Midwest
NARE Expands Chicagoland Retail Portfolio
The company acquired Woodgrove Festival, a roughly 157,000-square-foot retail center in Woodridge., Ill. The asset is approximately 89 percent occupied.
Marcus & Millichap Arranges MN Industrial Deal
Sean O’Brien and John Godwin, investment specialists with the company, closed the $4.7 million deal. The asset is located in St. Paul.
On the Market: 5 Interesting Listings for August
This month’s listings include several modern office buildings on the West Coast; a top-of-the line medical center in Fort Wayne, Ind.; and a recently completed retail center in Kennewick, Wash.
REI Refinances Indianapolis Office Tower
The 27-story downtown building landed a fixed-rate loan from Nationwide Real Estate Investments, with HFF spearheading efforts for the borrower.
$1.3B Ohio Project Advances
Located in Columbiana County, the 1,182-megawatt South Field Energy facility is scheduled for completion in 2021.
Brennan, Arch Street Buy Multi-State Industrial Portfolio
Progressive Converting Inc. is the sole occupant of the three properties, which are located in the Green Bay, Wis., and Scranton, Pa., metropolitan areas.
JLL Tapped to Lease, Manage Ohio Mixed-Use Center
Liberty Center offers more than 1.3 million square feet, including 77,000 square feet of office, a 130-key AC Hotel by Marriott, 240 residential units and nearly 100 retail and entertainment options.
Rubenstein Partners JV Buys $121M Chicagoland Office Asset
The company purchased Continental Towers in a joint venture with GlenStar, the former owner of the property, which will remain as operating partner.
Single-Tenant Retail Building Trades in Cleveland
The 7,489-square-foot property located at 3040 Fulton Road was leased to Dollar General at the time of transaction.
INAP, Digital Crossroads Break Ground on IN Data Center
The project will sit on a 77-acre lot, formerly housing a power plant. Developers will take advantage of the existing infrastructure, while investment into the data center is expected to reach $200 million.