Wednesday, January 14, 2026
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Midwest

DevelopmentIndustrialMidwestWisconsin

McShane to Construct 174,367 SF Manufacturing Build-to-Suit Project in Kenosha, Wisconsin

by Kristin Harlow

KENOSHA, WIS. — McShane Construction Co. will build a 174,367-square-foot manufacturing build-to-suit project in Kenosha. The undisclosed tenant will utilize the space for manufacturing and warehousing metal products. Positioned on an 86-acre site, the precast building will include 77,100 square feet of manufacturing space and 52,500 square feet of warehouse space with a clear height of 40 feet, 10 truck docks and four drive-in doors. The building will also feature 9,000 square feet of office space and 171 parking stalls. As part of the project, McShane will build a bridge, bringing railroad tracks to the site. Completion is slated for June 2026. Harris Architects Inc. is the project architect.

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AcquisitionsMidwestOhioRetail

JLL Brokers $13.8M Sale of Grocery-Anchored Shopping Center in Fairview Park, Ohio

by Kristin Harlow

FAIRVIEW PARK, OHIO — JLL Capital Markets has brokered the $13.8 million sale of Fairview Centre, a 147,602-square-foot shopping center in the Cleveland suburb of Fairview Park. The grocery-anchored property consists of three buildings that are nearly 90 percent occupied by Giant Eagle, which has a 30-year tenure at the center. Additional tenants include Dollar Tree, Onyx Gyms, Goldfish Swim School, UPS and the American Cancer Society. Michael Nieder and Brian Page of JLL represented the seller, Lamar Cos. Axiom Realty purchased the asset.

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AcquisitionsMidwestMinnesotaMultifamily

JLL Brokers Sale of 216-Unit Luxury Apartment Community in Uptown Minneapolis

by Kristin Harlow

MINNEAPOLIS — JLL Capital Markets has brokered the sale of Flux Apartments, a 216-unit luxury apartment community in the Uptown neighborhood of Minneapolis. Built in 2012, the property features amenities such as an outdoor pool, fitness center, yoga studio, outdoor courtyard and dog park. There are 27 floor plans averaging 758 square feet each. Josh Talberg and Joseph Peris of JLL represented the seller, Nuveen Real Estate, and procured the undisclosed buyer.

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AcquisitionsIndustrialKansasMidwest

L&B Realty, Block Real Estate Acquire 624,784 SF Light Industrial Portfolio in Kansas City

by Kristin Harlow

KANSAS CITY, KAN. — L&B Realty Advisors and Block Real Estate have purchased the Kansas City Light Industrial Portfolio, a collection of seven light industrial assets totaling 624,784 square feet across three business parks in Johnson County, Kan. The portfolio’s assets are located in the Switzer, Westbrook and Brookhollow business parks, all positioned directly off I-35. Built between 1979 and 2001, the properties range from 35,901 to 155,213 square feet. The facilities feature an average clear height of 23 feet and offer both multi-tenant and single-tenant formats across 26 total suites. The portfolio is currently 87.3 percent occupied by users such as healthcare providers, manufacturing companies, distribution operations and professional services firms. Notable tenants include Manna Pro Products, HCA Healthcare, University of Kansas Hospital Authority, Siemens Corp. and Temp-Con. Ed Halaburt, Sean Devaney, Kurt Sarbaugh and Ross Bratcher of JLL represented the seller, Clarion Partners.

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DevelopmentIllinoisIndustrialMidwest

CRG Breaks Ground on 364,102 SF Industrial Development in Chicago

by Kristin Harlow

CHICAGO — CRG has broken ground on The Cubes at Roosevelt & Kostner, a two-building, 364,102-square-foot industrial campus on a 20.8-acre site at the southwest corner of Roosevelt Road and Kostner Avenue in Chicago’s North Lawndale neighborhood. Co-developed in a joint venture with Related Midwest and 548 Development, the project will transform a long-vacant site into modern logistics facilities and community amenities, with the first buildings slated for completion in third-quarter 2026. Plans call for two 182,051-square-foot Class A industrial buildings, each featuring a clear height of 36 feet. Together, the facilities will offer 54 dock-high loading doors, four drive-in doors, 323 car parking spaces and 84 trailer parking stalls. Designed by Lamar Johnson Collaborative (LJC) and Ware Malcomb, the buildings will feature ESFR sprinkler systems and are proximate to I-290. General contractor DSI, in partnership with GMA Construction Group, is leading construction. In addition to the industrial facilities, the development will include two community-focused amenities. The developers are donating two 5,000-square-foot community spaces, also designed by LJC and known as “Innovation Centers.” One building will be operated by Black Men United and the other will house the New Covenant Community Development Corp. The project also includes new public green …

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Affordable HousingDevelopmentLoansMichiganMidwestMultifamily

River Caddis Communities Receives Construction Financing for 204-Unit Michigan Affordable Housing Project

by Kristin Harlow

MIDLAND, MICH. — River Caddis Communities (RCC), in partnership with the Capital Area Housing Partnership, has received construction financing for The Dean – Apartments at Eastlawn in Midland. The project will transform a former school site into an affordable and workforce housing community. The Dean will be built on a 6.4-acre site once home to Eastlawn School, which served the community from 1947 to 2017. Upon completion in 2027, the development will feature six three-story residential buildings with 204 units; a clubhouse and leasing center; a community hub with gathering spaces, outdoor amenities and walking/biking connections; and sustainable features such as bike repair stations, energy-efficient design and solar investment supported by federal clean energy tax credits. The Dean will provide housing for families earning up to 40, 60, 80 and 120 percent of the area median income. All utilities will be covered by the landlord. The Michigan State Housing Development Authority awarded $30 million in tax-exempt bonds via the Pass Through Bonds program, utilizing low-income housing tax credits to finance costs of constructing the development. Through a private placement, Huntington Bank will serve as the construction lender. The Sturges Company underwrote the short-term cash-collateralized tax-exempt bonds with institutional lenders. In …

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IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Jensen-Souders Signs 105,000 SF Industrial Lease Expansion in Belvidere, Illinois

by Kristin Harlow

BELVIDERE, ILL. — Jensen-Souders and Associates, a provider of warehousing services for chemicals, rubber products and other miscellaneous products, has signed a 105,000-square-foot industrial lease expansion at 3905-3925 Morreim Drive in the Chicago suburb of Belvidere. Jeff Janda and Jeff Galante of Lee & Associates of Illinois represented the tenant, which renewed and extended its current lease of 60,000 square feet while taking an additional 45,000 square feet to occupy the entire building. Shane Van Sickle of LandMark Real Estate Group represented the landlord, STAG Industrial. Jensen-Souders’ headquarters remains in Itasca.

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AcquisitionsLoansMichiganMidwestMultifamilyStudent Housing

ACRES Capital Provides $30.5M Acquisition Loan for Multifamily Community in Lansing, Michigan

by Kristin Harlow

LANSING, MICH. — ACRES Capital has provided a $30.5 million first mortgage to finance the acquisition of Gateway Lofts, a student-oriented multifamily community in Lansing. Built in 2021, the property features 181 units across a five-story building. In addition to 9,334 square feet of ground-floor retail space, the community features a fitness center, clubhouse, game room, coffee bar, bike storage, conference room and 204 surface parking spaces. The property is located 0.7 miles from Michigan State University. Vesper was the borrower.

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AcquisitionsIndustrialKansasMidwestSelf-Storage

Marcus & Millichap Brokers Sale of Two-Property Self-Storage Portfolio in Topeka, Kansas

by Kristin Harlow

TOPEKA, KAN. — Marcus & Millichap has brokered the sale of a two-property self-storage portfolio with 580 units in Topeka. Located at 3200 S. Kansas Ave. and 235 SW Gage Blvd., the facilities total 67,721 rentable square feet. The properties are 84 percent occupied and include climate-controlled and non-climate-controlled units, outdoor parking and portable units. Sean Delaney and Colby Haugness of Marcus & Millichap represented the Utah-based seller and procured the buyer, a Pennsylvania-based owner that engaged KO Storage to manage the portfolio moving forward.

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AcquisitionsIllinoisMidwestRetail

Mid-America Arranges Sale of 20,427 SF Pebblewood Commons Retail Center in Metro Chicago  

by Kristin Harlow

NAPERVILLE, ILL. — Mid-America Real Estate Corp. has arranged the sale of Pebblewood Commons, a 20,427-square-foot retail center in the Chicago suburb of Naperville. Constructed in 2008, the property is home to dining, health and wellness, and personal services tenants. Joe Girardi and Patrick Corrigan of Mid-America represented the seller, Northern Builders Inc. The asset sold to a public REIT.

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