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Midwest

AcquisitionsMidwestMissouriMultifamily

Northmarq Brokers Sale of 64-Unit, Historic Multifamily Property in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Northmarq has brokered the sale of The Robert Browning Apartments, a 64-unit property in Kansas City. Built in 1929 by Nelle E. Peters, one of the country’s first female architects and a prolific Kansas City designer, the building is part of the Poet’s District that Peters created on the west side of the Country Club Plaza. The community rises seven stories and totals 36,248 square feet. David Belpedio, Jeff Lamott and Casey Wilhm of Northmarq represented the seller, Bellada LLC. The buyer was Bird Enterprises LLC. The Plaza is undergoing a $1.5 billion transformation.

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DevelopmentIllinoisIndustrialMidwest

SAMPA USA to Open 62,000 SF Distribution Facility in Bartlett, Illinois

by Kristin Harlow

BARTLETT, ILL. — SAMPA USA is expanding its Midwest presence with a new 62,000-square-foot facility at 2305 Kenyon Road in Bartlett. SAMPA USA, a Turkish company, will relocate from Romeoville and will utilize the new location as its Midwest distribution hub. Dan Brown of Brown Commercial Group represented the developer and owner, Cratos Industrial, in the lease. The space is part of Blue Heron 160, a three-unit industrial building totaling 166,573 square feet that is now fully leased. Additional tenants include Illinois Tool Works and Clarke Packing & Crating. The new space for SAMPA USA expands its operating footprint by 48 percent.

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AcquisitionsIllinoisMidwestMixed-Use

RE/MAX Commercial Arranges $4.5M Sale of Mixed-Use Block in Norridge, Illinois

by Kristin Harlow

NORRIDGE, ILL. — Jason Bitton of RE/MAX Commercial has arranged the $4.5 million sale of a mixed-use block totaling roughly 41,000 square feet on 1.9 acres in Norridge. A private investor was the seller. William Gold of Troy Realty Ltd. represented the buyer, Prospect Heights-based 1st Liberty Management Inc. The property includes two two-story buildings with eight ground-floor storefronts and 16 apartments above them as well as a one-story, 15,000-square-foot building.

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AcquisitionsMichiganMidwestOffice

Jarbou Ronnisch Construction Buys Detroit Office Building from Bedrock

by Kristin Harlow

DETROIT — Jarbou Ronnisch Construction (JRC) has acquired an office building located at 1265 Griswold St. in Detroit’s Capitol Park from Bedrock. The company is expanding its Detroit presence and will occupy 6,000 square feet of the building’s fourth floor. JRC, which anticipates moving into the space in the second quarter of 2027, will invest between $3 and $4 million in capital improvements, including façade renovations and tenant build-outs. Current tenants include Gensler. The historic property totals 35,000 square feet and rises six stories. Constructed in 1897, the building was designed by the Detroit architectural firm Spier & Rohns. In 2013, Bedrock purchased the asset, which was renovated by Neumann Smith Architects. JRC’s sister company, Symmetry Management, will serve as property manager.

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AcquisitionsMidwestMissouriMultifamily

Timberland Partners Acquires 192-Unit Apartment Community in Chesterfield, Missouri

by Kristin Harlow

CHESTERFIELD, MO. — Timberland Partners has acquired ReNew Chesterfield, a 192-unit apartment community in the St. Louis suburb of Chesterfield. Timberland has renamed the property Linden Ridge. The transaction marks Timberland’s fourth multifamily acquisition this year and brings the company’s St. Louis portfolio to 3,346 units across 13 apartment communities. Built in 1984, Linden Ridge features one- and two-bedroom units along with recently upgraded amenities. Timberland plans to make additional investments in the property, including improvements to unit interiors. Linden Ridge is adjacent to Willowbend Apartments, another property owned and operated by Timberland.

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AcquisitionsMidwestOhioRetail

Cooper Group Brokers $7M Sale of Springdale Town Center in Cincinnati

by Kristin Harlow

CINCINNATI — The Cooper Commercial Investment Group has brokered the $7 million sale of Springdale Town Center in Cincinnati. Bob Havasi and Dan Cooper of Cooper Group represented the seller, an East Coast-based private investment group. A private New York-based group purchased the property at a cap rate of 7.3 percent and 99 percent of the list price. The property totals 43,071 square feet.

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Leasing ActivityMidwestOhioRetail

MINISO LAND Opens at Easton Town Center in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — MINISO LAND has opened at Easton Town Center in Columbus. MINISO is a global lifestyle retailer offering a selection of toys, plushies, collectibles, stationery, beauty essentials, home goods, fragrances, electronics and snacks. The new store is located inside the Easton Station Building. Expanding on the traditional MINISO store format, MINISO LAND offers a more immersive shopping experience with a greater emphasis on collectibles, character-driven merchandise and popular brand collaborations.

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AcquisitionsKansasMidwestMultifamily

Northmarq Arranges Sale of 627-Unit Meadowbrook Apartments in Lawrence, Kansas

by Kristin Harlow

LAWRENCE, KAN. — Northmarq has arranged the sale of Meadowbrook Apartments, a 627-unit community and adjacent 4.3-acre development tract in Lawrence. Casey Wilhm, Jeff Lamott and David Belpedio of Northmarq represented the sellers, Meadowbrook Investors LC and M-10 Holdings LC. The buyers were The Meadow KS LLC and The Lawn KS LLC. The property marks the largest multifamily sale in Lawrence history by unit count, bed count and total consideration, according to Northmarq. Meadowbrook offers a mix of studio, one-, two-, three- and four-bedroom units, as well as townhome and duplex-style residences. Amenities include a pool, fitness center, activity room and 24-hour emergency maintenance service. The community is located just west of the University of Kansas campus.

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DevelopmentIllinoisIndustrialMidwest

Venture One, BGO to Break Ground on 719,200 SF Spec Industrial Facility in Geneva, Illinois

by Kristin Harlow

GENEVA, ILL. — Venture One Real Estate, in partnership with BGO, will break ground on Venture Park Geneva, a 719,200-square-foot speculative industrial development in Geneva. The project site, spanning 54 acres, is located within the Fox Valley industrial submarket and offers convenient access to I-88 via the full interchange at Farnsworth Avenue. The facility will offer flexibility to accommodate users requiring 400,000 square feet or more. The project will feature a clear height of 40 feet, 120 dock positions and 555 car parking stalls. Brian Kling and Reed Adler of Colliers will market the property for lease.

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AcquisitionsMidwestMinnesotaMultifamily

Colliers Brokers $15.3M Sale of South Pointe Apartments in Bloomington, Minnesota

by Kristin Harlow

BLOOMINGTON, MINN. — Colliers has brokered the $15.3 million sale of South Pointe Apartments, a 142-unit community in Bloomington. Drew Jackson, Dan Linnell, Mox Gunderson, Adam Haydon and Devon Dvorak of Colliers represented the seller, Highland Management Group Inc., the property’s longtime owner and operator. Colliers also arranged acquisition financing on behalf of the buyer, Minnesota-based Black Swan Real Estate.

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