LIBERTY, MO. — Metrobloks, a developer of AI-ready, low-latency data center infrastructure in major metropolitan markets, has formed a joint venture with Lincoln Property Co., a full-service real estate firm with an established data center platform. The partnership will focus on the co-development of a high-performance data center campus in Liberty within metro Kansas City. The newly acquired site totals 30 acres and is already zoned and powered for data center use. It sits within 10 miles of the GPC Missouri Internet Exchange Point. Plans call for a multi-phase, 568,000-square-foot campus designed to support hyperscale, AI and enterprise data center workloads, with flexibility to scale over time beyond the initial 150MW total utility power.
MINNEAPOLIS — Colliers has arranged the $9 million sale of Anderson Plaza Apartments, a 100-unit multifamily community in Minneapolis. The transaction marks the first time the asset has changed ownership. The property was developed in 1963 on a former quarry site and family-owned since its inception. Mox Gunderson, Dan Linnell, Adam Haydon, Devon Dvorak and Drew Jackson of Colliers represented the seller. The buyer, Quarry Apartments LLC, plans to make targeted renovations and operational enhancements. The property was 86 percent occupied at the time of sale.
OTSEGO, MINN. — Marcus & Millichap has brokered the $6.3 million sale of a childcare facility net leased to Everbrook Academy in Otsego, about 33 miles northwest of downtown Minneapolis. Built in 2025, the 11,758-square-foot property features a 15-year lease backed by Learning Care Group. Spencer Berkley, Mark Ruble, Chris Lind, Zack House and Jon Ruzicka of Marcus & Millichap represented the seller, a Minnesota-based limited liability company, and procured the buyer, a Delaware-based limited liability company.
CHICAGO — Chicago-based construction firm Bulley & Andrews (B&A) has acquired Interior Construction Group (ICG), a Chicago-based general contractor specializing in interior construction. ICG will now operate as Bulley & Andrews Interior Construction Group and will continue to serve clients from its current downtown Chicago office. ICG founders Steve Zuwala and Mike Lynk will continue to lead the business. The acquisition marks the fifth in B&A’s history and comes as the company celebrates its 135th year in business.
WENTZVILLE, MO. — Missouri-based cannabis brand VIBE Cannabis is developing a flagship dispensary, VIBE City, at the final retail outlot at Grand Central at The Junction in Wentzville, a western suburb of St. Louis. Mia Rose Holdings is the developer for the Grand Central at The Junction mixed-use development. The project includes 180 luxury apartment units with a mix of retail, fitness and dining tenants, including Sugarfire and F45 Training, along with a Holiday Inn Express hotel. Additional retail space, formerly occupied by Brett Hull’s Junction House, is currently available for lease. The Wentzville location for VIBE will total 6,500 square feet and represent an estimated $7.5 million investment. The space will feature a drive-thru pickup window. The project team includes Layne Co. Construction, SE/Coady Architects, Premier Design Group, Crockett Engineering Consultants and Engenuity. Triad Bank provided financing. Construction is underway, with a target opening slated for September.
CHICAGO — Interra Realty has brokered the $7.3 million sale of 1755 N. Damen Ave., a 13-unit apartment and retail building adjacent to The 606 trail in Chicago’s Bucktown neighborhood. The deal marks the highest sales price of any multifamily or mixed-use asset in the submarket in over two years, per CoStar data. Joe Smazal and Mark Dykstra of Interra represented the buyer, Stocking Urban LLC, led by Nicholas Stocking. Smazal and Dykstra also represented the confidential seller in the off-market deal. All residential units were fully occupied at the time of sale. The property features three two-bedroom units, five three-bedroom units and two four-bedroom layouts. In addition to the residential units, the building includes three commercial spaces, two of which were occupied at the time of sale to a bridal shop and a health and wellness center. Stocking Urban plans to make light cosmetic updates to the commercial spaces and lease the vacant storefront.
CENTERVILLE, OHIO — Oberer Cos. has completed the final retail strip center within The Cornerstone of Centerville North, Shoppes at Cornerstone IV, officially marking the full build-out of the mixed-use development in the Dayton suburb of Centerville. The center, totaling 10,098 square feet, represents the final phase of a multi-year development transforming the Wilmington Pike and Feedwire Road corridor. The strip center is fully leased to tenants such as Chicken Salad Chick, Body Par Pilates and Mi Cozumel. Construction began on The Cornerstone of Centerville North in 2014. Oberer expects to break ground this summer on The Cornerstone of Centerville South, a 72-acre mixed-use development located on the south side of I-675.
DETROIT — F.H. Paschen, an infrastructure construction company, has signed an office lease totaling more than 8,500 square feet at the Talon Center at 100 RiverPlace in Detroit. The Class A property is situated along the Detroit riverfront. The lease provides triple the space of the firm’s current location. Andrew Bower of Friedman Real Estate represented the tenant, while Steve Eisenshtadt and Peter Jankowski of Friedman represented the undisclosed landlord.
PITTSBORO, IND. — Faith Technologies Inc. (FTI) is expanding to Pittsboro, about 30 miles northwest of Indiana, and has begun construction on a 500,000-square-foot manufacturing facility within Opus’ Pittsboro Commerce Center. FTI delivers solutions in engineering, construction, manufacturing and clean energy. The new Pittsboro facility will support FTI’s Excellerate brand, which specializes in modular electrical assemblies and energy solutions. The project will create more than 200 skilled manufacturing and electrical jobs. Pittsboro Commerce Center is a new 170-acre industrial development planned by Opus that is located near I-74. Opus sold 47 acres to FTI and is currently completing site infrastructure, including grading, access roads and utilities. FTI is serving as general contractor for its facility, which marks the first building within the development. Opus plans to build out the remainder of the project in phases. The State of Indiana and Hendricks County provided incentive-based tax credits through the Indiana Economic Development Corp. and a property tax abatement through Hendricks County based on FTI’s expected impact on economic growth and job creation in Pittsboro and the surrounding region.
GRAND CHUTE, WIS. — Associated Bank has provided a $32.7 million loan to Toonen Inc. for the construction of The Strata Apartments, a multifamily complex along McCarthy Road in Grand Chute. The 25-building project will include 236 units. Several of the buildings will feature attached or detached garages, and the majority (172) of the units will be two-bedroom floor plans. Construction is underway, and completion is slated for February 2028. Toonen maintains a portfolio of nearly 3,500 units across the Green Bay and Fox Valley areas of Wisconsin. Tim Jorgensen of Associated Bank managed the loan arrangements and closing.
Newer Posts