CHICAGO AND KANSAS CITY, MO. — MAG Capital Partners has purchased two food-grade production facilities via a sale-leaseback in metro Chicago and Kansas City. The seller was a provider of ingredients for food, pet and personal care segments. The portfolio comprises 165,000 square feet of manufacturing, warehousing and R&D space on 33 acres.
WOODRIDGE, ILL. — ML Realty Partners has secured a lease agreement with Rowan Electric Appliance LLC for a newly constructed industrial building totaling 132,892 square feet in Woodridge. The tenant will utilize the facility for warehousing and distribution of household refrigeration and heating appliances. The property features a clear height of 32 feet, 38 exterior truck docks and two drive-in doors. Alex Zhang of Topsky Realty Inc. and Pengfei Zhang of Cloudup Realty LLC represented the tenant, while Mark Moran, Dan Leahy and John Whitehad of NAI Hiffman represented the landlord.
GRANDVIEW HEIGHTS, OHIO — VIUM Capital, a seniors housing and healthcare commercial real estate finance firm, has leased 14,808 square feet of new headquarters space at 995 Yard Street within Grandview Yard in Grandview Heights, just north of Columbus. Clayton Davis of JLL represented the tenant. Grandview Yard is a 125-acre mixed-use development featuring more than 1.2 million square feet of office space, 1,500 residences, hospitality, retail and restaurant uses. The neighborhood is home to businesses such as Nationwide Insurance, OhioHealth, Ernst & Young, Willis, Ineos and Acrisure. The office at 995 Yard St. consists of two connected four-story buildings totaling 245,000 square feet. Amenities include Crossings Café, a fitness center and conference facility. Construction on VIUM’s space is underway, with occupancy slated for the first quarter of 2026.
MERRILLVILLE, IND. — Greystone has provided a $26.3 million Freddie Mac loan to finance the acquisition of Tiberon Trails Apartments in Merrillville. Additionally, Greystone Equity Services brought in MORE Capital, an affiliate of Morgan Properties, as a preferred equity provider. MORE Capital supplied a nearly $5 million preferred equity loan in conjunction with the Freddie Mac financing. Eric Rosenstock of Greystone originated the Freddie Mac loan on behalf of the borrower, Bayshore Properties. The loan features a fixed interest rate over a five-year term with a 30-year amortization and two years of interest-only payments. Tiberon Trails comprises 374 units with a mix of studio, one-, two- and three-bedroom layouts. Amenities include a playground and fitness center.
KANSAS CITY, MO. — EHP Capital and Aspen Funds have purchased Hunters Glen Apartments in Kansas City for $27 million. The partnership will launch a comprehensive renovation plan to modernize interiors and upgrade amenities at the 253-unit multifamily community. The property was built in 1975 and includes studio through three-bedroom floor plans ranging from 506 to 1,127 square feet, according to Apartments.com.
WAUKESHA, WIS. — Associated Bank has provided a $6.5 million loan for the acquisition of Ridgeview Industrial Center IV in Waukesha. The 89,405-square-foot building, constructed in 2003 and remodeled in 2023, is fully leased to two tenants. The property is located just off the intersection of I-94 and Redford Boulevard, with logistics access to I-41 and I-43. The borrower, Capital Partners, currently manages 16.2 million square feet of industrial properties. Randy Stille of Associated Bank handled the loan arrangements and closing.
CHICAGO — SVN Chicago Commercial has brokered the $1.4 million sale of an apartment building located at 1329 W. 18th St. in Chicago’s Pilsen neighborhood. The asset features five recently rehabbed apartment units, rear garage parking and a newly signed retail lease with a five-year term. SVN’s Cawthon-Labriola Group represented both the out-of-state buyer and the seller.
ELMHURST, ILL. — Related Products, a packaging company, has signed a 4,800-square-foot industrial lease at 736-778 Industrial Drive in the Chicago suburb of Elmhurst. Dustin Albers of Lee & Associates represented the tenant. The property owner, Value Industrial Partners LLC, was self-represented.
DEARBORN, MICH. — Ford Motor Co. has unveiled plans to open a new Ford World Headquarters at its Dearborn product development campus, the new Henry Ford II World Center. The 2.1 million-square-foot property will house thousands of engineering, design and technology team members together in one collaborative space that is twice the size of the company’s current headquarters and built to accommodate double the employees. Construction is underway, and hundreds of employees are working in the building already. The majority of the facility will be complete this year, but work will continue through 2027 on a final section of the site. Upon completion, up to 4,000 people can work from the headquarters with a total of 14,000 employees within a 15-minute walk of the new World Headquarters building. Once Ford has vacated the former headquarters, dubbed the Glass House, the facility will be demolished over the course of 18 months. Ford plans to “repurpose the site as an asset to its teams and community.” Ford is working with the City of Dearborn on a plan for how the site can best serve employees and neighbors. Glass House, which totals 950,000 square feet, has housed Ford’s headquarters since 1956. Ford will …
FOREST PARK, ILL. — Eastham Capital has sold Central Park Apartments in Park Forest, a southern suburb of Chicago, for $23.2 million. Eastham acquired the 220-unit property for the portfolio of Eastham Capital Fund V LP in partnership with Bender Cos. in September 2019. At the time, Central Park Apartments marked the second collaboration between Eastham and Bender. To date, the companies have co-invested in 10 properties. Over the six-year hold period, ownership completed exterior renovations to Central Park Apartments, including parking lot resurfacing, sidewalk repairs and patio concrete upgrades. The property averaged more than 97 percent occupancy during the ownership period. The community at 11 Fir St. features a mix of one-bedroom units as well as two- and three-bedroom townhomes ranging from 724 to 1,326 square feet.