Midwest
$1B Mixed-Use Detroit Redevelopment Breaks Ground
On the site of a former department store, the 1.1 million-square-foot development will feature Detroit’s tallest building, standing at 800 feet.
EquiCap Brokers Sale of IL Self-Storage Facility
The company represented the seller and the buyer, a Chicagoland-based operator, in the transaction. The Minooka, Ill., facility, All American Self Storage, fetched $2.3 million.
Irvine Co. Welcomes Ziegler to Chicago Office Tower
The investment firm plans to occupy the entire 20th floor at One N. Wacker starting mid-2018. The leased space totals 32,000 square feet.
CBRE Arranges $29M IL Retail Sale
The property is a 71,324-square-foot Mariano’s Fresh Market located in Palatine, Ill. Christian Williams and Michael Kaider represented the seller.
Avison Young Arranges 190 KSF Chicago Industrial Sale
The transaction involved four buildings located in the Chicago O’Hare submarket, which used to be part of investment firm Clear Height Properties’ portfolio.
Top 10 Chicago Office Buyers
Since January, the city has seen several notable transactions despite a rather slow start into the year. Two deals closed at prices surpassing $300 million.
1 MSF Chicago-Area Office Complex Sells for $78M
Partners Long Wharf Capital and Hamilton Partners sold the two-building campus consisting of One Pierce Place and 500 Park Blvd. in Itasca, Ill., to a joint venture involving Balfour Pacific Real Estate Fund IV and Hamilton Partners.
HSA Commercial Plans New Development in Suburban Indianapolis
The company purchased a 19-acre parcel near the Indianapolis International Airport, where it plans to develop a new 262,758-square-foot warehouse.
Friedman Arranges MI Office Lease
The company represented the tenant, Somerset Pain Clinic, in closing a leasing agreement for 8,230 square feet at City Center in Troy, Mich.
Hines to Oversee Conagra Brands Campus Redevelopment
Hines, along with Bear Properties, were tapped to redevelop part of Canagra’s Nebraska campus. Four buildings and the corresponding parking lots are not included in the project.