ROSEMONT, ILL. — Claire’s Holdings LLC, a global accessories retailer and portfolio company of Ames Watson, has signed a 43,200-square-foot office headquarters lease at Columbia Centre III in the Chicago suburb of Rosemont. Claire’s will relocate its headquarters from Hoffman Estates, Ill., with the new space expected to open in early 2027. John Clark and Sean Moran of Newmark and Spence Mehl of RCS Real Estate Advisors represented the tenant. Joe Stevens and Steve Degodny of Transwestern represented the undisclosed landlord. Located at 9295 W. Bryn Mawr Ave., Columbia Centre III is a nine-story office building totaling 238,696 square feet. Amenities include a fitness center, onsite dining and covered parking.
BLOOMINGTON, IND. — Knighthead Funding has provided a $39.75 million first mortgage loan to refinance Stadium Crossing, a 226-unit, 734-bed student housing property in Bloomington located directly across from Indiana University Memorial Stadium. The borrower, Varsity Properties, has owned and operated the community for many years. Stadium Crossing was built in the 1980s.
WAUKEGAN, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has acquired a 122,601-square-foot industrial building located at 3210 Oak Grove Ave. in Waukegan. The multi-tenant property was 66 percent leased at the time of sale. Constructed in 2006, the precast building is demised into three units. It features a clear height of 30 feet, 12 exterior docks, three drive-in doors, an ESFR sprinkler system and parking for more than 125 cars. The available unit is 41,838 square feet, including approximately 2,839 square feet of office space. Venture One plans to complete several improvements to the vacant unit, including office renovations, warehouse lighting and renovations to the bathroom and breakroom. Joe Horrigan, Zach Graham and Ryan Bain of CBRE represented the undisclosed seller. Whit Heitman and Jack Fitzpatrick of CBRE will market the property for lease. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.
LENEXA, KAN. — Copaken Brooks has acquired Kansas Commerce Center, a nearly 98,000-square-foot mixed-use property in Lenexa. The firm will assume full responsibility for property management, accounting and leasing. Kansas Commerce Center is comprised of four buildings, including two multi-tenant flex properties offering a blend of office, showroom and warehouse space; a multi-tenant retail strip center; and a quick-service restaurant with drive-thru occupied by Abelardo’s Mexican Fresh. The property also includes an undeveloped pad site of approximately half an acre. The property is home to 18 tenants, including Wallaby’s Grill and Pub, Philips, DePuy Synthes, Neff Power, Social Security Administration, Apria and Amerita Specialty Infusion Services. Copaken Brook’s Kassie Murphy will oversee retail leasing, while Moly Crawford Munninghoff will handle office and light industrial leasing.
WHITESTOWN, IND. — JLL Income Property Trust has acquired Whitestown Distribution Center III, a Class A industrial facility in the Indianapolis suburb of Whitestown, for approximately $60 million. The 605,000-square-foot property is fully leased to a single tenant with a seven-year remaining lease term featuring 2.5 percent annual escalations. Developed in 2023, the asset features a clear height of 36 feet.
KANSAS CITY, MO. — BAM Capital has acquired Kinsley Forest Apartments, a 328-unit multifamily community in Kansas City. The property marks the second acquisition within the BAM Multifamily Growth Fund V and the third in the BAM Preferred Credit Fund. Built in 2018, Kinsley Forest is situated in the Clay County submarket and is roughly 97 percent occupied. BAM Capital will transition property operations to its vertically integrated platform, BAM Management.
MATTOON, ILL. — SVN Chicago Commercial has brokered the $17.1 million sale of the 102-room Hilton Garden Inn Mattoon. Constructed in 2022, the property is located at 100 Coles Centre Parkway and features Hilton’s new branded layout. Derek Gonsch of SVN Chicago represented the undisclosed seller. Lekhraj Ahuja, a local investor and experienced hotel operator, was the buyer.
GILBERTS, ILL. — Opus has completed construction on a 52,174-square-foot build-to-suit facility for Elgin Recycling at 58 Center Drive in Gilberts, a far northwest suburb of Chicago. Situated in the Turnberry Lakes Business Park, the facility is blocks away from Elgin Recycling’s headquarters and serves as one of its four Chicago-area recycling scrap yards. Elgin Recycling is a family-owned operation that processes ferrous and non-ferrous metals, exotic alloys and electronics. The new Gilberts location processes recycled electronics from public drop-off facilities, breaking them down into components that are transported to downstream recyclers. The facility, which will be fully operational in July, features a clear height of 28 feet, six dock doors, two drive-in doors and up to 58 vehicle parking stalls. Opus served as the design-builder and worked in partnership with Architects Plus Design Studio PLLC, Structural Enginuity Inc. and Spaceco.
INDIANAPOLIS — The 800-room Signia by Hilton Indianapolis hotel is now available for reservations beginning Feb. 1, 2027. The project marks the city’s tallest hotel and the Indiana Convention Center’s newest headquarters hotel, according to Hilton. It will also be the first property in both the Midwest and Indiana for the “approachable luxury brand.” The City of Indianapolis will own the hotel, with operations led by the Capital Improvement Board of Managers of Marion County, a municipal corporation of Marion County. The hotel will be located along the Georgia Street pedestrian promenade in the Wholesale District, with direct access via skywalk to the Indiana Convention Center. The property will offer convenient access to Lucas Oil Stadium and Gainbridge Fieldhouse. Designed by Ratio Design, the property will include 70 suites ranging from 450 to 1,900 square feet. The interiors, designed by Rottet Studio Architecture and Design, will abstractly reference Indianapolis’s connection to car culture and the luxury of auto racing. The property will also feature a public art collection curated by Art Strategies. Guests will enjoy seven chef-driven dining and bar concepts, including a lobby bar, an all-day restaurant focused on elevated comfort fare and a 38th-floor bar and lounge. Additional …
CHICAGO — American Eagle Outfitters has signed a lease for a new flagship store at 600 N. Michigan Ave. in Chicago. The 14,182-square-foot store is expected to open on July 1, 2027. American Eagle will occupy space opposite UNIQLO, which returned to Michigan Avenue with its store opening in March. The Chicago flagship will be American Eagle’s second flagship store in the U.S., following the opening of its New York City flagship late last year. The surrounding stretch of Michigan Avenue recently saw the opening of Aritzia and a new home for The North Face. The Cube, a London-based urban playground concept, is slated to open this summer. The Candy Hall of Fame will debut in summer 2027. Marget Graham, Dick Spinell and Stan Nitzberg of Mid-America Asset Management represented the owners of 600 N. Michigan Ave. Jim Sakanich and Riley McCarron of CBRE represented American Eagle.
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