CHICAGO — JLL Capital Markets has secured $35.6 million in acquisition financing for the Chicago Infill Industrial Seed Portfolio, a collection of four shallow-bay assets totaling 411,781 square feet in the O’Hare, Northwest Cook and North DuPage submarkets. Danny Kaufman, Lucas Borges, Mary Dooley, Emma Berner and Annie Thomas of JLL represented the borrower, a newly formed joint venture between Matterhorn Venture Partners and TPG Angelo Gordon U.S. Real Estate. The transaction represents the initial investment for the joint venture, which is targeting value-add Midwest industrial acquisitions. Built in the mid-1980s, the portfolio features clear heights ranging from 18 to 24 feet, 30 dock doors and four drive-in doors across the four buildings.
MIDDLETON, WIS. — CBRE has negotiated two 20-year lease extensions totaling 233,694 square feet for Thermo Fisher Scientific’s PPD clinical research business in Middleton near Madison. The Boston-based life sciences company will continue to occupy both laboratory buildings. CBRE’s Chase Brieman and James West represented the landlord, an affiliate of New York City-based global investment manager Nuveen. John Boyle and Roger Williams of Cushman & Wakefield and Craig Stanley and Deana Porter of Broadwing Advisors represented the tenant.
LAKE FOREST, ILL. — Greenstone Partners has arranged the $8.9 million sale of Conway Park, a 225,000-square-foot office complex in the northern Chicago suburb of Lake Forest. Danny Spitz of Greenstone represented the buyer, The STG Group, a private real estate investment group based in Petaluma, Calif. Matthew Tarshis, Andrew Rubin, Andrew Picchietti, Zack Pearlstein and Andrew Slovis of Frontline Real Estate Partners represented the undisclosed seller. The property is currently 43 percent leased. Three of the five largest tenants have lease terms extending through 2030 and beyond.
PLAINFIELD, ILL. — Trammell Crow. Co. (TCC) has announced a full-building lease and plans for Phase II of Plainfield Business Center in Plainfield, about 40 miles southwest of downtown Chicago. RJW Logistics Group has leased Building 1, which totals 788,000 square feet. TCC plans to break ground on Building 2 in the second quarter. That building will also total 788,000 square feet. RJW is a retail-focused logistics and supply chain solutions provider. The Woodridge, Ill.-based company operates more than 16 distribution centers across Illinois, Texas and Pennsylvania. Dominic Carbonari of JLL represented RJW in its lease negotiations. Matt Mulvihill and Phil DeBoer of CBRE represented the landlord. Building 2, which is being built on a speculative basis, will sit on 46 acres and feature a clear height of 40 feet, 80 dock doors expandable to 156 and 211 trailer parking stalls. The site offers proximity to both I-55 and I-80. At full build-out, Plainfield Business Center will encompass more than 8 million square feet of industrial space. Harris Architects designed Plainfield Business Center, and Krusinski Construction Co. was the general contractor for Phase I. Kimley-Horn is the civil engineer.
EDGERTON, KAN. — SparrowHawk has completed its first acquisition since securing $300 million in growth capital from Almanac Realty Investors. The company acquired a 764,735-square-foot warehouse in Edgerton near Kansas City that is fully leased. The building is within Logistics Park KC, an industrial park that currently has 17 multi-tenant buildings totaling 10.8 million square feet. Developed in 2016, the property is occupied by two tenants. In mid-2025, Faith Technologies took occupancy of 463,435 square feet at the north end of the building. Smart Warehousing, which occupies 302,492 square feet of space, is an original tenant of the building. The property features 101 dock doors, four drive-in doors, parking for 337 cars and 99 truck trailers and a clear height of 36 feet. Mark Long and John Hassler of Newmark Zimmer represented both SparrowHawk and the seller, a development firm and its institutional capital partner.
CHICAGO — Skender has completed the 230,000-square-foot build-out of Invenergy’s One South Wacker Drive headquarters in Chicago. The developer, owner and operator of power infrastructure originally occupied floors 18, 19 and 20. Skender completed upgrades to those floors in addition to the demolition and full construction of five additional floors (14-17). The project team included Lumen Workplace as owner’s representative, Partners by Design as architect and Syska Hennessy as engineer. Skender completed the build-out and renovation in three phases over the course of 12 months. The open-office concept features a three-floor atrium stair, two roof decks, a large café and an 8,000-square-foot control center for managing global power markets and operations. Floor 15 now serves as the heart of the workplace with a new reception area and boardroom.
PITTSFIELD TOWNSHIP, MICH. — Lockwood Cos. has opened Haverhill on Clark, a 295-unit affordable housing community located at the southwest corner of Clark and Golfside roads in Pittsfield Township near Ann Arbor. Haverhill on Clark represents a more than $76 million investment in Pittsfield Township and Washtenaw County. The community is located across from Washtenaw Community College and Trinity Health St. Joseph Mercy Hospital. Amenities include a pool, fitness center, gathering spaces, outdoor play structures, electric vehicle charging stations and pet-friendly accommodations.
SALINA, KAN. — Davcon Aviation has unveiled plans for a phased development program at Salina Regional Airport in Kansas. Cushman & Wakefield is the leasing agent for the project. In collaboration with the Salina Airport Authority, the project will be anchored by a new Class A maintenance, repair and overhaul (MRO) hangar complex. At full build-out, the development will include more than 300,000 square feet of aviation facilities, representing a capital investment of $100 million. The project follows Davcon’s recently announced developments at Wichita’s Dwight D. Eisenhower National Airport and Topeka Regional Airport. Jerry Noble, Adam Madison, Kyle Stickles, Robb Vallier and Faith Kruckenberg of Cushman & Wakefield will serve as the leasing team. Davcon Aviation Partners LLC is a national airport hangar development company based in Mesa, Ariz.
KANSAS CITY, MO. — Hunt Midwest has formed a build-to-suit joint venture with Prologis at two Hunt Midwest-owned industrial parks in Kansas City. The 3,300-acre KCI 29 Logistics Park, Missouri’s largest industrial megasite under single ownership planned for up to 20 million square feet of industrial development, anchors the new partnership alongside the nearby Five Star Logistics Park, which is capable of supporting up to 800,000 square feet of Class A industrial space. “This partnership is a tremendous opportunity to align Hunt Midwest’s local resources with Prologis’ global user relationships to ensure Kansas City and Missouri are competing for the most impactful logistics projects,” says Ora Reynolds, president and CEO of Hunt Midwest. Hunt Midwest says the new agreement will also bolster the entire Kansas City area’s reach with site selectors, brokers, industry leaders and other clients to drive economic development in the region.
ARLINGTON HEIGHTS, ILL. — Bradford Allen has begun preleasing for Arbor House, a 301-unit luxury apartment complex in Arlington Heights. First move-ins are scheduled for this spring. Located at 25 E. Algonquin Road, the eight-story community offers studio, one-, two- and three-bedroom layouts, with monthly rents starting at $1,895. Arbor House features 17,500 square feet of indoor and outdoor shared spaces and amenities, including a pool, resident lounge, coworking spaces, a fitness center, concierge and package services, pet-friendly facilities and covered parking. The property also features 26,000 square feet of ground-floor retail space. Arbor House will serve as the anchor development of Bradford Allen’s 18-acre mixed-use district known as Arlington Gateway. The concept includes a full renovation of the former Daily Herald building, now branded as Arlington Med, a 150,000-square-foot wellness center.