Midwest
High Street Realty Buys Chicago Industrial Portfolio for $86M
JLL’s Capital Markets team facilitated the transaction, which included 11 institutional-quality, value-add properties totaling nearly 1.2 million square feet.
Packard Hospitality to Renovate, Reflag IL Hotel
Springfield’s State House Inn is situated two blocks north of the Capitol and is anticipated to open for business in September.
Panattoni Breaks Ground on 815 KSF Warehouse in TN
The build-to-suit facility, which is fully preleased to Dorman Products, is scheduled for completion by the end of the year.
Ventas Taps New EVP Office, President of Lillibridge Healthcare
Peter Bulgarelli will lead the company’s integrated 25 million-square-foot ambulatory medical office building and university-based life science portfolio.
Avison Young Hires Principal, SVP in Minneapolis Office
Phil Kluesner and Eddie Rymer bring a total of more than 45 years of commercial real estate experience. Prior to joining Avison, they served as senior vice presidents at Carlson Commercial.
Newport Capital Partners Adds WI Shopping Center to Portfolio
The Plaza, a 108,000-square-foot property in Brookfield, Wis., represents the seventh asset in the buyer’s retail fund. The transaction closed at $17.9 million.
BBG Relocates Local Office to Midtown Detroit
The company moved to a two-story, 9,000-square-foot Brush Park office building, which was once the site of a 100-year-old auto garage.
New SpringHill Suites by Marriott Opening in MI
The 100-key hotel is located in Grandville, Mich., and offers convenient access to Rivertown Crossings Mall, Van Andel Arena and the Frederick Meijer Gardens & Sculpture Park.
Ryman Hospitality to Open Eastern TN Venue
When completed, in spring 2019, the 16,000-square-foot Ole Red Gatlinburg venue will include a two-story bar and restaurant, a performance area and a dance floor.
American Bar Association Renews Chicago Lease
A team of brokers from Savills Studley, led by Eric Feinberg and John Goodman, negotiated the lease expansion on behalf of the organization. The agreement includes tenant improvement concessions and lower rent expenses.