Tuesday, July 7, 2026
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AcquisitionsIllinoisIndustrialMidwest

Missner Group Purchases 58,236 SF Industrial Building in Aurora, Illinois

by Kristin Harlow

AURORA, ILL. — The Missner Group has acquired 657 Wolverine Drive, a 58,236-square-foot industrial building in Aurora. Located on 5.5 acres, the multi-tenant property features a clear height of 18 feet, multiple drive-in doors and loading docks, heavy power and ample parking. Built in 1997, the asset also offers outside storage. Missner plans to implement a targeted value-add program, including tenant build-outs, renovation of existing office space and structural improvements. Two units are currently available for lease, representing a total of 25,267 square feet. Steve Connolly and Mark Moran of NAI Hiffman represented the undisclosed seller, while Andrew Maletich of Cawley CRE represented the buyer. Maletich and colleague Matt Garland have been retained as the leasing brokers.

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IllinoisLoansMidwestMultifamily

Walker & Dunlop Provides $60M in Financing for Multifamily Community in Wilmette, Illinois

by Kristin Harlow

WILMETTE, ILL. — Walker & Dunlop has provided nearly $60 million in construction take-out financing for Optima Verdana, a luxury multifamily community in Wilmette developed by Optima. Dave Hendrickson, Pat Modig, Jonathan Paine, Mo Beler, Will Crittenberger and Philippe LaPointe of Walker & Dunlop originated the Freddie Mac loan, which features a fixed interest rate and interest-only payments. Completed in 2023, Optima Verdana features 100 apartment units and 5,900 square feet of retail space. Residences average 1,499 square feet.

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DevelopmentIllinoisMidwestRetail

Nicholas & Associates, Wingspan Open Retail Stores at The VUE Mixed-Use Project in Metro Chicago

by Kristin Harlow

ELK GROVE VILLAGE, ILL. — Nicholas & Associates and Wingspan Development Group of the Nicholas Family of Cos. have opened the initial commercial phase of The VUE, a 10-acre mixed-use development in Elk Grove Village. The retail spaces are home to Tensuke Market and Food Court, 7 Mile Cycles, Jarosch Bakery and Vini’s Pizza. Plans for The VUE include a 271-unit apartment community, 16 rental townhomes, a multi-story clubhouse with a pool and other amenities for residents and 52,000 square feet of retail space. A newly constructed and nearly completed pedestrian overpass will connect the development with the 3,500-acre Ned Brown Forest Preserve.

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IllinoisLeasing ActivityMidwestOffice

Claire’s to Relocate Headquarters, Signs 43,200 SF Lease in Rosemont, Illinois

by Kristin Harlow

ROSEMONT, ILL. — Claire’s Holdings LLC, a global accessories retailer and portfolio company of Ames Watson, has signed a 43,200-square-foot office headquarters lease at Columbia Centre III in the Chicago suburb of Rosemont. Claire’s will relocate its headquarters from Hoffman Estates, Ill., with the new space expected to open in early 2027. John Clark and Sean Moran of Newmark and Spence Mehl of RCS Real Estate Advisors represented the tenant. Joe Stevens and Steve Degodny of Transwestern represented the undisclosed landlord. Located at 9295 W. Bryn Mawr Ave., Columbia Centre III is a nine-story office building totaling 238,696 square feet. Amenities include a fitness center, onsite dining and covered parking.

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AcquisitionsIllinoisIndustrialMidwest

Venture One Acquires 122,601 SF Industrial Building in Waukegan, Illinois

by Kristin Harlow

WAUKEGAN, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has acquired a 122,601-square-foot industrial building located at 3210 Oak Grove Ave. in Waukegan. The multi-tenant property was 66 percent leased at the time of sale. Constructed in 2006, the precast building is demised into three units. It features a clear height of 30 feet, 12 exterior docks, three drive-in doors, an ESFR sprinkler system and parking for more than 125 cars. The available unit is 41,838 square feet, including approximately 2,839 square feet of office space. Venture One plans to complete several improvements to the vacant unit, including office renovations, warehouse lighting and renovations to the bathroom and breakroom. Joe Horrigan, Zach Graham and Ryan Bain of CBRE represented the undisclosed seller. Whit Heitman and Jack Fitzpatrick of CBRE will market the property for lease. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.

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AcquisitionsHospitalityIllinoisMidwest

SVN Chicago Commercial Brokers $17.1M Sale of Hilton Garden Inn Hotel in Mattoon, Illinois

by Kristin Harlow

MATTOON, ILL. — SVN Chicago Commercial has brokered the $17.1 million sale of the 102-room Hilton Garden Inn Mattoon. Constructed in 2022, the property is located at 100 Coles Centre Parkway and features Hilton’s new branded layout. Derek Gonsch of SVN Chicago represented the undisclosed seller. Lekhraj Ahuja, a local investor and experienced hotel operator, was the buyer.

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DevelopmentIllinoisIndustrialMidwest

Opus Completes 52,172 SF Build-to-Suit Facility for Elgin Recycling in Gilberts, Illinois

by Kristin Harlow

GILBERTS, ILL. — Opus has completed construction on a 52,174-square-foot build-to-suit facility for Elgin Recycling at 58 Center Drive in Gilberts, a far northwest suburb of Chicago. Situated in the Turnberry Lakes Business Park, the facility is blocks away from Elgin Recycling’s headquarters and serves as one of its four Chicago-area recycling scrap yards. Elgin Recycling is a family-owned operation that processes ferrous and non-ferrous metals, exotic alloys and electronics. The new Gilberts location processes recycled electronics from public drop-off facilities, breaking them down into components that are transported to downstream recyclers. The facility, which will be fully operational in July, features a clear height of 28 feet, six dock doors, two drive-in doors and up to 58 vehicle parking stalls. Opus served as the design-builder and worked in partnership with Architects Plus Design Studio PLLC, Structural Enginuity Inc. and Spaceco.

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IllinoisLeasing ActivityMidwestRetail

American Eagle Signs 14,182 SF Lease for Michigan Avenue Flagship Store in Chicago

by Kristin Harlow

CHICAGO — American Eagle Outfitters has signed a lease for a new flagship store at 600 N. Michigan Ave. in Chicago. The 14,182-square-foot store is expected to open on July 1, 2027. American Eagle will occupy space opposite UNIQLO, which returned to Michigan Avenue with its store opening in March. The Chicago flagship will be American Eagle’s second flagship store in the U.S., following the opening of its New York City flagship late last year. The surrounding stretch of Michigan Avenue recently saw the opening of Aritzia and a new home for The North Face. The Cube, a London-based urban playground concept, is slated to open this summer. The Candy Hall of Fame will debut in summer 2027. Marget Graham, Dick Spinell and Stan Nitzberg of Mid-America Asset Management represented the owners of 600 N. Michigan Ave. Jim Sakanich and Riley McCarron of CBRE represented American Eagle.

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AcquisitionsIllinoisMidwestRetail

Boulder Group Arranges $3.5M Sale of Staples-Occupied Retail Property in Metro Chicago

by Kristin Harlow

NAPERVILLE, ILL. — The Boulder Group has arranged the $3.5 million sale of a single-tenant retail property net leased to Staples in Naperville within metro Chicago. The 22,888-square-foot building is situated on 2.4 acres. Randy Blankstein, Jimmy Goodman and John Feeney of Boulder Group represented the seller, a real estate investment firm. The buyer was a Southeast-based investment company. The Staples lease expires on March 31, 2032. The tenant has operated at the location since 2006.

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DevelopmentIllinoisMidwestOfficeTop Stories

Skender Completes 535,000 SF Office Development in Chicago’s Fulton Market

by Kristin Harlow

CHICAGO — Chicago-based general contractor Skender has completed The Fulton, an 11-story, 535,000-square-foot office development at 217 N. Sangamon St. in Chicago’s Fulton Market neighborhood. Developed by Fulton Street Cos. and Shanna Collective, the project marks the only Class A office building to break ground in Chicago since 2023, according to Skender. Designed by FitzGerald Associates Architects and Morris Adjmi Architects, The Fulton features floor-to-ceiling windows, several outdoor terraces, a rooftop lounge and bar, multiple conference and coworking spaces and a fitness center. A basement provides parking for up to 80 vehicles. Additionally, a glass atrium connects the new development with a redevelopment of the historic Schwinn Bicycle factory, which is being converted from apartments into office space. Alex Panici, vice president at Skender, says the project brings the perfect blend of historical significance and modern design. “A tremendous amount of thought was put into everything from the material selection to the energy efficiency, and this property is sure to meet the needs of the modern workforce long into the future.” The Fulton is both WELL- and LEED Silver-certified. Committed office tenants include The Coca-Cola Co., Harrison Street Asset Management, BlackEdge Capital and Permanent Capital. Gibsons Steakhouse and Equinox Fitness …

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