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Midwest

AcquisitionsIndustrialMichiganMidwestOhioWisconsin

MAG Capital Partners Buys 352,625 SF Industrial Portfolio Across Three Midwest States

by Kristin Harlow

OHIO, MICHIGAN AND WISCONSIN — MAG Capital Partners has purchased a 352,625-square-foot industrial portfolio in a sale-leaseback with Robbins Sports Surfaces, a Cincinnati-based manufacturer of high-performance flooring systems. The properties are located in Ohio, Michigan and Wisconsin and comprise manufacturing, warehouse, lumber processing, milling, finishing, assembly and office space across more than 111 acres. Phil DiGennaro and Joe DiGennaro of STREAM Capital Partners represented the seller.

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AcquisitionsIllinoisIndustrialMidwest

Industrial Outdoor Ventures Acquires 5.7-Acre Property in Roselle, Illinois

by Kristin Harlow

ROSELLE, ILL. — Industrial Outdoor Ventures (IOV) has acquired an industrial outdoor storage (IOS) property located at 160 N. Garden Ave. in Roselle. The 5.7-acre property features a 28,964-square-foot maintenance building and a 1,350-square-foot standalone office. The maintenance building features 13 drive-thru service bays and four additional drive-in doors. IOV plans to make improvements to the facility as part of a leasing initiative. With this acquisition, IOV owns seven Chicago-area assets totaling 90 acres with approximately 158,500 square feet of buildings for storage, maintenance and complementary uses. Matt Garland of Cawley represented the seller, a regional cell tower construction and maintenance company. Garland and Andrew Maletich of Cawley have been named the leasing agents for the property.

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AcquisitionsIndustrialMichiganMidwestSelf-Storage

Marcus & Millichap Arranges Sale of 1,103-Unit Self-Storage Property in Metro Detroit

by Kristin Harlow

WESTLAND, MICH. — Marcus & Millichap has arranged the sale of Five Star Store It, a 1,103-unit self-storage property in the Detroit suburb of Westland. The sales price was undisclosed. The facility sits on 22 acres at 5235 S. Merriman Road and features 30 climate-controlled units, 774 non-climate-controlled units and 229 parking spaces totaling 115,707 net rentable square feet. A retail component on the property will be converted into climate-controlled storage. Brett Hatcher, Gabriel Coe and Nathan Coe of Marcus & Millichap represented the private regional seller and procured the buyer, MyPlace Storage.

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IllinoisIndustrialLeasing ActivityLee & AssociatesMidwest

Lee & Associates Negotiates 188,142 SF Industrial Lease in Carol Stream, Illinois

by Kristin Harlow

CAROL STREAM, ILL. — Lee & Associates of Illinois has negotiated a 188,142-square-foot industrial lease at 815 Kimberly Drive in the Chicago suburb of Carol Stream. The 406,000-square-foot property is now fully leased. Kenneth Franzese, John Cassidy and Jay Farnam of Lee & Associates represented the landlord, Prologis. NAI Hiffman represented the tenant, Bulldog Cartage, which is undergoing an expansion from its primary location in Addison, Ill.

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AcquisitionsMidwestOfficeWisconsin

NAI Pfefferle Brokers Sale of Two Office Buildings in Sheboygan, Wisconsin

by Kristin Harlow

SHEBOYGAN, WIS. — NAI Pfefferle has brokered the sale of two office buildings in Sheboygan totaling 64,736 square feet. The sales price was undisclosed, but the asking price was $3.7 million. The properties are located at 4135 and 4136 Sud Parkway. Dane Checolinski and Tom Fisk of NAI Pfefferle brokered the sale.

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IllinoisIndustrialLeasing ActivityMidwest

Amsco Distributing Signs 15,000 SF Industrial Lease in Huntley, Illinois

by Kristin Harlow

HUNTLEY, ILL. — Amsco Distributing has signed a 15,000-square-foot industrial lease at 11419 Smith Drive in the Chicago suburb of Huntley. Kevin Kaplan of Entre Commercial Realty negotiated the lease. The tenant will utilize the facility for its third-party logistics operations. The multi-tenant building is also home to Pound for Pound Fitness.

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Affordable HousingDevelopmentIllinoisMidwestMultifamily

JV Completes 58-Unit Affordable Housing Project in Chicago’s Auburn Gresham Area

by Kristin Harlow

CHICAGO — Evergreen Real Estate Group, Imagine Group and KLEO Enterprises have completed Auburn Gresham Apartments, a two-building, 58-unit affordable housing community in Chicago’s Auburn Gresham neighborhood on the South Side. The project was a joint venture between developers Evergreen and Imagine, in collaboration with KLEO, the Chicago Department of Planning and Development (DPD) and the Chicago Department of Housing. The development, which won a 2020 DPD request for proposals for vacant city land at 79th and Green streets, was initially envisioned as a single building. Following three community workshops, the developers shifted more than half of the proposed units to a second city-owned site at 79th and Halsted streets. The complex now comprises a three-story building with 28 units and 5,200 square feet of retail space and a five-story building with 30 units and 3,300 square feet of commercial space. All residences are reserved for households with incomes at or below 60 percent of the area median income. Professionally managed by Evergreen, the units are approximately 75 percent leased. Commercial tenants will include for-profit development and property management firm KLEO, Italian restaurant The Auburn and K.L.E.O. Community Family Life Center, a nonprofit dedicated to youth development. Designed by Ross …

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DevelopmentMidwestOhioRetail

Sansone Group, Clous Road Partners Break Ground on 91,000 SF Retail Development in Ohio

by Kristin Harlow

WEST CHESTER TOWNSHIP, OHIO — Sansone Group and Clous Road Partners have broken ground on Village North, a 91,000-square-foot retail development in West Chester Township near Cincinnati. The 12.6-acre project will feature five buildings and will be anchored by a 40,000-square-foot Whole Foods store. Buffalo Construction will serve as general contractor, while Cushman & Wakefield will handle leasing. Village North is slated to open in 2026.

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AcquisitionsIowaMidwestMultifamily

Greysteel Brokers $38M Sale of Multifamily Community in West Des Moines

by Kristin Harlow

WEST DES MOINES, IOWA — Greysteel has brokered the $38 million sale of Polo Club Apartments in West Des Moines. Built in 1998, the apartment property features 277 two-bedroom units. BJ Connolly, Zach Schneider and Ryan Carter of Greysteel represented the seller, Polo Club LLC/Premier Cos. The undisclosed buyer represented itself and plans to embark on a full renovation of the community.

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