Monday, February 2, 2026
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Midwest

AcquisitionsIllinoisIndustrialMidwest

Venture One Acquires 30,963 SF Industrial Building in Elmhurst, Illinois

by Kristin Harlow

ELMHURST, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VI LP, has acquired a 30,963-square-foot industrial building in the Chicago suburb of Elmhurst. The purchase price was undisclosed. Located at 851 Industrial Drive and constructed in 1980, the property is fully leased to seven tenants. The building features seven docks and parking for 36 cars. Each unit has its own dock and office area. Joe Bronson and Paddy Dwyer of NAI Hiffman represented the undisclosed seller. VK Industrial VI is co-sponsored by Venture One and Kovitz Investment Group. The fully discretionary fund targets industrial acquisitions in the Chicago, Northeast and Florida markets.

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AcquisitionsIllinoisMidwestOfficeRetail

SVN Chicago Commercial Brokers $2.2M Sale of Office, Retail Building in Winfield, Illinois

by Kristin Harlow

WINFIELD, ILL. — SVN Chicago Commercial has brokered the $2.2 million sale of an office and retail building in Winfield, a western suburb of Chicago. The ground floor of the building is fully leased to a variety of retail and restaurant tenants. The second floor is vacant office space that was previously occupied by one tenant. SVN represented the seller. The buyer retained SVN to lease the remaining spaces with intentions of converting them into medical office suites. Buyer and seller information was not provided.

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Leasing ActivityMidwestRestaurantRetailWisconsin

Tap-In Golf Bar Leases 6,776 SF at Silvernail Plaza in Waukesha, Wisconsin

by Kristin Harlow

WAUKESHA, WIS. — Tap-In Golf Bar has leased 6,776 square feet of retail space at Silvernail Plaza in the Milwaukee suburb of Waukesha. The property is located at 2100 Silvernail Road. Emily Smits and Scott Satula of Mid-America Real Estate represented the landlord, Waukesha Retail LLC.

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DevelopmentMidwestMissouriMultifamily

Brinkmann Constructors Tops Out 148-Unit Luxury Apartment Complex in Downtown St. Louis

by Kristin Harlow

ST. LOUIS — Brinkmann Constructors has topped out construction of 11th and Spruce, a 148-unit luxury apartment complex in downtown St. Louis. San Francisco-based Balboa Real Estate Partners is the developer for the project, which is located three blocks from Busch Stadium. The $25 million development will feature 3,000 square feet of ground-floor retail space and amenities such as a fitness center, clubroom, courtyard, pet spa, dog run and rentable work-from-home space. The five-story development is situated in the city’s Cupples Station Historic District, once a thriving manufacturing hub. To preserve the area’s old-world aesthetic, the new complex matches the red brick used in surrounding buildings. The site was formerly home of the Cupples 7 Building, which sat vacant for nearly a decade. Balboa purchased the site from the Treasury Department of St. Louis. Completion of the project is slated for February 2024.

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IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Alive Telecom Signs 74,978 SF Industrial Lease in University Park, Illinois

by Kristin Harlow

UNIVERSITY PARK, ILL. — Alive Telecom has signed a 74,978-square-foot industrial lease at 500 Crossing Drive in the Chicago suburb of University Park. The 150,000-square-foot building, constructed in 2006, is now fully leased. Brian Vanosky, Michael O’Leary and Dylan Maher of Lee & Associates represented the landlord, Mapletree. Jeff Galante of Lee & Associates represented the tenant, which is a global supplier of equipment, systems and services for the communications market.

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Leasing ActivityMidwestOfficeOhio

Workbox Opens New Coworking Location in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Coworking operator Workbox has opened a new location at 875 N. High St. in Columbus. Workbox’s seventh location and first in Columbus is situated at The Sutton building in the city’s Short North Arts District. Workbox is assuming operations of the space formerly managed by another coworking operator. Amenities for members include a large open kitchen, outdoor terrace, weekly food and networking offerings, multiple lounge areas, private conference rooms and phone booths. The location features over 95 office spaces, with private offices ranging from one to 10 desks. There are also floating membership and reserved desk options for those looking for individual plans. Membership pricing starts at $250 per month.

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Leasing ActivityMichiganMidwestOffice

CBRE Relocates Grand Rapids Office, Expands Footprint

by Kristin Harlow

GRAND RAPIDS, MICH. — CBRE has relocated its Grand Rapids office from 634 Front Ave. to 200 Ottawa Ave. The brokerage has expanded its footprint from 1,444 square feet to 4,350 square feet. The new space in the central business district features conference rooms and free-address seating — where no employee has a dedicated desk or private office.

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AcquisitionsHealthcareIndianaMidwest

Marcus & Millichap Arranges $2.4M Sale of Urgent Care Property in Shelbyville, Indiana

by Kristin Harlow

SHELBYVILLE, IND. — Marcus & Millichap has arranged the $2.4 million sale of a 3,700-square-foot property occupied by Fast Pace Urgent Care in Shelbyville, a southeast suburb of Indianapolis. Built in 2022, the net-leased property is located at 1778 E. State Road. Fast Pace’s lease is for 15 years and features three five-year renewal options along with 10 percent rental escalations every five years. Jordan Klink of Marcus & Millichap represented the buyer, a limited liability company. The seller was undisclosed.

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DevelopmentIllinoisMidwestMixed-Use

Development Team Tops Off The Saint Grand Mixed-Use Building in Chicago

by Kristin Harlow

CHICAGO — The development team of Mavrek Development, GW Properties, Luxury Living and Double Eagle Development, alongside general contractor Lendlease, have topped off construction of The Saint Grand, a 21-story mixed-use building in Chicago’s Streeterville neighborhood. Office tenant build-outs are scheduled for later this year, with residential deliveries expected in early 2024. The project will consist of 248 luxury apartment units, 45,000 square feet of office space and 7,500 square feet of street-level retail space. Amenities will include a package receiving service, coworking lounge, fitness center and outdoor pool deck. Office tenants will enjoy all building amenities as well as a private outdoor space.

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AcquisitionsMidwestMinnesotaOffice

Transwestern Brokers Sale of St. Paul Office Building, Buyer Plans Multifamily Conversion

by Kristin Harlow

ST. PAUL, MINN. — Transwestern Real Estate Services has brokered the sale of Landmark Towers, a 200,000-square-foot office building in St. Paul. The buyer, Sherman Associates, intends to convert the property into apartment units. Mike Salmen and Erik Coglianese of Transwestern represented the undisclosed seller. The property is located at 345 Saint Peter St.

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