Midwest
Bridge Development Makes Chicago-Area Industrial Acquisition
The company will demolish the existing facility and redevelop it into a state-of-the-art distribution center by the end of 2019.
On the Market: 5 Interesting Listings for December
This month’s listings include a redevelopment-ready property in Richmond, Va.; a recently completed luxury community in Philadelphia; and other opportunities.
Sterling Bay Enters Miami With Creative Office Project
The Chicago-based company and its partners acquired a site in the Wynwood neighborhood for roughly $19 million and plan to begin construction of a 10-story, Class A project.
Missner Group Delivers Chicago Industrial Facility
The company partnered with Timber Hill Group to complete the Chaddick Industrial Center in the Northeast Cook County submarket. Cushman & Wakefield represented ownership.
Thor Equities Sells Retail Space in Downtown Chicago
The buyer, Jenel Management Corp., paid $26 million for the two-story shopping center which is currently leased to Verizon, T-Mobile and Blick Art Materials.
Opus Buys Target Campus in Minneapolis
The company plans to convert the asset into a multi-tenant office property and include additional amenities into the space by spring 2019.
Art Van Furniture Store Changes Hands in OH
The 91,388-square-foot store located in Toledo’s metropolitan area traded for $16.5 million. Stream Capital Partners represented the institutional seller.
Cleveland Office Tower Receives $100M Refi
Located in the waterfront district of the city, the 23-story Ernst & Young Office Tower features 465,000 square feet of leasable space.
Bedrock Breaks Ground on $820M Detroit Mixed-Use
The 1.4 million-square-foot downtown development is the latest milestone in the rebirth of the city, which emerged from bankruptcy in December 2014.
332-Unit Storage Opens in TN
Absolute Storage Management has expanded its self storage portfolio with a 35,720-square-foot facility in Chattanooga, Tenn. Atlantic SBS LLC was the developer of the building.