Sunday, April 12, 2026
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Midwest

IllinoisLeasing ActivityMidwestOffice

Transwestern Negotiates Two Lease Expansions at Downtown Chicago Office Tower

by Kristin Harlow

CHICAGO — Transwestern Real Estate Services has negotiated two lease expansions at 191 North Wacker Drive in Chicago’s West Loop. The 37-story office tower spans 733,759 square feet. Qualtrics, a software company for employee and customer experience, expanded its lease from 25,600 square feet to 51,200 square feet. Skills for Chicagoland’s Future, a nonprofit focused on increasing the economic mobility of unemployed and underemployed talent, also increased its lease from 3,828 square feet to 13,290 square feet. Katie Steele and Kathleen Bertrand of Transwestern represented ownership, Allianz Real Estate and JHUSA. Evan Djikas of Colliers represented Qualtrics, while Jon Milonas and Brandon Green of CBRE represented the nonprofit. Ownership plans to complete significant capital improvements to the property this year, including a renovated lobby, refreshed tenant lounge and upgraded fitness center.

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DevelopmentIllinoisLeasing ActivityMidwestRetail

Allsteel to Open 24,000 SF Showroom in Chicago’s Fulton Market

by Kristin Harlow

CHICAGO — Allsteel Inc., an Iowa-based furniture manufacturer, has unveiled plans to open a new 24,000-square-foot showroom in Chicago’s Fulton Market district. The company plans to relocate from its current space at Merchandise Mart to 345 N. Morgan St. in the first quarter of 2023. Owner and developer Sterling Bay recently topped out the office and retail building, which is slated for completion later this summer. Chicago-based Partners by Design is the architect for Allsteel’s space.

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AcquisitionsMidwestOhioRetail

Marcus & Millichap Arranges $5.6M Sale of Tesla Auto Center in Lyndhurst, Ohio

by Kristin Harlow

LYNDHURST, OHIO — Marcus & Millichap has arranged the $5.6 million sale of a Tesla dealership and service center in Lyndhurst, an eastern suburb of Cleveland. The 23,428-square-foot, net-leased property is located at 5180 Mayfield Road. Opened in 2014, the location is one of four Tesla dealerships in the state of Ohio. There are eight years remaining on the initial 10-year lease. Dominic Sulo and Andrew Antoniou of Marcus & Millichap represented the buyer, a Florida-based limited liability company. Seller information was not provided.

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AcquisitionsMidwestMultifamilyWisconsin

Greywolf Partners Acquires 84-Unit Apartment Property in Eau Claire, Wisconsin

by Kristin Harlow

EAU CLAIRE, WIS. — Greywolf Partners Inc. has acquired Metro Crossing in Eau Claire, located in western Wisconsin. The purchase price was undisclosed. The 84-unit apartment property at 2851 Hendrickson Drive rises four stories. Greywolf Partners will also manage the community, which features amenities such as a fitness center, business center and underground parking. Ralph DePasquale and Jack Maloney of Berkadia represented the seller, Rooney Properties LLC.

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Leasing ActivityMidwestOfficeOhio

Baxters Food Group Signs 15,200 SF Office Lease at Strietmann Center in Cincinnati

by Kristin Harlow

CINCINNATI — Baxters Food Group has signed a 15,202-square-foot office lease for the last full floor available at The Strietmann Center in Cincinnati’s Over-the-Rhine district. The office will serve as Baxters’ new North American headquarters, but the company will still retain its location at 4700 Creek Road in Blue Ash, Ohio. The Strietmann Center, located at 231 W. 12th St., features a rooftop conference and event center. Michelle Klingenberg of JLL represented ownership, Grandin Properties. Josh Niederhelman of CURO BRKG represented Baxters. Other tenants in the building include Astronomer Inc., Contact CI, NaviStone, Gyro and Saatchi & Saatchi X.

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DevelopmentIllinoisIndustrialMidwest

Peak Construction to Build 477,115 SF Spec Warehouse in Elgin, Illinois

by Kristin Harlow

ELGIN, ILL. — Developer Scannell Properties has selected Peak Construction Corp. to build a new 477,115-square-foot speculative warehouse in Elgin. Slated for completion in late December, the project will feature a clear height of 36 feet, 40 dock doors, four drive-in doors, trailer storage and parking for 372 cars. Harris Architects Inc. and Haeger Engineering make up the project team.

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AcquisitionsIndianaMidwestRetail

Sansone Group Sells 163,293 SF Shopping Center in Terre Haute, Indiana

by Kristin Harlow

TERRE HAUTE, IND. — Sansone Group has sold Towne South Plaza, a 163,293-square-foot shopping center in the western Indiana city of Terre Haute. Wild Moose Ventures purchased the property for an undisclosed price. Sansone has managed and leased the property since 2002 and acquired the asset in 2015. The property has maintained strong occupancy over the years and underwent a major roof renovation. Some of the tenants include Ross Dress for Less, TJ Maxx, Dollar Tree and Best Buy. Grant Mechlin of Sansone, along with Ben Wineman and Rick Drogosz of Mid-America Real Estate Corp., brokered the transaction.

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IllinoisIndustrialLoansMidwest

American Street Capital Arranges $9.4M for Refinancing of Chicago Industrial Portfolio

by Kristin Harlow

CHICAGO — American Street Capital (ASC) has arranged two loans totaling $9.4 million for the refinancing of a light industrial portfolio in Chicago. The first transaction was a $6.1 million loan for a 102,850-square-foot building. The second was a $3.3 million loan for a 90,975-square-foot, two-building property. Igor Zhizhin of ASC structured both loans with five-year terms and 25-year amortization schedules. A bank provided both loans.

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AcquisitionsIllinoisMidwestOffice

Cawley Chicago Arranges $2.8M Sale of Office Building Near Chicago’s Fulton Market

by Kristin Harlow

CHICAGO — Cawley Chicago has arranged the sale of a 16,350-square-foot office building on the northern border of Chicago’s Fulton Market district for $2.8 million. The two-story brick, steel and timber building is located at 451 N. Racine Ave. Zach Pruitt and Nicholas Schaefer of Cawley represented the seller, an entity doing business as 1005 N California LLC. Marco Federow of MK Asset Management represented the buyer, advertising agency The Times.

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DevelopmentIllinoisIndustrialMidwest

Krusinski Construction Completes 19,000 SF Auto Center in Joliet, Illinois

by Kristin Harlow

JOLIET, ILL. — Krusinski Construction Co. has completed a new automotive center for Cassidy Best-One Tire & Service in Joliet’s Rock Creek Logistics Center. Ketone Partners, which served as developer for the 19,000-square-foot project, also owns the 263-acre Rock Creek Logistics Center. The auto center features 20 drive-in doors, 10 service bays, 1,000 square feet of office space, nine car parking stalls and seven trailer stalls. Cassidy Best-One will provide truck and automotive tire work as well as general maintenance for a variety of vehicles. The project team included Cornerstone Architects as architect and Jacob & Hefner Associates as civil engineer.

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