Midwest
Clayco Hires New CFO
James Havel has more than 40 years of experience having previously run the financial activities of companies such as Enterprise Financial Services Corp. and Express Scripts.
Work Begins on $180M Mixed-Use Project in KC
Drake Development broke ground on Streets of West Pryor, a 70-acre project that is set to include residential, hospitality and retail components.
Montecito Medical Buys 221 KSF Nashville-Area MOB
The purchase of the fully leased, three-story trophy property in Murfreesboro, Tenn., marks the company’s second acquisition in the metro this year.
Metro Storage Lands $78M Refi for 8-Property Portfolio
The bridge loan is for Class A facilities situated in suburban areas of Illinois, New Jersey and Pennsylvania. Talonvest Capital negotiated the financing.
Hines Sells Cincinnati Office Property for $81M
Viking Partners Fund IV has teamed up with DRA Advisors to acquire a 404,000-square-foot property in the Kenwood submarket.
ICP Acquires 1.4 MSF Ohio Distribution Center
Located on the outskirts of Youngstown, the asset is the fifth such facility acquired by the investor from Sears or Kmart.
PREMIER Design Breaks Ground on IL Facility for Sterling Bay
The company will work with Cornerstone Architects and Spaceco to develop the 153,000-square-foot industrial facility, which will provide extensive frontage on Interstate 55.
RDG Funds Receives Financing for Historical Chicago Asset
CBRE’s capital markets debts and structured finance team arranged the $8.3 million loan. The 1865-built asset is located in the West Loop neighborhood.
CBRE Brokers Columbus Office Sale
The seller purchased the 29,672-square-foot downtown building in 1986 and will relocate their office in Grandview Yard starting Spring 2020.
ICP Buys Former Sears Distribution Center in Metro Columbus
Citing substantial demand, the Ohio-based developer plans to subdivide the 570,000-square-foot property, which is fully equipped with conveyors and racking.