Midwest

Brennan Investment Group to Build 140,340 SF Food Processing Facility for Tovala in Winfield, Illinois

by Kristin Harlow February 13, 2026

WINFIELD, ILL. — Brennan Investment Group has signed a long-term lease with Tovala for a new 140,340-square-foot food processing facility in Winfield. Construction on the build-to-suit project is scheduled to commence in March. Completion is slated for the second quarter of 2027. The project represents Brennan’s fourth build-to-suit development in the food service sector. Founded in 2015, Tovala is a meal delivery service. Tod Greenwood, Jack Brennan and Larry DiVito represented Brennan on an internal basis. Jonathan Kohn of Colliers represented Tovala.

February 13, 2026

Development Midwest Multifamily Ohio Seniors Housing

Evergreen Real Estate Group Breaks Ground on 120-Unit Affordable Assisted Living Community in Ohio

by Kristin Harlow February 13, 2026

HOLLAND, OHIO — Evergreen Real Estate Group has broken ground on Green Oaks of Holland, a four-story, 120-unit affordable assisted living community in Holland near Toledo. Site work is underway, with completion and opening anticipated in March 2027. Located at 6650 N. Mall Drive, Green Oaks of Holland will feature 67 studio and 53 one-bedroom apartments. Assisted living provider Gardant Management Solutions will manage the property, which will be licensed as a residential care facility by the Ohio Department of Health (ODH) and approved as a Medicaid-assisted living service provider through the Ohio Department of Aging (ODA). The project is one of the first purpose-built affordable assisted living developments to break ground in Ohio, according to Evergreen, and is being completed in partnership with Ohio Housing Finance Agency (OHFA), Ohio Department of Medicaid, ODA and ODH. Each unit will offer a kitchenette with a sink, refrigerator and microwave, with the flexibility to be upgraded to a full kitchen if needed. Units will also include a full private bathroom with a shower and grab bars, living and/or bedroom space, individual heating and air conditioning and an emergency alert system. Amenities will include a large dining room with a commercial kitchen providing …

February 13, 2026

Acquisitions Industrial Midwest Minnesota

Brisky Net Lease Arranges $10.3M Sale-Leaseback of Minnesota Industrial Property

by Kristin Harlow February 13, 2026

GOLDEN VALLEY, MINN. — Brisky Net Lease has arranged the $10.3 million sale-leaseback of a single-tenant industrial property occupied by Process Displays in Golden Valley. Brian Brisky represented the buyer, while Jordan Greenberg of SpaceNet Equities LLC represented the seller. The user has a new 15-year absolute triple net lease with zero landlord responsibilities and annual rent increases. The property is situated within a well-established industrial park.

February 13, 2026

Acquisitions Midwest Missouri Retail

Block & Co. Brokers Sale of 9,500 SF Retail Strip Center in Belton, Missouri

by Kristin Harlow February 13, 2026

BELTON, MO. — Block & Co. Inc. Realtors has brokered the sale of Belton Center, a 9,500-square-foot retail strip center in Belton. Block & Co. principals played a key role in the property’s original development in 2002 and have served as the ownership and property management company since its completion. The seller was the original owner of the center, and this transaction marks the first sale of the fully leased property since it was built. Block & Co. will continue to provide leasing and property management services for the new ownership. David Block, Zachary Albrecht and Grant Summers of Block & Co. represented the seller. The buyer was an out-of-state investor.

February 13, 2026

Acquisitions Illinois Midwest Multifamily

Greystone Provides Financing for $110M Multifamily Acquisition in Suburban Chicago

by Kristin Harlow February 12, 2026

CREST HILL, ILL. — Greystone has provided an $89.2 million first loan and a $5.6 million second loan to finance the acquisition of Woodlands of Crest Hill, a 730-unit multifamily property in Crest Hill. Eric Rosenstock of Greystone originated the loan on behalf of the buyer, Bayshore Properties. The financing includes an $89.2 million nonrecourse, fixed-rate Fannie Mae loan with a 10-year term and 30-year amortization as well as five years of interest-only payments. The second is a nonrecourse, fixed-rate DUS Lender Affiliate mezzanine loan with a 10-year term and full-term interest-only payments. Built in 1969, the property features studio, one- and two-bedroom units along with a clubhouse, fitness center, business center, pool and outdoor volleyball courts. The sales price is about 16 percent more than what Osso Capital paid for the complex in 2023, according to Crain’s Chicago Business.

February 12, 2026

Acquisitions Midwest Missouri Multifamily

LouMin Holdings Buys 57-Unit Townhome Community in St. Charles, Missouri

by Kristin Harlow February 12, 2026

ST. CHARLES, MO. — LouMin Holdings has acquired Springwell Village, a 57-unit single-family and townhome rental community in the St. Louis suburb of St. Charles. Springwell Village features two- and three-bedroom floor plans. Select homes include basements and there is a combination of attached and detached garages. Amenities include a walking trail, covered community pavilion with barbecue area and pet-friendly outdoor spaces. Capital Eleven Management will assume day-to-day operations.

February 12, 2026

Development Midwest Minnesota Retail

Kraus-Anderson Completes $24.7M NorthStar Ford Arena in Hermantown, Minnesota

by Kristin Harlow February 12, 2026

HERMANTOWN, MINN. — Kraus-Anderson has completed construction of the $24.7 million NorthStar Ford Arena in Hermantown within northeast Minnesota. Designed by DSGW Architecture, the project encompasses a 77,595-square-foot, two-story ice arena addition. The arena includes team spaces, an ice operations center and a 360-degree viewing mezzanine with walking track that is free to use and open to the public. There are nearly 700 individual spectator seats accessible through a south-oriented lobby. For over three decades, the Hermantown Arena has provided a home for youth hockey leagues and teams. It has also served as a gathering place for community members, including school district physical education classes, adult hockey leagues, broomball, fitness organizations and hockey camps. Recognizing the need for expansion, local voters in 2022 approved a city sales tax increase to fund the transformation of the existing arena into the NorthStar Ford Arena.

February 12, 2026

Acquisitions Illinois Industrial Midwest

Matterhorn Venture Partners, TPG Acquire Two Chicagoland Industrial Buildings

by Kristin Harlow February 12, 2026

CHICAGO — Matterhorn Venture Partners (MVP) has formed a joint venture with TPG Angelo Gordon U.S. Real Estate to acquire a portfolio of industrial value-add assets in metro Chicago and surrounding Midwest markets over the next four years. The joint venture has an initial equity commitment of $300 million to deploy across industrial acquisitions in Chicago and surrounding target markets, with total buying power of over $900 million. As part of the new venture, the firms recently acquired two vacant industrial assets totaling $30 million in capitalized value. The first building totals 184,902 square feet in Elk Grove Village, while the second spans 47,175 square feet in Lombard. Brian Colson of Avison Young is handling leasing for the Elk Grove Village property, while Joe Karmin of Transwestern is the leasing agent for the Lombard facility.

February 12, 2026

Data Centers Industrial Market Reports Midwest Midwest Market Reports Missouri

Why Data Centers Are Emerging as a Defining Opportunity for the St. Louis Region

by Kristin Harlow February 12, 2026

By David Steinbach, JLL As artificial intelligence (AI) acceleration, cloud expansion and high-performance computing reshape the digital economy, cities across the U.S. are reevaluating whether they can meaningfully compete for data center investment. St. Louis is increasingly part of that national conversation — and the reasons are structural, not speculative. With competitive power pricing, repurposable industrial infrastructure, developable land and a strengthening policy framework, the region is positioned to capture the next wave of large-scale digital infrastructure. This moment represents more than a real estate opportunity. It’s an inflection point that could redefine the region’s industrial future if public and private stakeholders act in alignment. Cost, infrastructure profile Data center site selection begins with power and connectivity, and St. Louis offers meaningful advantages on both. Missouri’s industrial electricity rates continue to trend below the national average, with the state at 7.69 cents per kilowatt-hour compared with the U.S. industrial average of 8.65 cents per kilowatt-hour, according to the latest EIA data. This is a significant differentiator for large-scale campuses with substantial, long-duration energy needs. The region’s legacy industrial and former generation sites also come with high capacity transmission infrastructure that can be repurposed, reducing both development timelines and the cost …

February 12, 2026

Acquisitions Kansas Midwest Multifamily

MMG Real Estate Advisors Arranges $100M Sale of Multifamily Community in Metro Kansas City

by Kristin Harlow February 11, 2026

OVERLAND PARK, KAN. — MMG Real Estate Advisors has arranged the sale of Residences at Prairiefire, a 426-unit multifamily community in Overland Park. The sales price exceeded $100 million. Price Brothers Management Co., a Kansas City-based owner-operator, was the buyer. CRES Management, in partnership with Artemis Real Estate Partners, was the seller. TJ Wahl, Harry Trotter, Colson Bayles, Parker Guffey, Brett Meinzer, Michael Sullivan and Alex Blagojevich of MMG brokered the sale.

February 11, 2026

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