INDIANA — Amazon has unveiled plans to invest an estimated $15 billion in northern Indiana to build new data center campuses to support artificial intelligence (AI) and cloud computing technologies. The company says that generative AI is driving increased demand for advanced cloud infrastructure and compute power. The investment is in addition to the $11 billion investment announced last year in St. Joseph County and will expand Amazon’s infrastructure to new sites across Indiana. The new project will add 2.4 gigawatts of data center capacity in the region. The investment is expected to create more than 1,100 new high-skilled jobs while supporting thousands of other jobs in the data center supply chain. Amazon has partnered with NIPSCO to power its data centers. Through its newly created subsidiary NIPSCO Generation LLC, Amazon will pay fees to use existing power lines and cover the costs for any new power plants, power lines or equipment needed to serve the data center project without additional cost to local residents and businesses. These cloud computing and AI innovation campuses join Amazon’s operations footprint across Indiana that now includes 15 fulfillment and sortation centers, 11 delivery stations and data centers in New Carlisle, Ind. Since 2010, …
CHICAGO — Friedman Properties has completed five leases totaling 107,000 square feet at the Reid Murdoch Building in Chicago’s River North neighborhood. New tenant Smartly, an artificial intelligence-powered advertising technology company with offices around the world, signed a lease for 5,000 square feet of office space. Storck USA, which has maintained its offices in the building since 2002, expanded from 20,000 to 30,000 square feet. Headquartered in Berlin, Storck is a confectionary producer with brands including Werther’s Original, Mamba, Riesen, merci, Knoppers and Toffifay. The Motion Agency, an independently owned marketing agency, expanded from 20,000 to 25,000 square feet. The company’s headquarters have been located at the property since 2018. Theater of the Mind, an immersive theatrical experience presented as part of Goodman Theatre’s centennial 2025/2026 season, signed a 19,000-square-foot lease for ground-floor retail space. River Roast renewed its 28,000-square-foot restaurant lease. The eatery opened in 2014. Friedman Properties recently completed a renovation that included a new tenant lounge, café, audiovisual system, two conference rooms and a fitness center. Additional upgrades included the build-out of a 5,388-square-foot speculative office suite, refreshed common areas and a lobby transformation. Originally constructed in 1914, the Reid Murdoch Building long served as the office, …
CHICAGO — Greenstone Partners has arranged the $18.2 million sale of Block Belmont, a newly constructed multifamily property with 54 units in Chicago’s Belmont Cragin neighborhood. Jordan Multack of Greenstone represented the seller, a Chicago-based developer, and procured the buyer, a private, local 1031 exchange investor. Located at 6336-6360 W. Belmont Ave., the asset offers a mix of simplex and duplex layouts as well as onsite parking.
MONONA, WIS. — Mid-America Real Estate Corp. has negotiated the sale of Pier 37, a shopping center in Monona, a suburb of Madison. The 117,078-square-foot, grocery-anchored property features a freestanding Metro Market, one of the most popular grocery chains in Wisconsin by market share and number of locations. The center is also home to Staples, Woodcraft, Buffalo Wild Wings, Starbucks, Jimmy John’s and Verizon. Rick Drogosz and Patrick Corrigan of Mid-America represented the seller, United Properties. Galway Cos. Inc. was the buyer.
CHICAGO — Kiser Group has brokered the sale of a newly constructed, 24-unit luxury apartment building in Chicago’s Lincoln Park neighborhood for $13.2 million. Katie LeGrand and Jacob Price of Kiser represented the undisclosed seller. Completed in 2025, the five-story property primarily comprises two- and three-bedroom units. The asset features a rooftop amenity deck with a pickleball court, outdoor kitchen and sundeck.
KANSAS CITY, MO. — The Kansas City Aviation Department has selected Airside Innovation Missouri LLC, a joint venture between Kansas City natives Kyle Eiserer of Airside FBO and Erik Murray of Eastside Innovation, to develop the last 20 acres of available land at the Kansas City Downtown Airport – Wheeler Field. The $55 million development will include a new fixed base operation (FBO) led by Kansas City-based Apex Aero Center with a 15,000-square-foot terminal building and more than 150,000 square feet of new hangar, office and shop space designed to serve business, government and general aviation users. FBOs are often the first point of contact for visitors arriving by air. Known as Project Lima, the development was selected through a request for proposals process and received unanimous approval from the Kansas City Council in September. The developers executed a long-term lease on the property last month. The project will also include the expansion of Red Tail Academy, a Kansas City-based nonprofit focused on educating and mentoring underrepresented youth in aviation. The broader project team includes Crossroads Real Estate Group, WSKF Architects, TREKK Design Group, Bob D Campbell & Co., FSC Inc., LM2 Construction, McCownGordon Construction and AvAirPros. Completion is slated …
ARLINGTON HEIGHTS, ILL. — Marquette Cos. has purchased Orion Arlington Lakes, a 198-unit, garden-style multifamily property in the Chicago suburb of Arlington Heights. Immediate plans for the community include a rebranding to Avery at Arlington Lakes and the launch of value-add renovations for the amenities and units. Marquette Management will take over property management. Built in 1985, the property features eight buildings with one- and two-bedroom floor plans averaging 1,168 square feet. Marquette plans to build a new fitness center and implement upgrades to apartment interiors and amenities, which include a picnic area, dog park, landscaped grounds, garage parking and laundry facilities. LEM Capital was a capital partner in the acquisition.
LINCOLN, NEB. — Mid-America Real Estate Corp. has arranged the sale of East Park Plaza, a 214,029-square-foot shopping center in Lincoln. Anchored by Russ’s Market, the property is also home to Marcus Theatres and Famous Footwear. Rick Drogosz and Patrick Corrigan of Mid-America represented the seller, Starwood Property Trust. Broad Reach Retail Partners was the buyer.
LISLE, ILL. — Pure Processing, a developer and manufacturer of ergonomic medical device cleaning solutions, has signed a 29,313-square-foot headquarters lease at 2200 Ogden Ave. in Lisle. The move triples the company’s footprint from its previous location in Carol Stream and consolidates its office, light manufacturing, warehouse and showroom operations under one roof. Pure Processing now occupies more than half of the 59,971-square-foot flex industrial building. Steve Chrastka, Jack Brennan and Connor Dale of NAI Hiffman represented the tenant in the lease transaction, which began with planning and site selection in August 2024 and culminated in the firm’s move on Sept. 2. Pete Adamo of CBRE represented the landlord, Sperry Equities. The space at 2200 Ogden Ave. had more than 9,000 square feet of existing office space. The owner completed a turnkey build-out that included rebuilding and expanding office areas; enlarging breakrooms; and adding conference rooms, restrooms and warehouse space with storage racks and separate production and assembly areas. Construction also included a showroom where Pure Processing can display its sink systems and reprocessing equipment used in hospitals and gastrointestinal labs. Interwork Architects served as the project architect for the build-out, and BLC Construction was the general contractor.
CHICAGO — Friend Health, a federally qualified health center (FQHC) serving Chicago’s South Side, has opened its new Back of the Yards community health center. The opening represents the largest expansion in Friend Health’s nearly three decades of service. Located in the Oppenheimer-Goldblatt Bros. Department Store Building at 4700 S. Ashland Ave., the 15,000-square-foot facility is part of the New City United Yards development. The center has triple the footprint of Friend Health’s former neighborhood site and offers primary care and preventive care. Offerings include adult and pediatric primary care, maternal health and mental health, an onsite pharmacy with discounted prescriptions and a full-service laboratory. The clinic features 21 exam rooms with dedicated spaces for pediatrics, adult medicine, OB-GYN and behavioral health, along with community programming such as insurance enrollment, social services navigation, fresh food giveaways and workforce development through a community health worker training program. Dental care is planned for 2026. Friend Health serves more than 40,000 patients annually across the South Side, with six neighborhood health centers and six HRDI behavioral health clinics. The organization offers care regardless of ability to pay.
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