. The property features I-90 frontage, outdoor storage capabilities and also includes future parking lot replacement.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestOhioRestaurantRetail

Cooper Group Brokers Sale of Chipotle-Occupied Restaurant Property in Piqua, Ohio

by Kristin Harlow

PIQUA, OHIO — The Cooper Commercial Investment Group has brokered the sale of a newly constructed restaurant property occupied by Chipotle Mexican Grill in Piqua, a suburb of Dayton. The 15-year lease features 10 percent rental increases in years six and 11. The property includes the restaurant’s namesake drive-thru, Chipotlane, as well as patio seating. Dan Cooper of Cooper Group represented the seller, a longtime client. The asset sold to an all-cash 1031 exchange buyer from California at a 5.5 percent cap rate.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMichiganMidwestRetail

Wellness Center Signs 1,685 SF Retail Lease at Market Place Plaza in Suburban Detroit

by Kristin Harlow

FARMINGTON HILLS, MICH. — Thai Body and Soul, a wellness center, has signed a 1,685-square-foot retail lease at Market Place Plaza in Farmington Hills. Owen Kelly and Michael Murphy of Gerdom Realty & Investment represented the undisclosed landlord. Market Place Plaza is situated on Orchard Lake Road, just south of 13 Mile Road.

Continue Reading
FacebookTwitterLinkedinEmail
These tables highlight major office market indicators across North America for Q42025, including vacancy rates, rents, prices per square foot, construction activity, inventory sizes and capitalization rates. Source: Lee & Associates’ 2025 Q4 North America Market Report.
Content PartnerDevelopmentFeaturesIndustrialLeasing ActivityLee & AssociatesLoansMidwestMultifamilyNortheastOfficeRetailSoutheastTexasWestern

Q4 2025 Demand Overview: Industrial and Multifamily Slowed, Office Stabilized, Retail Held Steady

by Sarah Daniels

Lee & Associates’ 2025 Q4 North America Market Report looks at diverging market demand across industrial, office, retail and multifamily spaces nationwide in the last quarter. Demand continued to soften for industrial spaces, while multifamily saw a reversal: decreased demand after seven consecutive quarters of strengthening. Office saw a slow increase in net absorption, but only after six years of negative absorption; retail demand was mixed. Industrial and retail spaces contended with tariff concerns, while all four types of commercial real estate saw either decreased or slowed rent growth in the final quarter of 2025. Lee & Associates’ full, detailed market report is available to read here. The overviews for the sectors below illustrate the market landscape through data on net absorption, leasing and development activity, sales transactions and rent growth, in addition to demand. Industrial Overview: Demand Falls Under Tariff Pressure Falling demand for industrial space continued in 2025 under the added strain of the United States’ aggressive trade and tariff policies affecting commercial property markets across North America. In the United States net absorption declined again in 2025 as tenant and rent growth fell to their lowest levels since the aftermath of the financial crisis. Meanwhile, inventory growth has been scaled back …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIowaMidwestMinnesotaNebraskaRetail

Marcus & Millichap Brokers $41.6M Sale of Daycare Center Portfolio in Midwest

by Kristin Harlow

IOWA, MINNESOTA AND NEBRASKA — Marcus & Millichap has brokered the $41.6 million sale of the Yellow Brick Road Portfolio, a collection of 18 triple-net-leased early childhood development centers in Iowa, Minnesota and Nebraska. Spencer Berkley, Mark Ruble, Chris Lind, Zack House, Jon Ruzicka and Adam Lewis of Marcus & Millichap represented the sellers, Ben Ditzer and Bob Carlson of Triple Net Capital, and procured the buyer, a Florida-based real estate investment trust. The portfolio included a range of lease structures and ownership entities. Two additional assets were sold separately to private buyers prior to the sale of the remaining 18 properties.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts