Midwest
Arch Street, Brennan Acquire MN Industrial Facility
The acquisition is part of a $300 million joint venture with Brennan Investment Group, focusing on acquiring and aggregating single-tenant, long-term, net-leased, mission critical industrial assets.
Chicago Office Park Changes Hands for $75M
HFF represented Principal Real Estate Investors in the sale of the five-building property in Lincolnshire, Ill., while Bradford Allen Investment Advisors handled the deal on behalf of the buyer.
CBRE Arranges Chicago Lease for Property Law Firm
Green Griffith & Borg-Breen relocated from 455 N. Cityfront Plaza Drive to one of the highest floors of an office tower on Michigan Avenue.
Skanska Pitches In for $93M Cincinnati School Project
The project includes two new replacement schools, a 204,000-square-foot elementary school and a 236,000-square-foot middle and high school, both seeking a minimum LEED Silver certification.
Avison Young Brokers 500 KSF Chicago Industrial Deal
The portfolio consists of three buildings totaling 538,236 square feet of distribution space. They are located within the O’Hare submarket and are fully leased to Clear Lam and D&W Fine Park.
Western Specialty Names New Manager at Chicago Branch
Kevin Rogers will serve as manager of the Facades division. He will be responsible for managing operations and personnel as well as developing façade restoration projects in the Chicago metropolitan area.
T5 Begins Next Phase of Chicago Facility
The data center owner and operator will add two megawatts to T5@Chicago. The site is primed for a future 170,000-square-foot, 16mW expansion.
Next Steps for Health Care
As patients’ needs change and technology advances, health-care developments are adapting. Mainstreet Group’s Zeke Turner considers how the health-care real estate sector is shifting—and attracting investors along the way.
Construction Begins at New Henry Ford Detroit Pistons Performance Center
Slated to open in the summer of 2019, the campus is expected to incorporate a sports medicine, treatment and rehabilitation facility; an office component; and public spaces for community events.
Friedman Integrated to Manage Historic Ford Building
The office tower is Detroit’s second oldest skyscraper. The building changed ownership twice this year, according to public records.