Midwest
NAI Hiffman Brokers Industrial Lease in Chicago’s Central DuPage
The tenant of the 74,678-square-foot property is Christian Art Gift, a manufacturer of religious books and gifts, which has been occupying the building since 2012.
CBRE Facilitates Chicago Retail Lease
Senior Vice President Joe Parrott represented the management of Marshfield Plaza, a 452,935-square-foot shopping center located in the city’s South Side.
Global Medical Buys $64M MOB Portfolio in Ohio
Marietta Memorial Hospital—a division of the Memorial Health System, a Fitch BB-rated health structure—currently leases four assets.
New Embassy Suites Opens near Indianapolis
The hospitality asset is close to several attractions such as Hamilton Town Center, Ruoff Home Mortgage Music Center, Edge Adventure Parks and the Conner Prairie Living History Museum.
Montecito Medical Expands Milwaukee Footprint
Built in 2016, the two-story facility houses a 24,563-square-foot accredited ambulatory surgery center with five operating rooms and 20 prep and recovery rooms.
NKF Facilitates 2 Chicago-Area Leases for K2 Express
One of the long-term agreements represents a renewal and expansion lease at a multi-tenant, Prologis-owned building in Franklin Park, Ill. The other deal concerns an adjacent four-acre land parcel.
Chicago’s Legal Sector Contracting Office Space
Since 2016, approximately 70 percent of the large Chicago law firms that completed lease transactions downsized, according to 2018 CBRE research. Senior Vice President David Mahoney talked with CPE about the impact of this trend on the metro’s office market.
Alliant Energy to Invest $1.8B for Wind Energy in Iowa
The energy company has received approval to expand its wind energy capacity in the state by 1,000 megawats by 2020, enough to power 430,000 Iowa homes.
Community Healthcare Acquires 4 MOBs in Suburban Chicago
Avison Young negotiated the four-building portfolio deal on behalf of the seller, a partnership of physicians associated with Joliet Oncology-Hematology Associates.
Ambrose Finalizes Purchase of Indianapolis Former GM Plant
The company plans to develop a new district on the site which will include office, retail and residential space, as well as a hotel and several public recreational places.