Tuesday, June 9, 2026
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IndustrialLeasing ActivityMidwestMissouri

Distribution Management Signs 375,200 SF Industrial Lease in St. Peters, Missouri

by Kristin Harlow

ST. PETERS, MO. — Distribution Management Inc. has signed an industrial lease to occupy an entire 375,200-square-foot warehouse within Premier 370 Business Park in St. Peters. The building is situated at 1001 Premier Parkway, about 30 miles west of St. Louis. The landlord and developer, Duke Realty Corp., has now completed the lease-up of the five buildings within the 2.5 million-square-foot park. Art Leichner and Andrew Crites of Newmark Knight Frank along with Kevin McLaughlin and Dan Lesinski of Newmark Grubb Zimmer represented the tenant in the lease transaction. Geoff Orf of Colliers International served as the property’s listing agent. Distribution Management is an imaging supplies distributor and order fulfillment company.

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AcquisitionsIllinoisIndustrialMidwest

Stream Capital Partners Brokers $16.8M Sale-Leaseback of Industrial Facility in Buffalo Grove, Illinois

by Kristin Harlow

BUFFALO GROVE, ILL. — Stream Capital Partners LLC has brokered the sale-leaseback of a 161,976-square-foot industrial facility in Buffalo Grove for $16.8 million. The property, occupied by Safco Dental Supply Co., is located at 1111 Corporate Grove Drive. Chelsea Mandel and Phil DiGennaro of Stream represented Safco, a national distributor of dental supplies, in the sale. A REIT acquired the property and simultaneously entered into a long-term lease agreement with Safco.

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AcquisitionsIndianaMidwestMultifamilySeniors Housing

ESI Negotiates $9M Sale of Skilled Nursing Facility in Lawrenceburg, Indiana

by Kristin Harlow

LAWRENCEBURG, IND. — Evans Senior Investments (ESI) has negotiated the sale of Shady Nook Care Center, a 94-bed skilled nursing facility in Lawrenceburg, located along the Ohio River near the Kentucky and Ohio borders. An independent owner-operator was the seller. A national owner-operator group bought the property for $9 million, or $96,000 per bed. Built in 1983, Shady Nook Care Center is located in a tertiary submarket of Cincinnati. The facility was 79 percent occupied at the time of sale.

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IllinoisLoansMidwestOffice

JLL Arranges $6M Refinancing for Boutique Office Property in Chicago’s Streeterville

by Kristin Harlow

CHICAGO — JLL has arranged a $6 million loan for the refinancing of 200 East Ohio in Chicago’s Streeterville neighborhood. The 27,000-square-foot boutique office property rises five stories and is nearly 90 percent occupied by multiple tenants. Christopher Carroll and Lucas Borges of JLL represented the borrower, Tishman Realty. A Chicago-based financial institution provided the loan, terms of which were undisclosed. Boutique office buildings are smaller than traditional office buildings, typically under 150,000 square feet.

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AcquisitionsMichiganMidwestRetail

Marcus & Millichap Brokers $2.8M Sale of Net-Leased Childcare Property in Michigan

by Kristin Harlow

NEW HUDSON, MICH. — Marcus & Millichap has brokered the $2.8 million sale of a 9,451-square-foot property net leased to KinderCare in New Hudson, about 40 miles northwest of Detroit. The building is located at 30786 Lyon Center Drive. KinderCare has signed a new 15-year lease. Dominic Sulo and Chad Lieber of Marcus & Millichap marketed the property on behalf of the seller, a private investor. Andrean Angelov, Chad Lieber, Dominic Sulo, Ryan Engle and Timothy Stephenson Jr. of Marcus & Millichap represented the buyer, a limited liability company.

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AcquisitionsMidwestMinnesotaOffice

Dominium Acquires 120,000 SF Office Building in Minnetonka, Minnesota

by Kristin Harlow

MINNETONKA, MINN. — Dominium has acquired Crest Ridge, a 120,000-square-foot office building in Minnetonka. The purchase price was undisclosed. Dominium, a Minnesota-based apartment owner, developer and manager, plans to relocate its corporate office to the building and occupy approximately half of the property. Dominium also plans to begin renovating the building early this year. Constructed in 2009, Crest Ridge was formerly home to Syngenta Seeds.

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DevelopmentHospitalityMidwestMissouri

82-Room Fairfield Inn & Suites Opens in Belton, Missouri

by Kristin Harlow

BELTON, MO. — An 82-room Fairfield Inn & Suites hotel has opened in Belton, about 20 miles south of Kansas City. Located just north of Highway 58 between Mullen Road and I-49, the four-story property features complimentary Wi-Fi, meeting rooms, free parking and electric car charging stations. Other amenities include a fitness center, indoor swimming pool and valet laundry. The hotel will operate as a Marriott franchise, owned and managed by Kansas Hospitality Management Services.

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IndustrialLoansMichiganMidwest

Bernard Financial Group Arranges $8.5M Refinancing for Industrial Property in Romulus, Michigan

by Kristin Harlow

ROMULUS, MICH. — Bernard Financial Group has arranged an $8.5 million loan for the refinancing of a 139,733-square-foot industrial property in Romulus, about 25 miles southwest of Detroit. Dan Duggan of Bernard arranged the loan with the life insurance company Aegon. The borrower was DNM Industrial Park LLC.

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AcquisitionsIndustrialMidwestMissouri

Colliers Brokers Sale of 37,500 SF Industrial Building in O’Fallon, Missouri

by Kristin Harlow

O’FALLON, MO. — Colliers International has brokered the sale of a 37,500-square-foot industrial building in O’Fallon, about 37 miles northwest of St. Louis. The sales price was undisclosed. Permian Plastics, a manufacturer of plastic injection molding, occupies the property, which is located at 1477 Hoff Industrial Drive. Chad Burkemper, Joseph Hill and Geoff Orf of Colliers represented the seller, Permian Holdings Inc. The buyer was GK2-Hoff LLC.

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AcquisitionsMidwestMinnesotaMultifamily

Marcus & Millichap Negotiates $1.7M Sale of Apartment Building in Suburban Minneapolis

by Kristin Harlow

SAINT LOUIS PARK, MINN. — Marcus & Millichap has negotiated the sale of Idaho Flats in Saint Louis Park for $1.7 million. The 12-unit apartment building is located at 1328 Idaho Ave. in the Eliot neighborhood of Saint Louis Park, a western suburb of Minneapolis. Built in 1964, the asset was remodeled in 2019. It includes 11 one-bedroom units totaling 750 square feet each and one studio totaling 250 square feet. Abe Roberts, Evan Miller and Chris Collins of Marcus & Millichap brokered the sale on behalf of the undisclosed buyer and seller.

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