Midwest

Mount Carmel High School Debuts New Performing Arts Center in Chicago

by Kristin Harlow April 16, 2025

CHICAGO — The Barry-Hughes Performing Arts Center at Mount Carmel High School in Chicago is now complete. Ware Malcomb provided interior architecture and design services for the renovation of the 70-year-old brick and wood bow-truss building, which is located near Jackson Park in the city’s Woodlawn neighborhood. Mount Carmel High School is an all-boy Catholic high school established in 1900. The latest in a series of campus renovations, the school’s Barry-Hughes Performing Arts Center project transformed an underutilized building into a fully equipped performing arts, music and recording studio facility. The large open space within the performing arts center comprises a flexible theater space that can accommodate audiences of up to 250 patrons. Ancillary uses in the performing arts center include a visual arts flex space, and art and pottery studio, study nooks, a student-run café and storage spaces.

April 16, 2025

Development Hospitality Michigan Midwest Retail

Michigan State Approves Construction of $150M Spartan Gateway District Project, Selects Developer

by Kristin Harlow April 15, 2025

EAST LANSING, MICH. — The Michigan State University Board of Trustees has authorized the university to move forward with the construction of the Spartan Gateway District, a public-private campus community development project on the west side of campus along Harrison Road in East Lansing. The university has selected G&G Project Sparta LLC, a joint venture between Lansing, Mich.-based Gillespie Group and Omaha, Neb.-based Goldenrod Cos., as the developer. The project’s price tag is $150 million, according to Crain’s Detroit Business. The Spartan Gateway District encompasses a new hotel and retail space as well as an athletics arena. The Olympics Sports Arena will support volleyball, wrestling, gymnastics, locker rooms and coaching office space in addition to a number of university classrooms. The hotel and retail space would be part of the public-private partnership between the university and the developer. The Spartan Gateway District will be developed in multiple phases. The first phase will include the arena, which is slated to be operational by late 2027. Additional phases featuring a variety of commercial uses including a hotel, housing, office and retail spaces will follow. The timeline for the final phase, which will expand the university’s use of the facilities, is yet to …

April 15, 2025

Indiana Industrial Leasing Activity Midwest

Simply Good Foods Signs 805,000 SF Industrial Lease in Mount Comfort, Indiana

by Kristin Harlow April 15, 2025

MOUNT COMFORT, IND. — Simply Good Foods has signed an 805,000-square-foot industrial lease for seven years in Mount Comfort, an eastern suburb of Indianapolis. The tenant is known for its Quest protein bars and shakes. The Class A building features a clear height of 40 feet, an abundance of trailer and auto parking and accessibility to major transportation routes. The Mount Comfort project is now fully leased. The landlord, CT Realty, has also leased its adjacent 250,000-square-foot facility to Schlage Lock.

April 15, 2025

Industrial Leasing Activity Midwest Minnesota

Kids in Need Foundation Relocates to 74,364 SF Industrial Space in Little Canada, Minnesota

by Kristin Harlow April 15, 2025

LITTLE CANADA, MINN. — Kids in Need Foundation has signed a long-term, 74,364-square-foot industrial lease at 200 S. Owasso Blvd. in Little Canada. The nonprofit organization, which is dedicated to providing suppliers and resources to teachers and students in underserved schools, plans to relocate and occupy the entire building later this spring. The new lease represents an expansion from the organization’s previous home in St. Paul. The new facility will feature a resource center where teachers can access donated school supplies at no cost. The property features nearly 20,000 square feet of office space and 55,000 square feet of warehouse space as well as 54 surface parking spaces and outdoor storage options. John Thompson and Alex Baron of Transwestern Real Estate Services represented the owner, JHM Owasso Properties. Stephen Davidson of Davidson Cos. Inc. represented the tenant.

April 15, 2025

Acquisitions Michigan Midwest Retail

CrownPoint Partners Brokers Sale of 14,933 SF Retail Property in Southgate, Michigan

by Kristin Harlow April 15, 2025

SOUTHGATE, MICH. — CrownPoint Partners has brokered the sale of a newly constructed retail property occupied by Range USA in Southgate for an undisclosed price. The single-tenant, net-leased asset totals 14,933 square feet and is situated on 2.2 acres at 12780 Reeck Road just off I-75. Julius Swolsky and Shannon Bona of CrownPoint represented the seller, CA Commercial Development, and the buyer, FrontView REIT. Founded in 2012, Range USA operates indoor shooting ranges. The Southgate location, which opened in January 2023, features 20 shooting lanes.

April 15, 2025

Acquisitions Hospitality Midwest Wisconsin

Marcus & Millichap Arranges $2.5M Sale of Oasis Hotel in Sheboygan Falls, Wisconsin

by Kristin Harlow April 15, 2025

SHEBOYGAN, WIS. — Marcus & Millichap has arranged the $2.5 million sale of the 45-room Oasis Hotel in Sheboygan Falls. The seller, a first-time hotel owner, acquired the property in 2022 and removed the flag, completed a full renovation and operated it as an independent hotel before deciding to exit. Built in 1988, the asset is located on 2.8 acres at 600 N. Main St. Reed Gizinski, Jon Ruzicka and Joseph Ferguson of Marcus & Millichap represented the seller and procured the undisclosed buyer.

April 15, 2025

Illinois Industrial Loans Midwest

JLL Arranges $22.5M in Financing for Metro Chicago Industrial Portfolio

by Kristin Harlow April 14, 2025

ARLINGTON HEIGHTS, ELK GROVE VILLAGE, SCHAUMBURG AND NORTHBROOK, ILL. — JLL Capital Markets has arranged $22.5 million in financing for a four-property, shallow-bay industrial portfolio totaling 382,762 square feet in metro Chicago. The financing included proceeds for the refinance of three assets and the acquisition of a fourth property. The portfolio consists of: Arlington Center, a two-building, 213,963-square-foot complex in Arlington Heights; Stanley, a five-building, 56,416-square-foot asset in Elk Grove Village; Remington, a 51,662-square-foot property in Schaumburg; and Old Willow Industrial Complex, a 12-builidng, 60,721-square-foot asset in Northbrook (acquisition). The properties are all at least 90 percent leased. Jeff Sause, Chad Morgan, Brian Walsh and Lauren Sackler of JLL arranged the financing through a life insurance company on behalf of the borrower, Unilev Capital Corp. and an affiliate of Palladius Capital Management. Raymond Levy, Ian Konowitch and Peter Berges of JLL led the Unilev team.

April 14, 2025

Acquisitions Midwest Multifamily North Dakota

Gindi Equities Acquires 162-Unit Amber Valley Apartments in Fargo, North Dakota

by Kristin Harlow April 14, 2025

FARGO, N.D. — Gindi Equities has acquired Amber Valley Apartments in Fargo for an undisclosed price. The acquisition marks the firm’s fourth Fargo market purchase in under 12 months. The seller, Property Resources Group, will continue to manage and service the asset. Constructed in 2001, Amber Valley Apartments comprises 162 units that range from one- to three-bedroom layouts. Gindi plans to launch a renovation program at the property, upgrading both interior spaces and common areas.

April 14, 2025

Acquisitions Illinois Industrial Midwest

Cawley CRE Brokers Sale of 168,000 SF Industrial Building in Chicago

by Kristin Harlow April 14, 2025

CHICAGO — Cawley Commercial Real Estate (CRE) has brokered the sale of a 168,000-square-foot industrial building located at 4343 W. Ohio St. in Chicago. The sales price was undisclosed. The property is situated on 7.8 acres within the Northwest Industrial Park and features overhead cranes, an active interior rail spur, zoning allowances for outdoor storage and access to heavy power. Frank Melchert and Stevan Arandjelovic of Cawley CRE represented the seller, Plant One LLC. Adam Schneiderman and Dale Strauss of Strauss Realty represented the buyer.

April 14, 2025

Indiana Leasing Activity Midwest Office

IWG Adds Three New Coworking Spaces in Indiana

by Kristin Harlow April 14, 2025

INDIANAPOLIS, SOUTH BEND AND BLOOMINGTON, IND. — International Workplace Group (IWG), a hybrid workspace platform with brands such as Spaces, Regus and HQ, has added three new coworking spaces in Indiana. The company’s footprint now totals more than 20 locations in the state. The new locations are at 863 Massachusetts Ave. in Indianapolis, 701 N. Niles Ave. in South Bend and 3802 E. 3rd St. in Bloomington. The Bloomington facility is now open, while the others will debut later this year. All will include private offices, meeting rooms, coworking and creative spaces. Citing explosive market growth as companies of all sizes adopt hybrid working for the long term, IWG says that 30 percent of all commercial real estate will be flexible workspace by 2030.

April 14, 2025

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