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Eli Lilly Plans $5.3B Expansion of Pharmaceutical Manufacturing Facility in Lebanon, Indiana

by Katie Sloan

LEBANON, IND. — Eli Lilly and Co. (NYSE: LLY) has released plans for a $5.3 billion expansion of its manufacturing facility in Lebanon, roughly 27 miles northwest of Indianapolis. The investment is the largest in U.S. history for active pharmaceutical ingredient manufacturing, according to the company.  Lilly began developing the Lebanon site, located within the LEAP Research and Innovation District, in 2023. The expansion will enhance the company’s capacity to manufacture active pharmaceutical ingredients for its Zepbound and Mounjaro injectables, which are both diabetes and weight loss drugs. Lilly’s total investment in the site is now $9 billion.  Upon full build-out, the facility will staff 900 full-time employees. The company expects to begin manufacturing at the property in 2026, with operations scaling up through 2028. The development will include the addition of a learning and training center built in conjunction with the State of Indiana, which will be utilized by the larger LEAP District. Lilly will also partner with the state on new infrastructural additions including roads, water, electricity and other utilities. Since 2020, Lilly has committed more than $16 billion to develop new manufacturing sites in the U.S. and Europe, with developments located in the Research Triangle of North …

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DevelopmentMidwestMissouriMultifamily

ARCO Construction Underway on $61M Apartment Complex in St. Louis

by Kristin Harlow

ST. LOUIS — ARCO Construction Co. is underway on The Rail, a 268-unit apartment complex in St. Louis. The 278,500-square-foot, four-story development will feature studio, one- and two-bedroom floor plans. Amenities will include a courtyard, pool, grilling area, game lounge, group fitness studio, gathering kitchen and three-story parking garage. Completion is slated for this fall. HDA was the architect for the $61 million project.

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AcquisitionsDevelopmentHealthcareMichiganMidwest

UM Health to Buy 11-Acre Site Near Lansing, Build New Healthcare Center

by Kristin Harlow

ONEIDA TOWNSHIP, MICH. — University of Michigan Health has unveiled plans to purchase an 11-acre site near Lansing for a new healthcare center. The purchase price is $2 million, and funding will be provided from U-M Health reserves. The site is at 5677 E. Saginaw Highway in Oneida Township and consists of a former CARite dealership. University of Michigan Health-Sparrow will operate the new ambulatory care center, which is expected to house both primary and specialty care offerings, including radiology and rehabilitation services. Further details regarding construction were not provided.

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DevelopmentIllinoisIndustrialMidwest

Peak Construction Breaks Ground on 203,257 SF Industrial Expansion for OCM in Grayslake, Illinois

by Kristin Harlow

GRAYSLAKE, ILL. — Peak Construction Corp. has broken ground on a 203,257-square-foot industrial expansion for OCM Inc. in Grayslake, about 40 miles north of downtown Chicago. Upon completion, OCM will occupy 337,208 square feet. The addition features a clear height of 30 feet, 10 dock doors, three drive-in doors and 115 car parking spaces. Completion is slated by the end of the year. Cornerstone Architects and Manhard Consulting make up the project team. OCM is a subsidiary of OKABE Co. Ltd., which was founded in 1917 in Japan as a full-service manufacturer and distributor of concrete construction supplies.

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DevelopmentMidwestMultifamilySeniors HousingSouth Dakota

GSI Opens 133-Unit Active Adult Community in Sioux Falls, South Dakota

by Kristin Harlow

SIOUX FALLS, S.D. — GSI has opened The Parkwood, a 133-unit active adult community in Sioux Falls near both the Iowa and Minnesota borders. GSI began preleasing units at The Parkwood in 2023. GSI and its stakeholder team serve as The Parkwood’s developer, property manager and co-owners in partnership with financial partners. GSI is an affiliate of Transforming Age, a national nonprofit organization serving older adults. Omaha-based Ronco Construction was the general contractor.

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CivicDevelopmentMidwestMinnesota

Kraus-Anderson Begins Renovation of Three Elementary Schools in Mankato, Minnesota

by Kristin Harlow

MANKATO, MINN. — Kraus-Anderson (KA) has broken ground on renovation projects for three elementary schools in Mankato, a city in southern Minnesota. The projects are part of a $105 million building bond passed by Mankato Area School District voters in November 2023. ISG is the project architect. Construction is slated for completion this fall. A $4 million renovation for Roosevelt Elementary will include an 8,132-square-foot addition to the front entry that expands the administrative offices; two new classrooms that will also serve as storm shelters; a new trash enclosure in the parking lot; and the renovation of four bathrooms. A $1.7 million project at Washington Elementary will feature a 4,262-square-foot addition with a new security vestibule; mechanical, electrical and plumbing improvements; and updates to the front office spaces. Bridges Elementary will undergo a $1.1 million renovation to include a 2,373-square-foot addition with a new security vestibule; mechanical, electrical and plumbing improvements; and updates to the front office spaces.

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Build-to-RentDevelopmentIllinoisMidwestSingle-Family Rental

Redwood to Open 140-Unit Build-to-Rent Community in Aurora, Illinois, This Summer

by Kristin Harlow

AURORA, ILL. — Redwood Living Inc. is nearing completion of Redwood Aurora, a 140-unit build-to-rent community in the Chicago suburb of Aurora. The single-story development will offer eight different floor plans ranging in size from 1,294 to 1,709 square feet. Each of the homes will feature two bedrooms, two bathrooms and a two-car garage. The property is located at 1241 Coffeeberry Lane near I-88. Monthly rents will start at $2,649. Redwood has developed more than 18,000 single-story apartment homes.

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IndustrialLeasing ActivityMidwestWisconsin

ERMCO Signs 158,000 SF Industrial Lease at Bristol Business Park in Wisconsin

by Kristin Harlow

BRISTOL, WIS. — ERMCO has signed a 158,000-square-foot industrial lease for 10 years at Bristol Business Park in the southeast Wisconsin city of Bristol. The Tennessee-based tenant manufactures electrical, technology and low voltage systems, and building automation and controls. Sean Kropke and Keith Puritz of Cushman & Wakefield represented ERMCO, while the brokerage firm’s Keith Puritz, Brett Kroner and Marc Sameuels represented the landlord, Illinois-based Janko Group. ERMCO will relocate from its current north suburban Chicago location to Bristol this summer. Bristol Business Park features nine buildings on 250 acres. ERMCO will be based in Building 4, which features a clear height of 32 feet, 30 expandable exterior dock doors, 215 parking spaces and 4,000 amps of power.

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AcquisitionsIllinoisMidwestRetail

First National Realty Partners Acquires 105,731 SF Townes Crossing Shopping Center in Oswego, Illinois

by Kristin Harlow

OSWEGO, ILL. — First National Realty Partners (FNRP) has acquired Townes Crossing, a 105,731-square-foot shopping center in the western Chicago suburb of Oswego. The purchase price was undisclosed. A 65,000-square-foot Jewel-Osco grocery store anchors the property and has been a tenant for over 30 years. Additional tenants include Phenix Salon Suites, Oswego Dental, The UPS Store and Subway. Evan Halkias of Cushman & Wakefield represented the undisclosed seller.

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Leasing ActivityMichiganMidwestOffice

Gensler Relocates Detroit Office to Capitol Park Neighborhood

by Kristin Harlow

DETROIT — Architecture firm Gensler has relocated its Detroit office from 150 W. Jefferson Ave. to 1265 Griswold St. in the city’s Capitol Park neighborhood. The 7,300-square-foot space is situated on the ground floor of the historic Bamlet Building, which is owned by Bedrock. The office offers a mix of spaces for focused work, teamwork and gathering; a resource library of sustainable design materials; and a 3D printing workshop.

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