BATAVIA, ILL. — Aldi, a German discount, small-format grocer, plans to open 180 new stores across 31 states this year. By the end of the year, Aldi will operate approximately 2,800 U.S. grocery stores, including its first Maine location in Portland and 10 new stores in the metro Phoenix area. The grocer has operated stores in the United States for 50 years and has gained a loyal following in recent years as the demand for discount grocery items increases in the face of inflation. The company disclosed that 17 million Americans shopped at Aldi for the first time in 2025. “One in three U.S. households shopped at Aldi this past year, and in 2026, we’re focused on making it even easier for customers to shop our aisles first,” says Atty McGrath, CEO of Aldi U.S. Aldi, whose U.S. headquarters is in Batavia, plans to continue its expansion over the next five years in the Southeast and West regions. In the Southeast, Aldi continues to convert former Winn-Dixie retail locations following Aldi’s acquisition of Winn-Dixie and Harveys Supermarket from Southeastern Grocers in 2023. Aldi plans to reposition 80 former Winn-Dixie stores by the end of the year and 200 total by 2027. …
Midwest
EDINA, MINN. — JLL Capital Markets has negotiated the sale of The Eddi at Pentagon Village, a luxury apartment community with 202 units in Edina. Completed in 2023, the property is positioned within the Pentagon Village development. Units average 753 square feet. According to JLL, The Eddi is the largest wood-frame modular apartment building in Minnesota, with 205 modules manufactured off site by Rise Modular and stacked atop a site-built concrete parking and amenity podium. Amenities include a fitness center, pool, clubroom, coworking spaces, dog spa and outdoor fire pits. Josh Talberg, Joseph Peris and Jack Graveline of JLL represented the sellers, Rise Modular and Soloman Real Estate Group. Oaks Properties was the buyer.
GRAND RAPIDS, MICH. — Mid-America Real Estate Corp. has brokered the sale of Cascade East, a 99,529-square-foot, grocery-anchored retail center in Grand Rapids. The property was 97 percent leased at the time of sale to D&W Fresh Market, Hallmark, Sola Salon Studios, iSmash, Your Pets Naturally, HOTWORX, Warhammer and Pit Stop Catering. Ben Wineman, Eric Geskermann and Daniel Stern of Mid-America represented the seller, a publicly traded REIT. Batal Real Estate, a metro Detroit-based private investment firm, was the buyer.
MANHATTAN, KAN. — Contegra Construction is building a 70,000-square-foot distribution center in Manhattan on behalf of Jones Development. Completion is slated for this spring. Dubbed Project Wildcat, the distribution center is adjacent to Manhattan Regional Airport near I-70. The development will feature a clear height of 20 feet and 12 overhead doors, including three high-speed doors at a van loading area and nine docks with full dock equipment packages. The facility will also feature 7,000 square feet of office space and an employee break area. Parking will accommodate 205 employee vehicles, 187 vans and 17 trucks.
ADDISON, ILL. — Essex Realty Group has arranged the $3.3 million sale of 439-449 W. Stevens Drive, a 23-unit multifamily property in Addison. Anthony Citriglia of Essex Realty Group brokered the transaction. Additionally, Asher Motew, Quinn Keenan and Elliott Quigley of Essex Capital Markets arranged a $2.2 million acquisition loan through Freddie Mac. The five-year loan features interest-only payments for two years.
GRAND RAPIDS, HOLLAND, NORTON SHORES AND BIG RAPIDS, MICH. — Cushman & Wakefield has brokered the $56 million sale of the Michigan OneOncology Cancer Center portfolio, a five-property portfolio totaling 152,289 square feet across western Michigan. The oncology-focused medical outpatient buildings, located in Grand Rapids, Holland, Norton Shores and Big Rapids, were fully leased at the time of sale. OneOncology operates the centers in partnership with The Cancer & Hematology Centers. The facilities are situated near Corewell Health and Trinity Health hospitals. Each property serves as a treatment hub with infusion bays, onsite radiation oncology and specialty pharmacy services. Gino Lollio, Travis Ives, Tyler Morss and Garrett Keais of Cushman & Wakefield represented the seller, a group of physicians and investors associated with the operating practice of the facilities.
CHAMPAIGN, ILL. — Marcus & Millichap has arranged the $13.3 million sale of University Commons, a 100-unit student housing property in Champaign. Located at 209 E. University Ave., the building comprises 95 fully furnished units in a variety of floor plans along with five ground-floor retail spaces. Built in 2018, the 68,309-square-foot property spans 2.7 acres and features amenities such as a gym, recreation center and study room. The asset is situated a few blocks from the University of Illinois campus. Sam McCarthy and Scott Harris of Marcus & Millichap represented the seller and procured the buyer, Illini Rental Properties LLC, which plans to complete modest interior and common area upgrades as well as enhancements to the retail portion.
DUBUQUE, IOWA — Phoenix Investors has acquired a 287,025-square-foot industrial facility located at 2150 Kerper Blvd. in Dubuque. The property features 12 docks and a rail spur serviced by Canadian Pacific. According to Phoenix, the facility is ideal for heavy manufacturing or distribution and offers extensive car and trailer parking. Milwaukee-based Phoenix’s portfolio totals approximately 85 million square feet across 27 states.
Marking its first store in Ohio is SKIMS, an underwear, loungewear and shapewear brand founded by Kim Kardashian. Joybird opened its first Ohio showroom at Easton Gateway on Friday, Nov. 14, marking the brand’s 15th retail storefront nationwide. The showroom offers an immersive environment for home design enthusiasts and interior designers. Portland Leather also opened its first store in Ohio. Founded in 2015, the company designs handcrafted, full-grain leather bags and wallets. With an expanded footprint at Easton, Abercrombie & Fitch introduces a new denim experience with enhanced fit options. Windsor is a women’s apparel retailer for elevated dresses and cocktail attire. Co-developed by The Georgetown Co. and L Brands, Easton is a 1,300-acre mixed-use destination. At the heart of the master planned development is Easton Town Center, which is home to more than 250 shops, restaurants and entertainment venues. Steiner + Associates handles management and leasing of Easton Town Center.
CHICAGO — Interra Realty has negotiated the $17 million sale of 506 W. Deming Place in Chicago’s Lincoln Park neighborhood. The 49-unit vintage apartment building was built in 1915. Amenities include a laundry room, bike storage room and fitness facility. Recent renovations include modernization to some residences with in-unit laundry. The buyer, Horizon Realty Group, plans to make additional improvements to units and common areas. Colin O’Malley of Interra represented the confidential seller as well as the buyer. The building was 98 percent occupied at the time of sale.