Midwest
Newport Nabs Chicago Retail Portfolio for $39M
The two assets are Lincoln Village Shopping Center in Peterson Park and Kedzie Plaza in Brighton Park. Their acquisition adds 214,000 square feet of retail space to the company’s portfolio.
BOMA Announces New Officers
Appointments were made in the form of a new chair & elected officer, secretary & treasurer, chair-elect and vice chair.
Indianapolis: Full Speed Ahead
Demand for apartments continues to be strong, thanks to the locale’s relative affordability. The city’s high-quality education system and skilled workforce attract residents and employers, propelling economic growth.
Nidec Shimpo Sells Itasca HQ
NAI Hiffman represented the company, a supplier of drive technology and gearing solutions, in the sale of its 24,428-square-foot building located in Itasca, Ill.
Quantum Closes on Illinois Retail Deal
The 5,000-square-foot property is located in Skokie, Ill., and is fully leased to ATI Physical Therapy and I Love Kickboxing.
Friedman Secures Buyer for Detroit Office Building
The five-story, multi-tenant property is located in Detroit’s downtown area and offers 85,539 square feet of office and retail space.
Marcus & Millichap to Market Net-Lease Portfolio
The group of 17 properties encompasses 200,000 square feet of retail space and carries a price tag of $77.3 million.
New 7MW Solar Farm to Serve Dillon County
The solar development is anticipated to provide power to 1,500 homes and is slated to begin commercial operation by the fourth quarter of 2017.
BMG to Consolidate Operations on Music Row
The music company will relocate from two existing Nashville offices to a planned office building that will rise on the site of the Country Music Association’s former headquarters.
Colliers International Secures 102 KSF Indianapolis Asset
The four and six buildings of the Corporate Center North feature a total of 101,727 square feet, leased 75 percent to Stericycle. The acquisition marks Tower Investments’ sixth purchase in Central Indiana.