Midwest
RPT Realty Sells 2 WI Shopping Centers for $69M
The firm sold The Shoppes at Fox River in Waukesha and East Town Plaza in Madison. Proceeds will go towards funding the firm’s value creation initiatives and reducing leverage.
Marcus & Millichap Brokers $9.1M Sale of Chicago Retail Asset
The 27,780-square-foot property, which is located in one of the highest barriers to entry submarkets in the city, underwent complete renovation in 2007.
LSTC Expands Michigan Office Portfolio
The California-based company acquired the second building that makes up Butterfield Park Place from Wilson Real Estate, closing its eleventh acquisition in the state.
Home2 Suites by Hilton Opens in MN
Part of a $28 million development, the 107-key project is the second new hotel to come online in Brooklyn Park since 1998.
DRA Advisors Buys Minneapolis Office Portfolio
The nearly $74 million deal includes two high-rises totaling more than 620,000 square feet of Class A space in the city’s central business district.
United Airlines Renews Lease at Chicago’s Willis Tower
The new agreement extends the carrier’s existing lease until 2033. United will invest millions to upgrade its 850,000-square-foot headquarters at the famed property.
Schostak Brothers Buys MI Distribution Center
Colliers represented the company in the acquisition of a 950,000-square-foot facility in Grand Rapids, as well as the property’s seller, Minnetrista Investments LLC.
Nashville Office High-Rise Commands $105M
The 26-story Class A tower last changed hands in November 2013, when Shidler Group shelled out $103 million for the Union Street asset.
EDPR, Microsoft Sign Ohio Wind PPAs
The agreements bring Microsoft’s directly acquired renewable energy portfolio to nearly 1.4 gigawatts. Timber Road IV Wind Farm is the company’s fifth project in the region.
Tennant Co. Acquires MN Office Campus
The industrial cleaning equipment manufacturer has purchased the property in Eden Prairie, where it plans to relocate its headquarters in 2020.