ST. LOUIS — MAP Property Holdings has unveiled plans for the renovation of key common areas as part of a reintroduction to the market of One US Bank Plaza, a 36-story, 658,000-square-foot office building in downtown St. Louis. Renovations will begin this spring, with Greiner Construction as general contractor and Trivers as architect. Plans call for updated finishes throughout the common areas on the first and second floor, an in-building lunchtime food operator, two outdoor patio options, varied third workspace options, an enhanced security focus and a refresh of outdoor plaza areas. MAP’s $8.7 million investment stimulated more than 210,000 square feet of lease renewals. Additionally, US Bank recently relocated 300 employees from another location to the downtown office tower. Minneapolis-based MAP acquired the building in 2021. Cushman & Wakefield provides leasing and property management services at US Bank Tower, with Danielle Grubbs and Jim Mosby leading leasing efforts.
Midwest
OCONOMOWOC, WIS. — Restaurants Chipotle and First Watch have signed leases to open at the Olympia Fields mixed-use development in Oconomowoc, about 35 miles west of Milwaukee. Chipotle’s space totals 2,350 square feet, while First Watch will occupy 3,850 square feet. Mike Fitzgerald and Andrew Prater of Mid-America Real Estate represented the landlord, Corta Oconomowoc LLC. Adam Dreier of Mid-America Real Estate represented Chipotle.
MONROE, MICH. — Bernard Financial Group (BFG) has arranged a $2.2 million loan for the refinancing of a 13,541-square-foot retail property in Monroe, about 23 miles north of Toledo, Ohio. Joshua Bernard of BFG arranged the loan through a life insurance company. An entity doing business as BSLM Frenchtown LLC was the borrower.
CHICAGO — Kiser Group has brokered the $1.6 million sale of a six-unit multifamily building in Chicago’s Lincoln Square neighborhood. The value-add property, constructed in 1928, has been owned by the same family for over four decades. Each unit offers approximately 1,400 square feet of living space with three bedrooms. The property also includes five garage parking spaces. Katie LeGrand and Jacob Price of Kiser brokered the transaction.
EAST DUNDEE, ILL. — Powerhouse Sales, a distributor of detergents, single-dose pods and other household cleaning products, has leased a 10,000-square-foot industrial unit for its new headquarters at 175 Prairie Lake Road in East Dundee, a northwest suburb of Chicago. The facility is now fully leased. Powerhouse’s space features one dock, one drive-in door and a high-end office build-out. Elisabeth Lazzara, Mike DeSerto and Cory Kay of Entre Commercial Realty brokered the lease.
Roche to Invest $50B for U.S. Expansion, Including New Pharmaceutical Manufacturing Facilities
by John Nelson
INDIANAPOLIS — Roche, a Swiss biotechnology company whose U.S. headquarters is in Indianapolis, has announced its intention to invest $50 billion in the United States over the next five years. The investment will include new and expanded life sciences facilities across the country, as well as a new 900,000-square-foot manufacturing facility, the location of which will be announced soon. This project will be a manufacturing facility for Roche’s portfolio of next-generation weight loss medicines. The other new developments will include a gene therapy manufacturing facility in Pennsylvania, a new plant in Indiana for continuous glucose monitoring and a new research-and-development (R&D) center in Massachusetts. Roche will also expand and upgrade its existing pharmaceutical manufacturing facilities in Kentucky, Indiana, New Jersey, Oregon and Pennsylvania as part of the investment, as well as expand R&D centers in Arizona, California and Indiana. Roche’s investment is expected to create more than 12,000 new jobs, including nearly 6,500 construction jobs and 1,000 permanent jobs at the new and expanded facilities. The construction timeline for these projects was not announced. Once Roche’s new and expanded facilities come on line, the firm says it will be able to export more medicines from the United States than it …
INDEPENDENCE, MO. — Gantry has secured a $10 million loan for the refinancing of Hillside Apartments in the Kansas City suburb of Independence. The garden-style, three-story property features 108 multifamily units across 14 buildings at 111 Hillside Drive. The fully stabilized asset underwent a complex-wide renovation. Mark Reichter and Alec Frook of Gantry arranged the financing on behalf of the borrower, a private real estate investor. Fannie Mae provided the seven-year, fixed-rate loan, which features an interest-only introductory period followed by a 30-year amortization.
BOURBONNAIS, ILL. — Performance Brokerage Services has negotiated the sale of the Phillips Hyundai of Bradley dealership in Bourbonnais, about 55 miles south of Chicago. Phillip Pascarella founded Phillips Auto Group in 1968. The company continues to own and operate Phillips Chevrolet locations in Bourbonnais, Frankfort and Lansing, Ill., and Phillips RV in Bourbonnais. Phillips Hyundai of Bradley opened in 2017. Paul Kechnie, Emily Bourne and Matt Willis of Performance Brokerage Services represented the seller. Patriot Motors was the buyer. Phillips Hyundai of Bradley will be renamed Patriot Hyundai of Bradley and will be relocated to William R Lathan Senior Drive.
CLINTON TOWNSHIP, MICH. — Bernard Financial Group (BFG) has arranged a $3.5 million loan for an office building in Clinton Township, a northern suburb of Detroit. Joshua Bernard of BFG arranged the loan through a banking institution. The borrower was River Ridge Office Building II LLC.
LAKE ZURICH, ILL. — The Boulder Group has brokered the $2.8 million sale of a restaurant property net leased to Chipotle in the Chicago suburb of Lake Zurich. The newly constructed building at 442 S. Rand Road features a drive-thru. Chipotle operates under a 15-year lease term with 10 percent rental escalations every five years and four five-year renewal options. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Chicago-area full-service commercial real estate company. A local individual was the buyer. There are 3,752 Chipotle locations worldwide as of 2025.