Saturday, February 7, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Midwest

Leasing ActivityMidwestMissouriOffice

Lathrop GPM to Relocate Kansas City Headquarters to 47,000 SF Office

by Kristin Harlow

KANSAS CITY, MO. — National law firm Lathrop GPM LLP will move its Kansas City headquarters to a new 47,000-square-foot office at Stanton Road Capital’s 2323 Grand Boulevard. The firm is relocating from its roughly 111,000-square-foot space at 2345 Grand Boulevard, where it has been based since the 1970s. The new office will be designed to adopt the firm’s companywide shift toward a hybrid work approach and is slated for occupancy in summer 2026. Lathrop’s office will be located on floors seven and eight with nine conference rooms, private offices, open workspaces and employee wellness rooms. Located in the heart of downtown, 2323 Grand Boulevard sits at the intersection of the Crossroads Art District and Crown Center, directly across from Union Station and the new RideKC streetcar station. The 320,976-square-foot, 11-story building offers onsite parking, flexible floor plates and spec suites. Stanton Road Capital acquired the property in late 2017 and has updated the amenities, including a conference center, gym, tenant lounge, dining area and outdoor patio. Additionally, Grand Coffee Co. will open a location within the building. Travis Helgeson and Miles McCune of Range Realty Partners are the property’s leasing agents. Scott Bluhm of Newmark Zimmer represented Lathrop GPM …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMidwestOhio

CBRE Arranges $13M Sale of Industrial Property in West Chester, Ohio

by Kristin Harlow

WEST CHESTER, OHIO — CBRE has arranged the $13 million sale of a 183,178-square-foot industrial property in West Chester near Cincinnati. Located at 9113 LeSaint Drive, the building served as the former headquarters of The O’Gara Group. Built in 1986 and renovated in 2023, the property features seven dock doors and eight drive-in doors on a 10.9-acre site. At the time of sale, the asset was fully occupied by three tenants. Will Roberts, Steve Timmel and Tim Schenke of CBRE represented the seller, TradeLane Properties. Plymouth Industrial REIT Inc. was the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestOffice

Greenstone Partners Negotiates $7.4M Sale of Flex Office Building in Chicago’s Fulton Market

by Kristin Harlow

CHICAGO — Greenstone Partners has negotiated the $7.4 million sale of a 48,500-square-foot flex office and industrial building located at 1100 W. Monroe St. in Chicago’s Fulton Market neighborhood. The three-story property features efficient floor plates, industrial storage, three exterior docks on the first floor and 37 surface parking spaces. The asset, which was well maintained by an owner-occupant for more than 20 years, is located two blocks south of McDonald’s global headquarters. Jason St. John of Greenstone Partners represented the buyer, Alexander West Capital, the family office of the Leopardo family. The property will serve as the new home for Leopardo Construction’s Chicago operations. Andrew Davidson, Jay Beadle and David Kimball of Transwestern represented the seller, 1100 West Monroe LLC, an affiliate of Kolcraft Enterprises.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestMultifamily

Kiser Group Brokers $3.9M Bulk Condo Sale in Rosemont, Illinois

by Kristin Harlow

ROSEMONT, ILL. — Kiser Group has brokered the $3.9 million sale of 35 condominium units in a bulk transaction in Rosemount, a suburb of Chicago. The value-add asset was 97 percent occupied at the time of sale and provides convenient access to Chicago O’Hare International Airport, Rivers Casino and the Rosemont Fashion Outlets. Andy Friedman and Jake Parker of Kiser brokered the sale, which involved multiple sellers. The buyer was a local investor.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMultifamilyOhio

ACRES Provides $72.5M Loan for Refinancing of Apartment Complex in Columbus

by Kristin Harlow

COLUMBUS, OHIO — ACRES Capital Corp. has provided a $72.5 million bridge loan for the refinancing of 4th & 5th Apartments, a 311-unit apartment complex in Columbus. The Class A property features a 557-space parking garage and two retail suites totaling 5,492 square feet. Amenities include a clubhouse, courtyard, fitness center, rooftop area and swimming pool. The community is located on the southern edge of the city’s Weinland Park neighborhood, which is directly east of the Short North Arts District. Loan terms and the borrower were not provided.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndianaIndustrialMidwest

Ambrose Breaks Ground on 248,000 SF Building at Indianapolis Logistics Park – Northwest

by Kristin Harlow

WHITESTOWN, IND. — Ambrose has broken ground on Building IV, a speculative industrial building totaling 248,000 square feet at Indianapolis Logistics Park – Northwest in Whitestown. The building marks the last planned development within the industrial park and is slated for completion in December. Building II was completed in April, and the balance of the building — 145,568 square feet — was recently leased to a confidential user. Kattsafe North America, a provider of innovative safety and security solutions, moved into its 93,871-square-foot headquarters in Building II. The 233,000-square-foot Building III is available for lease. Construction continues on Building I, a 601,000-square-foot build-to-suit for Safavieh, a global home furnishings company. The general contractor for all four buildings is Compass Commercial Construction Group. Design partners include Curran Architecture and Kimley-Horn. CBRE is the leasing agent. Ambrose partnered with Horizon Bank on the construction financing for Buildings II and IV. Total investment in the park exceeds $120 million.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRetail

Marcus & Millichap Brokers Sale of Two-Tenant Retail Property in Chicago’s South Loop

by Kristin Harlow

CHICAGO — Marcus & Millichap has brokered the sale of 1160 S. Michigan Ave., a two-tenant, ground-floor retail property in Chicago. Located at the base of The Columbian, a 47-story residential tower, the fully leased property is home to Burger Bar Chicago and Elements Massage. The two tenants have been in place for over a decade and recently extended their leases. Mitchell Kiven and Nicholas Kanich of Marcus & Millichap represented the seller, a limited liability company. Kiven and Kanich procured the buyer, Zam Investment LLC, along with colleague Carson Dodge.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMidwestOhioRetail

Eight New Retailers to Open at Easton Town Center in Columbus

by Kristin Harlow

COLUMBUS, OHIO — Eight new retailers with a focus on men’s fashion are opening soon at Easton Town Center, which is home to more than 250 fashion, dining and entertainment offerings in Columbus. Now open is Allen Edmonds, a U.S.-based manufacturer of premium men’s footwear and accessories. The Madewell store is now offering Madewell Men’s. Coming soon to the property are first-in-Ohio locations for Faherty, Peter Millar, State & Liberty, Suitsupply and Todd Snyder. Additionally, the first Vuori store in Columbus will debut.

Continue Reading
FacebookTwitterLinkedinEmail
IllinoisMichiganMidwestMinnesotaOhio

Census: Midwest Shows Modest Year-Over-Year Population Growth

by Kristin Harlow

WASHINGTON, D.C. — The Midwest showed modest population growth from 2023 to 2024 with average rates varying by population size, according to the U.S. Census Bureau’s Vintage 2024 estimates released May 15. Places with fewer than 5,000 residents saw an average growth of 0.1 percent. Those with populations between 5,000 and 9,999 recorded a 0.6 percent average increase, while cities and towns with 10,000 to 49,999 residents grew by an average of 0.7 percent — the same rate observed in places with populations of 50,000 or more. Nationally, cities with populations fewer than 5,000 grew by 0.3 percent on average, compared with average growth rates of 1 percent for those with populations of 5,000 to 9,999; 1.1 percent for populations of 10,000 to 49,999; and 1 percent for populations of 50,000 or more. Between 2023 and 2024, 22 cities and towns in 16 states nationwide crossed the 20,000-population threshold. Four were in the Midwest. Rosemount, Minnesota, was ranked as one of the top 10 fastest-growing cities and towns with populations of 20,000 or more. The population grew 10.6 percent to 30,581. Rosemount was the only city in the Midwest to make the top 15 list. Chicago was ranked No. 7 …

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMissouriOffice

3650 Capital Originates $55M Loan for Refinancing of Office Tower in Metro St. Louis

by Kristin Harlow

CLAYTON, MO. — 3650 Capital has originated a $55 million loan to refinance Shaw Park Plaza, a 15-story, 278,000-square-foot office building in Clayton near St. Louis. The loan carries a five-year term. The borrower, Tryperion Holdings, has owned the property since July 2021. Since that time, the firm has executed a value-add business plan, investing $12.6 million in leasing expenditures and resulting in a 125 percent increase in net operating income. The building’s occupancy sits at nearly 97 percent. Proceeds from the loan were used to refinance the existing $52.7 million floating-rate debt and fund closing costs.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts