REBusinessOnline

Timber Development Acquires 12,000 SF Retail Property in Winchester, Indiana

WINCHESTER, IND. — Timber Development has acquired a 12,000-square-foot retail property shadow-anchored by Walmart in Winchester, which is located in East Central Indiana. The purchase price and seller were not disclosed. The property was 40 percent leased at the time of sale. Tenants include Kubachi Japanese & Hibachi restaurant, Mimi Nails and

Acquisitions, Indiana, Midwest, Retail

McCarthy Completes $86M Omaha VA Ambulatory Center in Nebraska

OMAHA, NEB. — McCarthy Building Cos. has completed construction of the Omaha VA Ambulatory Care Center, an $86 million, 157,000-square-foot outpatient facility for veterans.The property includes seven primary-care units, an outpatient surgery suite and a specialty medicine unit allowing 400 additional patients to visit the clinic each day, as well as a dedicated women’s health clinic area. The new facility, which is connected to the existing 12-story VA Medical Campus, will open to …

Development, Healthcare, Midwest, Nebraska, Office, Top Stories

Pandemic Shines Light on Lack of Cold Storage Space

By Brian Niven As we begin to reopen most parts of our society following the COVID-19 pandemic that devastated our country and economy earlier this year, many in the commercial real estate industry are beginning to take stock of the massive shifts it may have put into motion. While the pandemic has decimated many sectors — shuttering retail shops, leaving offices empty and setting off an exodus of urban apartment dwellers — prospects for industrial properties have remained strong. Demand …

Illinois, Industrial, Market Reports, Midwest, Midwest Market Reports

Phase II Development of Mixed-Use Project Surrounding Pro Football Hall of Fame in Canton, Ohio Expected to Begin This Year

CANTON, OHIO — Hall of Fame Resort & Entertainment Co. (NASDAQ: HOFV) is working with multiple financial partners to obtain funding to move forward with Phase II of a massive mixed-use project surrounding the Pro Football Hall of Fame in Canton. The project is named the Hall of Fame Village Powered by Johnson Controls. Phase I included the construction of the Tom Benson Hall of Fame Stadium and the National Youth Football and Sports Complex. The stadium was dedicated in 2017.The …

Development, Midwest, Mixed-Use, Ohio

Gardner Capital Completes Development of 50-Unit Affordable Seniors Housing Community in Cincinnati

CINCINNATI — Gardner Capital has completed development of Roselawn Gardens, a 50-unit affordable seniors housing community in Cincinnati. Eligible residents must earn 30 to 60 percent of the area median income. The unit mix features 11 one-bedroom apartments and 39 two-bedroom apartments. Amenities include meal service, a media room, health and wellness clinic, community room and public transportation. Project partners include the Cincinnati Metropolitan Housing Authority and the Ohio Housing …

Development, Midwest, Multifamily, Ohio, Seniors Housing

Opus Begins Construction of 157,500 SF Spec Industrial Building Near Indianapolis, Secures Tenant

NOBLESVILLE, IND. — The Opus Group has begun construction of a mid-size last mile distribution center in Noblesville, about 25 miles north of Indianapolis. The 157,500-square-foot speculative building is located on Bergen Boulevard within the Saxony Corporate Campus. CentraSep Technologies, a Trucent company specializing in centrifuges and filtration systems, has signed a lease to occupy 44,000 square feet at the building. Plans call for three front entrances, 159 auto parking stalls, 18 …

Development, Indiana, Industrial, Midwest

Hanley Investment Group Arranges $3.4M Sale of Two-Tenant Retail Building in Metro Twin Cities

FOREST LAKE, MINN. — Hanley Investment Group Real Estate Advisors has arranged the sale of a new two-tenant retail building in Forest Lake within metro Twin Cities for $3.4 million. The 6,812-square-foot property is home to Chipotle and Southwest Dental Care, which is part of the Heartland Dental network. Jeff Lefko and Bill Asher of Hanley represented the seller, Glenborough LLC, a California-based private real estate investment management company. Deborah Vannelli of Upland Real Estate …

Acquisitions, Midwest, Minnesota, Retail

Captain D’s Opens First Central Illinois Restaurant in Champaign

CHAMPAIGN, ILL. — Captain D’s newest franchise location has opened in Champaign. Located at 1409 N. Prospect Ave., the restaurant marks Captain D’s first restaurant in central Illinois and seventh overall in the state. The Champaign restaurant is currently open for drive-thru and carryout. The dining room will remain closed for the immediate future due to COVID-19. Sunil Modi owns the Champaign restaurant. He previously owned Dunkin’ restaurants in the Champaign area. Captain D’s, …

Development, Illinois, Midwest, Restaurant, Retail

Englewood Construction Completes Cannabis Dispensary in Chicago

CHICAGO — Englewood Construction has completed a new Windy City Cannabis-branded dispensary at 923 W. Weed St. in Chicago. The facility is the second recreational dispensary within Chicago’s city limits since Illinois legalized recreational marijuana on Jan. 1. Des Plaines, Ill.-based Camburas & Theodore Ltd. served as architect. Englewood has started work on a second Windy City Cannabis location at 1413 W. North Ave. in Melrose Park, a western suburb of Chicago. The dispensary is …

Development, Illinois, Midwest, Retail

Hunt Midwest Unveils Promotions, New Hires to Support Volume of Industrial Projects

KANSAS CITY, MO. — Kansas City-based developer Hunt Midwest has promoted two members of its management team and hired three new employees. The move is in effort “to support the volume of development projects underway and in the pipeline,” according to a release from the company. Earlier this year, Hunt Midwest completed construction of 400,000 square feet of speculative Class A industrial space at SubTropolis, the world’s largest underground business complex. The addition brought the …

Industrial, Midwest, Missouri
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