Monday, February 16, 2026
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AcquisitionsIndianaIndustrialMidwestOhio

Ambrose Acquires Four Midwest Industrial Assets Totaling 1 MSF for $102M

by Kristin Harlow

INDIANA AND OHIO — Ambrose has acquired four industrial assets in Indiana and Ohio totaling more than 1 million square feet for just over $102 million. Artemis Real Estate Partners sold three of the facilities. An Italian and specialty foods distributor was the seller of the fourth property. The assets include 2588 Jannetides Blvd., a 512,000-square-foot facility located directly along I-70 in Greenfield, Ind., within the East submarket of Indianapolis. The property is partially occupied by Wesco with 287,500 square feet available to lease in July. The building features a clear height of 32 feet and a 27.5-acre industrial outdoor storage yard. Situated within the River Ridge Commerce Center in Jeffersonville, Ind., 200 Trey St. is a 256,500-square-foot, rear-load distribution facility. The site benefits from an on-campus rail yard operated by OmniTRAX, proximity to I-65 and convenient connectivity to the Port of Indiana-Jeffersonville and the UPS WorldPort. Niagara Bottling fully occupies the building. A 201,600-square-foot building at 6770 Shook Road in Lockbourne, Ohio, features a clear height of 32 feet and a 1.6-acre lot for trailer/van parking. Kroger and Component Hardware fully lease the property. In Whitestown, Ind., 5000 Anson Blvd. is a 151,306-square-foot cold storage building that features temperature-controlled …

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DevelopmentIndustrialKansasMidwest

J.M. Smucker Co. to Invest $20.5M for Manufacturing Facility Expansion in Topeka, Kansas

by Kristin Harlow

TOPEKA, KAN. — The J.M. Smucker Co. and its subsidiary Big Heart Pet Brands Inc. are making a $20.5 million investment in Topeka through an expansion of its manufacturing facility. The project includes a capital investment of $17.8 million in real property and $2.7 million in equipment. To accelerate the growth, the Joint Economic Development Organization board of Topeka and Shawnee County has approved economic development incentives totaling $383,000. Reser’s Fine Foods also recently announced a $34 million expansion in Topeka.

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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Brokers $14M Sale of Chicago Apartment Building

by Kristin Harlow

CHICAGO — Interra Realty has brokered the $14 million sale of a 50-unit apartment building in Chicago’s Lakeview neighborhood. Joe Smazal of Interra represented the buyer, JAB Real Estate, and the confidential seller. The transaction marks the first time the asset has traded hands in 20 years. Built in 1927, the courtyard building features 13 studio, 24 one-bedroom, one three-bedroom and six four-bedroom floor plans. Recent renovations to some units include hardwood flooring, updated bathrooms and new kitchens. Residents have access to an onsite fitness center.

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Leasing ActivityMidwestMissouriOffice

Paris Brothers to Open New Headquarters in Kansas City’s Power & Light District

by Kristin Harlow

KANSAS CITY, MO. — Paris Brothers, a Kansas City-based global food and beverage company, has finalized a new seven-year lease for a headquarters office in Kansas City’s Power & Light District. The company will relocate its corporate team to a 16,000-square-foot space at 13th Street and Baltimore Avenue. Paris Brothers is best known as the parent company of Parisi Coffee. The new space will enable the company to better host partners and develop new products, according to a release. Paris Brothers expects to open the new office in advance of the World Cup, of which Kansas City is one of the host cities.

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DevelopmentIllinoisIndustrialMidwest

Brennan Investment Group to Build 140,340 SF Food Processing Facility for Tovala in Winfield, Illinois

by Kristin Harlow

WINFIELD, ILL. — Brennan Investment Group has signed a long-term lease with Tovala for a new 140,340-square-foot food processing facility in Winfield. Construction on the build-to-suit project is scheduled to commence in March. Completion is slated for the second quarter of 2027. The project represents Brennan’s fourth build-to-suit development in the food service sector. Founded in 2015, Tovala is a meal delivery service. Tod Greenwood, Jack Brennan and Larry DiVito represented Brennan on an internal basis. Jonathan Kohn of Colliers represented Tovala.   

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DevelopmentMidwestMultifamilyOhioSeniors Housing

Evergreen Real Estate Group Breaks Ground on 120-Unit Affordable Assisted Living Community in Ohio

by Kristin Harlow

HOLLAND, OHIO — Evergreen Real Estate Group has broken ground on Green Oaks of Holland, a four-story, 120-unit affordable assisted living community in Holland near Toledo. Site work is underway, with completion and opening anticipated in March 2027. Located at 6650 N. Mall Drive, Green Oaks of Holland will feature 67 studio and 53 one-bedroom apartments. Assisted living provider Gardant Management Solutions will manage the property, which will be licensed as a residential care facility by the Ohio Department of Health (ODH) and approved as a Medicaid-assisted living service provider through the Ohio Department of Aging (ODA). The project is one of the first purpose-built affordable assisted living developments to break ground in Ohio, according to Evergreen, and is being completed in partnership with Ohio Housing Finance Agency (OHFA), Ohio Department of Medicaid, ODA and ODH. Each unit will offer a kitchenette with a sink, refrigerator and microwave, with the flexibility to be upgraded to a full kitchen if needed. Units will also include a full private bathroom with a shower and grab bars, living and/or bedroom space, individual heating and air conditioning and an emergency alert system. Amenities will include a large dining room with a commercial kitchen providing …

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AcquisitionsIndustrialMidwestMinnesota

Brisky Net Lease Arranges $10.3M Sale-Leaseback of Minnesota Industrial Property

by Kristin Harlow

GOLDEN VALLEY, MINN. — Brisky Net Lease has arranged the $10.3 million sale-leaseback of a single-tenant industrial property occupied by Process Displays in Golden Valley. Brian Brisky represented the buyer, while Jordan Greenberg of SpaceNet Equities LLC represented the seller. The user has a new 15-year absolute triple net lease with zero landlord responsibilities and annual rent increases. The property is situated within a well-established industrial park.  

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AcquisitionsMidwestMissouriRetail

Block & Co. Brokers Sale of 9,500 SF Retail Strip Center in Belton, Missouri

by Kristin Harlow

BELTON, MO. — Block & Co. Inc. Realtors has brokered the sale of Belton Center, a 9,500-square-foot retail strip center in Belton. Block & Co. principals played a key role in the property’s original development in 2002 and have served as the ownership and property management company since its completion. The seller was the original owner of the center, and this transaction marks the first sale of the fully leased property since it was built. Block & Co. will continue to provide leasing and property management services for the new ownership. David Block, Zachary Albrecht and Grant Summers of Block & Co. represented the seller. The buyer was an out-of-state investor.

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AcquisitionsIllinoisMidwestMultifamily

Greystone Provides Financing for $110M Multifamily Acquisition in Suburban Chicago

by Kristin Harlow

CREST HILL, ILL. — Greystone has provided an $89.2 million first loan and a $5.6 million second loan to finance the acquisition of Woodlands of Crest Hill, a 730-unit multifamily property in Crest Hill. Eric Rosenstock of Greystone originated the loan on behalf of the buyer, Bayshore Properties. The financing includes an $89.2 million nonrecourse, fixed-rate Fannie Mae loan with a 10-year term and 30-year amortization as well as five years of interest-only payments. The second is a nonrecourse, fixed-rate DUS Lender Affiliate mezzanine loan with a 10-year term and full-term interest-only payments. Built in 1969, the property features studio, one- and two-bedroom units along with a clubhouse, fitness center, business center, pool and outdoor volleyball courts. The sales price is about 16 percent more than what Osso Capital paid for the complex in 2023, according to Crain’s Chicago Business.

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AcquisitionsMidwestMissouriMultifamily

LouMin Holdings Buys 57-Unit Townhome Community in St. Charles, Missouri

by Kristin Harlow

ST. CHARLES, MO. — LouMin Holdings has acquired Springwell Village, a 57-unit single-family and townhome rental community in the St. Louis suburb of St. Charles. Springwell Village features two- and three-bedroom floor plans. Select homes include basements and there is a combination of attached and detached garages. Amenities include a walking trail, covered community pavilion with barbecue area and pet-friendly outdoor spaces. Capital Eleven Management will assume day-to-day operations.

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