Midwest
Climate-Controlled Self-Storage Hits Superior
U-Haul plans to transform a vacant building in Superior, Wis., into a 737-unit self-storage facility. Spaces will be available for rent in late fall.
Xcel Energy Receives Approval for 1,550MW Wind Energy Plan
The seven new wind farms constitute the company’s largest wind expansion in upper Midwest, which will increase its regional wind output by roughly 70 percent.
Boulder Group Brokers Retail Property Sale
The transaction closed at $2.5 million. The 13,122-square-foot asset is located in Niles, Ill., and is fully leased by MobilityWorks, a provider of wheelchair accessible vans.
Premier Design Breaks Ground on Illinois Distribution Facility
The 133,951-square-foot build-to-suit project will serve as the new North American headquarters for OCM Inc. and Okabe Inc., two subsidiaries of the Japanese company Okabe Co. Ltd.
New Homewood Suites by Hilton Opens in Aurora, IL
The 146-key extended-stay hotel is part of the Meridian Business Park. Sun Development and Management owns the asset that offers a combination of studio, one- and two-bedroom accommodations, with separate living areas.
Indianapolis Industrial Portfolio Changes Hands
The two multi-tenant, fully leased assets totaling 480,000 square feet traded with help from Avison Young’s National Industrial Capital Markets Group.
Abandoned Power Plant Turns Into Solar Farm
The abandoned Phipps Bend Nuclear Power Plant is now producing CO2-free electricity thanks to a newly built 1-megawatt solar farm.
ManpowerGroup’s World HQ Commands $67M
The property marks the first LEED certified building in Milwaukee, as well as Bentall Kennedy’s initial single tenant office investment, in partnership with Warba Bank, in the U.S.
BGSU, JLL Carry Forward $200M Master Plan
The long-term initiative comes alive with the opening of a high-tech facility. In line with the academic-focused phase of the project, BGSU will be renovating, constructing, demolishing and upgrading more than a dozen buildings across the campus.
Madison Realty Capital Sells Richmond Plaza
The 155,781-square-foot retail center in Richmond, Mich., sold to Statewide Richmond LLC in an off-market transaction. The property has nearly 39,000 square feet available for lease.