Tuesday, June 9, 2026
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Midwest

DevelopmentIllinoisMidwestOffice

North Wells Capital Begins Expansion of 45,000 SF Office Building in Chicago’s River North

by Kristin Harlow

CHICAGO — North Wells Capital, the investment affiliate of Urban Innovations Ltd., has begun expansion of 306 W. Erie, a 45,000-square-foot office building in Chicago’s River North. North Wells Capital acquired the building in May 2017 with plans to more than double its size. The expansion, designed by NORR Architects, integrates the existing brick and timber loft structure with a modern five-story addition, which will include an outdoor terrace and amenity space. Upon completion, the project will span 93,535 square feet. ARCO/Murray is the general contractor and JLL is the leasing agent. Urban Innovations will continue providing property management services.

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IndustrialLeasing ActivityMidwestMissouri

Honeywell Signs 275,000 SF Industrial Lease in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Honeywell has signed a 275,000-square-foot industrial lease at the multi-building CenterPoint Intermodal Center in Kansas City. Honeywell joins tenant A4 at a 450,000-square-foot building located at 14901 Andrews Road. It is now fully leased. Joe Accurso and Whitney Kerr Jr. of Cushman & Wakefield represented owner and developer, CenterPoint Development, in the lease with Honeywell.

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DevelopmentIllinoisMidwestMultifamily

LMC Breaks Ground on 212-Unit Apartment Building in Elmhurst, Illinois

by Kristin Harlow

ELMHURST, ILL. — LMC, a wholly owned subsidiary of Lennar, has broken ground on The Flynn, a 212-unit apartment building in Elmhurst. First move-ins are slated for January 2021. Situated at 183 N. Addison Ave., the eight-story development is less than three miles from interstates 290 and 294. Floor plans will range from 565 to 1,745 square feet. Amenities will include a sky deck terrace, clubroom, dog run, fitness center and bike lounge. This is LMC’s seventh community in the greater Chicago area, joining properties such as The Marlowe and The Emerson.

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AcquisitionsIowaMidwestRetail

Marcus & Millichap Brokers $1.2M Sale of Property Net Leased to Dunkin’ in Des Moines

by Kristin Harlow

DES MOINES, IOWA — Marcus & Millichap has brokered the sale of a 2,168-square-foot property net leased to Dunkin’ Donuts in Des Moines for $1.2 million. The building is located at 3611 SE 14th St. Zach Turner, Scott Wiles, Craig Fuller and Erin Patton of Marcus & Millichap represented the seller, a limited liability company. Ray Germain of Marcus & Millichap’s Las Vegas office secured the buyer, a limited liability company. The sales price represents a cap rate of 6.59 percent.

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AcquisitionsIndustrialMidwestWisconsin

Dickman Co./CORFAC International Arranges Sale of 16,000 SF Industrial Building in Wisconsin

by Kristin Harlow

HARTFORD, WIS. — The Dickman Co./CORFAC International has arranged the sale of a 16,000-square-foot industrial building in Hartford, about 40 miles northwest of Milwaukee. The property is located at 1024-26 Western Drive. Nick Keys and TJ Huenerbein of Dickman represented the seller, WB Investments LLC. Endpoint Group LLC purchased the building. Tenants were not disclosed.

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DevelopmentIllinoisMidwestMultifamily

Albion Residential Completes 265-Unit Apartment Development in Oak Park, Illinois

by Kristin Harlow

OAK PARK, ILL. — Albion Residential has completed Albion Oak Park in suburban Chicago. The 265-unit luxury apartment development is located at 1000 Lake St. Floor plans range from studios to three-bedroom units. The property features 7,000 square feet of retail space on the ground floor. Amenities include 20,000 square feet of outdoor space in addition to a wellness center, podcast studio, pet spa and indoor dog room. A 7,000-square-foot lobby is open to the public. Albion developed the project in partnership with Wilton Investment Management. CIBC and Associated Bank provided financing. Village Green manages the property. Clark Construction was the general contractor for the project. Monthly rental rates start at $1,750.

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AcquisitionsHospitalityMidwestWisconsin

Midas Hospitality Acquires 160-Room Aloft Hotel in Downtown Milwaukee

by Kristin Harlow

MILWAUKEE — Midas Hospitality has acquired Aloft Milwaukee Downtown, a 160-room hotel located at 1230 Old World Third St. The purchase price was nearly $26.5 million, according to the Milwaukee Business Journal. Jackson Street Holdings LLC developed the property in 2009. The hotel is home to five meeting rooms, a bar, fitness center, indoor swimming pool and outdoor space. It is adjacent to Fiserv Forum, the new arena for the Milwaukee Bucks basketball team. This is the third hotel Midas has acquired through its Midas Hotel Fund, which has raised $25 million to date. Aloft is under the Marriott umbrella of hotels.

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DevelopmentMidwestOfficeWisconsin

Hy Cite Opens 90,000 SF Headquarters in Middleton, Wisconsin

by Kristin Harlow

MIDDLETON, WIS. — Hy Cite Enterprises has opened its 90,000-square-foot corporate headquarters in Middleton, a suburb of Madison. Designed by EUA and built by Ideal Builders, the new office consolidates three offices and multiple departments into one building. Amenities include a fitness center, café, outdoor garden, demonstration kitchen and underground parking. The project incorporates energy-efficient features such as a solar panel array and high levels of insulation. Hy Cite sells kitchenware through a network of 6,000 independent distributors in the United States, Mexico and South America.

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DevelopmentIndustrialMichiganMidwestSelf-Storage

U-Haul to Repurpose Former Kmart Store in Warren, Michigan

by Kristin Harlow

WARREN, MICH. — U-Haul is opening a facility at a former Kmart store at 2000 Ten Mile Road in Warren. Once renovations are complete at the 121,568-square-foot building, the property will house approximately 800 indoor self-storage units. U-Haul will also offer truck and trailer sharing, towing equipment and moving supplies at the 11.5-acre property. The company expects to employ at least 15 team members at the store, which is slated to open by the end of January.

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AcquisitionsIowaMidwestMultifamily

Marcus & Millichap Brokers $2.5M Sale of Apartment Building in Iowa

by Kristin Harlow

ELDRIDGE, IOWA — Marcus & Millichap has brokered the $2.5 million sale of Deercreek Apartments in Eldridge, north of Davenport and part of the Quad Cities metro area. Built in 1973, the 54-unit property is located at 1 Parkview Drive. David Orton of Marcus & Millichap’s Indianapolis office marketed the property on behalf of the seller, a partnership. Orton also secured and represented the buyer, a limited liability company.

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