Thursday, July 2, 2026
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Midwest

AcquisitionsIllinoisMidwestOffice

Podolsky Circle Arranges $6.4M Sale of Office Property in Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — Podolsky Circle CORFAC International has arranged the sale of Naperville Financial Center for $6.4 million. The five-story, 57,969-square-foot office property is located at 400 E. Diehl Road. The multi-tenant building features covered parking, on-site storage, conference facilities and tenant balconies. The property is currently 97 percent leased to tenants that include Rhea+Kaiser, M/I Homes and Cargill. Alissa Adler, John Homsher and Paul Tesdal of Podolsky Circle represented the seller, SARA Investment Real Estate. Gateway Investment Partners purchased the asset.

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DevelopmentHospitalityMidwestOhio

DoubleTree by Hilton Opens in Youngstown, Ohio

by Kristin Harlow

YOUNGSTOWN, OHIO — The 125-room DoubleTree by Hilton Youngstown Downtown has opened in northeastern Ohio. Marshall Hotels & Resorts manages the 12-story hotel, while Pan Brothers Associates Inc. owns the property. Located at 44 E. Federal Plaza, the property was formerly known as the Stambaugh Building, an office building that opened in 1907. Hotel amenities include a business center, fitness center, Hilton’s Made Market and 5,300 square feet of meeting and event space. Guests can also dine at the Bistro 1907 restaurant.

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IndustrialLeasing ActivityMichiganMidwest

Polymer Process Development Signs 75,000 SF Industrial Lease in Shelby Township, Michigan

by Kristin Harlow

SHELBY TOWNSHIP, MICH. — Polymer Process Development has signed a 75,000-square-foot industrial lease in Shelby Township, about 30 miles north of Detroit. The provider of plastic injection moldings will occupy the space at 11969 Shelby Tech Drive. The company plans to vacate two facilities in Clinton Township and Chesterfield Township and consolidate into the new building later this summer. Jason Capitani of L. Mason Capitani CORFAC International represented PPD in the lease transaction.

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Affordable HousingLoansMidwestMinnesotaMultifamily

Dougherty Provides $16.1M HUD Loan for Construction of Affordable Housing Property in Rochester, Minnesota

by Kristin Harlow

ROCHESTER, MINN. — Dougherty Mortgage LLC has provided a $16.1 million HUD 221(d)(4) loan for the construction of Eastgate Apartments in Rochester. The 135-unit affordable housing property is slated to open in the summer of 2019. All units will be restricted to residents earning 60 percent or less of the area median income. In addition to the 40-year loan, the project will receive equity from the sale of low-income housing tax credits. BDKN LLLP was the borrower.

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AcquisitionsIllinoisIndustrialMidwestSelf-Storage

SVN Brokers $1.2M Sale of 300-Unit Self-Storage Portfolio in Kewanee, Illinois

by Kristin Harlow

KEWANEE, ILL. — SVN | Chicago Commercial has brokered the $1.2 million sale of a five-property self-storage portfolio in Kewanee in northwestern Illinois. The portfolio spans 300 units and 47,000 square feet. The properties are located at 1313 W 6th St., 817 Lake St., 604 N. Tremont St., 1103 N. Main St. and 514 N. Spring St. (Atkinson, Ill.) The property mix includes four MidState Mini Storage buildings and one Pay & Store Self Storage building. David Coupe of SVN represented the undisclosed seller. A regional self-storage operator completing a 1031 exchange was the buyer.

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IndustrialLeasing ActivityMidwestWisconsin

Infinity Machine & Engineering Renews 34,100 SF Industrial Lease in Ashwaubenon, Wisconsin

by Kristin Harlow

ASHWAUBENON, WIS. — Infinity Machine & Engineering Corp. has renewed its 34,100-square-foot industrial lease at 995 Waube Lane in Ashwaubenon, just south of Green Bay. Scott Revolinski of Founders 3 Real Estate Services represented the landlord, LCM Funds Real Estate LLC, in the transaction.

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AcquisitionsIndustrialMidwestWisconsin

Colliers Negotiates 19,773 SF Industrial Sale in Wauwatosa, Wisconsin

by Kristin Harlow

WAUWATOSA, WIS. — Colliers International has negotiated a 19,773-square-foot industrial sale in Wauwatosa for an undisclosed price. The property is located at 11200 W. Watertown Plank Road. Pat Hake and Russ Sagmoen of Colliers brokered the transaction. DEP Investments LLC was the buyer, while the seller was undisclosed

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AcquisitionsMidwestMinnesotaMultifamily

Marcus & Millichap Arranges $1.4M Sale of Apartment Building in St. Paul, Minnesota

by Kristin Harlow

ST. PAUL, MINN. — Marcus & Millichap has arranged the sale of Priscilla Street Villas in St. Paul for $1.4 million. The 11-unit apartment building is located at 2333 Priscilla St. All of the units are two-bedroom units. Mox Gunderson, Dan Linnell, Josh Talberg and Evan Miller of Marcus & Millichap brokered the transaction. Both the buyer and seller were private investors.

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IndustrialKansasLeasing ActivityMidwest

Coleman Signs 1.1 MSF Industrial Lease Renewal in Gardner, Kansas

by Kristin Harlow

GARDNER, KAN. — The Coleman Company Inc. has signed a 1.1 million-square-foot industrial lease renewal in Gardner, about 30 miles southwest of Kansas City. The property is situated on 25 acres at 17150 Mercury St. Built in 2009 as part of the Midwest Commerce Center, the warehouse features a clear height of 32 feet, 100 dock doors and parking for 300 trailers. Mark Long and John Hassler of Newmark Grubb Zimmer represented the owner, Gramercy Property Trust Inc., in the lease transaction. Coleman is an outdoor camping gear and equipment company.

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Leasing ActivityMidwestMinnesotaOffice

Cantel Medical Leases 160,000 SF for Headquarters in Plymouth, Minnesota

by Kristin Harlow

PLYMOUTH, MINN. — Cantel Medical has signed a 160,000-square-foot lease for its regional headquarters in Plymouth, about 15 miles northwest of Minneapolis. The provider of infection prevention products will relocate from several sites throughout Plymouth to the four-story office building, which is located at 9800 59th Ave. Dave Paradise, Sydney Johnson and David Itzkowitz of Cushman & Wakefield represented the tenant in the lease transaction. Bob Revoir of Cushman & Wakefield represented the undisclosed landlord. Cantel Medical plans to occupy the space in the fourth quarter of this year.

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