CINCINNATI AND PITTSBURGH — The Kroger Co. and Giant Eagle Inc. have entered into a definitive agreement under which Kroger will acquire Giant Eagle, a family-owned food and pharmacy retailer based in Pittsburgh with 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. The transaction has been unanimously approved by Cincinnati-based Kroger’s board of directors. The purchase price of $1.65 billion is comprised of $1.25 billion in cash consideration and the assumption of approximately $400 million in outstanding liabilities. The transaction is expected to close in 2027, subject to receipt of required regulatory clearance and other customary closing conditions.
CHICAGO — Chicago-based developer Focus has topped out 1221 W. Washington Blvd., a new apartment tower in Chicago’s Fulton Market neighborhood. Focus is also serving as the general contractor. Designed by Pappageorge Haymes, the 19-story, 286,232-square-foot development will feature a concrete podium with a brick façade, topped by a glass curtain wall spanning floors five through 19. Once complete, the project will include 287 apartment units, roughly 2,700 square feet of ground-floor retail space and 110 parking spaces. Apartments will come in a mix of studio, one- and two-bedroom units. Amenities will total more than 25,000 square feet and include three rooftop decks with a pool and grilling stations, a spa with an indoor hut tub, sauna, a fitness center with yoga and spin studios, private coworking spaces and a dog spa and dog run. Partner’s By Design is the interior designer, and Luxury Living is handling marketing and leasing. The development will be known as 1221, and first deliveries are anticipated in January 2027. The project is a Focus-led joint venture between DAC Developments and Melrose Ascension Capital. CIBC Capital and Heitman provided financing.
SOUTHFIELD, MICH. — The Southfield City Council has approved a $65.1 million redevelopment project that will transform the former Blue Cross Blue Shield campus on West 11 Mile Road into a mixed-use community featuring 305 workforce housing apartments, neighborhood retail and opportunities for future commercial development. The project, led by DV Properties LLC, an affiliate of Brady Sullivan, will breathe new life into two former office towers that have remained underutilized for years. All apartments will be marketed to households earning up to 120 percent of the area median income. Construction timelines and additional project updates will be shared as redevelopment activities move forward, according to the city.
GENEVA, ILL. — Quantum Real Estate Advisors Inc. has brokered the sale of an 88,000-square-foot shopping center in Geneva. Located at 1310 Commons Drive, the property consists of four multi-tenant and two single-tenant buildings. Dan Waszak and Brett Berlin of Quantum brokered the transaction. The buyer was a global real estate investment manager, and the seller was an investment fund based on the East Coast.
GAHANNA, OHIO — Colliers has brokered the sale of Eastgate Logistics Center, a 292,594-square-foot industrial property in Gahanna within the East submarket of Columbus. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Joel Yakovac, Shane Woloshan and Michael Linder of Colliers represented the seller, a venture between Scannell Properties and Manulife Investment Management, a company of Manulife Wealth & Asset Management. Eastgate Logistics Center is fully leased to Wesco and Nuvik USA. The property features a clear height of 32 feet, 30 dock doors and direct access to I-70 and I-71. Dogwood Industrial Properties, a TPG Real Estate platform, was the buyer.
DULUTH, MINN. — Northmarq has arranged the $25.5 million sale of Vintage Acres, a 300-site manufactured housing community with two apartments and 14 mini-storage units in Duluth. Anthony Pino, Ari Azarbarzin, Jamie Grant and Wallace Halpert of Northmarq represented the seller, GHI Investments. Dan Trebil and Logan McCarthy of Northmarq arranged Freddie Mac acquisition financing on behalf of the buyer, Legacy Communities MHP. The $14.5 million loan features a five-year term and a fixed interest rate. Built in 1985, Vintage Acres spans 93 acres and is more than 97 percent occupied.
COLUMBUS, OHIO — CBRE has opened its new 19,500-square-foot office on the fifth floor at 10 W. Nationwide Blvd., a trophy office building within the Arena District owned and developed by Nationwide Realty Investors in downtown Columbus. The firm has relocated from 200 Civic Center Drive. The new office is part of CBRE’s Workplace360 program, which showcases the company’s “Future of Work” space standards, including technology and collaborative spaces designed to support hybrid working. The office features several different work areas organized across six team “neighborhoods,” each offering a mix of individual and shared meeting and support spaces along with focus rooms, huddle rooms, conference rooms and project rooms. The office’s design draws inspiration from bespoke hotels and hospitality-focused experiences.
OVERLAND PARK, KAN. — Quilters HQ, a family-owned and operated quilt shop, has relocated from Olathe to 9012 Metcalf Ave. in Overland Park. Daniel Brocato of Block & Co. Inc. Realtors represented Quilters HQ in the sale of its original location at 16175 W. 13 5th St. in Olathe as well as the lease for its new 10,000-square-foot building in the Block & Co.-managed Glenwood Plaza Shopping Center in Overland Park. The store is now open. Starfish Project Foundation, a local aid organization, will soon occupy Quilters HQ’s previous location in Olathe. To facilitate the successful completion of the transaction, Brocato and Starfish Project representative Karla Johnson of Keller Williams both donated a portion of their commissions. Due to tight timeline restrictions, Starfish Project will reside in a temporary location within Block & Co.-managed Blackbob Corners Shopping Center in Olathe provided by Brocato and David Block. The nonprofit is expected to move into its permanent location within the next few months.
RICHMOND HEIGHTS, MO. — Life Time is expanding its presence in the St. Louis market with plans to introduce Life Time Living, its wellness-centered luxury residential concept, through a new partnership with Midas Hospitality. The seven-story development in Richmond Heights will combine upscale residences with Life Time’s signature athletic club. Plans call for 263 apartment units in a mix of studio, one- and two-bedroom layouts. Residents will benefit from direct access to a 110,000-square-foot Life Time athletic club. Amenities will include a 30,000-square-foot rooftop pool and outdoor amenity deck; fitness, training and recovery spaces; dedicated group fitness studios and personal coaching services; and indoor and outdoor gathering spaces. There will also be 6,000 square feet of retail space. The project will be part of the broader Boulevard South mixed-use development along Brentwood Boulevard.
KANSAS CITY, MO. — Milhaus has received approval from the Missouri Housing Development Commission (MHDC) for Low-Income Housing Tax Credits (LIHTC) to advance Linwood & Troost Apartments in Kansas City. The project will convert two vacant lots at 2300 Troost Ave. into an affordable housing development featuring two four-story buildings with 194 units. The project marks the first LIHTC development in Kansas City for Milhaus. Funding for the development includes 4 percent federal tax credits through the MHDC LIHTC program, a tax abatement from Kansas City’s Planned Industrial Expansion Authority and $1.5 million awarded from the Kansas City Housing Trust Fund. All units will serve households at or below 60 percent of the area median income. Construction is expected to begin by the end of 2026, with completion anticipated in 2028. Milhaus is serving as both developer and general contractor.
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