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.
DES MOINES, IOWA — CBRE has arranged the sale of Cityville on 9th, a 312-unit apartment complex in Des Moines. The sales price was undisclosed. The property is located at 550 SW 9th St. near Principal Park, Gray’s Lake and the historic Court District. Built in 2015 to 2018, the apartment community features a range of studio, one-, two- and three-bedroom units along with 48,000 square feet of commercial space. Amenities include an outdoor pool and sundeck, fitness center, outdoor fire pit, theater room, business center, dog park, coffee bar and heated parking. Cy Fox, Ray Hamilton and Matt Bukshstaber of CBRE represented the undisclosed seller. ARTISAN Capital Group and Eastham Capital were the buyers.
CREVE COEUR, MO. — Brinkmann Constructors has completed an 87,000-square-foot headquarters for First Bank in Creve Coeur, a suburb of St. Louis. The four-story building features multiple outdoor workspaces and a multipurpose “innovation hub” for team collaboration and social events. In addition to the headquarters building, the project includes a two-story, 82,000-square-foot parking garage for employee and visitor use.
SCHAUMBURG, ILL. — Matthews Real Estate Investment Services has brokered the $7.8 million sale of a cannabis dispensary occupied by Enlightened Dispensary in the Chicago suburb of Schaumburg. Located at 820 E. Golf Road, the property features a gross leasable area of 9,296 square feet. Enlightened Dispensary, a corporate-backed, multi-state cannabis operator, has 12 years remaining on its lease with two additional five-year options. Alexander Machado, Daniel Gonzalez, Robert Goldberg and Ben Snyder of Matthews brokered the sale. Buyer and seller information was not provided.