Tuesday, March 31, 2026
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LoansMidwestMissouriRetail

Gantry Arranges $22M Refinancing for Chesterfield Commons Shopping Center in Missouri

by Kristin Harlow

CHESTERFIELD, MO. — Gantry has arranged a $22 million permanent loan to refinance maturing debt for Chesterfield Commons, a retail power center in Chesterfield, a western suburb of St. Louis. Anchor tenants at the 750,000-square-foot inline center include Walmart, Sam’s Club, Lowe’s, Best Buy and Ross. Additional tenants include a mix of 40 restaurant, fast food, beauty, fashion, professional service, sporting goods, banking, home goods and health and wellness. Joe Monteleone and Rulin Dai of Gantry represented the borrower, a private real estate investor. One of Gantry’s correspondent insurance company lenders provided the five-year, fixed-rate nonrecourse loan, which offers full-term interest-only payments. Gantry will service the loan for the lender.

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MichiganMidwest

Farbman Group Expands Family of Organizations with ClimateGuard Pro

by Kristin Harlow

FARMINGTON HILLS, MICH. — Farbman Group has expanded its family of organizations with ClimateGuard Pro, a new temperature and environmental monitoring solution. ClimateGuard Pro was created to protect buildings, prevent emergencies and enhance operations by helping identify areas of risk, monitor temperatures during winters or heavy summer rains, detect potential liquid infiltration in office suites and protect pipes from bursting. Farbman Group has appointed Jordan Valasek, senior vice president and director of property management, to lead ClimateGuard Pro sales. The company started within the Farbman Group property-managed portfolio and is expanding outside the firm’s managed properties to buildings throughout the Midwest. ClimateGuard Pro joins Farbman Group’s broader family of organizations, including Apex Mechanical Solutions, Huntington Construction, NAI Farbman, Huntington Maintenance and more.

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EQT-real-estate-portfolio
AcquisitionsIndustrialMidwestNortheastPennsylvaniaSoutheastTexasTop StoriesWestern

EQT Real Estate Sells 7.3 MSF Logistics Portfolio Across 12 Markets

by Abby Cox

RADNOR, PA. AND LOS ANGELES — EQT Real Estate, on behalf of its EQT Real Estate Industrial Core-Plus Fund II, has sold a 36-property logistics portfolio totaling 7.3 million square feet across 12 markets. A real estate investment fund managed by Los Angeles-based Ares Management acquired the portfolio for $650 million, according to various media outlets. Marq Logistics, an affiliate of Ares Management, will manage the properties on behalf of the new ownership. “This transaction highlights EQT Real Estate’s strength in creating and realizing value across the investment lifecycle,” says Matthew Brodnik, global chief investment officer at EQT Real Estate. “The team combined thoughtful portfolio construction with EQT Real Estate’s differentiated hands-on active management to build a portfolio with strong underlying fundamentals, enhance its performance and ultimately deliver an outcome that reflects its quality and future potential.”  The portfolio spans distribution markets such as Chicago, Phoenix, Dallas, Atlanta, North Carolina, South Carolina, Southern California, Memphis, Columbus and Cincinnati. The properties are more than 95 percent leased to various tenants active in e-commerce, distribution, food-and-beverage and light manufacturing sectors. Amenities throughout the portfolio include 31-foot clear heights, cross-deck and rear-load configuration, truck courts and significant parking accommodations. John Huguenard, Trent Agnew, and …

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IndustrialLoansMichiganMidwest

PCCP Provides $180.5M Refinancing for 2.1 MSF Industrial Park Near Detroit

by Kristin Harlow

HIGHLAND PARK, MICH. — PCCP has provided a $180.5 million senior loan to a joint venture between AEW Capital Management and Trident Capital Group for the refinancing of Oakland Park, a 10-building, 2.1 million-square-foot industrial park in Highland Park, about six miles north of downtown Detroit. Built between 1997 and 2020, the infill properties feature clear heights ranging from 24 to 32 feet, efficient loading ratios, ample truck parking and access to two major freeways. The park is located 10 miles away from Stellantis Detroit Assembly Complex and five miles from GM Factory Zero.

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DevelopmentMidwestMinnesotaMultifamilySeniors Housing

United Properties Begins Development of 143-Unit Active Adult Community in Minnesota

by Kristin Harlow

CORCORAN, MINN. — United Properties has broken ground on Amira Corcoran, a 143-unit active adult community in Corcoran, about 22 miles northwest of Minneapolis. The four-story development expands the Amira senior living portfolio in metro Twin Cities. The project will offer studio, one-, two- and three-bedroom apartments. Amenities will include a clubroom, fitness and yoga spaces, an arts and crafts studio, golf simulator lounge, walking trails and an outdoor amenity patio with a pool and hot tub. The first move-ins are anticipated in summer 2027. The project team includes architect Momentum Design Group, general contractor Eagle Building Co. and property manager Great Lakes Management.

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DevelopmentIndustrialMidwestNebraska

Opus Breaks Ground on 168,486 SF Spec Industrial Project Near Omaha

by Kristin Harlow

PAPILLION, NEB. — Opus has broken ground on Highway 370 Logistics, a 168,486-square-foot speculative industrial development located near the intersection of I-80 and Highway 370 in Papillion within metro Omaha. The 12-acre site is adjacent to an Amazon distribution hub. The project will feature a clear height of 32 feet, 10 dock doors, two drive-in doors, 115 vehicle parking stalls and 31 trailer parking stalls. Opus is the developer and design-builder, Raker Rhodes Engineering is the structural engineer and SVPA Architects is the architect. David Maenner and Sam Andres of CBRE are marketing the project for lease.

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Leasing ActivityMidwestOhioRetail

Dillard’s Opens 160,000 SF Store at The Mall at Fairfield Commons in Beavercreek, Ohio

by Kristin Harlow

BEAVERCREEK, OHIO — Dillard’s has opened at The Mall at Fairfield Commons in Beavercreek, marking the retailer’s first location in the Dayton area. The 160,000-square-foot department store occupies the former Macy’s location and introduces a new anchor tenant at the mall, which is owned by Spinoso Real Estate Group. Ownership says the Dillard’s opening reflects the continued evolution of The Mall at Fairfield Commons as it expands the mix of retail, dining and experiential offerings.

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IndianaIndustrialMarket ReportsMidwestMidwest Market Reports

Indianapolis Industrial Market: From Resilience to Resurgence in 2026

by Kristin Harlow

By Abigail Sievers, JLL The Indianapolis industrial market is entering 2026 not merely recovering but evolving. What began as a “quiet” shift has matured into a definitive new phase of activity characterized by renewed user confidence, disciplined development and a manufacturing ecosystem that’s gaining national attention.  While headlines often focus on coastal or larger Midwest markets, Indianapolis is steadily emerging as a strategic center for large-scale industrial investment, offering the rare trifecta of scalable Class A space, a resilient workforce and the high-capacity infrastructure that modern manufacturers require. Mega deals return After more than two years of cautious expansion, the market is now seeing a resurgence of large industrial commitments. Leases and acquisitions exceeding 500,000 square feet — which had significantly slowed during the previous 24 months — are re-entering the landscape as users move forward with previously paused growth plans amid market uncertainty.  The broader leasing environment reflects this momentum. In fourth-quarter 2025 alone, Indianapolis recorded 7.2 million square feet of absorption — the strongest single‑quarter performance since the third quarter of 2021. Year‑to‑date absorption reached 13.1 million square feet, surpassing the previous two years combined. These mega deals confirm what we’re hearing daily from both new and existing …

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DevelopmentIndustrialMichiganMidwest

Chobani Plans $567M Expansion of La Colombe Plant in West Michigan

by Kristin Harlow

NORTON SHORES, MICH. — Chobani has unveiled plans for a multi-phase, $567 million expansion of its La Colombe plant in the western Michigan town of Norton Shores. The project is expected to add more than 200,000 square feet of production space and nearly 340 new jobs, while retaining 312 jobs. The company says demand is surging for La Colombe’s signature ready-to-drink lattes. La Colombe first started in Philadelphia in 1994, making crafted coffee in cafes across the country. In 2016, the brand launched its ready-to-drink lattes, which are made in Norton Shores with locally sourced milk. Chobani, which manufactures yogurt, oat milk and creamers, acquired La Colombe in 2023.

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IllinoisIndustrialLoansMidwestOhio

JLL Arranges $59M Refinancing for Industrial Portfolio in Metro Chicago, Cincinnati

by Kristin Harlow

CHICAGO AND CINCINNATI — JLL Capital Markets has arranged a $59 million loan for the refinancing of a three-building industrial portfolio totaling 647,717 square feet across the Chicago and Cincinnati metropolitan areas. The Midwest Industrial 3-Pack comprises two facilities in Fairfield, Ohio, and one property in Hoffman Estates, Ill. All three buildings were completed in 2023 and feature a clear height of 32 feet, LED lighting with motion sensors, ESFR sprinkler systems and concrete tilt-wall construction. The portfolio is fully leased to a mix of tenants serving the logistics, distribution, manufacturing, packaging and thermal processing industries. The Ohio properties are known as Seward Pointe Commerce Park, while the Chicago asset is known as The Ninety Logistics Center and totals 201,676 square feet. Matthew Schoenfeldt, Lucas Borges, Brian Walsh, Michael Gurwin and Christian Johnston of JLL arranged the loan on behalf of the borrower, Brennan Investment Group and Reinsurance Group of America Inc. A regional bank provided the five-year loan.

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