Wednesday, November 4, 2026
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AcquisitionsIllinoisMidwest

Colliers Arranges $70.6M Sale of Chicago Educational Facility

by Kristin Harlow

CHICAGO — Colliers has arranged the $70.6 million sale of a purpose-built educational facility at 161 W. 9th St. within Chicago’s Roosevelt Collection. The 102,000-square-foot property is fully occupied by the British International School of Chicago, South Loop, under a long-term absolute net lease. W. P. Carey acquired the property. Todd Noel, Mindy Korth, Kyle Campbell and David Burden of Colliers represented the seller, EPR Properties. Josh McGee, Austin Little, Christian Rahe and Jack Johnson of Colliers helped facilitate the transaction. Completed in 2015, the campus was designed to serve students from preschool through 12th grade and comprises a. three-story building.

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DevelopmentIndustrialMidwestOhio

CRG Breaks Ground on Two Industrial Buildings Totaling 911,040 SF Near Columbus

by Kristin Harlow

ETNA, OHIO — CRG has broken ground on two Class A industrial buildings totaling 911,040 square feet at The Cubes at Etna, a 305-acre master-planned industrial park in Etna, about 20 miles southeast of downtown Columbus. Spanning 750,120 square feet, Building B is fully leased to Omega Morgan, a specialized transportation, heavy rigging and machinery moving services company that already occupies Building D and is expanding its presence at the park. the second new property, Building C, measures 160,920 square feet and is being developed on a speculative basis. Both buildings are slated for completion in 2027, with Building C expected to deliver in the summer. Located near I-70, Buildings B and C are supported by a 15-year, 100 percent tax abatement. Building B will feature a clear height of 40 feet, 141 dock doors, four drive-in doors, 185-foot truck courts, 50-by-54-foot column spacing, 4,00-amp power service, 397 vehicle parking spaces and 219 trailer parking stalls. Building C will feature a clear height of 32 feet, 30 dock doors, two drive-in doors, a 185-foot truck court, 50-by-54-foot column spacing, 60-foot speed bay, 174 vehicle parking spaces and 63 trailer parking stalls. Both buildings are being developed in partnership with an …

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AcquisitionsIowaMidwestMultifamily

CBRE Brokers Sale of 540-Unit Multifamily Portfolio in Metro Des Moines

by Kristin Harlow

WAUKEE AND JOHNSTON, IOWA — CBRE has brokered the sale of a two-property multifamily portfolio totaling 540 units in the Des Moines suburbs of Waukee and Johnston. CBRE’s Cy Fox, Ray Hamilton and Clark Matthews represented the sellers, ARTISAN Capital Group and MLG Capital. The portfolio includes Alice Patricia Apartments in Waukee and Sterling Pointe Apartments in Johnston. Built between 2013 and 2020, the properties are located less than eight miles apart.

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LoansMidwestMultifamilySouth Dakota

Northmarq Provides $26.1M in Fannie Mae Financing for Foxmoor Apartments in Sioux Falls

by Kristin Harlow

SIOUX FALLS, S.D. — Northmarq has provided $26.1 million in Fannie Mae financing for Foxmoor Apartments, a 350-unit community in Sioux Falls. John Reed of Northmarq arranged the financing on behalf of the borrower, Samuelson Development. The fixed-rate loan features a 10-year term. The property consists of three four-story buildings with a mix of studio, one- and two-bedroom units averaging 748 square feet as well as 2,300 square feet of commercial space. Amenities include a 9,600-square-foot clubhouse with a theater, community room, indoor pool, fitness center and spa.  

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AcquisitionsLoansMidwestMultifamilyNebraska

Eastham Capital, Bender Cos. Acquire 204-Unit Multifamily Community in Omaha

by Kristin Harlow

OMAHA, NEB. — Eastham Capital and Bender Cos. have acquired Village at Grant Square Apartments, a 204-unit community in Omaha. South Florida-based Eastham utilized its fund, Eastham Capital Fund VII LP. To date, Eastham and Bender have co-invested in 16 projects. Village at Grant Square is currently 93 percent occupied and features average monthly rents of $1,025. The joint venture plans to make capital improvements, including renovations to select units, enhancements to the clubhouse and common areas, and targeted roof and exterior upgrades. Originally constructed in 1974, Village at Grant Square is an eight-building community with a mix of one- and two-bedroom floor plans averaging 946 square feet. Amenities include a pool, dog park, fitness center, business center, laundry facilities and detached garage parking. Anthony Martinez, Parker Stewart, Dominic Martinez and Alex Malzone of Northmarq brokered the $17.2 million sale of the property and represented the seller, a New York-based private investment group. Brett Hood of Northmarq originated $13.8 million in Fannie Mae DUS acquisition financing. The loan features a five-year term.

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AcquisitionsHospitalityMidwestMinnesota

Marcus & Millichap Brokers Sale of 164-Room Radisson RED Hotel in Minneapolis

by Kristin Harlow

MINNEAPOLIS — Marcus & Millichap has brokered the sale of Radisson RED, a 164-room hotel in the Mill District of Minneapolis. Joseph Ferguson, Jon Ruzicka, Reed Gizinski and Brock Banken of Marcus & Millichap represented the seller, Choice Hotels International Inc. Ferguson procured the buyer, Minneapolis Hotel Ventures. The property is located on 1.5 acres at 609 S. Third St., two blocks from U.S. Bank Stadium and 0.2 miles from the light rail station, providing direct access to the Minneapolis-St. Paul International Airport. Built in 2016 as the first Radisson RED in the United States, the hotel features OUI Bar + Kitchen, event space and a fitness center.

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Affordable HousingDevelopmentMidwestMultifamilyWisconsin

Kraus-Anderson Completes Conversion of Wisconsin Hotel into 146 Affordable Housing Units

by Kristin Harlow

WAUWATOSA, WIS. — Kraus-Anderson has completed Waterfair Apartments in the Wauwatosa Research Park District. Designed by Continuum Architects + Planners, the 124,072-square-foot renovation and adaptive reuse project converted an eight-story, 198-room hotel and convention space (Sonesta Hotel) into 146 affordable residences. The development is near Wauwatosa Milwaukee Regional Medical Center and the Milwaukee Regional Innovation Center. Amenities at the project include a community room, fitness center, media room, coffee lounge, conference and study rooms, a large patio and dedicated commercial office space. Samapa Development was the developer. Construction began in January 2026.

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AcquisitionsIndustrialMidwestOhio

CBRE Arranges $8M Sale of Flex Industrial Property in Southwest Ohio

by Kristin Harlow

WEST CHESTER, OHIO — CBRE has arranged the $8 million sale of Liberty Office Park, a 76,501-square-foot flex industrial property in West Chester. Boulder Properties LLC purchased the asset from Wang Brothers Investments LLC. CBRE’s Will Roberts, Steve Timmel and Beau Nimer represented the seller. At the time of sale, the property was fully occupied by five tenants with an average tenure of nearly 10 years. Built in 2007, the facility features eight docks, one drive-in door and a clear height of 19 feet.

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AcquisitionsIndustrialMidwestOhio

Colliers Negotiates Sales of Two Ohio Industrial Buildings Totaling 404,088 SF

by Kristin Harlow

CANAL WINCHESTER AND COMMERCIAL POINT, OHIO — Colliers has negotiated the sales of two Class A industrial facilities totaling 404,088 square feet in metro Columbus. The properties, located at 10013 Busey Road in Canal Winchester and 161 Kenmore Blvd. in Commercial Point, were both developed by Tenby Partners in 2023. Private investors acquired the assets in separate transactions. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel and Jonathan Schuen of Colliers represented Tenby in the sales. The building in Canal Winchester totals 209,656 square feet and features a clear height of 32 feet, 15 dock doors, three drive-in doors, 14,014 square feet of office space and 210 auto parking spaces across a 12-acre site. The facility is fully leased to three tenants operating in third-party logistics, healthcare and steel distribution. Rickenbacker Exchange at Commercial Point spans 194,432 square feet and features clear heights ranging from 32 to 34 feet, 18 dock doors, two drive-in doors and 192 auto parking spaces across a 15.3-acre site. The facility is fully leased to ServeOne America and Fasteners.

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AcquisitionsMidwestMissouriMultifamily

Northmarq Brokers Sale of 64-Unit, Historic Multifamily Property in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Northmarq has brokered the sale of The Robert Browning Apartments, a 64-unit property in Kansas City. Built in 1929 by Nelle E. Peters, one of the country’s first female architects and a prolific Kansas City designer, the building is part of the Poet’s District that Peters created on the west side of the Country Club Plaza. The community rises seven stories and totals 36,248 square feet. David Belpedio, Jeff Lamott and Casey Wilhm of Northmarq represented the seller, Bellada LLC. The buyer was Bird Enterprises LLC. The Plaza is undergoing a $1.5 billion transformation.

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