Property Type

Mid-America Brokers Sale of 255,704 SF Wind Point Shopping Center in Batavia, Illinois

by Kristin Harlow November 14, 2025

BATAVIA, ILL. — Mid-America Real Estate Corp. has brokered the sale of Wind Point Shopping Center, a 255,704-square-foot, grocery-anchored community center in the Chicago suburb of Batavia. The property is 98.7 percent leased to tenants such as Aldi, Kohl’s, Hobby Lobby, Harbor Freight Tools, OfficeMax, HobbyTown, Picked!, PetLand and AT&T. The center is positioned on the retail corridor or Randall Road. Ben Wineman and Emily Gadomski of Mid-America represented the seller, PMAT Real Estate Investments. Core Equity Partners was the buyer.

November 14, 2025

Illinois Loans Midwest Multifamily

BBCP Secures $38M Loan for Refinancing of Multifamily Portfolio in Morton, Illinois

by Kristin Harlow November 14, 2025

MORTON, ILL. — Black Bear Capital Partners (BBCP) has arranged a $38 million loan for the refinancing of a three-property multifamily portfolio totaling 236 units in Morton near Peoria. Ethos Build was the borrower. PGIM provided the five-year, fixed-rate loan, which features interest-only payments for three years, a 30-year amortization schedule and a 65 percent loan-to-value ratio. The properties, located at 1950 S. Second Ave., 651 Harding Road and 661 Harding Road, are 97 percent occupied and feature a mix of two- and three-bedroom units. All residents have access to a 4,000-square-foot clubhouse with work stations, a self-serve café, lounge, game area, outdoor porch and fire pits.

November 14, 2025

Acquisitions Illinois Loans Midwest Retail

JLL Arranges $27.3M Acquisition Loan for Shopping Center in Metro Chicago

by Kristin Harlow November 14, 2025

NAPERVILLE, ILL. — JLL Capital Markets has arranged a $27.3 million acquisition loan for Market Meadows, a 149,185-square-foot, grocery-anchored shopping center in Naperville. Chris Drew, Travis Anderson, Chris Knight, Wells Waller and Merrick Evans of JLL represented the borrower, Barings, in arranging a seven-year, fixed-rate loan through Principal Asset Management. The property is 98.3 percent leased and anchored by a Jewel-Osco store that comprises 45 percent of the net rentable area. Additional tenants include U.S. Bank, BMO Bank, T-Mobile, Chipotle, Jersey Mike’s Subs and McDonald’s.

November 14, 2025

Leasing Activity Michigan Midwest Office

Angstrom NA to Relocate Global Headquarters in Southfield, Michigan

by Kristin Harlow November 14, 2025

SOUTHFIELD, MICH. — Angstrom NA LLC has unveiled plans to relocate its global headquarters to the newly renamed Angstrom Office Center in the Detroit suburb of Southfield. Located on Telegraph Road, the office property totals 233,400 square feet across six stories. Angstrom will occupy the sixth floor. Rick Ax and Brad Margolis of NAI Farbman negotiated the lease. Over the past five years, the building has undergone more than $20 million in upgrades, including a newly built cafeteria, coffee bars, lounge spaces, game rooms and conference rooms. Angstrom is a tier 1 full-service supplier for automotive and industrial original equipment manufacturers. The company’s current headquarters are at 2000 Town Center in Southfield.

November 14, 2025

Acquisitions Hospitality Midwest North Dakota

Marcus & Millichap Negotiates Sale of 75-Room MainStay Suites Hotel in Minot, North Dakota

by Kristin Harlow November 14, 2025

MINOT, N.D. — Marcus & Millichap has negotiated the sale of a 75-room MainStay Suites hotel in Minot. Jake Erickson, Jared Plamann, Brock Banken and Jon Ruzicka of Marcus & Millichap represented the seller, Minot Hospitality Partners LLC. Erickson and Plamann procured the buyer, Astro Hospitality LLC. Built in 2011, the 39,918-square-foot property sits on 1.7 acres adjacent to Dakota Square Mall.

November 14, 2025

Development Industrial North Carolina Office Southeast Top Stories

Scout Motors Selects Charlotte for New U.S. Corporate Headquarters, Plans $206M Investment

by Taylor Williams November 14, 2025

CHARLOTTE, N.C. — Scout Motors has selected Charlotte as its new U.S. corporate headquarters. The car manufacturer and subsidiary of German automaker Volkswagen plans to invest about $206 million within the local economy and to bring about 1,200 new jobs to the trade area. Scout Motors plans to fill these jobs over the next five years and will pay average annual wages of $172,000, which the company says is nearly double the average annual wage in Mecklenburg County. Scout Motors will locate its headquarters within Commonwealth, a mixed-use development in Charlotte’s Plaza Midwood neighborhood that is co-developed by Crosland Southeast and Nuveen Real Estate. The announcement builds on previous U.S. real estate activity by Scout Motors. The company is currently under construction on a 1,100-acre car manufacturing facility roughly 75 miles south of Charlotte in Blythewood, S.C., a project that is expected to be operational by 2027. The company also operates an “innovation center” in Novi, Mich. According to The Center Square, a watchdog publication that covers activities of state and local governments, Scout Motors received roughly $72 million in economic incentives for the deal. These included about $51.3 million from the State of North Carolina, $12.8 million from Mecklenburg …

November 14, 2025

Development Mixed-Use Texas

Transwestern Breaks Ground on Mixed-Use Project in Houston’s River Oaks District

by Taylor Williams November 13, 2025

HOUSTON — Transwestern has broken ground on a mixed-use project in Houston’s River Oaks district that represents the next phase of The Ro, a 17-acre development located at the intersection of West Alabama Street and Buffalo Speedway. The ensuring phase of The Ro will feature The Birdsall, Auberge Collection, which will consist of 44 residences and 105 boutique hotel rooms; The Clayton, a 317-unit apartment community; 80,000 square feet of retail and restaurant space; and office space. The previous phase of The Ro featured a 145,000-square-foot office building that is nearing completion and scheduled for tenant occupancy in June 2026. The Birdsall and The Clayton, as well as the retail component of the next phase, are expected to be delivered in late 2027.

November 13, 2025

Build-to-Rent Development Single-Family Rental Texas

NexMetro Begins Leasing 260-Unit Build-to-Rent Project in Liberty Hill, Texas

by Taylor Williams November 13, 2025

LIBERTY HILL, TEXAS — NexMetro, a Phoenix-based build-to-rent (BTR) developer, has begun leasing Avilla Rio Oaks, a 260-unit community located about 35 miles northwest of Austin in Liberty Hill. The gated community sits on 25 acres and features one-level homes in one-, two- and three-bedroom formats with garages or covered parking. Amenities include a pool, grilling stations, lounge areas, a dog park and walking paths. Rents start at roughly $1,400 per month for a one-bedroom home.

November 13, 2025

Acquisitions Retail Texas

Baker Katz Buys 108,016 SF Lakewood Forest Shopping Center in Houston

by Taylor Williams November 13, 2025

HOUSTON — Locally based brokerage and investment firm Baker Katz has purchased Lakewood Forest Shopping Center, a 108,016-square-foot shopping center located in northwest Houston. According to LoopNet Inc., the center was originally built in 1984. Current tenants include Planet Fitness, Dollar Tree, First Watch, Taco Cabana and KFC. Jason Baker, Kenneth Katz, Ben Brown and Jack Moody led the transaction internally for Baker Katz. The seller and sales price were not disclosed.

November 13, 2025

Acquisitions Industrial Texas

Brennan Acquires Industrial Outdoor Storage Facility in South Houston

by Taylor Williams November 13, 2025

HOUSTON — Chicago-based Brennan Investment Group has purchased an industrial outdoor storage (IOS) facility in South Houston. The 7.5-acre facility at 55 Southbelt Industrial Drive features a 32,025-square-foot building with 17 grade-level doors in a cross-dock configuration, as well as a single 30-ton exterior crane and 4 acres of outdoor storage space. The seller and sales price were not disclosed.

November 13, 2025

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