MCCOOK, ILL. — Core Industrial Realty has negotiated a long-term lease for 36,440 square feet at 8401 W. 47th St. in McCook. Ryan Mullins and Frank Damato IV of Core Industrial represented the tenant, Kangde Xin America LLC, in its relocation and expansion effort. Vernon Schultz of Colliers represented the undisclosed landlord.
HOBART, IND. — The Boulder Group has arranged the $2.1 million sale of a single-tenant retail property net leased to Dollar General Market in Hobart within southwest Indiana. The newly constructed building is the larger prototype of 12,480 square feet. There are 15 years remaining on the lease, which features 5 percent rental escalations every five years throughout the primary term and at all five of the five-year renewal options. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a Midwest-based developer. Jack Friskney, Aaron Kuroiwa and Austin Meeker of Marcus & Millichap represented the buyer, an Indiana-based individual completing a 1031 exchange.
OVERLAND PARK, KAN. — Desi Chowrastha, an Indian eatery based in Texas, has secured its first Kansas City-area location at 6301 W. 135th St. in Overland Park. Max Kosoglad and David Block of Block & Co. Inc. Realtors represented the undisclosed landlord in the lease. A grand opening is slated for this summer. At 7,564 square feet, Desi Chowrastha will be the largest Indian restaurant in Overland Park. The restaurant will occupy space within a 15,500-square-foot pad building of Corbin Park Retail Village and will join co-tenants American Red Cross, Mozari Alterations and Embody. The name Desi Chowrastha is derived from “Desi,” a word used to describe the people, cultures and products of India, Pakistan and Bangladesh, and “Chowrastha,” a word used to communicate the joint to hang out with friends and how Indian culture evolved around them. The menu features a variety of kabobs, curries, appetizers and sandwiches. The chain currently has 25 franchisees across America, with many others under contract. Block & Co. is the leasing and property management company for the pad building.
CHICAGO — The NHL’s Chicago Blackhawks have revealed renderings for the forthcoming expansion of Fifth Third Arena. Originally opened in 2017, the facility has been undergoing renovations since May 2024. When complete in January 2026, the venue will boast more than 250,000 square feet of community hockey space and training facilities. The Blackhawks estimate that Fifth Third Arena will welcome more than 1.5 million guests per year and impact economic growth on Chicago’s West Side, solidifying the arena as a destination for youth and amateur hockey alongside new offerings for Blackhawks fans. The arena will connect to the United Center campus’ forthcoming 1901 Project. The facility remains the official training home to the Blackhawks and will also become the permanent home of Chicago Steel, the region’s United States Hockey League that was acquired by Wirtz Corp. in 2023. The expansion will transform Fifth Third Arena from a hockey facility into a versatile venue that can host events of all sizes and year-round programming. Championship Arena, one of the two new rinks, will offer stadium-style seating and hospitality areas for 2,000 spectators. As the future new home of the Chicago Steel, the arena will feature a center scoreboard, video ribbon boards …
INDIANAPOLIS — Keystone Group is adding 57 new luxury apartments to its $124 million office-to-residential conversion project at 220 Meridian Tower, the former AT&T office located near Monument Circle in Indianapolis. Scheduled for completion in summer 2026, the additional units will range from studios to two-bedroom floor plans. Construction has commenced, following AT&T’s lease that ended on May 31. Plans call for additional outdoor deck amenities, including a dog park, and six units that will feature private patio spaces. With these additions, a total of 273 units will be brought to market. As part of the continued development, 220 Meridian Tower will also welcome Harmony Steakhouse, an Indianapolis-based Japanese-style steakhouse slated to open this month.
ST. PAUL, MINN. — Ryan Cos. US Inc., in partnership with the Housing and Redevelopment Authority (HRA) for the City of St. Paul, has broken ground on new housing and retail components of Highland Bridge, a 122-acre mixed-use development at the former site of Ford Motor Co.’s Twin Cities assembly plant. The $68 million project is expected to be substantially completed by November 2026. The nearly 3-acre site at the intersection of Cretin Avenue and Ford Parkway in the city’s Highland Park neighborhood will feature five buildings. Plans call for a 97-unit multifamily building with 8,500 square feet of ground-floor retail space, three standalone retail buildings totaling 14,000 square feet and a 13,000-square-foot daycare center. The project also includes a two-level parking ramp and pedestrian access. Amenities of the apartment building will include a clubroom, outdoor patio, fitness room, coworking enclaves, a roof deck patio and secured package room. The initiative is a public-private partnership supported by the City of St. Paul and the HRA, which provided tax-increment financing (TIF) from existing TIF district budget savings. Ryan is serving as developer, builder and designer. Completed developments at Highland Bridge include The Collection, a 230-unit apartment building with a flagship Lunds …
ARLINGTON HEIGHTS, ILL. — Marcus & Millichap has negotiated the $13 million sale of a 111,667-square-foot flex industrial property in the Chicago suburb of Arlington Heights. Built in 1990, the facility at 545 E. Algonquin Road is fully leased to two long-term tenants. Intertek Testing Services, a global product testing and certification firm, occupies 85 percent of the space and has been a tenant since 2004. GigeNET, a provider of dedicated cloud, hybrid and colocation hosting solutions, occupies the remaining space and has operated at the facility since 2006. Peter Doughty of Marcus & Millichap represented the seller, a private investor. The undisclosed buyer purchased the property at the full list price.
DETROIT — Friedman Real Estate has brokered the $3.9 million sale of the former First Independence Bank building located at 100 Michigan Ave. in Detroit. The retail building totals 20,756 square feet. Andrew Bower, Steve Eisenshtadt and Peter Jankowski of Friedman represented the seller. Buyer and seller information was not released.
WRIGHT CITY, MO. — American Foods Group has opened an $800 million beef processing facility adjacent to I-70 in Wright City, about 50 miles west of downtown St. Louis. The 800,000-square-foot facility is known as America’s Heartland Packing LLC. The project was the focus of a FreightWeekSTL panel discussion hosted by the St. Louis Regional Freightway. Cattle are primarily shipped to the facility on trucks through the interstate highway system, as well as the associated packaging equipment needed for shipping outbound products. On average, the property receives about 10 trucks of cattle every weekday, with the plant harvesting about 400 cattle per day. The plant produces varying types of beef, including ground beef and different cuts of steaks. The facility ships out eight to 10 trucks of finished products per day to grocery stores, further processors, food service providers and schools. The Missouri Department of Transportation is investing $2.8 billion to add a third lane in each direction along nearly 200 miles of I-70 between St. Louis and Kansas City, a major project that is expected to benefit the new beef facility. Operations are expected to increase significantly at the facility in the future. Full operational capacity is anticipated to …
BOLINGBROOK, ILL. — Brookline Real Estate has partnered with Rhino Investments Group to renovate The Promenade Bolingbrook, a 778,000-square-foot shopping center in the Chicago suburb of Bolingbrook. Brookline has been hired to oversee leasing and lead a new vision for the open-air lifestyle center with a refreshed mix of retail, service, restaurants and experiential offerings. Rhino recently acquired an interest in The Promenade Bolingbrook, which is located at Boughton Road and I-355.