HUNTLEY, ILL. — Amsco Distributing has signed a 15,000-square-foot industrial lease at 11419 Smith Drive in the Chicago suburb of Huntley. Kevin Kaplan of Entre Commercial Realty negotiated the lease. The tenant will utilize the facility for its third-party logistics operations. The multi-tenant building is also home to Pound for Pound Fitness.
CHICAGO — Evergreen Real Estate Group, Imagine Group and KLEO Enterprises have completed Auburn Gresham Apartments, a two-building, 58-unit affordable housing community in Chicago’s Auburn Gresham neighborhood on the South Side. The project was a joint venture between developers Evergreen and Imagine, in collaboration with KLEO, the Chicago Department of Planning and Development (DPD) and the Chicago Department of Housing. The development, which won a 2020 DPD request for proposals for vacant city land at 79th and Green streets, was initially envisioned as a single building. Following three community workshops, the developers shifted more than half of the proposed units to a second city-owned site at 79th and Halsted streets. The complex now comprises a three-story building with 28 units and 5,200 square feet of retail space and a five-story building with 30 units and 3,300 square feet of commercial space. All residences are reserved for households with incomes at or below 60 percent of the area median income. Professionally managed by Evergreen, the units are approximately 75 percent leased. Commercial tenants will include for-profit development and property management firm KLEO, Italian restaurant The Auburn and K.L.E.O. Community Family Life Center, a nonprofit dedicated to youth development. Designed by Ross …
WEST CHESTER TOWNSHIP, OHIO — Sansone Group and Clous Road Partners have broken ground on Village North, a 91,000-square-foot retail development in West Chester Township near Cincinnati. The 12.6-acre project will feature five buildings and will be anchored by a 40,000-square-foot Whole Foods store. Buffalo Construction will serve as general contractor, while Cushman & Wakefield will handle leasing. Village North is slated to open in 2026.
WEST DES MOINES, IOWA — Greysteel has brokered the $38 million sale of Polo Club Apartments in West Des Moines. Built in 1998, the apartment property features 277 two-bedroom units. BJ Connolly, Zach Schneider and Ryan Carter of Greysteel represented the seller, Polo Club LLC/Premier Cos. The undisclosed buyer represented itself and plans to embark on a full renovation of the community.
MARION, ILL. — A division of Woodland Rental Properties LLC, managed by Heartland Realty & Rentals Inc., has acquired 22 newly built apartment units near downtown Marion. The multi-million-dollar transaction is part of a larger strategic investment for the company. Roman Basi and Jason Powell represented Heartland on an internal basis. The units will be available for leasing as they come online.
WOODBURY, MINN. — HealthPartners has opened its new specialty center in the Twin Cities suburb of Woodbury. The nearly 56,000-square-foot facility is located off I-94 and Radio Drive. Kraus-Anderson provided construction management for the multi-level project, which offers 13 medical specialties. Patients can also receive surgery, imaging, lab and infusion services. Construction began in September 2023.
GLEN CARBON, ILL. — Builder MBG is nearing completion of Latitude 38 Apartments in Glen Carbon, about 14 miles northeast of St. Louis. Mia Rose Holdings is developing the 144-unit luxury apartment project, which is slated to open in May. The community is part of the larger Meridian Plaza, a 44-acre mixed-use development. Amenities at Latitude 38 will include a pool, clubhouse, fitness center, dog park, walking trails, grills and electric vehicle charging stations. Kunkel Wittenauer is handling leasing efforts.
CHICAGO — AmTrust RE has added two leases and three renewals at One East Wacker, a 41-story office tower overlooking the Chicago Riverwalk. Mark Gunderson, Wendy Katz and Erica Marshall of Stream Realty Partners, AmTrust’s leasing agent for its Chicago office portfolio, arranged the leases. Aeropay, a financial technology company enabling businesses to accept compliant, cashless and digital payments, leased 15,000 square feet across the entire 39th floor. Paul Reaumond and Tyler Reaumond of CBRE represented the tenant. The Japan External Trade Organization, a nonprofit organization providing business support services to companies expanding to Japan, renewed its 8,000-square-foot lease on the 33rd floor. Boris Yelyashov and Kyle Robbins of Transwestern represented the tenant. Additionally, law firm Gair Gallo Eberhard expanded its lease to 7,000 square feet. ECD Co., a real estate innovation company, renewed its 3,700-square-foot lease. Lastly, Lawyers Trust Fund of Illinois signed a new lease for 2,500 square feet. AmTrust modernized the lobby, upgraded the exterior and entrances, created multiple spec suites and renovated the corridors and restrooms at One East Wacker, which totals 560,000 square feet. Additionally, the owner recently completed a new amenity floor overseen by wellness amenities management service Lulafit. The amenity floor also includes …
DETROIT — Michigan State University (MSU) has partnered with Apple to open the Apple Manufacturing Academy this summer in downtown Detroit’s First National Building. The academy will offer free in-person and online courses and will be the first of its kind in the United States. While based in Detroit, the academy will be open to companies nationwide. Apple engineers, along with experts from MSU, will consult with small- and medium-sized businesses on how they can implement artificial intelligence and smart manufacturing techniques. MSU also partners with Apple on the Apple Developer Academy, with support from the Gilbert Family Foundation. This academy, located in downtown Detroit, has graduated roughly 200 participants annually since 2021.
OMAHA, NEB. — A joint venture between Eastham Capital and Bender Cos. has acquired The Colonial, a 258-unit apartment community in Omaha. Eastham obtained a majority ownership in the deal through its current fund, Eastham Capital Fund VI LP. Bender, which has co-invested and partnered with Eastham on multiple projects, will oversee the day-to-day management. Parker Stewart and Alex Malzone of Northmarq brokered the sale. The Colonial is currently 95 percent occupied with average rents of just over $961 per month. the acquisition includes a renovation budget of $1.9 million, which will include interior unit renovations and exterior upgrades such as roof replacements, balcony repairs and parking lot enhancements. Built in 1967, the property features floor plans averaging 902 square feet. Amenities include an outdoor pool, community room, laundry facilities and storage lockers.
