SHEBOYGAN, WIS. — Marcus & Millichap has arranged the $2.5 million sale of the 45-room Oasis Hotel in Sheboygan Falls. The seller, a first-time hotel owner, acquired the property in 2022 and removed the flag, completed a full renovation and operated it as an independent hotel before deciding to exit. Built in 1988, the asset is located on 2.8 acres at 600 N. Main St. Reed Gizinski, Jon Ruzicka and Joseph Ferguson of Marcus & Millichap represented the seller and procured the undisclosed buyer.
ARLINGTON HEIGHTS, ELK GROVE VILLAGE, SCHAUMBURG AND NORTHBROOK, ILL. — JLL Capital Markets has arranged $22.5 million in financing for a four-property, shallow-bay industrial portfolio totaling 382,762 square feet in metro Chicago. The financing included proceeds for the refinance of three assets and the acquisition of a fourth property. The portfolio consists of: Arlington Center, a two-building, 213,963-square-foot complex in Arlington Heights; Stanley, a five-building, 56,416-square-foot asset in Elk Grove Village; Remington, a 51,662-square-foot property in Schaumburg; and Old Willow Industrial Complex, a 12-builidng, 60,721-square-foot asset in Northbrook (acquisition). The properties are all at least 90 percent leased. Jeff Sause, Chad Morgan, Brian Walsh and Lauren Sackler of JLL arranged the financing through a life insurance company on behalf of the borrower, Unilev Capital Corp. and an affiliate of Palladius Capital Management. Raymond Levy, Ian Konowitch and Peter Berges of JLL led the Unilev team.
FARGO, N.D. — Gindi Equities has acquired Amber Valley Apartments in Fargo for an undisclosed price. The acquisition marks the firm’s fourth Fargo market purchase in under 12 months. The seller, Property Resources Group, will continue to manage and service the asset. Constructed in 2001, Amber Valley Apartments comprises 162 units that range from one- to three-bedroom layouts. Gindi plans to launch a renovation program at the property, upgrading both interior spaces and common areas.
CHICAGO — Cawley Commercial Real Estate (CRE) has brokered the sale of a 168,000-square-foot industrial building located at 4343 W. Ohio St. in Chicago. The sales price was undisclosed. The property is situated on 7.8 acres within the Northwest Industrial Park and features overhead cranes, an active interior rail spur, zoning allowances for outdoor storage and access to heavy power. Frank Melchert and Stevan Arandjelovic of Cawley CRE represented the seller, Plant One LLC. Adam Schneiderman and Dale Strauss of Strauss Realty represented the buyer.
INDIANAPOLIS, SOUTH BEND AND BLOOMINGTON, IND. — International Workplace Group (IWG), a hybrid workspace platform with brands such as Spaces, Regus and HQ, has added three new coworking spaces in Indiana. The company’s footprint now totals more than 20 locations in the state. The new locations are at 863 Massachusetts Ave. in Indianapolis, 701 N. Niles Ave. in South Bend and 3802 E. 3rd St. in Bloomington. The Bloomington facility is now open, while the others will debut later this year. All will include private offices, meeting rooms, coworking and creative spaces. Citing explosive market growth as companies of all sizes adopt hybrid working for the long term, IWG says that 30 percent of all commercial real estate will be flexible workspace by 2030.
COLUMBUS, OHIO — Mastro’s Steakhouse, a high-end seafood and steak restaurant, has opened a 9,000-square-foot location at Easton Town Center in Columbus. The restaurant marks the first location in the Midwest for Mastro’s, which operates 22 locations across the country. The Columbus restaurant features two main dining rooms, one private dining room, two outdoor patio spaces, a grand double-faced bar, piano lounge and semi-private wine room. Easton Town Center is home to other upscale restaurants such as Del Mar, Mitchell’s Ocean Club and Cooper’s Hawk Winery & Restaurant.
BROOKLYN PARK, MINN. — A joint venture between PCCP LLC and Capital Partners has acquired 9001 Wyoming, a 382,635-square-foot industrial building in the Minneapolis suburb of Brooklyn Park. Built in 2000 and situated on a 24.8-acre site, the property features a clear height of 32 feet, 229 car parking spaces and 115 trailer parking spaces. Amazon fully occupies the facility. The transaction marks PCCP’s sixth joint venture with Capital Partners, a local owner and operator of more than 14 million square feet of industrial product. The seller and sales price were undisclosed.
OVERLAND PARK, KAN. — Price Brothers has broken ground on a 99-room Holiday Inn Express hotel at the Bluhawk mixed-use development in Overland Park, a suburb of Kansas City. The project marks the first of three planned hotels within The Boundary, a retail and lifestyle center. The hotel is scheduled for completion in spring 2026 in time to welcome guests for the FIFA World Cup. Additionally, Barnes & Noble and J. Crew Factory are scheduled to open at The Boundary this summer.
COLUMBUS, OHIO — First National Realty Partners (FNRP) has added three new tenants — Fun City Trampoline Park, Pet Supplies Plus and Port of Peri Peri — at Carriage Place shopping center in Columbus. The additions bring the shopping center to 99 percent occupancy. Fun City is open and occupies 35,540 square feet in the space formerly home to Cinemark theater, which closed in 2023. Pet Supplies Plus, set to open in early 2026, will occupy 7,913 square feet. Port of Peri Peri, expected to open in late 2025, will introduce Portuguese African cuisine at its 2,400-square-foot space.
BROADVIEW, ILL. — Brennan Investment Group has purchased a 38,135-square-foot industrial property in Broadview, about 12 miles west of downtown Chicago. The single-tenant building is located just off I-290 at the four-way 25th Avenue interchange. The property is fully leased to MYR Group, an electrical construction business. Bill Lussow of Bespoke Commercial Real Estate represented the undisclosed seller.
