NEW CENTURY, KAN. — CJ Logistics America, a supply chain and technology company, has unveiled plans to build a new cold storage warehouse in New Century, about 30 miles outside of Kansas City. Developed in a joint venture with Yukon Real Estate Partners and BGO, the rail-served project will consist of a 291,000-square-foot warehouse with refrigeration. Completion is slated for the third quarter of 2025. The new warehouse will be attached to Upfield’s production plant through an above-ground conveyor bridge being constructed by Upfield, which is a plant-based food company that produces brands such as Country Crock, I Can’t Believe It’s Not Butter and Imperial. There will be 100,000 square feet available at the project for other tenants.
ROMEOVILLE, ILL. — The PMAT Cos. has acquired the Shops of Romeoville, an 82,660-square-foot retail center in the Chicago suburb of Romeoville. The purchase price was undisclosed. Tenants include TJ Maxx, Petco and Discovery Clothing. The lender-owned property had significant remaining instability and was 65 percent occupied with several month-to-month and short-term leases at the time of acquisition, according to PMAT. Within months of closing, PMAT renewed existing anchor tenancy and executed a new long-term lease with Ross Dress for Less. PMAT also worked with the Village of Romeoville to structure incentives to attract the right tenant mix for the remaining gaps. PMAT plans to reinvest in the site in conjunction with the village and to work with the existing retailers to achieve long-term commitments while bringing in new tenants.
CANTON, MICH. — Bernard Financial Group (BFG) has arranged a $5 million loan for the acquisition of a 61,148-square-foot industrial property in Canton, a western suburb of Detroit. Dan Duggan of BFG arranged the loan on behalf of the borrower, 55111 Grand River Partners LLC. StanCorp Life Insurance Co. provided the loan.
DETROIT — Detroit City Football Club (FC) has acquired the site of the former Southwest Detroit Hospital at the corner of Michigan Avenue and 20th Street for an undisclosed price. The organization plans to build a new stadium that will serve as the permanent home for soccer in Detroit, with a goal of opening a new soccer-specific stadium by the club’s 2027 season. Southwest Detroit Hospital opened in 1973 as the first Detroit hospital to hire and accredit African American doctors and nurses. The hospital existed for 17 years before closing in 1991 and declaring bankruptcy. The building has been abandoned for 18 years. Detroit City FC games are currently played at Keyworth Stadium in Hamtramck, about five miles north of downtown Detroit. The club will reveal more details around the stadium vision and programming after further consultation with city officials, local residents and long-time fans. A public engagement process is anticipated to kick off later this year.
CHICAGO — CBRE has arranged the sale of the Hotel Versey, a 137-room property located at 644 W. Diversey Parkway in Chicago. The sales price was undisclosed. Constructed and opened in 1925, the hotel is situated near the Lincoln Park Zoo, Lake Michigan beaches and Wrigley Field. The four-story property was recently renovated. Nate Sahn, James Foxx, Nicholas Endre, Marcello Campanini and Adam Foret of CBRE represented the seller, Lincoln Park Hotel PropCo LLC. The buyer was an entity doing business as REIT 644 LLC.
ST. PETERS, MO. — Contegra Construction has completed the first building at the $129 million Lakeside Logistics Center in St. Peters, a northwest suburb of St. Louis. NorthPoint Development is the developer. Located at 16000 Spencer Road, the 490,000-square-foot distribution center features a clear height of 36 feet, 51 dock doors, seven drive-in doors, office spaces and parking for 490 cars and 134 trailers. David Branding of JLL is handling the leasing. At full build-out, Lakeside Logistics Center will feature up to five buildings totaling 1.6 million square feet.
KENOSHA, WIS. — The LeClaire-Schlosser Group of Marcus & Millichap has brokered the sale of a 90,900-square-foot self-storage facility in Kenosha for an undisclosed price. Managed by CubeSmart, the two-story property features 900 climate-controlled units. The facility includes two covered loading bay areas, a large leasing office, 24/7 video monitoring and alarm system. Adam Schlosser, Charles LeClaire and Jack Sullivan of Marcus & Millichap represented the seller, Macritchie Group. Matthew Tice represented the buyer, Inland Real Estate Acquisitions LLC, on an internal basis.
OVERLAND PARK, KAN. — Sierra, an off-price active and outdoor apparel retailer, has opened a 19,374-square-foot store at The Marketplace within Bluhawk, a 277-acre mixed-use development in the Kansas City suburb of Overland Park. Sierra is part of the TJ Maxx, Marshalls and HomeGoods family. Additional recent store openings at the property include Ulta (9,962 square feet), Bath & Body Works (4,651 square feet) and Rack Room Shoes (5,838 square feet). This summer, OHM Fitness will open a 2,106-square-foot studio. Price Brothers is the developer of Bluhawk and AdventHealth Sports Park.
MILWAUKEE — General contractor Gilbane | Smith has completed a $456 million expansion of the Baird Center in Milwaukee. Originally opened in 1998, the Baird Center is the largest convention center in the state of Wisconsin. Gilbane | Smith completed the project on behalf of Wisconsin Center District, which owns and operates the center. Project partners and city officials celebrated the grand opening Thursday, May 16, with a ribbon-cutting ceremony. Spanning two blocks, the expansion brings the facility to 1.3 million square feet, doubling the original size of the property. The expansion features a new grand entrance oriented toward the Deer District mixed-use development and extends the exhibition hall, bringing the latter to 300,000 square feet. Additionally, the redevelopment increases the number of meeting rooms from 28 to 52, adds more than 400 enclosed parking spaces and brings the number of loading docks to 22 from the original 16. The project also included the addition of all-gender restrooms, dedicated quiet rooms, lactation spaces, sensory rooms and a rooftop ballroom and terrace. Design firm Henderson Engineers, a division of Henderson Cos., served as the engineer of record on the project, providing audio-video, electrical, energy modeling, fire and life safety, mechanical, plumbing, technology …
GENEVA, ILL. — Lamar Cos., in conjunction with Real Capital Solutions, has acquired Geneva Commons, a 440,370-square-foot open-air shopping center in the western Chicago suburb of Geneva. The purchase price and seller were undisclosed. Dick’s Sporting Goods and Barnes & Noble are the anchor tenants, while The Fresh Market, Binny’s, DSW and HomeGoods are shadow anchors. Additional tenants include Sephora, Athleta, Lovesac, Williams Sonoma, Pottery Barn, Bath & Body Works, J. Crew Factory and First Watch. Lamar plans to make some capital improvements to the property.