Midwest

Michael P. Jakubiec Investment Real Estate Brokers Sales of Three Indiana Multifamily Properties

by Kristin Harlow January 26, 2026

INDIANA — Michael P. Jakubiec Investment Real Estate Inc. has brokered the sales of three multifamily properties in Indiana. All of the properties sold at list price within three days of each other. The 50-unit Bison Ridge Apartments in Nappanee sold for nearly $3.8 million, and the 24-unit Orchard Park Apartments in Wakarusa transacted for $1.3 million. Both were owned by the same entity and were acquired by the seller of the 48-unit Kensard Manor Apartments in Mishawaka, which sold for $3.8 million.

January 26, 2026

Acquisitions Midwest Missouri Retail

Marcus & Millichap Arranges $4.4M Sale of Maverik Gas Station Property in Springfield, Missouri

by Kristin Harlow January 26, 2026

SPRINGFIELD, MO. — Marcus & Millichap has arranged the $4.4 million sale of a net-leased Maverik gas station property in Springfield. The 6,203-square-foot asset is situated on a 2-acre lot at 2704 S. Campbell Ave. The property was built in 2016 and recently remodeled following Maverik’s 2023 acquisition of Kum & Go. There are 10.8 years remaining on the primary lease term. Jackson Harris, Chris Lind, Mark Ruble, Zack House and David Saverin of Marcus & Millichap procured the buyer, a California-based limited liability company.

January 26, 2026

Data Centers Industrial Loans Midwest Missouri

Patmos Receives $100M C-PACE Loan for Redevelopment of Kansas City Star Building into Data Center

by Kristin Harlow January 23, 2026

KANSAS CITY, MO. — Patmos Holdings Inc., a provider of internet infrastructure, data center and hosting services, has received a $100 million C-PACE (Commercial Property Assessed Clean Energy) loan from PACE Loan Group for the ongoing redevelopment of the former Kansas City Star building into a data center and artificial intelligence (AI) campus. When the next phase of infrastructure upgrades is complete this spring, the 421,112-square-foot, four-story Patmos AI Campus will feature 35 megawatts of power. The C-PACE loan will fund energy-efficient infrastructure improvements. Patmos initially started construction in late 2024. Since then, two publicly traded tenants have inked multi-year leases with Patmos. Located at 1601 McGee St. in downtown Kansas City on the site that had been previously declined by the Kansas City Royals for its new stadium, the 5-acre campus is part of a significant retrofit project. In addition to creating AI data halls, Patmos will also convert nearly 150,000 square feet of the building into a multi-tenant technology hub, coworking and event space. The C-PACE proceeds will be used for energy efficiency, equipment, HVAC and plumbing improvements to support the data center’s cooling and electrical load. The project is slated for completion in March. Rafi Golberstein of …

January 23, 2026

Illinois Loans Midwest Multifamily Seniors Housing

MONTICELLOAM Provides $60M in Bridge Financing for Illinois Skilled Nursing Portfolio

by Kristin Harlow January 23, 2026

ILLINOIS — MONTICELLOAM LLC, a specialized seniors housing and multifamily bridge lending platform, has provided $60 million in bridge financing for a five-property skilled nursing portfolio in Illinois. Karina Davydov of MONTICELLOAM originated the loan on behalf of the borrower, which operates more than a dozen skilled nursing facilities in Illinois. The borrower will use the loan proceeds to acquire the portfolio of more than 620 licensed beds.

January 23, 2026

Acquisitions Indiana Industrial Midwest

MAG Capital Partners Acquires 425,000 SF Industrial Campus in New Castle, Indiana

by Kristin Harlow January 23, 2026

NEW CASTLE, IND. — MAG Capital Partners has acquired an approximately 425,000-square-foot industrial headquarters campus in New Castle, about 44 miles east of Indianapolis. The transaction was a sale-leaseback with New Castle Stainless Plate. Comprising more than a dozen buildings on nearly 128 acres, the property manufactures stainless plate products, serving a diverse range of industries including aerospace, energy, chemical processing and heavy equipment manufacturing. Deutsche Bank provided acquisition financing. Krupa Shah and Phil DiGennaro of Stream Capital Partners represented the seller.

January 23, 2026

Indiana Loans Midwest Retail

MMCC Arranges $7.6M in Financing for Retail Center in Suburban Indianapolis

by Kristin Harlow January 23, 2026

FRANKLIN, IND. — Marcus & Millichap Capital Corp. (MMCC) has arranged $7.6 million in financing for Franklin Commons, an 85,980-square-foot retail center at 1010 N. Morton St. in Franklin, about 20 miles south of Indianapolis. Garrett Fierstein of MMCC secured the financing with a local bank on behalf of the borrower. The five-year loan features a 6.5 percent interest rate, 25-year amortization period and a 70 percent loan-to-value ratio. Anchored by Kroger, the property is also home to Marshalls, Ross Dress for Less, PetSmart and Five Below.

January 23, 2026

Illinois Loans Midwest Multifamily

Lynd Group Receives $66M Refinancing for Multifamily Property in Willow Springs, Illinois

by Kristin Harlow January 22, 2026

WILLOW SPRINGS, ILL. — The Lynd Group has received $66 million in refinancing for Willow Glen, a 224-unit multifamily community in Willow Springs developed by Lynd Development in partnership with West Point Builders in 2023. The refinancing repays the project’s construction loan and replaces it with a new financing package consisting of a $58 million CMBS senior loan originated by Barclays and an $8 million mezzanine loan provided by Ghisallo Capital, which retired the project’s government-backed bonds and simplified the capital stack. Willow Glen consists of 188 apartment units and 36 three-story townhomes. Amenities include a clubhouse, fitness center, pool, courtyard terrace, fireside lounge, game room, pet park and outdoor gathering spaces.

January 22, 2026

Loans Midwest Multifamily Ohio

Lument Provides $53.1M Loan for Refinancing of Luxury Apartment Community in Columbus

by Kristin Harlow January 22, 2026

COLUMBUS, OHIO — Lument has provided a $53.1 million balance sheet loan for the refinancing and lease-up of South Bank at Quarry Trails, a 266-unit luxury apartment community built in 2025 in Columbus. Ryan Duling of Lument led the transaction on behalf of the borrower, Columbus-based Thrive Cos. The loan refinances existing construction debt, funds reserve accounts and supports the lease-up of the mid-rise property. The loan features an adjustable interest rate and interest-only payments for the two-year term. South Bank at Quarry Trails is part of a master-planned development in the Upper Arlington submarket of Columbus. Amenities include a clubhouse, saunas, outdoor pool and the Quarry Trails Metropark. Twenty percent of the units are designated as affordable housing.

January 22, 2026

Illinois Leasing Activity Midwest Office

CBRE Negotiates 44,457 SF Office Headquarters Lease for TransLoop in Chicago

by Kristin Harlow January 22, 2026

CHICAGO — CBRE has negotiated a 44,457-square-foot headquarters lease for logistics company TransLoop at 350 N. Orleans St. in Chicago. TransLoop outgrew its prior Chicago headquarters in just over three years, prompting the company to nearly triple its footprint. The new office, secured through a sublease from Gartner, will allow the company to add up to 200 new jobs in Chicago. CBRE’s Brian McDonnell and Bill Sheehy represented the tenant.

January 22, 2026

Acquisitions Illinois Midwest Retail

Greenstone Partners Arranges $2.6M Sale of Retail Property in New Lenox, Illinois

by Kristin Harlow January 22, 2026

NEW LENOX, ILL. — Greenstone Partners has arranged the $2.6 million sale of The Sherwin-Williams Center, a two-tenant retail property on Lincoln Highway in New Lenox, a southwest suburb of Chicago. The asset is home to Sherwin-Williams and Don Jose’s, a local Mexican restaurant. Jason St. John of Greenstone represented the seller, a Chicago-based developer, and procured the buyer, a Georgia-based investment group.

January 22, 2026

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