Midwest Archives - REBusinessOnline

JLL, GA Group Broker $75M Sale-Leaseback of Family Dollar-Occupied Retail Portfolio Across 19 States

Kristin Harlow — Tue, 30 Jun 2026 13:20:49 +0000

CHICAGO — Chicago-based JLL Capital Markets and GA Group Real Estate have brokered the $75 million sale-leaseback of a 46-property Family Dollar retail portfolio across 19 states. JLL’s net lease team and GA Group represented the seller, FD Retail Properties LLC. An institutional real estate investor was the buyer. According to JLL, the transaction demonstrates strong investor appetite for strategically located discount retail assets backed by established national operators, particularly when coupled with geographic diversification that mitigates single-market risk.

The post JLL, GA Group Broker $75M Sale-Leaseback of Family Dollar-Occupied Retail Portfolio Across 19 States appeared first on REBusinessOnline.

Prime Beverage Group to Occupy 915,720 SF Industrial Facility in Metro Indianapolis

Kristin Harlow — Tue, 30 Jun 2026 13:19:31 +0000

FAIRLAND, IND. — Prime Beverage Group, a beverage contract manufacturer, has expanded into the Indianapolis market. The company has secured approvals to establish a beverage production facility in Fairland, a southeast suburb of Indianapolis. The property is part of Velocity 74 Trade Center, an industrial development from Browning Real Estate Partners. The tenant also maintains production and warehousing operations in North Carolina. According to Prime, the new Midwest location will provide improved supply chain efficiency, faster turnaround times and greater accessibility for its brand partners in Midwest markets. The Indiana facility totals 915,720 square feet. Warren Snowdon of Foundry Commercial and Brian Zurawski of Colliers represented Prime. Jimmy Cohoat and Jason Speckman of Colliers represented Browning.

The post Prime Beverage Group to Occupy 915,720 SF Industrial Facility in Metro Indianapolis appeared first on REBusinessOnline.

Missner Group, Thackeray Partners Complete 180,000 SF Industrial Project in Chicago

Kristin Harlow — Tue, 30 Jun 2026 13:18:14 +0000

CHICAGO — The Missner Group, in partnership with Thackeray Partners, has completed a 180,000-square-foot industrial development at 4002 S. Princeton Ave. in Chicago’s Fuller Park neighborhood. Located within Chicago Stockyards Industrial Park, the project marks Missner’s third in the historic industrial district. The speculative facility can accommodate up to four tenants. Larry Goldwasser of CBRE is handling leasing.

The post Missner Group, Thackeray Partners Complete 180,000 SF Industrial Project in Chicago appeared first on REBusinessOnline.

Gart Properties Acquires 158,000 SF Shopping Center in Kansas City

Kristin Harlow — Tue, 30 Jun 2026 13:17:49 +0000

KANSAS CITY, MO. — Gart Properties has acquired Village at Burlington Creek, a 158,000-square-foot, grocery-anchored shopping center in Kansas City’s Northland corridor. Situated less than 10 miles from downtown with direct access to I-29, Village at Burlington Creek is home to Sprouts Farmers Market, Orangetheory Fitness, Club Pilates, Caribou Coffee, Taco Bell and a variety of daily needs businesses. The acquisition marks Gart’s first outside of Colorado. Chris Robertson of Newmark Zimmer represented Gart. PNC financed the transaction.

The post Gart Properties Acquires 158,000 SF Shopping Center in Kansas City appeared first on REBusinessOnline.

Scannell Breaks Ground on 1.2 MSF Spec Industrial Building Near Columbus, Ohio

Kristin Harlow — Mon, 29 Jun 2026 13:50:52 +0000

COMMERCIAL POINT, OHIO — Scannell Properties has broken ground on the first phase of a logistics park in Commercial Point, a southern suburb of Columbus. The 1.2 million-square-foot speculative building will feature a clear height of 40 feet, 60 dock doors and four drive-in doors. The development marks Scannell’s ninth in the central Ohio region. Completion is slated for April 2027. Joel Yakovac of Colliers is handling leasing.

The post Scannell Breaks Ground on 1.2 MSF Spec Industrial Building Near Columbus, Ohio appeared first on REBusinessOnline.

SRS Real Estate Brokers $39.1M Sale of Office Property Leased to University of Wisconsin Health

Kristin Harlow — Mon, 29 Jun 2026 13:50:25 +0000

MIDDLETON, WIS. — SRS Real Estate Partners has brokered the $39.1 million sale of a four-story, 197,860-square-foot office property in Middleton. A tenant since 2008, University of Wisconsin Health Administrative Services occupies the entire property and recently signed a new 20-year lease. John Redfield and John Battle of Lee & Associates represented the seller, a California-based private owner. The buyer was ASG Equities.

The post SRS Real Estate Brokers $39.1M Sale of Office Property Leased to University of Wisconsin Health appeared first on REBusinessOnline.

Marcus & Millichap Arranges $5.3M Sale of Retail Property in Sun Prairie, Wisconsin

Kristin Harlow — Mon, 29 Jun 2026 13:49:37 +0000

SUN PRAIRIE, WIS. — Marcus & Millichap has brokered the $5.3 million sale of a net-leased childcare facility occupied by Willowbrae Academy in Sun Prairie. The newly built property totals 11,790 square feet. There are more than 14 years remaining on the lease. Dominic Sulo and Todd Lindblom of Marcus & Millichap represented the seller, a Chicago-based developer. Sulo and Sam Malato procured the locally based 1031 exchange buyer.

The post Marcus & Millichap Arranges $5.3M Sale of Retail Property in Sun Prairie, Wisconsin appeared first on REBusinessOnline.

Woodhouse Spa to Open 6,840 SF Location at Northridge Plaza in Olathe, Kansas

Kristin Harlow — Mon, 29 Jun 2026 13:48:51 +0000

OLATHE, KAN. — Woodhouse Spa is set to open a new location at Northridge Plaza in Olathe. The day spa will occupy a 6,840-square-foot standalone building within the center for its second location in the Kansas City market. Northridge Plaza is home to Dick’s Sporting Goods, Aldi, Ross Dress for Less, U.S. Bank, Panera Bread, Chipotle and Hallmark Gold Crown. A local husband-and-wife franchise team will own and operate the Olathe Woodhouse Spa location. The spa is expected to open in September. Chad LaSala of NAI Heartland represented the tenant in the lease. Erin Johnston of Copaken Brooks represented the landlord on an internal basis.

The post Woodhouse Spa to Open 6,840 SF Location at Northridge Plaza in Olathe, Kansas appeared first on REBusinessOnline.

KeyBank Provides $56M in Construction Financing for Ohio Affordable Seniors Housing Project

Kristin Harlow — Fri, 26 Jun 2026 13:05:25 +0000

GALLOWAY, OHIO — KeyBank Community Development Lending and Investment (CDLI) has provided a $16.5 million taxable construction loan, a $9.4 million federal Low Income Housing Tax Credit (LIHTC) equity investment and an $8.2 million state LIHTC investment for the construction of Clover Glen II in Galloway near Columbus. National Church Residences is developing the 96-unit affordable housing project for seniors age 55 and older. KeyBank Commercial Mortgage Group also provided a Freddie TEL permanent loan of $8.2 million. KeyBanc Capital Markets served as bond underwriter and underwrote $13.8 million in tax-exempt bonds for the project. Clover Glen II will feature 15 units restricted to residents earning up to 50 percent of the area median income (AMI), 76 units restricted to 60 percent AMI and five units for 70 percent AMI. Amenities at the four-story property will include a clubhouse, fitness center, central laundry, onsite management, surface parking and picnic areas. David Lacki and Ryan Olman of KeyBank CDLI structured the financing, while Sam Adams and Alex Steckler of KeyBanc Capital Markets underwrote the bonds. In October 2022, CDLI, through an investment with Ohio Capital Corp. for Housings, closed the Clover Glen I transaction.

The post KeyBank Provides $56M in Construction Financing for Ohio Affordable Seniors Housing Project appeared first on REBusinessOnline.

JLL Brokers Sale of 826,687 SF Industrial Portfolio in Suburban Indianapolis

Kristin Harlow — Fri, 26 Jun 2026 13:04:47 +0000

BROWNSBURG, IND. — JLL Capital Markets has brokered the sale of Park 74 Commerce Center, a two-building industrial portfolio totaling 826,687 square feet in Brownsburg within metro Indianapolis. The portfolio includes a 580,884-square-foot cross-dock facility and a 245,803-square-foot rear-load building, both constructed in 2024. Building features include clear heights of 40 and 32 feet, 84 dock doors, ample trailer parking and connectivity to the CSX railway via an active rail spur. The properties are fully leased to three tenants representing abrasives manufacturing, electric motors and flexible film production. The assets provide immediate access to I-74 via Ronald Reagan Parkway. Sean Devaney, Kurt Sarbaugh, Ed Halaburt, Ross Bratcher, Cameron Chandra and Luke Davis of JLL represented the sellers, Brennan Investment Group and RGA ReCap Inc., on behalf of Reinsurance Group of America Inc. Brian Buschuk and Brian Seitz provided local market expertise out of JLL’s Indianapolis office. Buyer information was not provided.

The post JLL Brokers Sale of 826,687 SF Industrial Portfolio in Suburban Indianapolis appeared first on REBusinessOnline.

Associated Bank Originates $17.7M Acquisition Loan for Townhome Community in Metro Des Moines

Kristin Harlow — Fri, 26 Jun 2026 13:03:57 +0000

URBANDALE, IOWA — Associated Bank has originated a $17.7 million loan for Tricap Investments for the phased acquisition of the Townhomes at Magnolia Heights in Urbandale, a suburb of Des Moines. The 105 two-story townhome rental units are adjacent to the 240 for-sale, single-family and townhome community of Magnolia Heights. Elizabeth Hozian of Associated Bank managed the loan arrangements and closing. Tricap Investments focuses on the acquisition of low-density multifamily housing in suburban markets.

The post Associated Bank Originates $17.7M Acquisition Loan for Townhome Community in Metro Des Moines appeared first on REBusinessOnline.

Marcus & Millichap Arranges $6.6M Sale of Chicago Apartment Building

Kristin Harlow — Fri, 26 Jun 2026 13:03:04 +0000

CHICAGO — Marcus & Millichap has arranged the $6.6 million sale of a multifamily and retail property located at 935-937 W. Armitage Ave. in Chicago’s Lincoln Park neighborhood. The asset features eight multifamily units and a retail space occupied by Wintrust Bank. The multifamily component includes a mix of one-, two- and three-bedroom units across 9,745 rentable square feet. Kyle Stengle of Marcus & Millichap represented the seller, 935 W. Armitage (Chicago) LLC, and procured the buyer, 935 Armitage LLC.

The post Marcus & Millichap Arranges $6.6M Sale of Chicago Apartment Building appeared first on REBusinessOnline.

Why Midwest Stability Continues to Attract Commercial Real Estate Investors

Jaime Lackey — Thu, 25 Jun 2026 15:47:54 +0000

For much of the past several years, commercial real estate investors have navigated a market defined by uncertainty. Interest rate volatility, inflation concerns, geopolitical tensions and shifting workplace trends have all contributed to an environment where predicting the next move can feel increasingly difficult. Against that backdrop, the Midwest continues to stand out for a different reason: stability. Across many Midwest markets, commercial real estate fundamentals have remained relatively balanced compared with other regions of the country. While some markets have experienced dramatic swings in pricing, development activity and occupancy levels, much of the Midwest has maintained a steadier trajectory. That consistency allows investors and operators to focus on executing long-term business plans rather than constantly reacting to market volatility. Stability Remains the Midwest’s Competitive Advantage One of the region’s greatest strengths is the balance between supply and demand. Unlike certain Sun Belt markets that have experienced significant waves of new development, many Midwest metros have avoided substantial oversupply. As a result, property owners have been able to continue implementing value-add strategies, improving operations and generating steady rent growth. Commercial real estate success is rarely built overnight. In many Midwest markets, returns are generated through disciplined management, operational efficiencies and…

The post Why Midwest Stability Continues to Attract Commercial Real Estate Investors appeared first on REBusinessOnline.

AmTrustRE Secures Six Leases Totaling 95,000 SF at Chicago’s One East Wacker Office Tower

Kristin Harlow — Thu, 25 Jun 2026 13:07:46 +0000

CHICAGO — Owner AmTrustRE has secured six leases and expansions totaling nearly 95,000 square feet at One East Wacker, a 41-story office tower overlooking Chicago’s Riverwalk and River North. The transactions include three new tenants and three renewals spanning both office and retail floors. O’Hagan Meyer Law Firm has expanded its footprint to 46,192 square feet across the 32nd, 34th and 35th floors. John Goodman, Isabel Schwartz and Eric Feinberg of Savills represented the tenant. Shore Capital Partners, a private equity firm, has renewed and grown its presence to occupy 14,475 square feet on the 24th floor. Brad Serot of CBRE represented the tenant. Atwell, an engineering and construction consulting firm, will relocate within the building to a 7,813-square-foot space on the 19th floor. Janessa Biller and Sarah Silva of JLL represented the tenant. AmTrust North America Inc., a global property and liability insurer, has signed a full floorplate lease for 14,946 square feet on the 21st floor. The tenant was unrepresented in the lease. Ashling Partners LLC, a technology and professional services firm, has joined the tower, occupy 5,627 square feet on the 16th floor. Jeff Skender and Jack Tunnicliff of Cushman & Wakefield represented the tenant. Rounding out…

The post AmTrustRE Secures Six Leases Totaling 95,000 SF at Chicago’s One East Wacker Office Tower appeared first on REBusinessOnline.

HDA, ISC Contracting Complete Renovation of St. Louis Jewish Community Center’s Marilyn Fox Building

Kristin Harlow — Thu, 25 Jun 2026 13:06:53 +0000

CHESTERFIELD, MO. — Architect HDA and ISC Contracting have completed a comprehensive renovation of the St. Louis Jewish Community Center’s Marilyn Fox Building in Chesterfield. The 87,930-square-foot renovation project reimagined the longstanding community hub with expanded amenities, modernized spaces and enhanced accessibility. Originally constructed in 1996 with a minor renovation in 2008, the Marilyn Fox Building has long served as a place for community recreation in West St. Louis County. HDA partnered with the St. Louis Jewish Community Center to breathe new life into the facility. The project included the addition of a new Adult Day Center with capacity for 36 participants as well as new locker rooms, a redesigned lobby and gathering space and upgraded infrastructure systems. Additional improvements included renovations to the gymnasium, fitness center and Early Childhood Center along with expanded kitchen facilities, dedicated pickleball courts, upgraded security and communications systems and exterior enhancements. Construction began in April 2024. The facility remained operational throughout the construction process. ODA Studio served as the interior designer.

The post HDA, ISC Contracting Complete Renovation of St. Louis Jewish Community Center’s Marilyn Fox Building appeared first on REBusinessOnline.

Bernard Financial Group Arranges $7M Loan for Refinancing of Michigan Multifamily Property

Kristin Harlow — Thu, 25 Jun 2026 13:06:02 +0000

TAYLOR, MICH. — Bernard Financial Group has arranged a $7 million permanent loan for the refinancing of a 236-unit multifamily property in Taylor, about 16 miles southwest of downtown Detroit. Joshua Bernard arranged the loan through a life insurance company on behalf of the borrower, Taylor Park Apartments LP.

The post Bernard Financial Group Arranges $7M Loan for Refinancing of Michigan Multifamily Property appeared first on REBusinessOnline.

Cawley CRE Brokers Sale of 27,500 SF Maintenance Facility in Romeoville, Illinois

Kristin Harlow — Thu, 25 Jun 2026 13:05:27 +0000

ROMEOVILLE, ILL. — Cawley Commercial Real Estate has brokered the sale of a newly constructed maintenance facility located at 1385 Joliet Road in Romeoville. Matt Garland of Cawley represented the buyer and seller and played a role in every state of the property’s evolution, from the original land sale through the disposition. Several years ago, Garland brokered the sale of the 4-acre parcel to KAB Properties. Upon completion of the development, KAB returned to Garland to market the asset for sale. Garland sourced the buyer, MW Express, a trailer repair and maintenance specialist that will use the facility to support its continued expansion in the Chicago market. Colleagues Andrew Maletich and Houston Brooke supported Garland throughout the transaction. Jandra Zitkevicius of Brick-by-Brick Realty provided additional representation for the seller. Completed in fourth-quarter 2025, the 27,500-square-foot property includes 19,950 square feet of warehouse space and 7,550 square feet of office space. It offers immediate access to I-55 and I-355.

The post Cawley CRE Brokers Sale of 27,500 SF Maintenance Facility in Romeoville, Illinois appeared first on REBusinessOnline.

Southeastern Wisconsin Industrial Market Finds its Footing in 2026

Kristin Harlow — Thu, 25 Jun 2026 12:30:00 +0000

By Jim Larkin, Kyle Fink and Dylan Brown, Colliers After several years of outsized growth, southeastern Wisconsin’s industrial market entered a more balanced phase to begin 2026. While headline metrics such as vacancy and absorption have shifted from their pandemic-era peaks, the underlying fundamentals remain intact. Based on what we are experiencing across active deals and client conversations, this is less of a slowdown and more of a recalibration, one that ultimately supports long-term stability across the region. After many years on an unprecedented pace, the market is settling down into a more disciplined environment where decisions are more thoughtful, and fundamentals are driving activity again. From our perspective, that’s a positive shift that positions southeastern Wisconsin for long-term stability. Year-end 2025 data points to a market that is adjusting, not retreating. Vacancy rates increased modestly, rising to approximately 7.8 percent across southeastern Wisconsin. At first glance, that shift may appear significant given how tight conditions had become. This shift is largely driven by new big box supply entering the market rather than weakening demand. With more than 3 million square feet delivered in 2025 — most started during peak market conditions — an increase in vacancy is a natural…

The post Southeastern Wisconsin Industrial Market Finds its Footing in 2026 appeared first on REBusinessOnline.

Michigan Strategic Fund Approves $270.7M Plan for Redevelopment of Former Lakeside Mall

Kristin Harlow — Wed, 24 Jun 2026 14:33:13 +0000

STERLING HEIGHTS, MICH. — Gov. Gretchen Whitmer and the Michigan Strategic Fund Board have approved a $270.7 million Transformational Brownfield Plan (TBP) to support the redevelopment of the former Lakeside Mall site in Sterling Heights. The proposed plan includes roughly 1,545 residential units across nine multifamily buildings ranging in size from four to five stories, including a building targeted at residents over 55 years of age. Additionally, the project will add 154,007 square feet of new retail space, a central community park and green space and a mix of parking lots and street parking for residents and visitors. When complete, the project is estimated to result in $621 million in total capital investment. Aside from participating in tax revenue capture to support the redevelopment plan, the City of Sterling Heights intends to proceed with a bond issuance of approximately $27.6 million to assist in the cost of the infrastructure. The total TBP incentive package will be reimbursed over 30 years. The developer, Lakeside OOTB Ventures LLC, is a subsidiary of Lionheart Capital. Lakeside Mall closed in July 2024.

The post Michigan Strategic Fund Approves $270.7M Plan for Redevelopment of Former Lakeside Mall appeared first on REBusinessOnline.

BWE Arranges $37M Bridge Loan for Apartment Building in Kalamazoo, Michigan

Kristin Harlow — Wed, 24 Jun 2026 14:32:39 +0000

KALAMAZOO, MICH. — BWE has arranged a $37 million bridge loan for The Exchange, a 15-story apartment building in Kalamazoo. BWE’s Chris Carroll, Cathy Bronkema and Max Miller originated the financing from a debt fund on behalf of the borrower, a local commercial and residential property developer. Delivered in December 2020, The Exchange features ground-floor retail space, structured parking and luxury apartment units. Amenities include a roof deck, outdoor patio, fitness center, clubroom, package handling room and bike storage.

The post BWE Arranges $37M Bridge Loan for Apartment Building in Kalamazoo, Michigan appeared first on REBusinessOnline.