Tuesday, February 10, 2026
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Midwest

AcquisitionsIllinoisMidwestMultifamily

Kiser Group Brokers $6.8M Sale of Apartment Building in Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — Kiser Group has brokered the $6.8 million sale of The Washington in the Chicago suburb of Naperville. Located at 720 N. Washington St., the building includes eight luxury apartment units and 6,500 square feet of commercial space. The property was built in 2018. The commercial space is leased to Great Western Flooring and Gantos Dental Group. Ron Plonis of Kiser represented the undisclosed buyer. Brian Karmowski of Essex Realty Group Inc. represented the seller, a development group led by Joshua Voit.

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AcquisitionsIndianaMidwestRetail

Midland Atlantic Properties Arranges $7.5M Sale of Retail Center in Fishers, Indiana

by Kristin Harlow

FISHERS, IND. — Midland Atlantic Properties has arranged the $7.5 million sale of Fishers Corner shopping center in the Indianapolis suburb of Fishers. The 28,359-square-foot property was built in 2005 and was fully leased at the time of sale. Jacque Haynes of Midland Atlantic represented the seller, Sena Realty FC LLC. Johnny Vassallo managed the acquisition on behalf of the buyer, POG Kosmos Fishers LP. First Financial Bank provided acquisition financing.

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IllinoisLeasing ActivityMidwestOffice

LifeSpice Ingredients Signs 16,995 SF Office Lease in Downtown Chicago

by Kristin Harlow

CHICAGO — LifeSpice Ingredients, a global research, developer and manufacturer of proprietary seasoning blends for the food industry, has signed a 16,995-square-foot office lease at 213 West Institute Place in Chicago’s River North neighborhood. KBS Growth & Income REIT owns the property, which rises seven stories and spans 155,385 square feet. Built in 1888, 213 West Institute Place was originally developed for a bicycle manufacturer that eventually became the car company American Motors Corp. KBS has made a number of improvements to the property’s common areas, including a 2,000-square-foot tenant lounge. Scott Sessa of Ameritus represented KBS in the lease transaction.

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AcquisitionsIllinoisMidwestOffice

Cushman & Wakefield Brokers $41.7M Sale of Office Property in Chicago

by Kristin Harlow

CHICAGO — Cushman & Wakefield has brokered the $41.7 million sale of 1100 West Fulton, a 45,380-square-foot office property in Chicago’s Fulton Market. Fulton Street Cos. and Huizenga Capital Management completed development of the five-story building in 2020. Furniture company Herman Miller occupies space at the property on a long-term lease. Cody Hundertmark, David Knapp, Tom Sitz, Dan Deuter and Paul Lundstedt of Cushman & Wakefield represented the sellers. Zagame Corp. was the buyer. The transaction sets a new per-square-foot record for Chicago office investment sales, according to Cushman & Wakefield.

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LoansMidwestMultifamilyOfficeOhio

Trez Capital Provides $37.3M Construction Loan for Office Conversion Project Near Cincinnati

by Kristin Harlow

SPRINGDALE, OHIO — Trez Capital has provided a $37.3 million construction loan for the conversion of two office buildings into multifamily space in Springdale, a northern suburb of Cincinnati. The borrower, Trinity Square Holdings LLC, plans to build 129 apartment units and 97 rental townhomes. The vacant office buildings were constructed in the early 1980s. Brett Forman and Scott Mehlman of Trez Capital originated the loan. The Warren County Port Authority is investing approximately $8 million in the project.

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DevelopmentIndianaIndustrialMidwest

Dayton Street Partners Buys Land in Northwest Indiana, Plans 538,000 SF Spec Industrial Development

by Kristin Harlow

PORTAGE, IND. — Dayton Street Partners LLC has purchased 42 acres in the Northwest Indiana town of Portage. The developer plans to build a 538,000-square-foot speculative industrial development known as DSP Crossroads Portage. Corey Chase and Chris Hill of Newmark represented the undisclosed seller, which sold three assembled land sites. Chase and Hill will also be retained to market the project for sale or lease.

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IllinoisLeasing ActivityMidwestRestaurantRetail

Krab Kingz Opens Restaurant in East Peoria, Illinois

by Kristin Harlow

EAST PEORIA, ILL. — Krab Kingz has opened at EastPort Plaza, which is located within the central Illinois town of East Peoria. The seafood restaurant specializes in Southern-style seafood boils and offers fresh king crab, snow crab and blue crab. The menu also features other seafood options such as shrimp, lobster and salmon. The East Peoria location will be the first Krab Kingz restaurant in central Illinois. Rimmon McNeese is the franchisee. Peoria-based Cullinan Properties Ltd. owns and manages EastPort Plaza, a retail center that is home to tenants such as Erie Insurance, Mobil Gas, The Galley Restaurant, Maloof Realty and Edward Jones.

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AcquisitionsIllinoisMidwestMultifamily

Becovic Acquires Apartment Building in Chicago for $2.2M

by Kristin Harlow

CHICAGO — Becovic, a Chicago-based multifamily owner and operator, has acquired The Clark Rogers in Chicago’s Rogers Park neighborhood for $2.2 million. The 19-unit apartment building is located on North Clark Street and includes eight parking spaces. Chicago Real Estate Resources represented the undisclosed seller, while Becovic Realty represented the buyer.

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AcquisitionsHospitalityMichiganMidwest

Friedman Brokers Sale of Westin Book Cadillac Hotel in Downtown Detroit

by Kristin Harlow

DETROIT — Friedman Real Estate has brokered the sale of the Westin Book Cadillac hotel in downtown Detroit. A joint venture between Oxford Capital Group LLC and Taconic Capital Advisors LP assumed debt owed by the previous owner, which faced foreclosure. The joint venture assumed $77 million in commercial mortgage-backed securities debt owed by Cleveland-based Ferchill Group, according to Crain’s Detroit Business. Located at 1114 Washington Blvd. within the city’s Washington Boulevard Historic District, the hotel rises 32 stories with 453 rooms. The property served as Detroit’s tallest building and the world’s tallest hotel when it opened as the Book-Cadillac hotel in 1924. The hotel was redeveloped and branded as Westin in 2008. The new ownership plans to make improvements to the common areas, amenities and guest rooms over the next two years. Jared Friedman of the brokerage negotiated the sale.

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IllinoisIndustrialLeasing ActivityMidwest

Two Tenants Sign Industrial Leases Totaling 177,161 SF at New Development in Glendale Heights, Illinois

by Kristin Harlow

GLENDALE HEIGHTS, ILL. — Clyde’s Donuts and Advanced Technical Services (ATS) have pre-leased space at Army Trail Trade Center in Glendale Heights, a western suburb of Chicago. Mike Antonelli and Dan Brown of Brown Commercial Group represented the development’s owner, ML Realty Partners. Clyde’s Donuts pre-leased a 153,000-square-foot facility at 85 West Army Trail Road. ATS pre-leased 24,161 square feet at 55 West Army Trail Road. Kelly Disser and Michael Freitag of NAI Hiffman represented Clyde’s, while Bill Lussow and Matt Kelly of Bespoke represented ATS. A timeline for occupancy was not provided.

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