Midwest

Venture One Acquires 67,565 SF Industrial Building in Glendale Heights, Illinois

by Kristin Harlow November 11, 2025

GLENDALE HEIGHTS, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has acquired a 67,565-square-foot freezer/cooler building in the Chicago suburb of Glendale Heights. The property at 601 Wall St. was fully leased at the time of sale to KeHE Distributors, a specialty food distributor. Situated in the High Grove Business Park, the building offers direct access to I-355 via Army Trail Road. The precast facility was constructed in 1991 and expanded in 2005. The asset features clear heights ranging from 22 to 37 feet, 10 exterior docks, four drive-in doors and parking for 10 trailers. There is 38,087 square feet of freezer space with glycol floors, 16,139 square feet of production space and 3,594 square feet of cold docks. Will McCormack and John Huguenard of JLL represented the seller, LBA Logistics. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.

November 11, 2025

Leasing Activity Midwest Missouri Restaurant Retail

Streats Opens 1,389 SF Restaurant in Downtown Kansas City

by Kristin Harlow November 11, 2025

KANSAS CITY, MO. — Streats, a local restaurant known for its Mexican street tacos as well as Birria tacos and ramen, has opened at the Skyline Collection in downtown Kansas City. Located at 1111 Main, Streats occupies 1,389 square feet on the ground floor in the former KC Mac and Co. space. The lease marks the restaurant’s second Kansas City location. Streats joins Jason’s Deli, Banksia and Fat Bee at the Skyline Collection. Erin Johnston of Copaken Brooks represented the landlord on an internal basis. The Skyline Collection, which includes the 1111 Main and 1201 Walnut office towers, is nearing full retail occupancy.

November 11, 2025

Acquisitions Build-to-Rent Midwest Minnesota Single-Family Rental

CBRE Negotiates Sale of 66-Unit Build-to-Rent Community in Maple Grove, Minnesota

by Kristin Harlow November 10, 2025

MAPLE GROVE, MINN. — CBRE has negotiated the sale of Mills Creek, a 66-unit build-to-rent community in the Twin Cities suburb of Maple Grove. Curtis Capital Group purchased the property from a joint venture between Watermark and PCCP for an undisclosed amount. CBRE’s Ted Abramson, Keith Collins and Abe Appert represented the seller. Built in 2019, the asset features detached homes averaging 1,679 square feet. Amenities include a clubroom, business center, pool, dog park, fitness center, community garden and walking trails.

November 10, 2025

Affordable Housing Development Michigan Midwest Multifamily

Woda Cooper, Keweenaw Bay Indian Community Open 50-Unit Affordable Housing Project in Michigan

by Kristin Harlow November 10, 2025

MARQUETTE, MICH. — Woda Cooper Cos. Inc. and the Keweenaw Bay Indian Community (KBIC) have opened Black Rock Crossing, a 50-unit affordable housing project in Marquette. The property features 26 one-bedroom units and 24 two-bedroom apartments for residents who earn between 30 to 80 percent of the area median income. Nine of the units are set aside for members of KBIC, and five units are adapted for people with mobility disabilities or sight/hearing challenges. Monthly rents range from $302 to $1,175, depending on income limits and size of unit. Amenities include a second-floor outdoor terrace, multipurpose room, fitness center, common laundry and outdoor playground area. The building is certified as LEED Zero Energy, which will result in lower energy costs for residents. The Michigan State Housing Development Authority allocated housing tax credits, which were purchased by KeyBank Community Development Lending and Investment to provide equity financing. KeyBank also provided a construction loan. Cedar Rapids Bank & Trust provided the permanent mortgage. The City of Marquette approved a Payment in Lieu of Taxes, and the Marquette Housing Commission provided eight project-based vouchers for rental assistance. PCI Design Group Inc. was the architect, and Woda Construction Inc. served as general contractor. Woda …

November 10, 2025

Acquisitions Illinois Midwest Multifamily

Interra Realty Arranges Two Multifamily Sales Totaling $10.6M in Chicago

by Kristin Harlow November 10, 2025

CHICAGO — Interra Realty has arranged the sales of two Chicago apartment buildings. A 14-unit property constructed in 2023 at 5069 N. Northwest Highway in the Jefferson Park neighborhood sold for $5.7 million, while an eight-unit building completed in 2020 at 2034 N. Avondale Ave. in the Bucktown neighborhood traded for $4.9 million. Brad Feldman of Interra represented the seller, a private local developer, in both transactions. Michael Duckler of Interra represented the confidential buyer of 5069 N. Northwest Highway. The private buyer of 2034 N. Avondale Ave. acquired the property as part of a 1031 exchange and assumed the seller’s debt on the asset. Both properties were fully occupied at the time of sale.

November 10, 2025

Acquisitions Illinois Industrial Midwest

Entre Commercial Realty Brokers Sale of 42,780 SF Industrial Facility in Metro Chicago

by Kristin Harlow November 10, 2025

ELK GROVE VILLAGE, ILL. — Entre Commercial Realty has brokered the sale of a 42,780-square-foot industrial facility at 2375 Estes Ave. in Elk Grove Village within the O’Hare submarket. The freestanding property features three docks, two drive-in doors, heavy power, a clear height of 22 feet and ample car parking. The buyer, Excel Restoration, will use the building as its headquarters. Cory Kay, Mike DeSerto and Elisabeth Lazzara of Entre represented the undisclosed seller, while colleague Kevin Kaplan represented the buyer.

November 10, 2025

Leasing Activity Life Sciences Midwest Minnesota

BioLabs Signs 16,000 SF Lease at Two Discovery Square in Rochester, Minnesota

by Kristin Harlow November 10, 2025

ROCHESTER, MINN. — BioLabs has signed a 16,000-square-foot lease at Two Discovery Square in Rochester. JLL handles leasing for the building in partnership with Mortenson Properties. Slated to open in late 2026, the Rochester site marks the first location in the Midwest for BioLabs. The facility will offer lab and office space for early-stage biotech and HealthTech companies. Discovery Square is an emerging innovation district within walking distance of Mayo Clinic’s flagship campus that offers more than 250,000 square feet of purpose-built space designed for research and technology uses. Jessica Mogilka and William McArdle of JLL led the building leasing efforts.

November 10, 2025

Acquisitions Midwest Multifamily Ohio

Reynolds Asset Management Acquires 724-Unit Multifamily Community in Columbus, Ohio

by Kristin Harlow November 7, 2025

COLUMBUS, OHIO — Reynolds Asset Management, in partnership with Triangle Capital Group, has acquired Edgewater Landing, a 724-unit multifamily community in Columbus. The transaction marks the firm’s sixth acquisition in Ohio. Reynolds plans to invest more than $15 million in improvements to the property, which is located at 4592 Channing Terrace. The capital improvement program will focus on curb appeal, roofing, building systems, electrical and mechanical upgrades as well as interior renovations. George Skaff and Carter Stephens of Newmark represented the undisclosed seller.

November 7, 2025

Development Illinois Midwest Retail

Nicholas Family Opens $34.5M Indoor Ice Arena in Rosemont, Illinois

by Kristin Harlow November 7, 2025

ROSEMONT, ILL. — The Nicholas Family of Cos. has opened Rosemont Ice Arena, a new $34.5 million indoor ice arena in the Chicago suburb of Rosemont. The twin-sheet arena totals 103,000 square feet. Located steps away from Allstate Arena, Rosemont Ice Arena offers ice time for youth hockey groups and figure skating, evening ice time for adult hockey leagues and exclusive daytime use by the Chicago Wolves professional hockey team for their practices ahead of home games at Allstate Arena. The project includes new practice facilities for the Chicago Wolves equipped with a dedicated sauna, steam room, cold plunge, film room and team lounge. Constructed by Nicholas & Associates and designed by ARCON Associates Inc., the new arena features a food and coffee area called Market by Hatty’s, a sports bar and supper club concept named Hatty’s Club, a lounge area and a physical therapy clinic. The Nicholas Family’s Spectate Group will operate the arena. Spectate Group will pay the Village of Rosemont an annual licensing fee to operate and manage the year-round facility.

November 7, 2025

Acquisitions Midwest Office Ohio

CBRE Arranges Sale of Two Office Buildings in Columbus, Ohio for $17.5M

by Kristin Harlow November 7, 2025

COLUMBUS, OHIO — CBRE has arranged the sale of One Easton Oval and Two Easton Oval, two Class A office buildings totaling 252,500 square feet in Columbus. IMC Management LLC purchased the assets for $17.5 million. CBRE’s Steve Timmel, Will Roberts, Collin Wheeler and Aaron Duncan represented the undisclosed seller. Wheeler and Duncan will handle marketing and leasing efforts. Originally built in 1995 and 1998, the buildings are located within the Easton Oval Office development, a master-planned business park adjacent to Easton Town Center. The properties were 60 percent occupied at the time of sale.

November 7, 2025

Newer Posts

Older Posts