CHICAGO — Interra Realty has brokered the $10.5 million sale of Logan Station, a 24-unit apartment building in Chicago’s Logan Square neighborhood. Built in 2007, the property was fully occupied at the time of sale. Units average 1,500 square feet. Joe Smazal and Mark Dykstra of Interra represented the confidential seller and procured the buyer, Breneman Capital, which plans to implement a light value-add program to interiors.
CHICAGO — Transwestern has negotiated the sale of a vacant, single-story building totaling 5,370 square feet in Chicago’s River North. The property at 625 N. Kingsbury St. sold for $2.3 million. David Kimball of Transwestern represented the seller, an entity controlled by Urban Innovations. Mark Kishtow of Jameson Commercial represented the buyer, a local private investor who plans to convert the property into a Top Dog Daycare & Hotel opening this summer. The transaction also includes an adjacent 24-space surface parking lot. Originally designed and developed in 1997 by Chicago architect Stanley Tigerman, the building features a column-free interior, exposed timber truss construction and ceiling heights exceeding 21 feet at the center.
GLENDALE HEIGHTS, ILL. — Eastham Capital has acquired The Flats at Gladstone in the Chicago suburb of Glendale Heights with its operating partner Bender Cos. The purchase price was $24.1 million. The 168-unit, garden-style community was 96 percent leased at the time of sale. Rents average $1,690 per month. Built in 1977, The Flats at Gladstone consists of 31 buildings. A renovation plan calls for more than $2.5 million in exterior building improvements and interior unit upgrades, complemented by the construction of a new clubhouse with a fitness center, leasing office and maintenance shop. To date, Eastham and Bender have co-invested in 12 projects.
SHELL KNOB, MO. — TopSide Marinas has acquired Campbell Point Marina on Table Rock Lake in Shell Knob within southwest Missouri. The transaction marks the third for TopSide Marinas in Missouri and the Ozarks, after the acquisition of Cape Fair Marina and Hideaway Marina in 2023. Campbell Point Marina features more than 280 wet slips ranging in length from 24 to 80 feet. Amenities include wet storage, fuel, boat rentals, retail and an ice cream shop. This spring, TopSide Marinas will expand the capacity with the addition of 50 new wet slips, constructed by its in-house dock building partner James River Dock Services.
CHICAGO — The Boulder Group has arranged the $5.3 million sale of a single-tenant retail property net leased to CVS in Chicago. Constructed in 2002, the 15,414-square-foot building is located at 3951 W. 103rd St. CVS recently executed a long-term lease extension through January 2039. The lease features 10 five-year renewal options with 5 percent rental escalations in each option period. Portions of the property are master leased by CVS to Subway and CD One Price Cleaners, both of which have been operating at the location since 2002 and 2003, respectively. Randy Blankstein, Jimmy Goodman and John Feeney of Boulder Group represented the seller, a Northeast-based real estate investment company. The buyer was a self-represented real estate trust.
MEQUON, WIS. — Kolberg-Pioneer Inc., a division of Astec Industries, has signed a lease with St. John Properties Inc. for 8,353 square feet at Donges Bay Office Center in the Milwaukee suburb of Mequon. The two-story office building totals nearly 36,000 square feet. The company, which provides equipment servicing the infrastructure, aggregates and mining industries, plans to relocate approximately 20 employees to the building at 10375 N. Baldev Court later this year. Greg Fax represented the landlord on an internal basis, while Brett Garceau of Colliers represented the tenant. St. John Properties acquired the building in 2022.
ST. PETERS, MO. — SparrowHawk, through a joint venture partnership with Almanac Realty Investors, has acquired Premier 370 DC II, a 366,900-square-foot distribution center on 20 acres in the Premier 370 Business Park in St. Peters near St. Louis. The purchase price was $28.5 million. Panattoni developed the property in 2023. Reaction Auto Parts occupies 265,393 square feet, while the remaining 101,000 square feet has been leased by Crown Packaging Corp. The building features a clear height of 36 feet, 60-foot loading bays, parking for 100 cars and 27 trailers, 13 dock-high doors, one drive-in door, an ESFR sprinkler system and LED lighting. Premier 370 Business Park is located at Highway 370 near I-70. Tenants include Amazon, Reckitt Benckiser and Medline. In late 2025, Almanac committed $300 million in growth capital to SparrowHawk, which utilized some of that capital for the acquisition of a 764,735-square-foot warehouse in Edgerton, Kan.
EAGAN, MINN. — Founders Properties has acquired Gateway I & II, a fully leased, two-building industrial portfolio totaling 169,656 square feet on Lone Oak Road in Eagan, for $26.4 million. The properties, built in 2016 to 2018, feature a clear height of 24 feet, ample dock doors and fenced trailer parking. Judd Welliver and Bentley Smith of CBRE represented the undisclosed seller.
CHESTERFIELD, MO. — Gantry has arranged a $22 million permanent loan to refinance maturing debt for Chesterfield Commons, a retail power center in Chesterfield, a western suburb of St. Louis. Anchor tenants at the 750,000-square-foot inline center include Walmart, Sam’s Club, Lowe’s, Best Buy and Ross. Additional tenants include a mix of 40 restaurant, fast food, beauty, fashion, professional service, sporting goods, banking, home goods and health and wellness. Joe Monteleone and Rulin Dai of Gantry represented the borrower, a private real estate investor. One of Gantry’s correspondent insurance company lenders provided the five-year, fixed-rate nonrecourse loan, which offers full-term interest-only payments. Gantry will service the loan for the lender.
FARMINGTON HILLS, MICH. — Farbman Group has expanded its family of organizations with ClimateGuard Pro, a new temperature and environmental monitoring solution. ClimateGuard Pro was created to protect buildings, prevent emergencies and enhance operations by helping identify areas of risk, monitor temperatures during winters or heavy summer rains, detect potential liquid infiltration in office suites and protect pipes from bursting. Farbman Group has appointed Jordan Valasek, senior vice president and director of property management, to lead ClimateGuard Pro sales. The company started within the Farbman Group property-managed portfolio and is expanding outside the firm’s managed properties to buildings throughout the Midwest. ClimateGuard Pro joins Farbman Group’s broader family of organizations, including Apex Mechanical Solutions, Huntington Construction, NAI Farbman, Huntington Maintenance and more.
