Monday, March 30, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Midwest

AcquisitionsIllinoisMidwestMultifamily

Eastham Capital, Bender Cos. Buy Multifamily Community in Metro Chicago for $24.1M

by Kristin Harlow

GLENDALE HEIGHTS, ILL. — Eastham Capital has acquired The Flats at Gladstone in the Chicago suburb of Glendale Heights with its operating partner Bender Cos. The purchase price was $24.1 million. The 168-unit, garden-style community was 96 percent leased at the time of sale. Rents average $1,690 per month. Built in 1977, The Flats at Gladstone consists of 31 buildings. A renovation plan calls for more than $2.5 million in exterior building improvements and interior unit upgrades, complemented by the construction of a new clubhouse with a fitness center, leasing office and maintenance shop. To date, Eastham and Bender have co-invested in 12 projects.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMissouri

TopSide Marinas Acquires Campbell Point Marina in Shell Knob, Missouri

by Kristin Harlow

SHELL KNOB, MO. — TopSide Marinas has acquired Campbell Point Marina on Table Rock Lake in Shell Knob within southwest Missouri. The transaction marks the third for TopSide Marinas in Missouri and the Ozarks, after the acquisition of Cape Fair Marina and Hideaway Marina in 2023. Campbell Point Marina features more than 280 wet slips ranging in length from 24 to 80 feet. Amenities include wet storage, fuel, boat rentals, retail and an ice cream shop. This spring, TopSide Marinas will expand the capacity with the addition of 50 new wet slips, constructed by its in-house dock building partner James River Dock Services.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRetail

Boulder Group Arranges $5.3M Sale of CVS-Occupied Retail Property in Chicago

by Kristin Harlow

CHICAGO — The Boulder Group has arranged the $5.3 million sale of a single-tenant retail property net leased to CVS in Chicago. Constructed in 2002, the 15,414-square-foot building is located at 3951 W. 103rd St. CVS recently executed a long-term lease extension through January 2039. The lease features 10 five-year renewal options with 5 percent rental escalations in each option period. Portions of the property are master leased by CVS to Subway and CD One Price Cleaners, both of which have been operating at the location since 2002 and 2003, respectively. Randy Blankstein, Jimmy Goodman and John Feeney of Boulder Group represented the seller, a Northeast-based real estate investment company. The buyer was a self-represented real estate trust.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMidwestOfficeWisconsin

Astec Industries Signs 8,353 SF Office Lease in Mequon, Wisconsin

by Kristin Harlow

MEQUON, WIS. — Kolberg-Pioneer Inc., a division of Astec Industries, has signed a lease with St. John Properties Inc. for 8,353 square feet at Donges Bay Office Center in the Milwaukee suburb of Mequon. The two-story office building totals nearly 36,000 square feet. The company, which provides equipment servicing the infrastructure, aggregates and mining industries, plans to relocate approximately 20 employees to the building at 10375 N. Baldev Court later this year. Greg Fax represented the landlord on an internal basis, while Brett Garceau of Colliers represented the tenant. St. John Properties acquired the building in 2022.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMidwestMissouri

SparrowHawk, Almanac Realty Acquire Distribution Center in Metro St. Louis for $28.5M

by Kristin Harlow

ST. PETERS, MO. — SparrowHawk, through a joint venture partnership with Almanac Realty Investors, has acquired Premier 370 DC II, a 366,900-square-foot distribution center on 20 acres in the Premier 370 Business Park in St. Peters near St. Louis. The purchase price was $28.5 million. Panattoni developed the property in 2023. Reaction Auto Parts occupies 265,393 square feet, while the remaining 101,000 square feet has been leased by Crown Packaging Corp. The building features a clear height of 36 feet, 60-foot loading bays, parking for 100 cars and 27 trailers, 13 dock-high doors, one drive-in door, an ESFR sprinkler system and LED lighting. Premier 370 Business Park is located at Highway 370 near I-70. Tenants include Amazon, Reckitt Benckiser and Medline. In late 2025, Almanac committed $300 million in growth capital to SparrowHawk, which utilized some of that capital for the acquisition of a 764,735-square-foot warehouse in Edgerton, Kan.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMidwestMinnesota

Founders Properties Buys Two-Building Industrial Portfolio Near Minneapolis for $26.4M

by Kristin Harlow

EAGAN, MINN. — Founders Properties has acquired Gateway I & II, a fully leased, two-building industrial portfolio totaling 169,656 square feet on Lone Oak Road in Eagan, for $26.4 million. The properties, built in 2016 to 2018, feature a clear height of 24 feet, ample dock doors and fenced trailer parking. Judd Welliver and Bentley Smith of CBRE represented the undisclosed seller.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMissouriRetail

Gantry Arranges $22M Refinancing for Chesterfield Commons Shopping Center in Missouri

by Kristin Harlow

CHESTERFIELD, MO. — Gantry has arranged a $22 million permanent loan to refinance maturing debt for Chesterfield Commons, a retail power center in Chesterfield, a western suburb of St. Louis. Anchor tenants at the 750,000-square-foot inline center include Walmart, Sam’s Club, Lowe’s, Best Buy and Ross. Additional tenants include a mix of 40 restaurant, fast food, beauty, fashion, professional service, sporting goods, banking, home goods and health and wellness. Joe Monteleone and Rulin Dai of Gantry represented the borrower, a private real estate investor. One of Gantry’s correspondent insurance company lenders provided the five-year, fixed-rate nonrecourse loan, which offers full-term interest-only payments. Gantry will service the loan for the lender.

Continue Reading
FacebookTwitterLinkedinEmail
MichiganMidwest

Farbman Group Expands Family of Organizations with ClimateGuard Pro

by Kristin Harlow

FARMINGTON HILLS, MICH. — Farbman Group has expanded its family of organizations with ClimateGuard Pro, a new temperature and environmental monitoring solution. ClimateGuard Pro was created to protect buildings, prevent emergencies and enhance operations by helping identify areas of risk, monitor temperatures during winters or heavy summer rains, detect potential liquid infiltration in office suites and protect pipes from bursting. Farbman Group has appointed Jordan Valasek, senior vice president and director of property management, to lead ClimateGuard Pro sales. The company started within the Farbman Group property-managed portfolio and is expanding outside the firm’s managed properties to buildings throughout the Midwest. ClimateGuard Pro joins Farbman Group’s broader family of organizations, including Apex Mechanical Solutions, Huntington Construction, NAI Farbman, Huntington Maintenance and more.

Continue Reading
FacebookTwitterLinkedinEmail
EQT-real-estate-portfolio
AcquisitionsIndustrialMidwestNortheastPennsylvaniaSoutheastTexasTop StoriesWestern

EQT Real Estate Sells 7.3 MSF Logistics Portfolio Across 12 Markets

by Abby Cox

RADNOR, PA. AND LOS ANGELES — EQT Real Estate, on behalf of its EQT Real Estate Industrial Core-Plus Fund II, has sold a 36-property logistics portfolio totaling 7.3 million square feet across 12 markets. A real estate investment fund managed by Los Angeles-based Ares Management acquired the portfolio for $650 million, according to various media outlets. Marq Logistics, an affiliate of Ares Management, will manage the properties on behalf of the new ownership. “This transaction highlights EQT Real Estate’s strength in creating and realizing value across the investment lifecycle,” says Matthew Brodnik, global chief investment officer at EQT Real Estate. “The team combined thoughtful portfolio construction with EQT Real Estate’s differentiated hands-on active management to build a portfolio with strong underlying fundamentals, enhance its performance and ultimately deliver an outcome that reflects its quality and future potential.”  The portfolio spans distribution markets such as Chicago, Phoenix, Dallas, Atlanta, North Carolina, South Carolina, Southern California, Memphis, Columbus and Cincinnati. The properties are more than 95 percent leased to various tenants active in e-commerce, distribution, food-and-beverage and light manufacturing sectors. Amenities throughout the portfolio include 31-foot clear heights, cross-deck and rear-load configuration, truck courts and significant parking accommodations. John Huguenard, Trent Agnew, and …

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLoansMichiganMidwest

PCCP Provides $180.5M Refinancing for 2.1 MSF Industrial Park Near Detroit

by Kristin Harlow

HIGHLAND PARK, MICH. — PCCP has provided a $180.5 million senior loan to a joint venture between AEW Capital Management and Trident Capital Group for the refinancing of Oakland Park, a 10-building, 2.1 million-square-foot industrial park in Highland Park, about six miles north of downtown Detroit. Built between 1997 and 2020, the infill properties feature clear heights ranging from 24 to 32 feet, efficient loading ratios, ample truck parking and access to two major freeways. The park is located 10 miles away from Stellantis Detroit Assembly Complex and five miles from GM Factory Zero.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts