Midwest

JLL Arranges Sale of 413,267 SF Mid America Plaza Office Complex in Metro Chicago

by Kristin Harlow January 7, 2026

OAKBROOK TERRACE, ILL. — JLL Capital Markets has arranged the sale and financing of Mid America Plaza, a two-building office complex in the Chicago suburb of Oakbrook Terrace. JLL represented the seller, Equus Capital Partners Ltd., in the sale of the property to Tryperion Holdings. JLL also worked on behalf of the buyer to secure an acquisition loan through an insurance company. Mid America Plaza consists of two 10-story office towers totaling 413,267 square feet. The Class A property was recently renovated with a redesigned lobby, updated atrium spaces with three Wi-Fi lounges, a conference center, outdoor terraces and a new fitness center with a golf simulator. Building improvements included elevator modernizations, HVAC upgrades, LED lighting and electric charging stations in the covered garage. The property is 87 percent leased to tenants such as Graycor Services, BCS Financial, Crowe and International Contractors. The asset is situated on 5.3 acres across the street from Oakbrook Center shopping mall. Sam DiFrancesca, Jaime Fink, Bruce Miller and Misha Katashevich of JLL represented the seller. Lucas Borges, Matt Maksymec and Ryan Planek of JLL arranged the financing.

January 7, 2026

Development Midwest Missouri Multifamily

Mia Rose Holdings Breaks Ground on $57.5M Apartment Complex in Wildwood, Missouri

by Kristin Harlow January 7, 2026

WILDWOOD, MO. — St. Louis-based developer Mia Rose Holdings LLC, in partnership with Ed Kohn and Greenberg Development Co. LLC, has broken ground on Wildwood Luxury Living. The $57.5 million project will include 188 apartment units and roughly 7,000 square feet of commercial and retail space in Wildwood, a western suburb of St. Louis. The four-story building will total 215,000 square feet. Units will come in studios, one-, two- and three-bedroom floor plans, many with private balconies. Amenities will include green spaces, a pool, fire pits, a fitness center, clubhouse and rooftop terrace. The project site is steps away from Wildwood Town Center. Completion is slated for summer 2027.

January 7, 2026

Development Illinois Industrial Midwest Self-Storage

Hernandez Development Opens 625-Unit Self-Storage Facility in Carol Stream, Illinois

by Kristin Harlow January 7, 2026

CAROL STREAM, ILL. — Hernandez Development has opened Carol Stream Self Storage, a 71,510-square-foot self-storage facility with 625 units in suburban Chicago. The three-story building includes 36 drive-up units. CubeSmart will manage the property. G.A. Johnson & Son served as the general contractor.

January 7, 2026

Acquisitions Healthcare Kansas Midwest

Marcus & Millichap Brokers $18.7M Sale of Medical Office Building in Wichita, Kansas

by Kristin Harlow January 7, 2026

WICHITA, KAN. — Marcus & Millichap has brokered the $18.7 million sale of a cardiology medical office building in Wichita. Located at 3535 N. Webb Road, the 40,912-square-foot property is home to Heartland Cardiology. Spencer Koch, Christopher Biuso, Rory Shelby, Scott Gould and Colby Haugness of Marcus & Millichap represented the seller and procured the buyer.

January 7, 2026

Acquisitions Michigan Midwest Retail Wisconsin

Mid-America Brokers Sale of 714,000 SF Retail Portfolio Across Three States

by Kristin Harlow January 6, 2026

MICHIGAN, WISCONSIN AND ALABAMA — Mid-America Real Estate Corp. has brokered the sale of a four-property shopping center portfolio totaling over 714,000 square feet of retail space across Michigan, Wisconsin and Alabama. Atlanta-based RCG Ventures sold the portfolio to Beaumont, Texas-based Albanese Cormier. Bison Hollow Shopping Center in Traverse City, Mich., totals 134,798 square feet and is fully leased to Kohl’s, T.J. Maxx and Michaels. The 152,073-square-foot Oak Brook Square in Flint, Mich., is 97 percent leased. Tenants include T.J. Maxx, Hobby Lobby, Five Below, Dollar Tree, Skechers, Bath & Body Works and Buffalo Wild Wings. In Oshkosh, Wis., a two-tenant building totaling 52,302 square feet is fully occupied by Dick’s Sporting Goods and PetSmart. McGowin Park in Mobile, Ala., totals 374,881 square feet and is 98 percent leased to Dick’s House of Sport, Best Buy, Hobby Lobby, Ross, Petco and Old Navy. Ben Wineman of Mid-America brokered the sale in cooperation with Greg Hess of TSCG on McGowin Park; Daniel Stern of Mid-America on Bison Hollow and Oak Brook Square; and Nick Kohlmann, George Ghattas and Dan Rosenfeld of Mid-America on the Wisconsin property.

January 6, 2026

Acquisitions Midwest Missouri Multifamily

Greyhill Group Buys Westminster Place Apartments in St. Louis for $38.2M

by Kristin Harlow January 6, 2026

ST. LOUIS — Greyhill Group has purchased Westminster Place Apartments, a 337-unit multifamily property located at 4005 Westminster Place in St. Louis, for $38.2 million. Built during the 1980s to 1990s, the community was 96 percent occupied at the time of sale. Greyhill plans to make improvements to the property and hold it for the long term. The acquisition marks Greyhill’s expansion into its ninth state.

January 6, 2026

Acquisitions Illinois Midwest Retail

NewMark Merrill Acquires 179,106 SF Lake Meadows Shopping Center in Chicago

by Kristin Harlow January 6, 2026

CHICAGO — NewMark Merrill Cos. Inc. has acquired Lake Meadows Shopping Center, a 179,106-square-foot property in Chicago. Draper and Kramer Inc. was the seller. Anchor tenants include Jewel-Osco, LA Fitness, Foot Locker, CVS Pharmacy and Citi Trends. NewMark Merrill now owns or operates eight properties in the Chicago area representing more than 1.6 million square feet and a combined asset value of over $300 million. The company plans to upgrade Lake Meadows with improvements to signage, lighting and gathering spaces. Sandy Sigal, Jim Patton, Brad Pearl, Sandra Kist, Susan Rorison and Matt Gugliciello represented NewMark Merrill on an internal basis. Michael Nieder, Brian Page and John Dettlaff of JLL represented the seller. Lake Meadows was 85 percent leased at the time of sale.

January 6, 2026

Development Industrial Midwest Retail

Principle Construction Completes 4,000 SF Circle K Fleet Convenience Store in Suburban Chicago

by Kristin Harlow January 6, 2026

WEST DUNDEE, ILL. — Principle Construction has completed a 4,000-square-foot flagship Circle K fleet convenience store at 70 Airport Road in West Dundee, a far northwest Chicago suburb. The store is part of a 56-acre redevelopment project on I-90 at Route 31. Principle installed eight dual-sided fuel dispensers for cars and four dual-sided and two single-sided fuel dispensers for trucks on the building’s exterior. Inside is a 354-square-foot cooler for soda, water, energy drinks and beer. The team built a 52-square-foot freezer for ice cream and pizza. A hot dog island holds condiment dispensers, a soda fountain and coffee station. The redevelopment includes a 1,006-space secured truck parking facility, a comprehensive truck repair and maintenance facility, truck wash, quick-service restaurant and office space for trucking and logistics companies. Gleason Architects designed the space. An affiliate of Speedwagon Capital owns the building.

January 6, 2026

Acquisitions Content Partner Features Loans Midwest Multifamily Northeast Regions Real Estate Capital Markets Southeast Western

Navigating Fannie Mae, Freddie Mac Small Balance Multifamily Loan Programs

by Sarah Daniels January 6, 2026

By Ann Atkinson, Regions Real Estate Capital Markets Most multifamily real estate owners need to finance or refinance their apartment community at some point. Many utilize the small balance multifamily loan programs available through Fannie Mae and Freddie Mac to do so. Understanding how lenders navigate each phase of the loan cycle can give owners a strategic advantage, especially in a time of elevated rate volatility. A significant amount of multifamily debt is maturing in 2026. Borrowers should not wait to refinance to avoid the concentrated competition later in the year when lenders are faced with refinancing demand. In addition, modest rent growth today offers refinancing upside; and finally, Fannie Mae and Freddie Mac have higher production caps in 2026, providing more runway for lending. The following overview, based on Regions Real Estate Capital Markets’ experience, outlines five key phases of the process, with helpful tips throughout: 1. Screening and Term Sheet Loan screening kicks off the relationship between borrower and lender. The lender’s production representative often conducts an introductory call with the borrower, who completes an application and provides due diligence items. Access a checklist of items to provide to Regions for screening here. Tip #1: Get all required (and …

January 6, 2026

Illinois Industrial Loans Midwest

IPA Capital Markets Arranges $96.7M in Financing for Industrial Portfolio in Rockford, Illinois

by Kristin Harlow January 5, 2026

ROCKFORD, ILL. — IPA Capital Markets, a division of Marcus & Millichap, has arranged $96.7 million in financing for three industrial properties in Rockford. Frank Montalto and Ethan Splan of IPA secured the three-year, nonrecourse financing with Bank OZK on behalf of Craig Erdmier, a Northern Illinois-based design-build and construction management professional and general contractor. The portfolio comprises more than 650,000 square feet, including two fully stabilized buildings totaling 503,395 square feet. The financing will be used to consolidate the stabilized assets and support the construction of the third facility, which will total roughly 155,000 square feet. Each building was developed as a build-to-suit for a global pharmaceutical services provider.

January 5, 2026

Newer Posts

Older Posts