Midwest

Chobani Plans $567M Expansion of La Colombe Plant in West Michigan

by Kristin Harlow March 25, 2026

NORTON SHORES, MICH. — Chobani has unveiled plans for a multi-phase, $567 million expansion of its La Colombe plant in the western Michigan town of Norton Shores. The project is expected to add more than 200,000 square feet of production space and nearly 340 new jobs, while retaining 312 jobs. The company says demand is surging for La Colombe’s signature ready-to-drink lattes. La Colombe first started in Philadelphia in 1994, making crafted coffee in cafes across the country. In 2016, the brand launched its ready-to-drink lattes, which are made in Norton Shores with locally sourced milk. Chobani, which manufactures yogurt, oat milk and creamers, acquired La Colombe in 2023.

March 25, 2026

Illinois Industrial Loans Midwest Ohio

JLL Arranges $59M Refinancing for Industrial Portfolio in Metro Chicago, Cincinnati

by Kristin Harlow March 25, 2026

CHICAGO AND CINCINNATI — JLL Capital Markets has arranged a $59 million loan for the refinancing of a three-building industrial portfolio totaling 647,717 square feet across the Chicago and Cincinnati metropolitan areas. The Midwest Industrial 3-Pack comprises two facilities in Fairfield, Ohio, and one property in Hoffman Estates, Ill. All three buildings were completed in 2023 and feature a clear height of 32 feet, LED lighting with motion sensors, ESFR sprinkler systems and concrete tilt-wall construction. The portfolio is fully leased to a mix of tenants serving the logistics, distribution, manufacturing, packaging and thermal processing industries. The Ohio properties are known as Seward Pointe Commerce Park, while the Chicago asset is known as The Ninety Logistics Center and totals 201,676 square feet. Matthew Schoenfeldt, Lucas Borges, Brian Walsh, Michael Gurwin and Christian Johnston of JLL arranged the loan on behalf of the borrower, Brennan Investment Group and Reinsurance Group of America Inc. A regional bank provided the five-year loan.

March 25, 2026

Indiana Industrial Leasing Activity Midwest

Dandy Leases 258,336 SF Industrial Facility at Thunderbird Commerce Center in Indianapolis

by Kristin Harlow March 25, 2026

INDIANAPOLIS — Dandy, a dental technology company, has leased a newly constructed, 258,336-square-foot industrial facility at Thunderbird Commerce Center, a 185-acre, master-planned manufacturing and logistics park developed by Lauth Group in Indianapolis. Dandy is expected to take occupancy in the second quarter, and plans to make a significant investment to customize the interior of the building for its operations. The facility will serve as a primary hub for production, fulfillment and distribution. Dandy’s operations are expected to create more than 100 jobs in the next year. Other tenants at Thunderbird include Monarch Beverage and ABF Freight.

March 25, 2026

Illinois Loans Midwest Office Retail

MMCC Secures $4M in Financing for Office, Retail Property in Suburban Chicago

by Kristin Harlow March 25, 2026

DOWNERS GROVE, ILL. — Marcus & Millichap Capital Corp. (MMCC) has secured $4 million in financing for a 19,000-square-foot office and retail property located at 5100 Main St. in Downers Grove. Dean Giannakopoulos of MMCC secured the financing with a regional lender on behalf of the private client. The loan features high leverage, flexible prepayment and a 5.95 percent interest rate. The property’s ground floor is home to Peet’s Coffee and Duly Health. There is additional office space on the building’s upper floors.

March 25, 2026

Indiana Midwest Retail

Simon Property Group CEO David Simon Passes Away at Age 64

by Kristin Harlow March 24, 2026

INDIANAPOLIS — David Simon, chairman, CEO and president of Indianapolis-based mall owner Simon Property Group, passed away Sunday, March 22, after a battle with cancer. He was 64 years old. Simon Property Group’s board has appointed David Simon’s son, Eli Simon, as CEO and president. Eli Simon will also continue his role as COO and director of the company. Additionally, board member Larry Glasscock has been appointed to serve as non-executive chairman. David Simon joined the company’s predecessor, Melvin Simon & Associates, as CFO in 1990. In 1993, at 31 years old, he orchestrated the company’s initial public offering on the New York Stock Exchange, raising nearly $1 billion in what was then the largest real estate public stock offering in history. Two years later, he became one of the youngest CEOs of a major publicly traded company in America. Under his leadership, Simon Property Group has delivered a cumulative total shareholder return of more than 4,500 percent since its IPO. Until recently, he also served as chairman of the Supervisory Board of Klépierre, a publicly traded, Paris-based retail real estate company, and served on the board of Apollo Global Management Inc. “David’s legacy transcends financial performance. He was a leader of …

March 24, 2026

Acquisitions Midwest Retail Wisconsin

Mid-America Negotiates Sale of Whole Foods Market at Madison Yards in Wisconsin

by Kristin Harlow March 24, 2026

MADISON, WIS. — Mid-America Real Estate Corp. has negotiated the sale of a newly developed Whole Foods Market net lease totaling 51,361 square feet at Madison Yards in Madison. The store serves as the anchor to the Madison Yards mixed-use development within the University Hill Farms neighborhood. The property is located less than two miles from the heart of the University of Wisconsin-Madison. Dan Rosenfeld, Andrew Lund, Nick Kohlmann and George Ghattas of Mid-America represented the seller, Summit Smith Development. The asset sold to a private buyer.

March 24, 2026

Acquisitions Indiana Midwest Multifamily

CBRE Arranges Sale of 372-Unit Multifamily Community in Indianapolis

by Kristin Harlow March 24, 2026

INDIANAPOLIS — CBRE has arranged the sale of Deercross, a 372-unit multifamily property in Indianapolis. Iconic Property Partners purchased the asset from an affiliate of Wilkinson Corp. for an undisclosed amount. CBRE’s Hannah Ott, George Tikijian, Cam Benz and Claire Hassfurther represented the seller. Built in 1979, Deercross has undergone significant renovations during Wilkinson’s ownership, including new windows and complete interior upgrades across all units. Amenities include a business center, basketball court, fitness center, laundry facilities, picnic areas and a dog park.

March 24, 2026

Acquisitions Industrial Midwest Ohio

Colliers Brokers Sale of 54,672 SF Industrial Facility in Marysville, Ohio

by Kristin Harlow March 24, 2026

MARYSVILLE, OHIO — Colliers has brokered the sale of a 54,672-square-foot industrial facility located at 14711 Industrial Parkway in Marysville near Columbus. Delivered in 2024, the property is fully leased to seven tenants averaging 7,810 square feet. The facility features clear heights ranging from 24 to 26 feet, six dock doors, eight drive-in doors and a 120-foot truck court. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel and Jonathan Schuen of Colliers represented the seller, Pioneer Development. The buyer was a local private investor.

March 24, 2026

Loans Midwest Multifamily Ohio Seniors Housing

Greystone Provides $46M Refinancing for Seniors Housing Portfolio in Ohio

by Kristin Harlow March 23, 2026

OHIO — Greystone has provided a $46 million bridge-to-HUD loan for the refinancing of a two-property seniors housing portfolio in Ohio. Christopher Clare, David Young, Ben Rubin, Ryan Harkins, Parker Nielsen and Liam Gallagher of Greystone originated the financing. The portfolio includes 118 skilled nursing units, 16 memory care units, 232 assisted living units and 10 independent living units. The bridge loan enables the borrower to refinance the properties and position the assets for long-term, HUD-insured permanent financing.

March 23, 2026

Acquisitions Industrial Midwest Minnesota

Terrace Group, Midloch Investment Partners Buy 270,022 SF Industrial Business Park Near Minneapolis

by Kristin Harlow March 23, 2026

FRIDLEY, MINN. — The Terrace Group has acquired River Tech Workplace in the Minneapolis suburb of Fridley. Midloch Investment Partners is the equity partner in the acquisition. The four-building flex industrial park totals 270,022 square feet and is situated on nearly 20 acres. Constructed in 1987, River Tech Workplace features a mix of spaces designed to accommodate tenants such as light industrial, service, technology and medical users. Bentley Smith of CBRE represented the undisclosed seller.

March 23, 2026

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