CHICAGO AND MILWAUKEE — Brennan Investment Group has acquired an 801,728-square-foot industrial portfolio located across the Chicagoland and Milwaukee markets. The portfolio is comprised of 13 shallow-bay industrial buildings with a diverse tenant mix and a weighted average lease term of more than four years. The Chicago submarkets include I-55, Lake County, Northern DuPage and Central Kane/I-88, while the Milwaukee properties are located within the Airport and Northwest submarkets. Brennan’s Midwest portfolio totals 28 million square feet.
KANSAS CITY, MO. — Developers Palmer Square Real Estate and Marquee Development have begun pre-leasing efforts for the first two luxury residential spaces within Current Landing, a waterfront development and mixed-use district in Kansas City. Applications for spring 2026 move-ins are now available for River’s Edge Residences and Confluence Residences. Willow Bridge Property Co. is handling property management and leasing. Current Landing is anchored by CPKC Stadium, the world’s first stadium purpose-built for a women’s professional sports team and home of the Kansas City Current. River’s Edge and Confluence offer immediate access to the Kansas City Streetcar’s new Riverfront Extension. River’s Edge places residents closer to the Missouri River than any other apartment community in Kansas City, according to the developers. The community offers a mix of studio, one- and two-bedroom residences along with a limited collection of two-story townhomes. Amenities include work-from-home spaces, a fitness center, spa, resident lounges, two amenity decks, a pool, outdoor kitchens and a putting green. Confluence offers studio, one- and two-bedroom apartments with direct access to public spaces, including Current Landing’s new town square. Amenities include a fitness center, work-from-home spaces, a clubroom, outdoor amenity deck and resort-style pool.
CLEVELAND — Kiser Group has brokered the sale of an 84-bed skilled nursing facility in a rural market east of Cleveland for $7 million. The property features 76 skilled nursing beds, five assisted living units and three independent living units. Situated on 26 acres, the community was built in 1950 and expanded through multiple additions between 1995 and 2001. At the time of sale, occupancy ranged between 70 and 80 percent. The buyer is a seasoned owner-operator with a large skilled nursing portfolio across the Midwest and a growing presence in Ohio. The buyer plans to implement strategic initiatives aimed at improving cash flow and enhancing overall performance. The seller was a family ownership group based in the Cleveland area. Mark Myers of Kiser brokered the sale.
ORLAND PARK, ILL. — Amazon (NASDAQ: AMZN) has unveiled plans to open a first-of-its-kind retail store in the southern Chicago suburb of Orland Park. The planned brick-and-mortar store will occupy the long-vacant site of the former Petey’s II restaurant at the southwest corner of 159th Street and LaGrange Road. The Orland Park Village Board approved the project at its Jan. 19 meeting. Amazon’s plans call for a one-story building of approximately 230,000 square feet that will offer groceries, household essentials and general merchandise. The store would function similarly to a large-format retailer such as a Walmart Supercenter. The commercial retail store would be open to the public and is not a warehouse or distribution center. Both the Orland Park Plan Commission and the Board of Trustees have reviewed and approved the plan. The village is not providing any financial incentives to Amazon as part of this project. “When a global retailer of this scale considers investment in Orland Park, it sends a strong signal about the vitality of our community and the strategic importance of this corridor,” says Orland Park Mayor Jim Dodge. According to a release, Amazon’s proposed multimillion-dollar investment in Orland Park would generate millions in sales and …
BURLINGTON, N.C. — Funds managed by Blackstone Credit & Insurance will invest $475 million to construct a highly automated grocery distribution center in Burlington, a city in North Carolina’s Triad region near Greensboro. The Blackstone affiliate purchased the 196-acre site for $46 million, according to Triad Business Journal. The company leased the site to Ahold Delhaize USA, the U.S. arm of global grocer Ahold Delhaize that operates the Food Lion, Giant Food and Stop & Shop grocery chains. Under the triple-net lease agreement, Blackstone Credit & Insurance will own the facility and fund 100 percent of the construction costs, while Ahold Delhaize USA will occupy the facility for the long-term with an option to purchase the site in the future. Construction of the new facility is expected to begin in the first quarter , with plans for the distribution center to be fully operational by 2029 and employ over 500 Ahold Delhaize associates.
DALLAS — High Street Residential, a subsidiary of Trammell Crow Co., has broken ground on a 394-unit multifamily project in the Highland Park area of Dallas. The project, which has yet to be formally named, is part of a multi-phase conversion of approximately 16 acres of surface parking owned by Dallas Area Rapid Transit (DART). The seven-story building will feature studio, one- and two-bedroom units. Amenities will include a pool, fire pits and grilling stations, a clubroom, fitness center, coworking spaces, dog park and access to the University Crossing hike-and-bike trail system. GFF is the project architect, and Andres Construction is the general contractor. Santander Bank is financing construction, which is slated for a late-2027 completion.
HOUSTON — Colliers has brokered the sale of Humble Commerce Center Building 2, a 55,900-square-foot warehouse located at 17520 Eastex Freeway Road in North Houston. According to LoopNet Inc., the building was constructed on a 2.5-acre site in 2024 and offers 32-foot clear heights, eight dock-high doors and one grade-level door. Robert McGee, Taylor Schmidt and Austin Bartula of Colliers represented the seller, an entity doing business as Urban Eastex LP, in the transaction. Sinem Arikan and Barkley Peschel, also with Colliers, represented the buyer, ELLAXA.
TUSCALOOSA, ALA. AND FAYETTEVILLE, N.C. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has closed two loans totaling $88.4 million for the refinancing of three apartment communities in the Southeast. The properties include Mosaic Apartments, a 456-unit community in Tuscaloosa, and two complexes in Fayetteville totaling 312 units: Britt Lake and Woodland Village. Moshe Feiner of Sevenstone Capital worked along with Andrew Tichy of Dwight Mortgage Trust to arrange the five-year, fixed-rate loans on behalf of the borrowers, private high-net-worth investors that used the loan proceeds to refinance existing debt, cover transaction costs and fund interest reserves.
HOUSTON — Locally based brokerage and investment firm Finial Group has arranged the sale of a 51,892-square-foot industrial complex in northwest Houston. According to LoopNet Inc., the multi-building property at 12539 Perry Road was built on 4.7 acres in 1998 and features 31-foot clear heights. Andrew Bischoff and Tyler Holt of Finial Group represented the undisclosed buyer in the transaction. The seller and sales price were also not disclosed.
PLANO, TEXAS — Porch Warranty has signed an 11,569-square-foot office lease in Plano. The provider of home protection services is taking space within Assembly Park, a 180,000-square-foot property that is a redevelopment of the former Market Square Mall. Shannon Brown, Julee Amparo and Tommy Nelson of CBRE represented the landlord, Houston-based Triten Real Estate Partners, in the lease negotiations. Clay Vaughn and Olivia McNeel of Savills represented the tenant.