KANSAS CITY, MO. — Tierra Encantada, a Spanish immersion early education company, has signed a 14,440-square-foot retail lease at 114 W. Gregory Blvd. in Kansas City. The former home of Reece Nichols, the Brookside location offers a newly remodeled roof, mechanical equipment and interior. Tierra Encantada currently has 17 locations in the U.S., and the new lease marks its second in the greater Kansas City area. Marshal Blount of Block & Co. Inc. Realtors represented the undisclosed landlord, while CBRE represented the tenant.
Boulder Group Brokers $4.2M Sale of Restaurant Property Leased to Uncle Julio’s in Lombard, Illinois
LOMBARD, ILL. — The Boulder Group has brokered the $4.2 million sale of a 10,682-square-foot restaurant property occupied by Uncle Julio’s in the Chicago suburb of Lombard. The single-tenant building is located at 2360 Fountain Square Drive. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Midwest-based developer. The buyer was a private investor from Illinois. Headquartered in Irving, Texas, Uncle Julio’s is a chain of Mexican restaurants.
COLUMBUS, OHIO — Anduril, a defense and aerospace contractor, has selected a site in Columbus for Arsenal-1, the company’s first hyperscale weapons manufacturing facility. The Southern California-based firm plans to invest approximately $1 billion of its own capital into the development. Anduril expects the new Arsenal plant to create more than 4,000 direct jobs in Pickaway County and the surrounding areas, as well as 8,500 indirect jobs from suppliers, construction and other sectors. The company says the project represents the largest single job-creation development in the history of Ohio. At full scale, the facility will span 5 million square feet and produce tens of thousands of military systems annually, according to Anduril. The firm will produce most of its suite of autonomous weapons, sensors and systems at the facility. “Today is a proud day for Ohio as we welcome Anduril and celebrate the creation of thousands of new jobs in cutting-edge defense manufacturing,” said Ohio Lt. Governor Jon Husted. “This investment reinforces Ohio’s position as a leader in advanced technology and national security.” The site is located near Rickenbacker Airport and features two 12,000-foot runways and a 75-acre private apron that will accommodate military-scale aircraft for delivery purposes. The site …
ANN ARBOR, MICH. — Marquette Cos. and a fund managed by DRA Advisors have sold The Haven at Ann Arbor, a 520-unit apartment community in Ann Arbor. Abacus Capital Group, a New York-based real estate investment firm, purchased the asset for an undisclosed price. Marquette purchased The Haven in 2017 when it was known as Village Green of Ann Arbor and undertook a $13 million revitalization project that included extensive exterior improvements and unit interior renovations. Marquette also renovated the amenities and improved site operations. At the time of sale, The Haven was 95 percent occupied. Located about a 15-minute drive from the University of Michigan, the property features studio, one- and two-bedroom units ranging from 650 to 1,075 square feet. Amenities include a clubhouse with resident lounge, three fitness centers, an outdoor pool with terrace, enclosed dog park, tennis courts, nature trails and an onsite car washing station.
BRECKSVILLE AND VERMILION, OHIO — Browns Gibbons Lang & Co. (BGL) Real Estate Advisors has arranged development financing for Valor Acres in Brecksville, a southern suburb of Cleveland, and The Bluffs at WaterWood Resort in Vermilion, about 42 miles west of Cleveland. The borrower was DiGeronimo Cos. Fifth Third Bank & First Commonwealth Bank provided the financing for Valor Acres, a mixed-use development incorporating 44,000 square feet of Class A office space, 221 luxury apartment units, 70,000 square feet of retail and entertainment space, an onsite safety station and 700-space parking garage. The project is being developed on the former site of the U.S. Department of Veterans Affairs Brecksville hospital. Valor Acres is also home to the new Sherwin-Williams Research and Development Center and the DiGeronimo corporate headquarters. DiGeronimo closed on Phase I of the project, which included a multifamily building as well as for-rent townhomes, in December 2021. The developer closed on the for-sale townhomes, attached loft homes, memorial park and clubhouse in June 2023. BGL also served as the financial advisor for those transactions. In addition to senior construction debt from Fifth Third Bank, the project received transformational mixed-use development tax credits, Cleveland-Cuyahoga County Port Authority incentives and …
CHICAGO — Berkadia has negotiated the sale of Midpointe Apartments in Chicago for an undisclosed price. The 423-unit, garden-style multifamily property was built in 1973 and extensively upgraded over the last 10 years. Amenities include an outdoor pool, fitness center, dog park, fire pit and outdoor gas grilling areas. Ralph DePasquale of Berkadia represented the seller, an institutional investor. An affiliate of California-based Turner Impact Capital was the buyer.
SCHAUMBURG, ILL. — Specialty candy retailer IT’SUGAR has relocated its store at Woodfield Mall in Schaumburg to a 5,600-square-foot storefront, nearly double the size of its previous location. The Woodfield Mall location is the retailer’s fifth store in the Chicago market and offers more than 300 candy bins. Alongside its candy offerings, IT’SUGAR also features immersive candy displays from brands such as Sour Patch Kids, OREO, Nerds, Skittles, Reese’s and Starburst.
MINNEAPOLIS — Kiser Group has expanded into Minnesota by partnering with multifamily broker Robert Dulin to open a new multifamily brokerage office. The firm maintains brokers focused on Illinois, Indiana, Michigan, Ohio and Wisconsin, and this latest expansion broadens the company’s reach across the Midwest. Kiser Group’s transaction volume is in excess of $6 billion in multifamily investment sales since its inception in 2005. Dulin, formerly a director at Cushman & Wakefield, brings 15 years of multifamily brokerage experience to his role as executive director for Kiser’s Minneapolis-St. Paul operations.
ST. LOUIS — Procter & Gamble (P&G) has expanded operations in St. Louis, investing $180 million and creating 100 new jobs. P&G’s St. Louis facility has been in operation for nearly a century and produces brands including Cascade, Mr. Clean and Febreze. The company’s expansion includes the addition of new equipment and a new warehouse at its existing St. Louis riverfront location, the conversion of an existing warehouse to a manufacturing facility and the construction of a new office building. MilliporeSigma has unveiled plans to invest $76 million and create 170 new jobs in St. Louis. This investment will triple the company’s manufacturing capacity for antibody drug conjugates for cancer treatment at the Bioconjugation Center of Excellence.
CHICAGO — Colliers has arranged the sale of a 140,310-square-foot distribution center fully leased to Whole Foods Market in Chicago for an undisclosed price. Jeff Devine, Steve Disse and Tyler Ziebel of Colliers represented the seller, Ryan Cos. US Inc. Built in 2017 by Ryan, the property at 716 E. 111th St. services Whole Foods locations in the Chicago area and throughout the Midwest and Canada. Metzler Real Estate advised the buyer, an offshore investor.