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Midwest

AcquisitionsIndustrialMidwestOhio

Marcus & Millichap Brokers $3.8M Sale-Leaseback of Industrial Property in Stow, Ohio

by Kristin Harlow

STOW, OHIO — Marcus & Millichap has brokered the $3.8 million sale-leaseback of 4246 Hudson Drive, a 43,248-square-foot industrial property in Stow. Situated on approximately 4.2 acres, the building includes seven external docks, two drive-in doors and a clear height of 20 feet. Originally built in 1999 with a warehouse expansion in 2008, the facility serves as the corporate headquarters of Printing Concepts, a Northeast Ohio commercial printer. Alex Gallicho, Peter Doughty and Michael Glass of Marcus & Millichap represented the seller and procured the undisclosed buyer.

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Leasing ActivityMichiganMidwestRestaurantRetail

Pita Way Signs 1,400 SF Restaurant Lease in Lansing, Michigan

by Kristin Harlow

LANSING, MICH. — Pita Way has signed a 1,400-square-foot lease to open at The Marketplace at Delta Township in Lansing. Michael Murphy of Gerdom Realty & Investment represented the tenant. The transaction marks the sixth Pita Way location that Gerdom helped the tenant secure in the past year. Eric Unatin of Mid-America Real Estate Group represented the undisclosed landlord.

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DevelopmentIndianaMidwestOffice

IWG Adds Eight New Coworking Centers in Indiana

by Kristin Harlow

INDIANA — International Workplace Group (IWG), a coworking platform with brands including Spaces and Regus, has unveiled plans to open eight flexible workspaces in Indiana. The expansion brings the company’s footprint to 30 locations across the state. IWG’s network now comprises thousands of locations in 120 countries. The Indiana locations will provide space for established firms and start-ups across a range of the state’s top industries, including business and finance operations, healthcare support, management and more. IWG’s Design Your Own Office service allows companies to tailor their space entirely to their requirements. The new Regus, HQ and Spaces facilities will include private offices, meeting rooms, coworking and creative spaces, and are slated to open in the first and second quarters of this year. One HQ facility in Merrillville has already opened. The other locations will be in Martinsville, Valparaiso, Fort Wayne, South Bend and Indianapolis. IWG predicts that 30 percent of all commercial real estate will be flexible workspace by 2030.

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AcquisitionsIllinoisMidwestMultifamily

Marcus & Millichap Arranges Sale of 226-Unit Carriage Creek Apartments in Metro Chicago

by Kristin Harlow

RICHTON PARK, ILL. — Marcus & Millichap has arranged the sale of Carriage Creek Apartments, a 226-unit multifamily property in the southern Chicago suburb of Richton Park. Ryan Engle and Andrean Angelov of Marcus & Millichap represented the buyer and seller, both of which were private investors. Located at 22501 Butterfield Road, the property comprises 190,328 rentable square feet across nearly 26 acres. Built in two phases in 1972 and 1974, the community features a mix of studio, one- and two-bedroom units. The asset is within walking distance of the Richton Park Metra Station.

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DevelopmentHealthcareIllinoisMidwest

Ware Malcomb Completes Design of 3,500 SF Outpatient Office for Romeo Orthopaedics in Suburban Chicago

by Kristin Harlow

BURR RIDGE, ILL. — Ware Malcomb has completed the interior architecture and design, along with branding services, for the 3,500-square-foot outpatient office for Romeo Orthopaedics in Burr Ridge. Romeo Orthopaedics specializes in the management and surgical treatment of shoulder, elbow and sports medicine conditions. Ware Malcomb worked in partnership with the building owner, C.R. Panico & Associates, to complete the project. The project scope of work encompassed minor demolition, new walls and doors, power and data installation, updated ceilings and lighting, finishes and custom millwork. A dedicated X-ray suite required close coordination with specialty consultants to address equipment clearances, shielding requirements and infrastructure integration, ensuring compliance with clinical and safety standards. Morgan/Harbour Construction was the general contractor.

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DevelopmentIllinoisIndustrialMidwest

Graycor, Helmkamp Top Off $500M Industrial Expansion Project for Wieland Near St. Louis

by Kristin Harlow

EAST ALTON, ILL. — Graycor Construction Co. and Helmkamp Construction Co. have topped off the EA2030 structure, marking the culmination of the first stage in the $500 modernization and expansion of Wieland’s facility in East Alton near St. Louis. Wieland is a supplier of copper and copper alloy solutions. The multi-phase project began in June 2024. Design partners include Vestal Corp. and Salas O’Brien. The topping off marks the completion of structural steel for EA2030, the new hot rolling facility. The building will house a hot mill line, milling line, cold rolling mill, high-bay storage with automated material handling and overhead cranes, ultimately replacing the site’s original 100-year-old hot rolling facility. Merrill Steel and the United Iron Workers assisted in achieving the milestone. Work continues on the next phase of the project, which focuses on process and equipment.

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AcquisitionsIllinoisMidwestMultifamily

ARTISAN Capital Group Buys 200-Unit Apartment Community in Palatine, Illinois

by Kristin Harlow

PALATINE, ILL. — ARTISAN Capital Group (ACG) has acquired Arrowhead Apartments, a 200-unit, garden-style apartment community in Palatine, a northwest suburb of Chicago. ACG partnered with Eastham Capital on the transaction, marking the firms’ fifth acquisition together. The investment marks ACG’s second acquisition in the Chicago market. Arrowhead Apartments consists of nine two- and three-story buildings with 102 one-bedroom units, 78 two-bedroom units and 20 three-bedroom residences. Amenities include a clubhouse, fitness center and dog park. ACG plans to increase value through operational efficiencies and professional investment oversight. ARTISAN Management Group, ACG’s management vertical, will oversee operations. ACG secured financing through HUD. Scott Harris of Marcus & Millichap represented the seller, a joint venture with Hispanic Housing Development Corp. as the managing partner, and procured the buyer. Forty of the units have a Housing Assistance Payments contract that runs through 2039, according to Harris.

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DevelopmentMidwestMissouriMixed-UseMultifamily

Sansone Group, Mia Rose Holdings Create Partnership for Multifamily, Mixed-Use Developments

by Kristin Harlow

ST. LOUIS AND FESTUS, MO. — Sansone Group and Mia Rose Holdings LLC have created a strategic partnership to collaborate on select multifamily and mixed-use opportunities. The partnership will leverage the firms’ combined expertise in site selection, design oversight, construction management and asset performance. Festus, Mo.-based Mia Rose Holdings has delivered more than 3,000 residential units across 18 communities. St. Louis-based Sansone Group has developed more than 50 million square feet nationwide. The firms will share project-specific announcements resulting from the partnership in the near future.

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AcquisitionsIndustrialMidwestOhio

Commonwealth Capital Acquires Net Leased Industrial Facility in Brunswick, Ohio

by Kristin Harlow

BRUNSWICK, OHIO — Commonwealth Capital LLC has acquired a net leased industrial facility in Brunswick, about 20 miles southwest of Cleveland. A subsidiary of a confidential, publicly traded company occupies the property. Located at 940 Industrial Parkway North, the build-to-suit facility was constructed in 2024 to serve as an integrated operational hub that combines showroom, office and warehouse space. The tenant provides products and installation to residential and commercial builders as well as the general public in northeast Ohio and western Pennsylvania.

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