BOLINGBROOK, ILL. — Cargowill, an e-commerce logistics company, has signed a 42,169-square-foot industrial lease at 1325 Remington Blvd. in Bolingbrook. Jeff Galante of Lee & Associates of Illinois represented the landlord, Pritzker Realty Group. Chris Nelson of Lee & Associates represented the tenant. Built in 2016, the 112,000-square-foot property features immediate access to I-55 via the Weber Road interchange.
FOREST PARK, ILL. — Greenstone Partners has negotiated the $8.4 million sale of Circle Plaza, a fully occupied, multi-tenant retail center in Forest Park. Brewster Hague and Connor Sheedy of Greenstone brokered the sale. Circle Plaza totals 18,486 square feet and is home to Dunkin’, Pep Boys, Bloc Dispensary, HEAL Wellness and Sploot Veterinary Care. Originally developed in 1984, the property has mostly maintained 100 percent occupancy throughout its history. Buyer and seller information was not provided.
Today, there’s a multitude of factors shaping the retail leasing market. Smaller footprints, the influence of technology, changing lifestyles of younger generations, limited new supply and backfilling closures are just some of the most prominent storylines. As of the first quarter, the national retail vacancy rate held stable at 4.4 percent, up 10 basis points from the prior quarter, according to Colliers, which covers malls, shopping centers and general retail across 390 markets. “The market remains structurally tight due to limited new supply and steady backfill demand,” summarizes the brokerage firm in its first-quarter “U.S. Retail Market Statistics” report. “A clear bifurcation persists, with tight availability for small spaces and more modest availability among large anchor boxes.” In a nutshell, today’s retailers prioritize smaller, more efficient spaces with strong visibility, easy access and co-tenancy with established traffic drivers along with the flexibility to support omnichannel operations, says Ron Goldstone, executive vice president at NAI Farbman in Farmington Hills, Michigan. In the first quarter of the year, Continental Realty Corp. executed deals with tenants in the health and wellness category, service-oriented uses, food-and-beverage, children’s schools, entertainment and various franchise concepts in the 1,500- to 2,000-square-foot range, according to Kristina O’Keefe, senior …
KAUAI, HAWAII — X-Caliber Capital Holdings, a commercial real estate finance firm based in Irvington, N.Y., has provided a financing package totaling $431 million for the redevelopment of Coco Palms, a 32-acre resort destination on the Hawaiian island of Kauai. The property was famously the filming location of “Blue Hawaii,” a 1961 movie starring Elvis Presley, and is listed on the National Register of Historic Places. “Coco Palms holds a unique place in Kauai’s history, and its restoration is an exciting development for the island and its residents,” says Chris Callahan, president and CEO of X-Caliber. The financing includes $185.6 million of conventional financing via an affiliate of X-Caliber, X-Caliber Rural Capital, and $245.4 million of C-PACE financing through CastleGreen Finance, another X-Caliber affiliate. Together, the loans will provide 80 percent of the estimated redevelopment cost and are priced at an “attractive,” blended interest rate. Gabe Mashaal of X-Caliber Rural Capital originated the conventional loan on behalf of the developer, Utah-based Reef Capital Partners. New York City-based Highgate will operate Coco Palms upon completion of the redevelopment, which is planned for 2028. The conventional funds are intended to provide construction-through-stabilization financing for up to five years. The C-PACE funds are …
DALLAS — Locally based investment firm M2G Ventures has completed the redevelopment of the former Inwood Design District in northwest Dallas. The project converted a 14-building campus into a 740,000-square-foot industrial and retail property that also includes showroom space. The showroom and light industrial components are known as the Inwood Design District, and the retail and restaurant components are known as Ace on Inwood. The company purchased the 38-acre site at 1110 Inwood Road in early 2025, at which time the property was home to tenants such as Crate & Barrel, White Glove Storage & Delivery, Community Coffee, Neiman Marcus and Granimport USA.
EULESS, TEXAS — H-E-B has opened a 126,000-square-foot store in Euless, located in the northern-central part of the metroplex. Located at 2105 Rio Grande Blvd. and known as Mid-Cities H-E-B, the store is the 12th to be opened by the San Antonio-based grocer in the metroplex since 2022. H-E-B has also opened three Joe V’s Smart Shop stores in the area during that time, and this store’s debut also includes the opening of H-E-B’s 50th True Texas barbeque restaurant.
COLUMBUS, OHIO — Trident Capital Group has announced five transactions and developments across the greater Columbus region, adding 1.9 million square feet of industrial space to its portfolio. Columbus Works Commerce Center Phase I (Building C) is a 191,077-square-foot facility in Columbus that was completed in fourth-quarter 2025 and is now fully leased to three tenants. Trident is currently constructing Columbus Works Commerce Center Phase II (Building D), which will total 177,607 square feet on 16.5 acres. The building will feature a clear height of 32 feet, 21 dock doors, three drive-in doors and 144 car parking spaces. Nick Tomasone and Kilar Mariotti of CBRE are handling leasing. In April, Trident acquired the Ease Logistics Distribution Center, a 308,358-square-foot build-to-suit facility in Marysville. Delivered in 2024, the asset is fully leased to Ease Logistics Services LLC. The property is situated on 25 acres within 33 Innovation Park. Under construction is Rickenbacker Industrial Center III in Lockbourne. Developed in partnership with O’Connor Capital Partners, the project totals 958,740 square feet of speculative space. The development is slated for completion in first-quarter 2027 and will feature a clear height of 40 feet, 104 dock doors, a 190-foot truck court, 238 trailer parking …
O’FALLON, ILL. — LCG Capital Management LLC has acquired Colony Square and Williamsburg Center, a seven-building, 81,700-square-foot office campus in O’Fallon near Scott Air Force Base. The transaction marks LCG’s entry into a category it intends to grow — mission-critical office space serving the defense contractors and government services firms that support Scott, headquarters of U.S. Transportation Command and Air Mobility Command. LCG executed the transaction through JRN Investments LLC. The campus carries below-market rents and existing vacancy that the firm expects to lease up. LCG is a St. Louis-based commercial real estate firm founded in 2024 and backed by Alberici Corp.
BRIDGE CITY, TEXAS — Marcus & Millichap has brokered the sale of the 110-site Town & Country RV Park in Bridge City, which is part of the Beaumont-Port Arthur metroplex in East Texas. The property spans 26 acres. Brad Dorsey and Skyler Henderson of Marcus & Millichap represented the seller and procured the buyer, both of which were Texas-based investors that requested anonymity, in the transaction.
OAK BROOK, ILL. — Lee & Associates of Illinois has brokered the sale of a 70,497-square-foot office property located at 915 Harger Road in Oak Brook. Tony Russo of Lee & Associates represented the seller, KMMRD Enterprises. The asset was 48 percent leased at the time of sale, with law firm Godoy occupying the largest space. The buyer, Urban Commercial Property Group, plans to invest significant capital into building renovations and deferred maintenance improvements.
