Tuesday, April 21, 2026
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Midwest

AcquisitionsIllinoisMidwestRetail

JLL Brokers $30M Sale of 146,000 SF Shopping Destination in Chicago

by Kristin Harlow

CHICAGO — JLL Capital Markets has brokered the $30 million sale of The Retail and Parking at Marina City, a 146,000-square-foot retail, dining and entertainment complex with structured parking along the Chicago Riverwalk. The property, situated at the base of two condominium buildings, is located at 333 N. Dearborn St. in the heart of the city’s River North neighborhood. Designed in 1958 by architect Bertrand Goldberg, the property was designed as a “city within a city” and has been a popular destination for locals and tourists. Prominent retail tenants include Smith & Wollensky, Legal Sea Foods, Yolk, Spin, 10Pin, Tortoise Supper Club and Jefferson Beach Yacht Sales. Michael Nieder, Keely Polczynski and John Dettlaff of JLL represented the seller, Pebblebrook Hotel Trust. Sperry Equities was the buyer.

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AcquisitionsIllinoisMidwestRetail

Marcus & Millichap Negotiates $7.2M Sale of Hanover Square Shopping Center in Suburban Chicago

by Kristin Harlow

HANOVER PARK, ILL. — Marcus & Millichap has negotiated the $7.2 million sale of Hanover Square, a 111,828-square-foot shopping center in the Chicago suburb of Hanover Park. Located at 6606 Barrington Road, the property is home to a mix of national, regional and local tenants with two outlots anchored by a full-service grocer and a gymnastics training center. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, a government agency. Buyer information was not provided.

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KansasLeasing ActivityMidwestOffice

Accounting Firm Adams Brown to Relocate Overland Park Office to Aspiria Campus

by Kristin Harlow

OVERLAND PARK, KAN. — Adams Brown LLC, a CPA and advisory firm, has unveiled plans to relocate its Overland Park office to the Aspiria campus. The move is expected to take place in the fourth quarter of 2024. With numerous office locations throughout the central region, Adams Brown specializes in serving those in the agriculture, construction, manufacturing, dental and physician practice, local government and closely held businesses. The firm has operated in the Kansas City market since 2017 and has outgrown its current office space. Wichita-based Occidental Management owns and manages the Aspiria campus, which is the redevelopment of the former Sprint campus.

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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Arranges $4.6M Sale of Apartment Building in Chicago’s Wicker Park

by Kristin Harlow

CHICAGO — Interra Realty has arranged the sale of a 10-unit apartment building in Chicago’s Wicker Park neighborhood for $4.6 million. According to CoStar data, the sales price marks one of the highest ever in the submarket. Located at 1220 N. Bosworth Ave., the property consists of four one-bedroom units, four two-bedroom units and two four-bedroom residences. Amenities include bike storage, a fitness center and rooftop deck. Constructed in 2020, the building was fully occupied at the time of sale. Brad Feldman of Interra represented the seller, a real estate operator for whom he brokered the original acquisition in 2021. Feldman also sourced and represented the buyer, a Chicago-based investment group that assumed the existing loan as part of the deal.

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Leasing ActivityMidwestMissouriRestaurantRetail

Duck Donuts to Open at Antioch Annex Shopping Center in Kansas City, Missouri

by Kristin Harlow

KANSAS CITY, MO. — Duck Donuts is opening a 1,500-square-foot shop at the Antioch Annex shopping center in Kansas City. The lease marks the Pennsylvania-based donut brand’s first location in Kansas City. Dan Sweeney of Curry Real Estate Services represented ownership on an internal basis. Duck Donuts plans to open in late February. The company began franchising in 2013 and now maintains more than 130 locally owned and operated shops across the country.

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Affordable HousingLoansMidwestMultifamilySeniors HousingWisconsin

Associated Bank, Johnson Financial Originate $54.6M in Construction Financing for Affordable Housing Project in Madison

by Kristin Harlow

MADISON, WIS. — Associated Bank and Johnson Financial Group have originated a $13 million construction loan and a $41.6 million tax-exempt bond loan for the development of Rise Madison. The Wisconsin Housing Preservation Corp. is developing the affordable housing project in the state’s capital. The 4 percent Low-Income Housing Tax Credits project will provide affordable housing for both seniors and families. The senior financing structure will take the form of tax-exempt bonds issued by the Wisconsin Housing and Economic Development Authority and held by both Associated Bank and Johnson Financial Group. Bryan Schreiter of Associated Bank and Steve Sosnowski of Johnson Financial Group handled the loan arrangements and closing. The four-building project is situated on Rise Lane. Units will be offered to tenants with income levels at or below 80 percent of the Dane County median income. Two five-story buildings will be marketed for families. One will have a total of 110 units while the other will feature 77 units. A three-story building will have a total of 46 units designed for senior living. The fourth building will consist of 12 two-story townhomes. Older buildings on the project site have been demolished, and phased construction is underway. The first building …

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AcquisitionsHealthcareIndianaMidwest

JLL Arranges Sale of 64-Bed Inpatient Behavioral Facility in Greenwood, Indiana

by Kristin Harlow

GREENWOOD, IND. — JLL Capital Markets has arranged the sale of the Medical Behavioral Hospital of Indianapolis for an undisclosed price. The 64-bed, 42,609-square-foot inpatient behavioral facility is located in the Indianapolis suburb of Greenwood. Constructed in 2022, the property offers general acute care psychiatric services. It serves as the second location in Indianapolis NeuroPsychiatric Hospitals, a provider of inpatient behavioral health services with seven hospitals. There are 19 years remaining on the lease for the Greenwood facility. Mindy Berman, Brannan Knott and Vasili Davos of JLL represented the seller, Medistar, and arranged acquisition financing on behalf of the undisclosed buyer.

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AcquisitionsIllinoisMidwestRetail

Mid-America Real Estate Brokers Sale of 41,455 SF Spoerlein Commons Retail Center in Suburban Chicago

by Kristin Harlow

BUFFALO GROVE, ILL. — Mid-America Real Estate Corp. has brokered the sale of Spoerlein Commons, a 41,455-square-foot retail center in the Chicago suburb of Buffalo Grove. The sales price was undisclosed. The property features a variety of medical, wellness, restaurant, retail and service tenants along with second-floor offices. Rick Drogosz, Emily Gadomski and George Ghattas of Mid-America represented the institutional seller. CRE Pro was the buyer.

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AcquisitionsIllinoisMidwestMultifamilySeniors Housing

Dandelion Development Acquires Senior Living Property in Cary, Illinois, for $4.5M

by Kristin Harlow

CARY, ILL. — Dandelion Development LLC has acquired the newly constructed Haber Pointe Senior Luxury Apartments in Cary, about 44 miles northwest of Chicago. The purchase price was $4.5 million. The 24-unit property totals 24,177 square feet. Paul Proana of Coldwell Banker Commercial and Heather Schweitzer of Premier Commercial Realty brokered the transaction. Foxboro Group LLC was the seller.

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AcquisitionsHealthcareMidwestMissouri

Block & Co. Sells 17,381 SF Commercial Building in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Block & Co. Inc. Realtors has sold 2 E. 59th St. in Kansas City for an undisclosed price. Riley ABA & Autism Center purchased the 17,381-square-foot building with plans to occupy it. The building is set to undergo extensive renovations in the coming weeks. Riley ABA is planning for several new and interactive play areas, including a 1,000-square-foot play town to target play and social skills, a larger interior sensory gym for gross and fine motor development, and an outdoor, fenced-in playground. The facility will also feature ample parking, an employee break room with an outdoor patio, a large prep kitchen and several individual bathrooms. Riley ABA expects renovations to be completed by mid-summer 2024. David Block, Max Kosoglad and Carson St. Clair represented Block on an internal basis.

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