Midwest
Pharma Manufacturer to Inject $145M in Columbus Plants
PharmaForce will add approximately 140,000 square feet to its New Albany plant. The company will remodel and add 1,800 square feet to another facility in Hilliard.
Chicago MOB Breaks Ground
The Sanders Trust recently broke ground on a 30,000-square-foot medical office building in Glenview, Ill. The asset will be fully leased by the Fertility Centers of Illinois.
NKF Brokers Long-Term Lease for Stag Industrial
Palmer-Donavin Manufacturing Co. will occupy 230,805 square feet at Stag Industrial’s facility in North Jackson, Ohio, by the end of the year.
EDF to Aid Google With Wind Farm
Glaciers Edge Wind Project will be located in Cherokee County and is expected to create more than 150 construction jobs during the development process.
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.