Saturday, February 7, 2026
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Midwest

IllinoisLeasing ActivityMidwestOffice

R.M. Chin & Associates Signs 15,473 SF Office Lease in Chicago

by Kristin Harlow

CHICAGO — R.M. Chin & Associates has signed a 15,473-square-foot office lease at the newly renovated Canal Station building at 801 S. Canal St. in Chicago. The tenant represents clients in the aviation, buildings and transportation environments with program management, project management, construction management, and design and public involvement services. The lease marks the first at the property. Bill Sheehy and Brady Wolfe of CBRE represented the tenant, while Jeff Dowdell and Matt Whipple of Telos represented ownership, 601W. Purchased in 2019 by 601W, the former Northern Trust building began undergoing redevelopment in 2021. The six-story, 680,000-square-foot property features new windows; a new hospitality-focused amenity center with a fitness center, tenant lounge and 8,000-square-foot terrace; and a grand entrance and lobby with a four-story media wall. Gardner Builders was the general contractor, and Solomon Cordwell Buenz was the architect.

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AcquisitionsIllinoisMidwestRestaurantRetail

SVN Chicago Commercial Brokers $3M Sale of Restaurant Property in Warrenville, Illinois

by Kristin Harlow

WARRENVILLE, ILL. — SVN Chicago Commercial has brokered the $3 million sale of an 11,916-square-foot restaurant property in the Chicago suburb of Warrenville. The two-building asset is located at 28258 Diehl Road. Ronald Weissenhofer of SVN represented the buyer, the owner of Simply South Indian Cuisine. The transaction marks the first Midwest location for Simply South Indian Cuisine, which plans to expand across the country. The seller was undisclosed.

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DevelopmentHospitalityIllinoisMidwest

McHugh Construction Completes Renovation of L7 Chicago Hotel

by Kristin Harlow

CHICAGO — McHugh Construction has completed a multimillion-dollar renovation of a 191-room, 14-story hotel in Chicago. The property opened in June as L7 Chicago and marks the first L7-branded property in North America from South Korea-based Lotte Hotels & Resorts. McHugh also completed the build-out of Perilla Korean American Steakhouse, the hotel’s anchor restaurant on the ground floor, as well as a new lobby. In late August 2023, McHugh began demolition of the restaurant and lobby of the former Kimpton Hotel Monaco at 225 N. Wabash Ave. and erected temporary walls so that the hotel remained in operation throughout the renovation. McHugh started renovating the top floor in November and worked its way down one floor at a time. The project included new carpet, wall coverings, finishes and furniture for hotel rooms, suites and corridors; reupholstered window seats in each room; and new tiles on the wall alongside each guest room door.  The project team included interior designer AvroKo and Grec Architects. Located steps from the Chicago Riverwalk and the Magnificent Mile, the building was originally constructed in 1912 and served as a hat factory and headquarters of D.B. Fisk Co., the largest wholesale millinery in the country until 1932. …

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DevelopmentIllinoisMidwestMultifamily

Ryan Cos. Opens 200-Unit Vyne on Haven Luxury Apartment Community in Suburban Chicago

by Kristin Harlow

ELMHURST, ILL. — Ryan Cos. US Inc. has opened Vyne on Haven, a 200-unit luxury apartment community in the western Chicago suburb of Elmhurst. Located at 100 N. Haven Road, the property is steps away from the Elmhurst Metra station. Monthly rents start at $1,800 for studios. Some of the large penthouse units rent for more than $5,000 per month. Amenities include an outdoor entertainment deck with a pool, cabanas, dining areas, grilling stations and firepits; a secondary tranquil outdoor deck known as the Zen Garden; a fitness center with Peloton bikes and a separate training studio; a clubroom with indoor-outdoor connectivity with the pool deck; and a sky lounge with fireplace, resident games and private dining area. Ryan A+E Inc., the design studio of Ryan, was the architect. MetLife Investment Management and Ryan are the owners of the property. Ryan served as developer and design-builder. Greystar is the operating partner.

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IndustrialIowaLeasing ActivityMidwest

Covetrus Signs 80,000 SF Industrial Lease in Grimes, Iowa

by Kristin Harlow

GRIMES, IOWA — Covetrus has signed a lease to relocate its operations to an 80,000-square-foot distribution center at Prairie Business Park in Grimes, a northwest suburb of Des Moines. The animal health technology and services company is expanding its footprint by 27,000 square feet. From its new location, Covetrus will serve veterinarians and their practices across several states. Austin Barrett of Savills represented Covetrus. R&R Realty Group owns the property.

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AcquisitionsMidwestMinnesotaMultifamily

CBRE Arranges Sale of 204-Unit Creekside Apartments in Plymouth, Minnesota

by Kristin Harlow

PLYMOUTH, MINN. — CBRE has arranged the sale of Creekside Apartments, a 204-unit multifamily property in the western Minneapolis suburb of Plymouth. Heartland Realty Investors Inc. purchased the community from Creekside Apartment Homes LLP for an undisclosed amount. CBRE’s Keith Collins, Ted Abramson and Abe Appert represented the seller. Built in 2000, Creekside Apartments underwent significant unit and common area improvements over the past four years. Units average 986 square feet. Amenities include a community room, mezzanine workspaces, a fitness center, virtual bike studio, outdoor grilling areas and underground parking.

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DevelopmentIllinoisMidwestRetail

Cannabis Facility Construction Completes Two Dispensaries for Nature’s Grace and Wellness in Metro Chicago

by Kristin Harlow

CHICAGO AND NILES, ILL. — Cannabis Facility Construction (CFC) has completed two Bud & Rita’s-branded dispensaries in metro Chicago. Nature’s Grace and Wellness, a family-owned and operated Illinois cannabis firm, pursued an operational partnership approach for both locations. The company partnered with Illinois Cannabis Co. for the property at 5960 W. Touhy Ave. in Niles and Green & Randle for the dispensary at 3425 W. Belmont Ave. in Chicago’s Avondale neighborhood. The design of both facilities draws inspiration from 1950s diners. Half of the 6,000-square-foot Avondale location is designated as open space for hosting community event. The Niles location is larger at 7,600 square feet. In addition to Eastlake Architects, the project team included Boulder for engineering work, Quick Electric for security and IT, Bataglia and Parkside for electrical installations, Dunaway for carpentry, Tim’s Glass for the installation of storefront glass and Right Way Signs for the exterior and interior signage as well as painted murals.

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Affordable HousingDevelopmentKansasLoansMidwestMultifamilyWalker & Dunlop

Walker & Dunlop Arranges $29.6M in LIHTC Equity for Affordable Housing Project in Lenexa, Kansas

by Kristin Harlow

LENEXA, KAN. — Walker & Dunlop Inc. has arranged $29.6 million in federal Low-Income Housing Tax Credit (LIHTC) equity for the financing of Canyon Creek East, an affordable housing project in Lenexa. The development will include 212 units across five buildings. Jennifer Erixon led the Walker & Dunlop team that arranged the LIHTC equity, which will finance approximately 40 percent of the total development costs, on behalf of MRE Capital. Canyon Creek East is part of the larger Cedar Canyon West development plan, which encompasses a mix of residential, commercial and recreational facilities. MRE’s development will provide units for households earning between 30 and 80 percent of the area median income.  

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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Brokers $5M Sale of Multifamily Property in Chicago’s Uptown Neighborhood

by Kristin Harlow

CHICAGO — Interra Realty has brokered the sale of a 30-unit multifamily property in Chicago’s Uptown neighborhood for $5 million. Built in 1927 and renovated in 2014, the asset at 5051 N. Kenmore Ave. was fully leased at the time of sale. Joe Smazal of Interra represented the buyer, East Superior Real Estate Partners, and the seller, an East Coast-based investment company. The buyer assumed the property’s existing mortgage, which carries an interest rate below current market levels.

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AcquisitionsMidwestNAIOfficeWisconsin

NAI Pfefferle Negotiates Sale of 31,225 SF Office Building in Greenville, Wisconsin

by Kristin Harlow

GREENVILLE, WIS. — NAI Pfefferle has negotiated the sale of a 31,225-square-foot office building in Greenville, about 35 miles southwest of Green Bay. The sales price was undisclosed, but the asking price was $1.9 million. Amy Oelhafen of NAI Pfefferle brokered the sale of the property, which is located on Aerotech Drive.

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