Midwest

SomeraRoad Welcomes Second Tenant at Summit52 Office Development in Overland Park, Kansas

by Kristin Harlow April 17, 2023

OVERLAND PARK, KAN. — SomeraRoad Inc. has welcomed the second tenant at Summit52, the recently renovated 300,000-square-foot office building in Overland Park that formerly served as the headquarters of Swiss Re. Blue Chair LLC and its affiliated companies will occupy 21,000 square feet on the third floor of the south building. Blue Chair, a management and holding company for Gragg Advertising, Lever 1 and IntegriShield, plans to move into its new space in the second quarter. Existing tenant IAC signed a lease for 60,000 square feet last year. Evan Warwick of Colliers represented Blue Chair in the lease. Ross Simpson and RC Jensen of Colliers represented SomeraRoad, which acquired the property in summer 2020.

April 17, 2023

Acquisitions Healthcare Illinois Midwest

Echo Real Estate Capital Acquires 7,550 SF Medical Office Building in Morton Grove, Illinois

by Kristin Harlow April 17, 2023

MORTON GROVE, ILL. — Echo Real Estate Capital has acquired a 7,550-square-foot medical office building located at 6131 W. Dempster St. in the Chicago suburb of Morton Grove. The purchase price and seller were undisclosed. The single-tenant property is leased to Advocate Health Care. The facility is staffed by a mix of primary care physicians and one cardiologist that have operated out of the building for more than 20 years.

April 17, 2023

Healthcare Leasing Activity Michigan Midwest

Devoted Dental Group Inks 5,500 SF Lease in Highland Charter Township, Michigan

by Kristin Harlow April 17, 2023

HIGHLAND TOWNSHIP, MICH. — Devoted Dental Group has signed a new five-year lease for 5,500 square feet at 2287 S. Milford Road in Highland Township, a northwest suburb of Detroit. James Mitchell of Dominion Real Estate Advisors LLC represented both the tenant and the undisclosed landlord in the lease.

April 17, 2023

Acquisitions Illinois Industrial Midwest

Cawley Chicago Negotiates Sale of 129,800 SF Industrial Facility in Woodstock, Illinois

by Kristin Harlow April 14, 2023

WOODSTOCK, ILL. — Cawley Chicago has negotiated the sale of a 129,800-square-foot industrial facility at 1005 Courtaulds Drive in Woodstock, about 45 miles northwest of Chicago. The sales price was undisclosed. Built in 1995, the property features rail access and has undergone production and manufacturing improvements. David Conroy, Joe Shapiro and Tim Gallagher of Cawley Chicago represented the buyer, while Kenneth Franzese and John Cassidy of Lee & Associates represented the seller. Further terms of the transaction were not provided.

April 14, 2023

Leasing Activity Midwest Missouri Office

AesthetiCare Med Spa Opens New 20,000 SF Headquarters in Kansas City

by Kristin Harlow April 14, 2023

KANSAS CITY, MO. — AesthetiCare Med Spa has opened its new headquarters at 9225 Ward Parkway in Kansas City. The new space totals roughly 20,000 square feet and combines three of the company’s offerings into one location. AesthetiCare also owns MINT Aesthetics, a national training center for Botox, dermal fillers, laser treatments and general aesthetics. Jeff Winters of Colliers represented AesthetiCare in its site selection, acquisition and tenant build-out. AesthetiCare employs a staff of 22 registered nurses and aestheticians, making it the largest med spa in metro Kansas City.

April 14, 2023

Acquisitions Kansas Midwest Retail

Marcus & Millichap Brokers $6.5M Sale of Retail Property in Hutchinson, Kansas

by Kristin Harlow April 14, 2023

HUTCHINSON, KAN. — Marcus & Millichap has brokered the $6.5 million sale of an 87,119-square-foot retail property in Hutchinson, about 50 miles northwest of Wichita. The building at 1500 E. 11th St. is home to Hobby Lobby and Bomgaars. Mark Ruble and Chris Lind of Marcus & Millichap represented the seller, a limited liability company. Buyer information was not provided.

April 14, 2023

Leasing Activity Michigan Midwest Retail

Kids Empire Leases Former Office Max Space in Farmington Hills, Michigan

by Kristin Harlow April 14, 2023

FARMINGTON HILLS, MICH. — Kids Empire has signed a 21,430-square-foot retail lease to backfill the former Office Max space at West River Shopping Center in Farmington Hills. The property is situated at the corner of Grand River Avenue and 9 Mile Road. Additional tenants include Target, The Riviera Cinema, Edge Fitness and Five Below. Michael Murphy and Bill McLeod of Gerdom Realty & Investment represented the landlord, Shango Properties. Kids Empire, which offers indoor playgrounds, climbing walls, games and birthday parties, operates more than 40 locations across the U.S.

April 14, 2023

Acquisitions Michigan Midwest Retail

Three-Property Car Wash Portfolio Trades Hands in Michigan

by Kristin Harlow April 14, 2023

FENTON AND HOWELL, MICH. — A three-property car wash portfolio in Michigan has traded hands for an undisclosed price. The portfolio includes a Lake Effect Auto Wash in Fenton, a Lake Effect Auto Wash in Howell and a Classic Auto Wash in Howell. Garrett Monroe of Calder Capital provided merger and acquisition services on behalf of the seller, Fenton-based The Mechigian Auto Washes. Troy-based Ace Auto Wash was the buyer.

April 14, 2023

Acquisitions Illinois Midwest Retail

RCG Ventures Acquires Bradley Commons Shopping Center in Bradley, Illinois

by Kristin Harlow April 13, 2023

BRADLEY, ILL. — RCG Ventures has acquired Bradley Commons shopping center in Bradley near Kankakee for an undisclosed price. The 175,369-square-foot property is home to Dick’s Sporting Goods, Joann Fabrics, Petco, Shoe Carnival and Ulta Beauty. Joe Girardi and Rick Drogosz of Mid-America Real Estate Corp. represented the undisclosed seller. Jeff Miller represented RCG on an internal basis. RCG’s portfolio totals 32 shopping centers and 4 million square feet across 21 states.

April 13, 2023

Development Hospitality Illinois Midwest

Summit Design + Build Completes Adaptive Reuse of Chicago Industrial Building into Boutique Hotel

by Kristin Harlow April 13, 2023

CHICAGO — Summit Design + Build has completed the adaptive reuse of a five-story industrial building in Chicago’s West Loop into a boutique, extended-stay hotel. Located at 1436 Randolph St., the property features 49 apartment-style rooms. All the rooms are fully equipped with kitchens and in-suite laundry. Guests have access to a fitness center and the ground floor contains both retail and restaurant space. Marquette Cos. was the developer and Brininstool + Lynch served as architect.

April 13, 2023

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