Midwest
KBS Adds SVP to Midwest Team
Daniel Park, formerly a director of acquisitions with Greenlaw Partners, returned to KBS after an absence of several years. He will be responsible for carrying out investment objectives in several cities in the Midwest.
Cypress Equities Expands Property Management Portfolio
The 52-acre, 1.3 million-square-foot Bayshore Town Center is located in a suburb of Milwaukee and features retail, office and residential space.
8-Property OH Self-Storage Portfolio Commands $31M
Marcus & Millichap brokered the sale of an eight-property self-storage portfolio of 3,050 units located in seven cities throughout Ohio.
Plymouth Industrial Sheds $100M on Chicago-Area Assets
The 15-property portfolio comprises a total of three million square feet of Class B warehouse space. The seller is BIGS Holdings, a subsidiary of Goldman Sachs.
CBRE Hotels Scores 9th Deal in the Chicago Area
The transaction included two Fairfield Inn & Suites properties located in Naperville and St. Charles, Ill. Vice Presidents Nate Sahn and John Karver represented the owners.
Macerich Snags $86M for Chicago Office Asset
Located at 500 N. Michigan Ave., the 326,000-square-foot tower features 24 floors and last underwent cosmetic renovations in 2009. The property is situated adjacent to Macerich’s The Shops at North Bridge.
McGrath to Build St. Louis Warehouse for US Paint
The $5 million project will be conducted in two phases and will replace the existing manufacturing facility. The property will comprise a new office space, maintenance shop, quality control lab and more.
Griffin Closes Nashville’s Top 2017 Office Deal
An entity owned by Syed Shamim of Bahrain bought the 530,000-square-foot One Century Place. Transwestern will continue as property manager of the Class A building.
CBRE Names SVPs in Cincinnati
CBRE’s industrial team has been instrumental in transactions encompassing approximately 60 million square feet and valued at over $1 billion.
Millennium Properties Arranges IL Warehouse Transaction
The 30,000-square-foot multi-tenant property is part of a business park located in Wheeling, Ill. It consists of 10 units and is fully leased.