REBusinessOnline

Westco Home Furnishings Leases 13,325 SF at Cassville Plaza in Southwest Missouri

CASSVILLE, MO. — Westco Home Furnishings Co. has signed a 10-year, 13,325-square-foot retail lease at Cassville Plaza in Southwest Missouri’s Cassville. The furniture retailer maintains 12 locations across Missouri, Kansas and Oklahoma. Midwest Retail Properties (MRP) owns Cassville Plaza, which is a Walmart-anchored shopping center. Other tenants at the property include Tractor Supply and Dollar Tree. Westco is relocating from its current space on 8th Street. Tom Heintz of MRP is working …

Leasing Activity, Midwest, Missouri, Retail

Pappy’s Smokehouse to Open at The Shoppes at Mid Rivers in Suburban St. Louis

ST. PETERS, MO. — Pappy’s Smokehouse is the latest business to join the tenant roster at The Shoppes at Mid Rivers in the suburban St. Louis community of St. Peters. The 2,800-square-foot restaurant is expected to open by the end of this month. This is the second location for Pappy’s, which serves signature dry-rubbed baby back ribs. GBT Realty Corp. owns The Shoppes at Mid Rivers, which opened in 2018 and is home to a mix of retailers such as Academy Sports, HomeGoods, Ulta, Marshalls …

Leasing Activity, Midwest, Missouri, Restaurant, Retail

Detroit City Council Approves Sale of Former State Fairgrounds, Amazon to Open 3.8 MSF Facility at Site

DETROIT — The Detroit City Council has approved the sale of the former Michigan State Fairgrounds, providing the green light for a $400 million redevelopment of the site. Detroit-based Sterling Group and Dallas-based Hillwood Investment Properties have agreed to pay $9 million for the land, with plans to build a 3.8 million-square-foot distribution center for Amazon at the property.The e-commerce giant will occupy half of the 142-acre site, located at the corner of Woodward Avenue and 8 …

Development, Industrial, Michigan, Midwest, Top Stories

Amazon to Open Two New Fulfillment Centers in Kansas

KANSAS CITY AND PARK CITY, KAN. — Amazon.com Inc. has unveiled plans to open two new fulfillment centers in the state of Kansas. The centers, which are expected to open in 2021, will together create more than 1,000 new, full-time jobs. Each facility will span roughly 1 million square feet. One will be located at 9700 Leavenworth Road in Kansas City while the other will be located at 7130 N. Broadway Ave. in Park City. Amazon associates will pick, pack and ship bulky or large items such as …

Development, Industrial, Kansas, Midwest

Venture One Acquires 30,356 SF Industrial Building in Suburban Chicago

VERNON HILLS, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial V LP, has acquired a 30,356-square-foot industrial building in Vernon Hills, a northern suburb of Chicago. The purchase price was undisclosed. The transaction was structured as a sale-leaseback with H&H Graphics. Located at 450 Corporate Drive and constructed in 1991, the building features two docks, one drive-in door and parking for 40 cars. Brian Bocci of Entre Commercial Realty represented Venture …

Acquisitions, Illinois, Industrial, Midwest

Slim Chickens Opens in Streetsboro, Ohio

STREETSBORO, OHIO — Slim Chickens, a fast-casual restaurant, has opened its newest location in Streetsboro, about 30 miles southeast of Cleveland. David Giesen is the franchisee behind the Streetsboro restaurant. He has opened 16 restaurant franchises with the Arby’s and Freddy’s brands. The Streetsboro Slim Chickens is expected to create 75 new jobs in the community. Since its founding in 2003, Slim Chickens has grown to more than 100 restaurants in 17 states with a goal of opening 600 …

Leasing Activity, Midwest, Ohio, Restaurant, Retail

Boulder Group Brokers $1.4M Sale of Dollar General-Occupied Property in Midland, Michigan

MIDLAND, MICH. — The Boulder Group has brokered the $1.4 million sale of a 9,002-square-foot property occupied by Dollar General in Midland, about 28 miles east of Mount Pleasant. The single-tenant building is located at 3401 James Savage Road. Dollar General has a 15-year lease at the newly built property. A Midwest-based developer sold the asset to a Midwest-based real estate investor. Randy Blankstein and Jimmy Goodman of Boulder represented both parties in the

Acquisitions, Michigan, Midwest, Retail

Motor City Floors and Coatings Purchases 8,180 SF Headquarters Building in Suburban Detroit

NOVI, MICH. — Motor City Floors and Coatings has purchased a new 8,180-square-foot building on Grand River Avenue in Novi that will serve as the company’s headquarters. The company, which specializes in concrete coatings for residential, commercial and industrial uses, is relocating from Commerce Township. Michael Murphy of Gerdom Realty & Investments represented Motor City. Jim Montgomery of Signature Associates represented the seller. The sales price and seller were

Acquisitions, Industrial, Michigan, Midwest, Office

Colliers Arranges Sale of 648,960 SF Samsung Distribution Center in Romeoville, Illinois

ROMEOVILLE, ILL. — Colliers International has arranged the sale of a 648,960-square-foot distribution center occupied by Samsung in Romeoville. The Class A facility is located within Pinnacle Business Center, just south of the full interchange at I-55 and Weber Road. Samsung has occupied the building since 2012 and uses the facility as its primary Chicago-area distribution center for all appliance lines. Samsung recently renewed its lease. Jeff Devine and Steve Disse of Colliers represented …

Acquisitions, Illinois, Industrial, Midwest

Partnership Buys Hickory Point Mall in Forsyth, Illinois

FORSYTH, ILL. — A New York-based partnership between Mason Asset Management, Namdar Realty Group and CH Capital Group has acquired Hickory Point Mall in Forsyth, about 45 miles east of Springfield. The 826,347-square-foot mall opened in 1978. Anchor tenants include Kohl’s, Von Maur, TJ Maxx, Hobby Lobby, Ulta Beauty and Ross Dress for Less. Eastdil brokered the transaction. CBL & Associates was the seller, according to local media reports. Elliot Nassim, president of Mason Asset …

Acquisitions, Illinois, Midwest, Retail
Content Partners
Lee & Associates
RED Mortgage Capital
Walker & Dunlop

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