Monday, January 19, 2026
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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Negotiates $17M Sale of Chicago Apartment Building

by Kristin Harlow

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.

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AcquisitionsMidwestMinnesotaMultifamily

JLL Arranges Sale of 288-Unit Multifamily Community in Rochester, Minnesota

by Kristin Harlow

ROCHESTER, MINN. — JLL Capital Markets has arranged the sale of The Villages at Essex Park, a 288-unit multifamily community in Rochester. Situated near the Mayo Clinic and the city’s medical district, the property comprises two phases. Essex Park was built in 1999 and includes 144 units. Essex Place, constructed in 1991 and renovated in 2013, features 144 Section 42 income-restricted units at 60 percent of the area median income. Units average 1,005 square feet. Amenities include a clubhouse, fitness center, pool, playground and picnic areas. Josh Talberg, Joseph Peris, Doug Childers and Jack Graveline of JLL represented the seller, Dominium, and procured the buyer, Black Swan Real Estate.

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AcquisitionsIllinoisMidwestMixed-Use

Greenstone Partners Brokers $6.5M Sale of Development Site in Chicago’s Gold Coast

by Kristin Harlow

CHICAGO — Greenstone Partners has brokered the $6.5 million sale of 12-16 W. Maple St., a development site located in Chicago’s Gold Coast neighborhood. Danny Spitz and Malek Abdulsamad of Greenstone represented the seller. The site is currently occupied by a four-story, 20,572-square-foot mixed-use building and an adjacent parcel with a total of 75 feet of frontage along Maple Street. The site is zoned DX-7, Downtown Mixed-Use District, which allows for a wide variety of as-of-right uses, including retail, residential and hospitality.

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DevelopmentMidwestMissouriOffice

HDA Completes 39,000 SF Office Renovation for KCI Construction in Metro St. Louis

by Kristin Harlow

CREVE COEUR, MO. — HDA has completed a 39,000-square-foot office renovation for KCI Construction in Creve Coeur in partnership with ODA Studio. The project transformed an existing building through a comprehensive tenant infill and enhanced both interior and exterior elements of the building. The new headquarters includes amenities such as multiple conference and meeting rooms, focus rooms, a café, dedicated training room and onsite gym.

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AcquisitionsIllinoisMidwestOffice

JLL Arranges Sale of 413,267 SF Mid America Plaza Office Complex in Metro Chicago

by Kristin Harlow

OAKBROOK TERRACE, ILL. — JLL Capital Markets has arranged the sale and financing of Mid America Plaza, a two-building office complex in the Chicago suburb of Oakbrook Terrace. JLL represented the seller, Equus Capital Partners Ltd., in the sale of the property to Tryperion Holdings. JLL also worked on behalf of the buyer to secure an acquisition loan through an insurance company. Mid America Plaza consists of two 10-story office towers totaling 413,267 square feet. The Class A property was recently renovated with a redesigned lobby, updated atrium spaces with three Wi-Fi lounges, a conference center, outdoor terraces and a new fitness center with a golf simulator. Building improvements included elevator modernizations, HVAC upgrades, LED lighting and electric charging stations in the covered garage. The property is 87 percent leased to tenants such as Graycor Services, BCS Financial, Crowe and International Contractors. The asset is situated on 5.3 acres across the street from Oakbrook Center shopping mall. Sam DiFrancesca, Jaime Fink, Bruce Miller and Misha Katashevich of JLL represented the seller. Lucas Borges, Matt Maksymec and Ryan Planek of JLL arranged the financing.

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DevelopmentMidwestMissouriMultifamily

Mia Rose Holdings Breaks Ground on $57.5M Apartment Complex in Wildwood, Missouri

by Kristin Harlow

WILDWOOD, MO. — St. Louis-based developer Mia Rose Holdings LLC, in partnership with Ed Kohn and Greenberg Development Co. LLC, has broken ground on Wildwood Luxury Living. The $57.5 million project will include 188 apartment units and roughly 7,000 square feet of commercial and retail space in Wildwood, a western suburb of St. Louis. The four-story building will total 215,000 square feet. Units will come in studios, one-, two- and three-bedroom floor plans, many with private balconies. Amenities will include green spaces, a pool, fire pits, a fitness center, clubhouse and rooftop terrace. The project site is steps away from Wildwood Town Center. Completion is slated for summer 2027.

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DevelopmentIllinoisIndustrialMidwestSelf-Storage

Hernandez Development Opens 625-Unit Self-Storage Facility in Carol Stream, Illinois

by Kristin Harlow

CAROL STREAM, ILL. — Hernandez Development has opened Carol Stream Self Storage, a 71,510-square-foot self-storage facility with 625 units in suburban Chicago. The three-story building includes 36 drive-up units. CubeSmart will manage the property. G.A. Johnson & Son served as the general contractor.

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AcquisitionsHealthcareKansasMidwest

Marcus & Millichap Brokers $18.7M Sale of Medical Office Building in Wichita, Kansas

by Kristin Harlow

WICHITA, KAN. — Marcus & Millichap has brokered the $18.7 million sale of a cardiology medical office building in Wichita. Located at 3535 N. Webb Road, the 40,912-square-foot property is home to Heartland Cardiology. Spencer Koch, Christopher Biuso, Rory Shelby, Scott Gould and Colby Haugness of Marcus & Millichap represented the seller and procured the buyer.

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AcquisitionsMichiganMidwestRetailWisconsin

Mid-America Brokers Sale of 714,000 SF Retail Portfolio Across Three States

by Kristin Harlow

MICHIGAN, WISCONSIN AND ALABAMA — Mid-America Real Estate Corp. has brokered the sale of a four-property shopping center portfolio totaling over 714,000 square feet of retail space across Michigan, Wisconsin and Alabama. Atlanta-based RCG Ventures sold the portfolio to Beaumont, Texas-based Albanese Cormier. Bison Hollow Shopping Center in Traverse City, Mich., totals 134,798 square feet and is fully leased to Kohl’s, T.J. Maxx and Michaels. The 152,073-square-foot Oak Brook Square in Flint, Mich., is 97 percent leased. Tenants include T.J. Maxx, Hobby Lobby, Five Below, Dollar Tree, Skechers, Bath & Body Works and Buffalo Wild Wings. In Oshkosh, Wis., a two-tenant building totaling 52,302 square feet is fully occupied by Dick’s Sporting Goods and PetSmart. McGowin Park in Mobile, Ala., totals 374,881 square feet and is 98 percent leased to Dick’s House of Sport, Best Buy, Hobby Lobby, Ross, Petco and Old Navy. Ben Wineman of Mid-America brokered the sale in cooperation with Greg Hess of TSCG on McGowin Park; Daniel Stern of Mid-America on Bison Hollow and Oak Brook Square; and Nick Kohlmann, George Ghattas and Dan Rosenfeld of Mid-America on the Wisconsin property.

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AcquisitionsMidwestMissouriMultifamily

Greyhill Group Buys Westminster Place Apartments in St. Louis for $38.2M

by Kristin Harlow

ST. LOUIS — Greyhill Group has purchased Westminster Place Apartments, a 337-unit multifamily property located at 4005 Westminster Place in St. Louis, for $38.2 million. Built during the 1980s to 1990s, the community was 96 percent occupied at the time of sale. Greyhill plans to make improvements to the property and hold it for the long term. The acquisition marks Greyhill’s expansion into its ninth state.

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