Midwest

Total Quality Logistics to Expand Headquarters in Ohio With $20M Building

by Kristin Harlow July 31, 2019

UNION TOWNSHIP, OHIO — Total Quality Logistics (TQL) has unveiled plans to construct a 120,000-square-foot, second building on its headquarters campus at Ivy Pointe Boulevard in Union Township near Cincinnati. The goal of the expansion is to accommodate nearly 600 new employees that the company anticipates hiring, primarily in sales and information technology roles, over the next five years. TQL is a freight brokerage company, offering truckload and intermodal logistics services. The company’s existing building is 100,000 square feet. TQL anticipates construction costs of $20 million for the new building, plus an additional investment to renovate its current site. TQL is still finalizing plans for the design of the building.

July 31, 2019

Development Illinois Industrial Midwest

Meridian Design Build Breaks Ground on 100,560 SF Industrial Build-to-Suit in Bartlett, Illinois

by Kristin Harlow July 31, 2019

BARTLETT, ILL. — Meridian Design Build has broken ground on a 100,560-square-foot industrial build-to-suit for Cathay Industries in Bartlett. The property will be situated on a 6.8-acre site within Abbott Land & Investment’s Blue Heron Business Park. The building will feature a clear height of 30 feet, eight loading docks, two drive-in doors, 70 car parking spaces and 4,000 square feet of office space. It will be the fourth building within Blue Heron Business Park. Cathay is an iron oxide manufacturer. Harris Architects and Mackie Consultants make up the project team. A timeline for completion was not disclosed.ggg

July 31, 2019

Indiana Leasing Activity Midwest Office

eHealth Signs 81,515 SF Headquarters Lease in Indianapolis

by Kristin Harlow July 31, 2019

INDIANAPOLIS — eHealth Inc. has signed an 81,515-square-foot office lease in Indianapolis for its eastern U.S. headquarters. The private online health insurance exchange will utilize the entire Lakefront 15 building within Lakefront at Keystone. Initially, eHealth will sublease two floors from current tenant Home Point Financial Corp. The sublease runs through October 2022 followed by a long-term arrangement for the 81,515 square feet of space. Tammy Fault and John Robinson of JLL represented ownership, Rubenstein Partners LP and Strategic Capital Partners LLC. Matt Kiger of Newmark Knight Frank represented eHealth. Rubenstein and Strategic Capital acquired the 1.1 million-square-foot office park in 2017.

July 31, 2019

Acquisitions Hospitality Midwest Nebraska

HREC Arranges Sale of 120-Room Hampton Inn Hotel in La Vista, Nebraska

by Kristin Harlow July 31, 2019

LA VISTA, NEB. — HREC Investment Advisors has arranged the sale of the 120-room Hampton Inn & Suites in La Vista near Omaha. The hotel is located just south of I-80 near the Werner Natatorium Sports Complex that is currently under development. Mike Cahill, Mike Dubè, Scott Kaniewski and Jeff Preston of HREC represented the seller, Wisconsin-based North Central Group. The buyer group was led by Mike Works, the managing member of Nightcap Hospitality LLC, which has developed 20 hotels in Nebraska.

July 31, 2019

Acquisitions Industrial Midwest Missouri

Plymouth Industrial REIT Acquires Two-Tenant Building in St. Louis for $5.4M

by Kristin Harlow July 31, 2019

ST. LOUIS — Plymouth Industrial REIT Inc. (NYSE: PLYM) has acquired a Class B industrial building in St. Louis for $5.4 million. Located in the Hazelwood/Airport submarket with convenient access to I-70, the 129,000-square-foot building is fully leased to two tenants. Motor Service Inc. is an industrial equipment supplier, specialized trucking and airfreight hauler, and warehousing and materials handler. Wellfit Parts International Co. is a customer service collision parts and accessory parts distributor, specializing in parts for luxury vehicles. Boston-based Plymouth focuses on the acquisition and operation of single- and multi-tenant industrial properties.

July 31, 2019

Acquisitions Industrial Midwest Wisconsin

JV Acquires 354,000 SF Manufacturing Facility in Kenosha, Wisconsin

by Kristin Harlow July 30, 2019

KENOSHA, WIS. — A joint venture between Clear Height Properties and Israel-based Buligo Capital Partners has acquired the 354,000-square-foot headquarters of Kenall Lighting Inc. The purchase price was not disclosed. The manufacturing and distribution facility is located within the Business Park of Kenosha. Completed in 2014, the building sits on a 20.4-acre site and includes 50,000 square feet of office space. It features a clear height of 32 feet, eight exterior docks, one drive-in door and 442 car parking stalls. Kenall Lighting produces lighting fixtures, with applications in corrections, healthcare, public spaces, food processing and transit. Jeffrey Devine and Steve Disse of Colliers International represented the seller, a private investor.

July 30, 2019

Development Healthcare Midwest North Dakota

Kraus-Anderson Completes Construction of $12M Ambulatory Surgical Center in North Dakota

by Kristin Harlow July 30, 2019

BISMARCK, N.D. — Kraus-Anderson Construction Co. has completed construction of a new ambulatory surgical center for Bismarck Surgical Associates at 106 E. Greenfield Lane in Bismarck. The new facility will provide same-day surgical procedures. Designed by Sperides Reiners Architects, the $12 million facility features five operating rooms and 20 pre-operation and recovery rooms. The 36,450-square-foot property also includes a sterile processing area and decontamination room as well as an administrative area. The basement houses all mechanical, electrical and medical support equipment.

July 30, 2019

Development Industrial Midwest Missouri

Opus Breaks Ground on 155,000 SF Spec Warehouse in St. Louis

by Kristin Harlow July 30, 2019

ST. LOUIS — The Opus Group has broken ground on a 155,000-square-foot speculative warehouse at Soulard Business Park in St. Louis. Completion is slated for the second quarter of 2020. The development, which will sit on approximately eight acres, will feature a clear height of 32 feet and 24 trailer parking stalls. Patrick Reilly and David Branding of JLL will market the property for lease. Soulard Business Park is a project led by Environment Operations Inc. and involves the redevelopment of a former manufacturing facility.

July 30, 2019

Acquisitions Midwest Minnesota Multifamily

Marcus & Millichap Brokers Sale of 154-Unit Multifamily Portfolio in Minnesota

by Kristin Harlow July 30, 2019

MINNEAPOLIS AND SAINT LOUIS PARK, MINN. — Marcus & Millichap has brokered the sale of Oak Park Village and Holmes Greenway Apartments, a multifamily portfolio comprising 154 units in Minneapolis and Saint Louis Park. Built in 1983, Holmes Greenway Apartments consists of 54 units. The six-story complex is located within a mile of downtown Minneapolis at 418 Central Ave. SE. The second property, Oak Park Village, is a 100-unit complex with floor plans ranging from 729 to 1,284 square feet. The community is located at 7267 Oak Park Village Drive in Saint Louis Park, about five miles southwest of Minneapolis. Abe Roberts of Marcus & Millichap marketed the property on behalf of the seller.

July 30, 2019

Development Hospitality Iowa Midwest

112-Room Cambria Hotel Opens in Bettendorf, Iowa

by Kristin Harlow July 30, 2019

BETTENDORF, IOWA — The Cambria Hotels brand, franchised by Choice Hotels International Inc., has opened its first location in Iowa. The four-story, 112-room hotel is located at 5061 Competition Drive in Bettendorf within the Quad Cities. Amenities include a bistro, full-service bar, pool, fitness center and meeting space. Frontier Hospitality Group developed the hotel. There are currently more than 40 Cambria hotels across the U.S. The Bettendorf property is the first of seven Cambria hotels expected to open this summer.

July 30, 2019

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