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.
WEST ALLIS, WIS. — McShane Construction Co. will build The Apiary, a two-building, 248-unit apartment complex in the Milwaukee suburb of West Allis. Land by Label is the developer. A two-story amenity space will connect the two buildings and feature a clubroom, sports bar, fitness center and golf simulator. Outside, a courtyard will house a swimming pool and grill area. McShane will perform environmental remediation prior to construction on the site, which formerly housed a manufacturing campus. Completion of the project is slated for October 2026. AG Architecture is the architect of record.
WILLOUGHBY HILLS, OHIO — MAG Capital Partners has acquired a 158,484-square-foot specialty food processing facility in Willoughby Hills in a sale-leaseback transaction with Produce Packaging Inc. (PPI). The property, located at 27853 Chardon Road in suburban Cleveland, has served as PPI’s headquarters since 2019. PPI’s $15 million investment in building infrastructure and systems supports multi-temperature/multi-humidity zones. Originally developed as a Sam’s Club, the asset features a clear height of 27 feet, 12 dock doors and four drive-in doors. Phil DiGennaro and Joe DiGennaro of STREAM Capital Partners represented PPI in the transaction.
CHAMPAIGN, ILL. — Marcus & Millichap has brokered the $5.1 million sale of Champaign Station, a six-suite retail strip center in Champaign. Built in 2007, the 21,152-square-foot property is fully leased to a mix of restaurant and service-oriented tenants. The asset is shadow anchored by Menards and adjacent to Market Place Shopping Center. Alex Perez and Chris Garavaglia of Marcus & Millichap represented the seller, a private equity group, and procured the buyer, a private equity group based out of North Carolina. The duo previously brokered the sale of the property in 2020.
MILWAUKEE — Neutral has received a $133.3 million construction loan for The Edison, a 378-unit luxury apartment project in Milwaukee. JLL Capital Markets arranged the financing through Bank OZK and Pearlmark. The Edison, located at 1005 N. Edison St., will feature 7,200 square feet of retail space. At 31 stories, the project is slated to be the tallest mass timber building in North America, according to Neutral. Amenities will include a fitness center, spa, pool, sauna, café, demo kitchen, dog park, movie room, community garden, entertainment deck and sky lounge. The developer has secured more than 62 percent of the required equity funding and will commence construction this spring while the remaining 38 percent of equity is being finalized. Completion is slated for the third quarter of 2027.
GRAND RAPIDS, MICH. — Mid-America Real Estate Corp. has brokered the sale of Shops at Centerpoint in Grand Rapids for an undisclosed price. The 444,709-square-foot shopping center is home to TJ Maxx, HomeGoods, Sierra Trading Post, Nordstrom Rack, Golf Galaxy, Ulta, DSW, Old Navy, Dunham’s Sports and Planet Fitness. Ben Wineman, Joe Girardi and Daniel Stern of Mid-America represented the seller, a joint venture between New York City-based DRA Advisors and Chicago-based Pine Tree. The asset sold to Seattle-based Bridge33 Capital.
HOPKINS, MINN. — Kraus-Anderson has completed construction on Hallon II, a luxury apartment building in Hopkins, a southwest suburb of Minneapolis. Designed by ESG Architecture and Design, the seven-story, 398,822-square-foot community features 250 units and 10,000 square feet of retail space. Outdoor amenities include a third-floor courtyard with pool, hot tub, fitness area, game lawn, lounge and grill stations. Interior amenities include a sauna, fitness and yoga studio, speakeasy with connected sky deck, listening lounge and pet wash station. Construction began in September 2022.
CHICAGO — Baum Realty Group LLC has arranged the sale of an 18,000-square-foot retail portfolio in Chicago’s Andersonville neighborhood for an undisclosed price. Wayland Real Estate Capital purchased the buildings, which are located at the northwest corner of Clark Street and Berwyn Avenue. The portfolio features four contiguous properties that are fully leased. Tenants include Starbucks, Potbelly Sandwich Works, Jeni’s Splendid Ice Creams, Ranalli’s of Andersonville, AlleyCat Comics and Lonesome Rose. The weighted average lease term is nearly eight years. Ari Topper, Tyler Dechter and Owen Wiesner of Baum represented the seller, a local investor.