Midwest

MOUNT VERNON, ILL. — Contegra Construction has completed a 100,000-square-foot manufacturing facility for PVC-maker Manner Polymers in Mount Vernon. The solar-powered facility is located on a 30-acre site at 401 Fountain Place Drive near I-57 and I-64. McKinney, Texas-based Manner Polymers installed and integrated its advanced manufacturing equipment and systems for producing flexible PVC compounds. Once fully operational, the plant is expected to increase the company’s production capacity by 100 million pounds. Powered by a roof-mounted solar array and a 15-acre solar field, the project is anticipated to create more than 60 new jobs. The facility features 11 dock doors, three drive-in doors and 5,000 square feet of office space. Contegra led the design-build team that included architect Gray Design Group and structural engineer Alper Audi. The design-build subcontractor team included Jarrell Mechanical, Haier Plumbing, Bi-State Fire Protection and Clinton Electric.

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GREENWOOD, IND. — Marcus & Millichap has arranged the $3.8 million sale of an auto repair center occupied by Caliber Collision in Greenwood. The property totals 33,511 square feet and is located at 155 Melody Ave. Caliber Collision occupies the asset under a double-net lease with more than three years remaining on the lease. Mitch Grant, Nicholas Kanich and Josh Caruana of Marcus & Millichap represented the Indiana-based seller. Dominic Sulo, Ryan Engle and Andrean Angelov of Marcus & Millichap procured the Illinois-based buyer.

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ALTOONA, IOWA — Planet Fitness has opened a 15,496-square-foot location at the Outlets of Des Moines in Altoona. Founded in 1992 in Dover, N.H., Planet Fitness is one of the largest franchisors and operators of fitness centers in the world. As of June 30, there were 2,762 clubs worldwide. Outlets of Des Moines is an open-air lifestyle center home to stores such as Coach Outlet, Polo Ralph Lauren, Kate Spade Outlet, Ann Taylor Factory Store and Nike Factory Store.

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CHICAGO — Waterton has acquired The Mason, a 263-unit, 14-story apartment building located at 180 N. Ada St. in Chicago’s Fulton Market district. The purchase price was nearly $90 million, according to CoStar. Units come in studio, one-, two- and three-bedroom layouts. Waterton plans to implement a light value-add program, including in-unit flooring upgrades and enhancements to common areas and amenity spaces. The Mason’s amenities include a rooftop deck, pool deck, fitness center, remote work space, a dog wash and dog run.

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JOLIET, ILL. — Mapletree Investments has acquired a 29.4-acre site at 1035 W. Laraway Road in Joliet with plans to develop a logistics facility totaling 418,880 square feet. The transaction marks the company’s second acquisition in Joliet this year, following the May purchase of an 18.1-acre site at 3600 Houbolt Road where it will build a 276,000-square-foot warehouse. Both sites provide direct connectivity to the Joliet Intermodal Center — North America’s largest inland port — home to both the Union Pacific and BNSF Joliet Intermodal Terminals. The Laraway Road project will feature a clear height of 40 feet, 80 dock doors, 100 trailer stalls and 172 car parking spaces. Matthew Stauber and Steve Ostrowski of Colliers represented the seller and worked directly with Mapletree to secure the transaction. Mapletree currently owns and manages more than 10 million square feet of industrial assets in the Chicago market.

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MINNEAPOLIS — Accesso has secured a one-year extension on the loan associated with the IDS Center, a 57-story office tower in Minneapolis. Ownership has also secured 110,000 square feet in new leases signed since the beginning of the year. Some of the recent activity includes a 25,513-square-foot, full-floor lease for Associated Bank NA, a 23,796-square-foot renewal for Husch Blackwell LLP, a 15,179-square-foot renewal for Zimmerman Reed LLP and a 13,515-square-foot renewal and expansion for architecture and design firm Perkins&Will. Spanning 1.4 million square feet, IDS Center features a public plaza and retail storefronts in addition to office space.

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MADISON, WIS. — Marcus & Millichap has arranged the sale of Whitney Point Apartments in Madison for an undisclosed price. The property features 48 multifamily units and three retail suites. Located at 5414 Mineral Point Road on the city’s west side, the asset was built in 2020 as Phase I of a larger redevelopment plan. The site allows for a proposed Phase II that would add approximately 100 residential units and 8,250 square feet of retail space. Matthew Whiteside, Paul Rider and Don Schmidt of Marcus & Millichap represented the seller, Whitney Point Properties LLC, and procured the buyer, Whitney Point LLC.

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TROY, MICH. — Stepful Inc., a training center that helps users launch careers in healthcare, has signed a two-year, 2,400-square-foot medical office lease at 637 E. Big Beaver Road in Troy. James Mitchell of Dominion Real Estate Advisors LLC represented the tenant in the lease. Rick Ax of NAI Farbman represented the undisclosed landlord.

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WESTFIELD, IND. — Skender will build a $105 million mixed-use project in downtown Westfield, a northern suburb of Indianapolis. Previously known as Jersey 32, the development was recently renamed The Grand on Main. The Westfield City Council approved the project in July. Plans call for 216 residential units, 51,000 square feet of ground-floor retail space and more than 15,000 square feet of commercial office space. Skender will also move into office space within the development. In addition to Skender, the project team includes BW Development and Studio M as designer. Construction is scheduled to begin later this year, with completion slated for 2027.

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ST. FRANCIS, WIS. — M&R Development has broken ground on a 278-unit luxury apartment complex on a bluff overlooking Lake Michigan in St. Francis, about five miles south of downtown Milwaukee. Named The Bluffs on Lake, the project will offer units ranging from studios to three bedrooms. M&R is co-developing the property with Campbell Capital Group LLC, the same firm it teamed with for the development of 42 Hundred on the Lake, a 236-unit luxury building just south of The Bluffs on Lake that opened in 2021. Located on a 21-acre site at 3700 S. Lake Drive, The Bluffs on Lake will comprise a four- and five-story building with one level of underground parking and 8,000 square feet of first-floor retail space, some of which is earmarked for a restaurant with outdoor seating. First deliveries are targeted for late 2026 with preleasing expected to start that fall. The project will feature a business center, meditation room, Zen Garden, self-service package room and two-level fitness center. A two-story clubhouse will include an entertainment lounge, coffee bar, media room, game room and pet spa. A main outdoor courtyard will comprise an infinity-edge pool, grilling stations and bocce ball court. A second courtyard …

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