Monday, April 27, 2026
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Midwest

AcquisitionsMidwestRetailWisconsin

Blue West Capital Arranges $4.9M Sale of Aldi-Anchored Shopping Center in Hartford, Wisconsin

by Kristin Harlow

HARTFORD, WIS. — Blue West Capital has arranged the sale of Hartford Centre for $4.9 million. The Aldi-anchored shopping center is located at 1591 E. Summer St. in Hartford, about 37 miles northwest of downtown Milwaukee. Other tenants at the 34,577-square-foot property include Dunkin’, H&R Block, Shopko Optical and Papa Murphy’s. Carly Gallagher Kelly of Blue West Capital represented the seller, Green Bay-based Midwest Expansion LLC. She also procured the buyer, a Dallas-based commercial real estate company.

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IndustrialLeasing ActivityMichiganMidwest

Elite Fire Safety Leases 23,000 SF of Flex Space in Novi, Michigan

by Kristin Harlow

NOVI, MICH. — Elite Fire Safety has leased 23,000 square feet of industrial flex space at Beck North Corporate Park in Novi. Dan Verderbar of Friedman Real Estate represented the tenant in the lease transaction. The landlord was undisclosed. Based in Southfield, Mich., Elite Fire Safety offers fire alarm, fire extinguisher and fire suppression services.

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DevelopmentIndustrialMidwestOhio

VanTrust Underway on 750,000 SF Warehouse for Owens Corning in Heath, Ohio

by Kristin Harlow

HEATH, OHIO — VanTrust Real Estate LLC is underway on the development of a 750,000-square-foot build-to-suit warehouse for Owens Corning in Heath, about 30 miles east of Columbus. Completion is slated for the end of the year. The project team includes Pepper Construction Group, RED Architecture, The Kleingers Group and Hull & Associates. AJ Magner, Josh Heiple and Michael Mullady of CBRE represented Owens Corning, which expects to take occupancy in early 2022. Owens Corning, an insulation, roofing and fiberglass composites manufacturer, will consolidate several warehouses currently located throughout the area at the Heath site as part of the new project.

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AcquisitionsKansasMidwestMultifamily

29th Street Capital Acquires 280-Unit Apartment Community in Overland Park, Kansas

by Kristin Harlow

OVERLAND PARK, KAN. — 29th Street Capital (29SC) has acquired 79 Metcalf Apartments in Overland Park for an undisclosed price. The purchase marks the firm’s first multifamily acquisition in the Kansas City metro area. Built in 1984, 79 Metcalf Apartments is a 280-unit, Class C community. 29SC plans to fully renovate all units, enhance amenities and install new exterior siding. Haven Residential, 29SC’s in-house property management service, will oversee management and leasing. The seller was undisclosed.

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DevelopmentIllinoisIndustrialMidwest

Duke Realty to Develop 299,520 SF Spec Industrial Project in Bellwood, Illinois

by Kristin Harlow

BELLWOOD, ILL. — Duke Realty has unveiled plans to develop a 299,520-square-foot speculative industrial project in Bellwood, about 13 miles west of downtown Chicago. The development will sit on 19 acres at 110 N. 25th Ave. near Chicago O’Hare International Airport and adjacent to a Union Pacific rail line. Plans call for a clear height of 36 feet, 30 dock doors, two drive-in doors, 85 trailer spaces and 345 car parking spaces. Completion is slated for December. Jason Lev and John Suerth of CBRE will market the project for lease.

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AcquisitionsMidwestMultifamilyOhio

SVN Brokers $6.7M Sale of Apartment Asset in Medina, Ohio

by Kristin Harlow

MEDINA, OHIO — SVN Summit Commercial Real Estate Advisors has brokered the $6.7 million sale of Jefferson Villa Apartments in Medina, about 33 miles south of Cleveland. The garden-style, luxury apartment property features 60 units and is located on the corner of North Jefferson Street and Reagan Parkway. The community was fully occupied at the time of sale. Jerry Fiume of SVN brokered the sale. A local investor sold the asset to CR Medina LLC.

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IllinoisLeasing ActivityMidwestOffice

Professional Wealth Advisors Signs 23,000 SF Office Lease Renewal, Expansion in Suburban Chicago

by Kristin Harlow

DOWNERS GROVE, ILL. — Professional Wealth Advisors (PWA) has signed a 23,000-square-foot office lease renewal and expansion at 2655 Warrenville Road in Downers Grove. The lease comprises a 12,000-square-foot renewal and an 11,000-square-foot expansion. Transwestern Investment owns and manages the building. PWA was founded in 2015 and recently merged with HighPoint Planning Partners. Joel Berger of Bradford Allen represented PWA in the lease transaction.

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Market ReportsMidwestMidwest Market ReportsNebraskaRetail

Drive-Thrus, Pickup Services Will Shape Future of Retail Landscape

by Kristin Harlow

By Jared Sullivan, The Lerner Co. The retail commercial real estate industry has been an interesting world to observe over the last several years, to say the least. From the repurposing of massive retail boxes and malls following the fall of Gordmans, Sports Authority, Sears and others, to the unpredictable global environment we have been experiencing over the last 12 months due to COVID-19. One thing that’s certain is the ability to quickly adapt within the retail world is a critical element to remain relevant as the mold of consumers’ needs continues to evolve. Fortunately for the Omaha and Lincoln retail markets, the downturn for businesses and consumers alike has been significantly less than the more densely populated cities and suburbs of New York and California. Nevertheless, the impact of government shutdowns and restrictions throughout 2020 has handicapped more businesses and landlords than we ever expected. As we emerge from this storm, we must ask ourselves “What will the retail landscape look like moving forward?” Here to stay One outcome of 2020 we anticipate seeing as a gold standard moving forward has been the implementation of curbside carryout and mobile order pickup services. While the concept of these services is …

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DevelopmentMidwestOhioRetail

FC Cincinnati Opens 26,000-Seat TQL Stadium in Downtown Cincinnati

by Kristin Harlow

CINCINNATI — Cincinnati’s Major League Soccer team, FC Cincinnati, has opened Total Quality Logistics (TQL) Stadium in downtown Cincinnati. Designed by global design firm Populous, the 26,000-seat venue sits on 12.4 acres at 1501 Central Parkway between the Over-the-Rhine and West End neighborhoods. The stadium features a LED video display system on its exterior. The $250 million stadium was privately funded, according to The Cincinnati Enquirer. Turner Construction served as the general contractor. The first home game is scheduled to take place Sunday, May 16. FC Cincinnati played in the second-division United Soccer League from 2016 to 2018 before joining Major League Soccer in 2019.

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DevelopmentIllinoisIndustrialMidwest

Peak Construction to Build 351,870 SF Spec Industrial Building in Romeoville, Illinois

by Kristin Harlow

ROMEOVILLE, ILL. — IDI Logistics has selected Peak Construction Corp. to build Gateway Romeoville Building A, a 351,870-square-foot speculative industrial building in Romeoville. The project will be situated on 19 acres between Route 53 and Joliet Road. Plans call for a clear height of 36 feet, 41 dock doors, two drive-in doors, 96 trailer stalls and 285 car stalls. Completion is slated for January 2022. The project team includes Macgregor Associates Architects and civil engineer Jacob & Hefner Associates.

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