Wednesday, January 14, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Midwest

Leasing ActivityMidwestMinnesotaOffice

SPS Commerce Renews 200,000 SF Office Lease in Downtown Minneapolis

by Kristin Harlow

MINNEAPOLIS — SPS Commerce has renewed its 200,000-square-foot office lease for its corporate headquarters at SPS Tower in downtown Minneapolis. The namesake tenant has occupied space at the property, owned by Sumitomo Corp. of Americas, for 20 years. SPS Commerce’s project partners include Rokos Advisors, Greiner Construction and Gensler, which will shape the office design. Rokos represented the company in evaluating its office space. Transwestern handles management and leasing for SPS Tower, which totals 655,070 square feet. Occupancy exceeds 75 percent. Transwestern, in collaboration with Mission Construction and Studio BV, completed $8 million in updates in 2024 and 2025 that included creating two spec suite floors and an adjoining two-story tenant lounge, renovating the first-floor lobby and adding FRGMNT Coffee. The Turf Club, the largest lawn in downtown Minneapolis, includes a 6,000-square-foot, seven-hole putting green and bocce courts.

Continue Reading
FacebookTwitterLinkedinEmail
Build-to-RentLoansMidwestSingle-Family RentalWisconsin

BWE Secures $33.6M in Financing for Build-to-Rent Community in Oak Creek, Wisconsin

by Kristin Harlow

OAK CREEK, WIS. — BWE has secured $33.6 million in permanent financing for Heyday Oak Creek, a 130-unit build-to-rent community in the Milwaukee suburb of Oak Creek. Dan Rosenberg, Tim Caffrey and Logan Petersmeyer of BWE arranged the Fannie Mae loan on behalf of Heyday, a Chicago-based developer specializing in build-to-rent communities. The financing paid off the construction loan and closed immediately upon the conclusion of the property’s initial lease-up. The recently built property includes 22 ranch-style buildings with a mix of one-, two- and three-bedroom homes.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialMidwestNebraska

Timpte Opens $28M Manufacturing Facility in Lincoln, Nebraska

by Kristin Harlow

LINCOLN, NEB. — Timpte Inc., which designs and builds trailers, has launched operations at its new facility in Lincoln that will produce and ship agricultural equipment nationwide. The project represents a $28 million investment, bolstered by an additional $7 million allocated to manufacturing technologies and equipment. Timpte moved its Lincoln operations from 3400 W. O St. to the larger facility, which totals 190,000 square feet. The new location houses Thunderstone Manufacturing LLC operations, equipment trailer product lines and serves as the company’s national parts distribution center. The new facility will produce between 8,000 and 10,000 grain trailer tarps each year. Timpte has added about 20 employees at the Lincoln site and expects to employ more than 100 people there in the next few years. The project sits on more than 1 million square feet of land, allowing for future expansion.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRetail

Edgemark Acquires 160,330 SF Shopping Center in Hillside, Illinois

by Kristin Harlow

HILLSIDE, ILL. — Edgemark has acquired Hillside Town Center, a 160,330-square-foot shopping center in the Chicago suburb of Hillside. Built in 2009, the property is located at the intersection of I-290 and Mannheim Road and was 99 percent occupied at the time of sale. Some of the tenants include HomeGoods, Ross Dress for Less and Petco. Michael Nieder and Brian Page of JLL represented the seller, Hutensky Capital Partners.

Continue Reading
FacebookTwitterLinkedinEmail
HealthcareIndustrialLeasing ActivityMidwestMinnesota

CBRE Negotiates Industrial Lease Renewal, Expansion for Sonex Health in Eagan, Minnesota

by Kristin Harlow

EAGAN, MINN. — CBRE has negotiated a lease renewal and expansion for Sonex Health at Grand Oak IV, a 43,200-square-foot industrial property in the Minneapolis suburb of Eagan. The company is expanding its footprint from 20,000 to 31,000 square feet. CBRE’s Mike Bowen and Matt Oelschlager represented the tenant, which is an Eagan-based medical device company founded in 2014 by two former Mayo Clinic physicians.

Continue Reading
FacebookTwitterLinkedinEmail
KansasMarket ReportsMidwestMidwest Market ReportsMissouriRetail

Mixed-Use Projects, Big Box Vacancies Provide Opportunities in Kansas City Retail

by Kristin Harlow

By Lindy Beyer and Matt Rau, CBRE Kansas City is a special place. We have long been known for our renowned barbecue, jazz and most recently, as the city where Taylor Swift’s fiancé works. Retail is at the core of our city, attracting visitors from all over the world to experience our city’s welcoming and rich culture.  As the metro area has grown, so has the retail market. We are currently experiencing a period of robust growth, fueled by a combination of strong suburban demand, exciting new mixed-use developments and the appeal of big box vacancies. Sports have been an additional driver as the city continues to invest in its athletic and entertainment offerings. These venues attract large crowds — generating foot traffic and boosting sales for nearby retailers.  Retail occupancy rates in Kansas City have increased from 93 percent to 95.1 percent in the last five years, showing the strong overall demand in the market. This is especially notable as there have been over 2.6 million square feet of new retail space delivered over that same time frame, with a large portion contained in mixed-use developments.  Overall growth in the Kansas City submarkets has triggered a higher demand for …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentLoansMidwestNebraskaRetail

WarHorse Gaming Receives $300M in Financing for Casino Construction Projects in Nebraska

by Kristin Harlow

NEBRASKA — Casino operator WarHorse Gaming LLC has secured refinancing of $300 million in startup loans for a five-year deal that will launch the next phase of casino expansions and construction of a new casino in Nebraska. U.S. Bank organized the deal, which includes Capital One, KeyBank, The Huntington National Bank, BOK Financial and Comerica Bank. WarHorse is expanding its casinos at horse racetracks in Omaha and Lincoln. The $70 million expansion of the Lincoln casino will include larger gaming areas for machines, more table games, a new steakhouse and a high-end sports bar. The Omaha expansion was completed in April. New construction of a third casino in South Sioux City is scheduled to begin next summer.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMissouriMultifamily

Albion Residential Breaks Ground on 182-Unit Apartment Complex in Des Peres, Missouri

by Kristin Harlow

DES PERES, MO. — Albion Residential, along with partners Koplar Properties and Theis Group, have broken ground on Magnolia Ridge in Des Peres, a western suburb of St. Louis. The five-story, 182-unit apartment complex will feature a fitness center with sauna and yoga room, a private dining room, game lounge, resident speakeasy, dog wash, outdoor pool, golf simulator and resident mini mart. Brinkmann Constructors is the general contractor, and Old National Bank provided construction financing. Completion is slated for spring 2027.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMissouriMultifamily

Berkadia Arranges $15.4M Loan for Refinancing of Multifamily Community in Suburban St. Louis

by Kristin Harlow

ST. PETERS, MO. — Berkadia has arranged a $15.4 million Freddie Mac loan for the refinancing of Pure St. Peters, a 143-unit multifamily community in the northwest St. Louis suburb of St. Peters. Charles Foschini, Christopher Apone and Shannon Wilson of Berkadia arranged the financing on behalf of the borrower, Tilden Legacy Pure St. Peters Apartments LLC. The loan features a five-year term and a fixed interest rate. The property was 94 percent occupied at the time of the loan closing. The three-story community was built in 2019. Amenities include a pool with sundeck, fitness center, package receiving area, business center and outdoor lounge.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMichiganMidwestRetail

SRS Real Estate Negotiates $7.6M Sale of Shops of Edelweiss Village in Gaylord, Michigan

by Kristin Harlow

GAYLORD, MICH. — SRS Real Estate Partners has negotiated the $7.6 million sale of Shops at Edelweiss Village, a 51,857-square-foot shopping center located at 859 Edelweiss Village Parkway in Gaylord, a city in northern Michigan. Built in 2004 and situated on nearly 13 acres, the property is 78 percent occupied and was sold as a value-add opportunity. Dollar Tree is the anchor tenant. Additional tenants include Pet Supplies Plus, Kay Jewelers, AT&T and Sally Beauty. Matthew Mousavi and Patrick Luther of SRS represented the seller, a Michigan-based family partnership. Kevin Jappaya, David Jappaya and Preston Rabban of KJ Commercial Real Estate Advisors represented the buyer, a Michigan-based group of private investors and owners of retail centers throughout the state.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts