Sunday, April 12, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Midwest

IndustrialKansasLeasing ActivityMidwest

Standard Motor Products Leases 574,732 SF Industrial Building at Hunt Midwest’s Heartland Logistics Park in Kansas

by Kristin Harlow

SHAWNEE, KAN. — Standard Motor Products has leased Building II at Hunt Midwest’s Heartland Logistics Park in Shawnee. The global manufacturer and distributor of premium automotive parts will relocate from Edwardsville, Kan., to the 574,732-square-foot facility. The new space provides the tenant with 200,000 more square feet than its current footprint. The 113-acre Heartland Logistics Park will support more than 1 million square feet of industrial space. Plans call for a third building totaling 846,450 square feet and a fourth building spanning 187,200 square feet. The project team for Building II included Renaissance Infrastructure Consulting for civil engineering, Finkle + Williams Architecture for building design and Brinkmann Constructors as the general contractor. Louis Pascuzzi and Mark Long of Newmark Zimmer represented Standard Motor Products in the lease. Ed Elder and John Stafford of Colliers are handling leasing of the park.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMidwestMissouri

Phoenix Investors Acquires 515,913 SF Industrial Facility in Park Hills, Missouri

by Kristin Harlow

PARK HILLS, MO. — An affiliate of Phoenix Investors has acquired a 515,913-square-foot industrial facility at 1000 Taylor Ave. in Park Hills, about 65 miles south of St. Louis. The property was constructed in 1976 and received additions and upgrades in 2018. The building features 18 docks, 16 overhead drive-in doors and clear heights up to 40 feet. The facility was formerly inhabited by PGP Glass USA Inc. (PGP) and owned by Piramal Glass, an Indian company owned by Blackstone Capital. Once the city’s largest employer, PGP closed in March 2022. The purchase price was undisclosed.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisIndustrialMidwest

Meridian Design Build Completes 392,973 SF Spec Industrial Project for Logistics Property Co. in Aurora, Illinois

by Kristin Harlow

AURORA, ILL. — Meridian Design Build has completed construction of a 392,973-square-foot speculative industrial project on behalf of developer Logistics Property Co. in Aurora. The building features a clear height of 36 feet, 56 loading docks, two drive-in doors, 403 auto parking stalls and 26 exterior trailer parking stalls. An undisclosed tenant leased the entire building prior to completion. NAI Hiffman marketed the building for lease. The project team included Partners in Design Architects and civil engineer Webster McGrath & Ahlberg.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestRetailWisconsin

Marcus & Millichap Brokers $14.9M Sale of Shopping Center in Waukesha, Wisconsin

by Kristin Harlow

WAUKESHA, WIS. — Marcus & Millichap has brokered the $14.9 million sale of a 112,010-square-foot shopping center in Waukesha, a western suburb of Milwaukee. Sendek’s Grocery Store anchors the property, which is also home to Walgreens, McDonald’s and Cost Cutters. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, a limited liability company. The team also procured and represented the buyer, a Michigan-based limited liability company.

Continue Reading
FacebookTwitterLinkedinEmail
IllinoisIndustrialLoansMidwest

Maverick Commercial Mortgage Arranges $7.5M Acquisition Loan for Chicago Industrial Building

by Kristin Harlow

CHICAGO — Maverick Commercial Mortgage Inc. has arranged a first mortgage loan totaling $7.5 million for a multi-tenant industrial building located at 1120 E. 89th St. in Chicago. The property is fully leased to two tenants, Chicago Transit Authority and SCR Transportation. The borrower was 1788 Holdings LLC, a Maryland-based real estate investment firm specializing in purchasing and repositioning older light industrial properties and industrial outdoor storage properties. A regional bank provided the five-year loan, which will be swapped at closing to provide a competitive five-year, fixed-rate loan. A portion of the loan proceeds will be used for capital improvements to the property post-closing.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMinnesotaMultifamily

JLL Brokers $74.7M Sale of Millennium Edina Apartment Complex in Suburban Minneapolis

by Kristin Harlow

EDINA, MINN. — JLL Capital Markets has brokered the $74.7 million sale of Millennium Edina, a 227-unit apartment complex in the Minneapolis suburb of Edina. Completed in 2021, the property features studio, one-, two- and three-bedroom units averaging 905 square feet. Amenities include a green roof, yoga studio, game room, golf simulator, movie theater, fitness center, sunset terrace, outdoor pool and coworking spaces. Josh Talberg, Mox Gunderson, Dan Linnell, Adam Haydon and Devon Dvorak of JLL represented the seller, a joint venture between Dakota Pacific Real Estate and Landmark Cos. The team also procured the buyer, a private investor. Brock Yaffe led the JLL capital markets debt advisory team that originated acquisition financing through Fannie Mae.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestMultifamilyWalker & Dunlop

Walker & Dunlop Arranges $35M Sale of Apartment Building in Chicago

by Kristin Harlow

CHICAGO — Walker & Dunlop has arranged the sale of The Arcade Residences in Chicago for $35 million. Built in 2019, the property features 58 apartment units and 9,643 square feet of retail space. Todd Stofflet and Jason Stevens of Walker & Dunlop represented the seller and developer, Borecki Real Estate. The sale represented one of the highest-priced sales per door in Chicago, according to Walker & Dunlop. The Arcade Residences is located on the border of the city’s Edgewater and Rogers Park neighborhoods, directly adjacent to Loyola University. Amenities at the property include a tenant lounge, fitness center and rooftop deck. Over 90 percent of the retail space is leased by tenants such as Bank of America and Verizon.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndianaIndustrialMidwest

Prairie Hill Holdings Purchases 385,830 SF Industrial Portfolio in Indiana for $10.1M

by Kristin Harlow

TERRE HAUTE, IND. — Prairie Hill Holdings has purchased a three-building industrial portfolio totaling 385,830 square feet in Terre Haute for $10.1 million. The properties are leased to Distributors Terminal Corp., a third-party logistics company that has been in business for over 100 years. Prairie Hill is a private real estate investment manager that focuses exclusively on triple net lease properties.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHealthcareMidwestWisconsin

Kraus-Anderson Completes First Phase of Renovations at Amery Hospital & Clinics in Wisconsin

by Kristin Harlow

AMERY, WIS. — Kraus-Anderson has completed the first phase of renovations at Amery Hospital & Clinics in Amery, a city in Northwest Wisconsin. Designed by BWBR Architects, this phase included a $2.3 million infusion and emergency room totaling 4,813 square feet. Phase II, which is nearing completion, includes a remodel of the emergency department’s waiting area, triage area and low acuity rooms as well as a build-out of a new at-risk behavioral health room and central nursing station. Next month, Kraus-Anderson will begin an extensive remodel of the emergency department’s procedure room and break room as well as an additional build-out of the behavioral health room and exam rooms. This final phase is slated for completion in March.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts