Sunday, November 23, 2025
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Midwest

Leasing ActivityMidwestOhioRetail

Ten Retail Tenants Open at Easton Town Center in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Ten tenants have opened new locations at Easton Town Center in Columbus. CHANEL Fragrance and Beauty Boutique, David Yurman, Louis Vuitton, Hollister, Mugsy, Bluemercury, Tecovas, Rowan, BoxLunch and Mikey’s Late Night Slice are now open. Coming soon to the shopping destination are gorjana, Faherty, Bar Italia, Diamond Cellar and Altar’d State. Easton Town Center is home to more than 250 shops, restaurants and entertainment venues. Steiner + Associates handles leasing and management for the property.

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DevelopmentMidwestMultifamilySeniors HousingWisconsin

McShane to Build 72-Unit Senior Living Community in Mukwonago, Wisconsin

by Kristin Harlow

MUKWONAGO, WIS. — McShane Construction Co. will build Azura Mukwonago, a three-building senior living community with 72 units in Mukwonago, about 30 miles southwest of Milwaukee. Azura Living is developing the assisted living and memory care property. In addition to dining rooms, kitchens, community rooms and sunrooms, residents will have access to a fitness area, spa and salon. Outside, residents will be able to enjoy a community garden, walking paths, putting greens, bocce ball courts and courtyard amenities. Completion is slated for December 2025. EUA is the architect.

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AcquisitionsHealthcareIndianaMidwest

SPHERE Investments Acquires 66,143 SF PAM Health Rehabilitation Hospital of Greater Indiana

by Kristin Harlow

NEW ALBANY, IND. — SPHERE Investments has acquired the PAM Health Rehabilitation Hospital of Greater Indiana — South Campus, a 66,143-square-foot inpatient rehabilitation facility in New Albany, just north of Louisville. The purchase price was undisclosed. Previously operating under Southern Indiana Rehabilitation Hospital, the asset sits on nearly seven acres at 3104 Blackiston Blvd. and features 40 inpatient beds. Under PAM Health’s management, the hospital will offer comprehensive recovery services for patients with serious injuries, surgeries and chronic conditions as well as interdisciplinary care such as physical, occupational and speech therapy. The seller had purchased the property in 2018 for $23.4 million. SPHERE stands for Strategic Public Health Equities and Real Estate. The company is based in Miami with a European presence. The acquisition marks SPHERE’s first investment in Indiana.  

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LoansMidwestMissouriOfficeWalker & Dunlop

Walker & Dunlop Arranges $65M Loan for Refinancing of Plaza Vista Offices in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Walker & Dunlop has arranged a $65 million loan for the refinancing of Plaza Vista Offices in Kansas City. Located at 900 W. 48th St. on the west side of the Country Club Plaza, the property serves as the headquarters of Polsinelli PC. The development features a 10-story building totaling 253,736 square feet situated above a 950-space underground parking garage. Joseph Platt of Walker & Dunlop arranged the fixed-rate loan through Bank of America on behalf of the borrower, Platform Ventures LLC.

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AcquisitionsIllinoisIndustrialLee & AssociatesMidwest

Lee & Associates Negotiates Sale of 118,041 SF Industrial Building in Batavia, Illinois

by Kristin Harlow

BATAVIA, ILL. — Lee & Associates has negotiated the sale of a 118,041-square-foot industrial building in the Chicago suburb of Batavia for an undisclosed price. The property is located at 1020 Olympic Drive. Michael Androwich Jr. of Lee & Associates represented the buyer, Blue Peak Tents, which is currently located in Batavia and is expanding its operations. Blue Peak Tents will consolidate three locations into the new facility. Nick Eboli and Andrew Block of Lee & Associates represented the private seller, which closed its screen printing operation that was housed in the building.

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IllinoisLeasing ActivityLife SciencesMidwest

COUR Pharmaceuticals Signs 50,000 SF Lease at Evanston Labs in Illinois

by Kristin Harlow

EVANSTON, ILL. — COUR Pharmaceuticals has signed a 50,000-square-foot lease at Evanston Labs in Evanston. The company is relocating its headquarters, R&D lab and pilot manufacturing plant to the recently delivered project. COUR, a clinical-stage biotechnology company developing therapies to treat patients with autoimmune diseases, will occupy space across the eighth and ninth floors. Located at the southwest corner of Orrington Avenue and Clark Street, Evanston Labs is an advanced sciences lab building rising 10 stories and totaling 178,800 square feet. Completed earlier this year by Trammell Crow Co. (TCC), the development features a penthouse amenity center, outdoor terrace and health and wellness center.

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AcquisitionsIllinoisMidwestMultifamily

Essex Realty Group Arranges $4.3M Sale of Apartment Building in Chicago’s Buena Park

by Kristin Harlow

CHICAGO — Essex Realty Group has arranged the $4.3 million sale of a 23-unit, value-add apartment building in Chicago’s Buena Park neighborhood. The property at 821 W. Montrose Ave. is one of the last untouched vintage buildings in the neighborhood, according to Essex. The asset features one-, two- and three-bedroom layouts along with a shared green space and six surface parking spaces. Brian Karmowski of Essex represented the seller, while Matt Feo and Abe Eilian of Essex represented the buyer. The property sold above the listing price.

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AcquisitionsIndustrialMidwestMissouriSelf-Storage

Marcus & Millichap Brokers Sale of 242-Unit Self-Storage Property in Rolla, Missouri

by Kristin Harlow

ROLLA, MO. — Marcus & Millichap has brokered the sale of Gateway Storage of Rolla, a 242-unit self-storage property in Rolla, a city in central Missouri. The sales price was undisclosed. Located at 11295 Old Highway 66, the facility offers 132 non-climate-controlled units and 110 climate-controlled units totaling 33,978 square feet across three acres. Built in 2015, the property is situated off I-44. Marla Colic of Marcus & Millichap represented the seller, Gateway Storage Mall, and procured the buyer, an out-of-state investment group.

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Eighth-&-Grand-Kansas-City
DevelopmentMidwestMissouriMultifamilyTop Stories

BR Cos. to Develop $250M Multifamily Project in Downtown Kansas City

by Taylor Williams

KANSAS CITY, MO. — California-based developer BR Cos. will build 800 Grand, a $250 million multifamily project at the southwest corner of Eighth Street and Grand Boulevard in downtown Kansas City. The 25-story high-rise building will consist of 300 apartments and 24,000 square feet of retail and restaurant space. Information on floor plans and the amenity package was not announced. Hoefer Welker designed 800 Grand, and Clark Construction and JE Dunn are serving as the general contractors for the tower. Tentative groundbreaking and completion dates were not announced, but the development has been in the works for more than a year. “Kansas City has the right environment and connectivity through smart public investment in public parks and transportation expansions to attract private investment,” said Ryan Sullivan, chief development officer of BR Cos. BR Cos., which maintains an office in Kansas City, has also partnered with local real estate agency Aristocrat Realty on the development. Founded in 2011, BR Cos. currently has 200 employees on staff and focuses on several business lines throughout the United States and Mexico, including real estate, construction, finance and energy. — Taylor Williams

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DevelopmentIllinoisIndustrialMidwest

Krusinski to Build 788,000 SF Spec Industrial Project in Plainfield, Illinois

by Kristin Harlow

PLAINFIELD, ILL. — Krusinski Construction Co. will serve as general contractor for a 788,000-square-foot speculative industrial project within Plainfield Business Center in the southwest Chicago suburb of Plainfield. Trammell Crow Co. (TCC) is the developer. Named TCC Stewart South Phase I, the 52-acre project is slated for occupancy in fall 2025. The cross-dock facility is being marketed as a single-tenant property, but it will be divisible for multiple users. The building will feature a clear height of 40 feet, 80 dock-level doors, four drive-in doors and parking for 392 cars and 211 trailers. Future phases of Plainfield Business Center are currently being planned. At full build-out, the development will encompass over 8 million square feet of industrial space. The project team includes Harris Architects and civil engineer Kimley-Horn. Edward Notz of Associated Bank originated a $43.6 million construction loan.

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