Tuesday, July 22, 2025
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Midwest

AcquisitionsIndianaIndustrialMidwest

MDH Partners Purchases 808,505 SF Industrial Facility in Franklin, Indiana

by Kristin Harlow

FRANKLIN, IND. — MDH Partners has purchased Franklin Tech Park, an 808,505-square-foot industrial facility in the Indianapolis suburb of Franklin. The purchase price was undisclosed. Constructed in 2009, the property sits on 42 acres at 500 Bartram Parkway. The facility is LEED Gold-certified and features a clear height of 32 feet, 78 exterior dock doors and over 100 trailer parking spaces. The transaction marks the first acquisition in Indiana for Atlanta-based MDH. Upon acquisition, MDH executed a lease with Atlanta-based, third-party logistics provider Broadrange Logistics. Houston Hawley of MDH served as the acquisition lead for the company. JR Wright and John Gosnell of Strategic Real Estate Partners brokered the sale.

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AcquisitionsDevelopmentIndustrialMidwestOhio

Brennan Acquires 34 Acres in Suburban Cincinnati, Plans 445,000 SF Spec Industrial Development

by Kristin Harlow

FAIRFIELD, OHIO — Brennan Investment Group has acquired 34 acres at the intersection of Seward and Symmes roads in Fairfield, a northern suburb of Cincinnati. The firm plans to build two speculative industrial buildings totaling 445,000 square feet. One building will span 282,000 square feet, while the other will total 163,000 square feet. The site is near I-75, I-275 and the Cincinnati-Northern Kentucky International Airport. The seller and sales price were not released.

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AcquisitionsMidwestOhioRetail

SRS Real Estate Brokers $10.2M Sale of Shopping Center in Cincinnati

by Kristin Harlow

CINCINNATI — SRS Real Estate Partners has brokered the sale of Ridgewater Plaza in Cincinnati for $10.2 million. The 175,945-square-foot shopping center is located at 3240 Highland Ave. The property is 92 percent occupied by tenants such as American Freight and NAPA Auto Parts. Jack Cornell of SRS represented the seller, Oklahoma-based Frayer Enterprises, as well as the buyer, an Ohio-based private real estate investment firm.

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AcquisitionsIllinoisIndustrialMidwest

Transwestern Arranges Sale of 131,000 SF Industrial Flex Building in Suburban Chicago

by Kristin Harlow

BATAVIA, ILL. — Transwestern Real Estate Services has arranged the sale of the Campana Building in the Chicago suburb of Batavia for an undisclosed price. The 131,000-square-foot industrial flex building is located at 901 N. Batavia Ave. Michael Marconi and Paige Gunn of Transwestern represented the seller, Campana Redevelopment, and the buyer, Batavia Business Center LLC. The property was 65 percent leased at the time of sale. The new ownership has retained Transwestern to provide leasing and property management services.

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AcquisitionsMidwestOhioRestaurantRetail

Cooper Group Negotiates Sale of P.F. Chang’s-Occupied Property Near Cleveland for $3.8M

by Kristin Harlow

BEACHWOOD, OHIO — The Cooper Commercial Investment Group has negotiated the $3.8 million sale of a single-tenant property occupied by P.F. Chang’s in Beachwood, a suburb of Cleveland. The restaurant’s lease expires in 2025. Dan Cooper of Cooper Group represented the seller, a private investment group, and procured the all-cash buyer. The transaction represents a cap rate of 4.62 percent. The property sold for $543 per square foot and at approximately 98 percent of the list price.

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AcquisitionsIllinoisMidwestRetail

Newport Capital Partners Sells Edens Plaza Shopping Center in Suburban Chicago for $110M

by Kristin Harlow

WILMETTE, ILL. — Chicago-based Newport Capital Partners has sold Edens Plaza in the Chicago suburb of Wilmette for $110 million. Massachusetts-based WS Development was the buyer. The shopping center spans 350,000 square feet. Current tenants include The Fresh Market, Walgreens, Chicagoland Children’s Health Alliance, Starbucks and Big Blue Swim School. The property also comprises a two-story department store that was formerly occupied by Carson Pirie Scott and is currently vacant. Newport acquired Edens Plaza in 2018 and the vacant department store in 2019. WS plans to open the first-ever bricks-and-mortar store for online furniture retailer Wayfair in the department store. Joe Girardi of Mid-America Real Estate Group brokered the transaction.

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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Arranges $44.2M Sale of Apartment Complex in Winfield, Illinois

by Kristin Harlow

WINFIELD, ILL. — Interra Realty has arranged the $44.2 million sale of Winfield Station in Winfield, about 35 miles west of Chicago. The newly built, transit-oriented apartment complex features 162 units and is situated near the Winfield Metra station. The property was 82 percent occupied at the time of sale. Amenities include a resident lounge, business center, fitness center and outdoor pool. Jon Morgan, David Goss and Joe Smazal of Interra represented the seller, an affiliate of Chicago-based Synergy Construction Group, which completed construction of the property in August 2021. Patrick Kennelly and Paul Waterloo of Interra procured and represented the buyer, Mango Shadow LLC.

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AcquisitionsMidwestOfficeWisconsin

Colliers Brokers Sale of 42,000 SF Office Building in Milwaukee

by Kristin Harlow

MILWAUKEE — Colliers has brokered the sale of a 42,000-square-foot office building located at 417 E. Chicago St. in Milwaukee’s historic Third Ward district. The sales price was undisclosed. Eversana, a life sciences company, currently occupies the building for its headquarters. The property was originally constructed in 1964 and completely renovated in 2013 as a build-to-suit for The Dohmen Co., which took occupancy for several years. Tom Shepherd, Jennifer Huber-Bullock and Scott Welsh of Colliers represented the seller, 417 East Chicago LLC, an affiliate of Dohmen. The buyer was 417 Third Ward LLC, an affiliate of Madison-based Hovde Properties.

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IllinoisLeasing ActivityMidwestOffice

RSM Signs 22,256 SF Office Lease at Schaumburg Towers in Suburban Chicago

by Kristin Harlow

SCHAUMBURG, ILL. — RSM, a provider of audit, tax and consulting services focused on the middle market, has signed a 22,256-square-foot office lease at Schaumburg Towers in the Chicago suburb of Schaumburg. RSM plans to relocate from 20 N. Martingale Road in the fourth quarter of this year. Schaumburg Towers is now 73 percent leased. The two-building office complex spans 882,000 square feet. Owner American Landmark Properties has invested more than $20 million in property upgrades since 2017. Steve Kling and David Florent of Colliers represented ownership in the lease transaction. Rick Schuham of Savills represented RSM.

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Leasing ActivityMidwestMissouriOffice

Hunt Midwest to Occupy Second Floor of Corrigan Station II in Kansas City, Missouri

by Kristin Harlow

KANSAS CITY, MO. — Commercial real estate firm Hunt Midwest will take occupancy of the entire second floor of Corrigan Station II in Kansas City beginning this summer. The newly constructed office building rises three stories and spans 22,910 square feet at 1881 Main St. Hunt Midwest will utilize the space as a satellite office for its main headquarters, which is located in SubTropolis, an underground business park in Kansas City. Copaken Brooks owns Corrigan Station II, which offers direct access to one of the city’s streetcar stops. John Coe and Ryan Biery of Copaken Brooks represented ownership, while Hunt Midwest was represented by its management team.

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