Monday, May 4, 2026
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IllinoisLeasing ActivityMidwestOffice

Apex Systems Signs 15,378 SF Office Lease in Chicago’s River North

by Kristin Harlow

CHICAGO — Apex Systems will relocate its Chicago office from 600 W. Chicago Ave. to 448 N. LaSalle Drive. The technology and professional services firm has signed a long-term lease totaling 15,378 square feet for the entire top floor of the boutique office building. Designed by LJC Design & Engineering and completed in 2021, the 12-story property totals 174,599 square feet and is situated in the city’s River North submarket. The owner, National Real Estate Advisors, recently completed 32,000 square feet of furnished spec suites on the fourth and seventh floors. Amenities include a private tenant rooftop deck, conference facilities, a fitness center and ground-floor retail, including shuffleboard-focused food-and-beverage concept Electric Shuffle. Erica Marshall and Mark Gunderson of Stream Realty Partners represented the landlord. Jeff Skender, Jack Tunnicliff, Mike DeSantis and Mark Moore of Cushman & Wakefield represented the tenant.

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Leasing ActivityMidwestMinnesotaRetail

Pottery Barn to Open 12,500 SF Store at Rosedale Center in Metro Twin Cities

by Kristin Harlow

ROSEVILLE, MINN. — Pottery Barn has signed a 12,500-square-foot lease to open at Rosedale Center, a 1.1 million-square-foot shopping mall in Roseville. The home furnishings retailer will occupy an exterior space and is slated to open in the third quarter of 2027. Holly Rome of JLL leads the leasing efforts for Rosedale Center and secured the lease with Pottery Barn, which is a member of the Williams-Sonoma Inc. portfolio of brands.

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IndustrialMarket ReportsMidwestMidwest Market ReportsOhio

Columbus Industrial Market Accelerates Amid Mega-Projects, Strategic Growth

by Kristin Harlow

By Derek Lichtfuss, Newmark Columbus, Ohio, is emerging as one of the nation’s most dynamic industrial markets. With a strategic location, robust infrastructure and a diversified economy, the metro area is attracting industrial, manufacturing and logistics investment at a pace rivaling traditional coastal hubs.  According to Newmark Research, Columbus’ industrial market closed 2025 with positive absorption of 8.8 million square feet — ranking among the top five U.S. markets. Remarkably, the fourth quarter alone contributed more than 3 million square feet, marking the second consecutive quarter above that threshold. The market’s fundamentals underscore its strength. Vacancy ended the year at 7.2 percent, down from 9.7 percent in 2024. Asking rents, while largely flat in 2025, have climbed for six consecutive years, reflecting steady demand. More than 5.2 million square feet are currently under construction, signaling developer confidence. Drivers of growth Several factors drive the city’s momentum. Columbus benefits from an exceptional logistics profile. The metro area can reach roughly 50 percent of the U.S. population within a one-day drive or train, bolstered by I-70, I-71 and the second-largest inland port at Rickenbacker International Airport. Its multimodal capabilities — including Norfolk Southern rail and cargo air — have made it a …

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Project-Pilot-De-Soto-Kansas
Data CentersDevelopmentIndustrialKansasMidwestTop Stories

Beale Infrastructure Unveils Plans for $3B Data Center Campus in De Soto, Kansas

by Taylor Williams

DE SOTO, KAN. — Beale Infrastructure, a San Francisco-based owner-operator of data centers and other tech infrastructural properties, has unveiled plans for Project Pilot, a $3 billion data center campus in De Soto, about 30 miles west of Kansas City. Construction of the first phase is set to begin in May. According to Beale, the project, which is ultimately planned to feature four buildings totaling approximately 1 million square feet, represents the first hyperscale data center to be announced in the state of Kansas. The company also stated that the project would add “hundreds” of construction jobs and 50 permanent operational roles to the local economy. Beale has partnered with local utility provider Evergy to provide power for the campus and facilitate infrastructural development. An end user was not announced, but Beale said that upon completion, the campus would “host a large technology company contracted via a long-term lease.” According to Data Center Dynamics (DCD), affiliates of Beale first purchased the 290-acre site last fall, around the same time that the City of De Soto approved construction. DCD also reports that the city “approved property tax and sales tax exemptions on up to $50 billion in industrial revenue bonds, which …

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AcquisitionsMichiganMidwest

HOK Acquires Detroit-Based Architecture Firm Rossetti

by Kristin Harlow

DETROIT — HOK has acquired Rossetti, a Detroit-based architecture firm known for its sports venue design and renovation work. HOK says the merger strengthens its position as one of the world’s leading sports, recreation and entertainment design practices. The combined firm will operate as HOK + Rossetti. Led by Matt Rossetti, the Rossetti team will continue to operate from Detroit, a market where HOK has sought a physical presence and where Rossetti has operated for 57 years. Rossetti’s portfolio includes the Formula 1 Crypto.com Miami Grand Prix, the USTA Billie Jean King National Tennis Center and Detroit’s Ford Field, with a significant reimagination of USTA’s Arthur Ashe Stadium and Cosm Detroit currently underway. The combined HOK + Rossetti sports, recreation and entertainment practice will be led by directors Nate Appleman, Shannon Bartch, Amy Chase, John Rhodes, Matt Rossetti and Rashed Singaby. HOK, a global design, architecture, engineering and planning firm with 27 offices, designed Little Caesars Arena and the forthcoming home of Detroit City Football Club.

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Affordable HousingDevelopmentIllinoisMidwestMultifamily

McHugh Construction, Powers & Sons Break Ground on 12-Story Affordable Housing Project in Chicago

by Kristin Harlow

CHICAGO — McHugh Construction and joint venture partner Powers & Sons Construction, along with The Community Builders (TCB), have broken ground on Southbridge 1C, the latest phase in the redevelopment of the former Harold Ickes Homes at 2305 S. State St. in Chicago’s South Loop. The 12-story building will include 80 market-rate and affordable housing units in a mix of studio, one-bedroom and two-bedroom layouts. Located adjacent to the Cermak-McCormick Place CTA Green Line station, the development will feature a 1,500-square-foot, street-level retail space alongside a resident lobby. The first floor will include a bike room with 80 spaces, a dog wash station, package room, leasing office and back-of-house areas. Amenity spaces on the 12th floor will include a fitness area, outdoor terrace and resident storage. Developed by TCB and supported by the Chicago Department of Housing, Chicago Housing Authority (CHA), Illinois Housing Development Authority and the U.S. Department of Housing and Urban Development, the 76,000-square-foot project will receive $11.9 million in tax-increment financing assistance. Gensler designed the project. Construction is slated for completion in June 2027. Southbridge 1C will include 44 affordable housing units, representing 55 percent of the total unit count. Fifteen residences will be designated for families …

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LoansMidwestMultifamilyNebraskaSeniors Housing

Lument Provides $21.2M HUD-Insured Loan for Refinancing of Nebraska Senior Living Community

by Kristin Harlow

LINCOLN, NEB. — Lument has provided a $21.2 million HUD/FHA Section 232/223(f) Express Lane loan for the refinancing of Pemberly Place Senior Living, a seniors housing community in Lincoln with 120 units and a licensed capacity for 132. Quintin Harris and Patrick Roan of Lument originated the financing, which features a fixed interest rate and 35-year term. The refinance pays off existing bank debt from a construction loan originated by Lument several years ago. Lument also helped structure a shareholder note to reimburse the borrower for previous capital expenditures. Built in 2017, Pemberly Place Senior Living features assisted living, independent living and memory care options. Locally owned and operated, the community has a partnership with MJ Senior Living, a Nebraska-based management company.

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AcquisitionsIllinoisIndustrialMidwest

Missner Group Purchases 58,236 SF Industrial Building in Aurora, Illinois

by Kristin Harlow

AURORA, ILL. — The Missner Group has acquired 657 Wolverine Drive, a 58,236-square-foot industrial building in Aurora. Located on 5.5 acres, the multi-tenant property features a clear height of 18 feet, multiple drive-in doors and loading docks, heavy power and ample parking. Built in 1997, the asset also offers outside storage. Missner plans to implement a targeted value-add program, including tenant build-outs, renovation of existing office space and structural improvements. Two units are currently available for lease, representing a total of 25,267 square feet. Steve Connolly and Mark Moran of NAI Hiffman represented the undisclosed seller, while Andrew Maletich of Cawley CRE represented the buyer. Maletich and colleague Matt Garland have been retained as the leasing brokers.

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DevelopmentMichiganMidwest

Barton Malow to Build 15,000-Seat Stadium for Detroit City Football Club

by Kristin Harlow

DETROIT — Barton Malow has been selected as the construction manager for Detroit City Football Club’s new home stadium, AlumniFi Field. The privately funded, 15,00-seat venue will be built between Detroit’s Corktown and Mexicantown neighborhoods. Founded in 2012, Detroit City FC’s current home is Keyworth Stadium, a 7,000-seat venue. AlumniFi Field will be designed to evoke the atmosphere of European football stadiums, featuring a natural grass pitch and three permanent grandstands with canopies. The soccer stadium is also envisioned to host other sporting events, concerts and community programming. AlumniFi Field will rise on the site of the former Southwest Detroit Hospital, a Black-owned hospital that opened in 1973 and closed in 2006. It remained vacant until its demolition earlier this year. Barton Malow will work with Detroit City FC to incorporate a permanent installation in the new stadium that honors the former hospital’s legacy and contributions to the Detroit community. Site work for the project has commenced. Foundation work, structural steel installation and interior build-out will follow.

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IllinoisLoansMidwestMultifamily

Walker & Dunlop Provides $60M in Financing for Multifamily Community in Wilmette, Illinois

by Kristin Harlow

WILMETTE, ILL. — Walker & Dunlop has provided nearly $60 million in construction take-out financing for Optima Verdana, a luxury multifamily community in Wilmette developed by Optima. Dave Hendrickson, Pat Modig, Jonathan Paine, Mo Beler, Will Crittenberger and Philippe LaPointe of Walker & Dunlop originated the Freddie Mac loan, which features a fixed interest rate and interest-only payments. Completed in 2023, Optima Verdana features 100 apartment units and 5,900 square feet of retail space. Residences average 1,499 square feet.

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