Midwest
HSA Commercial Secures 55 KSF Lease at Gateway Business Park
The company secured 55,500 square feet lease of the total 151,220 square feet to Kuehne + Nagel. The leasing of Gateway Industrial IV marks HSA Commercial’s fifth and final development in conjunction with Washington Capital Management.
Emerson to Invest $100M in Ohio Facilities
Construction and renovation plans include updating and expanding office and lab space at the company’s Sidney, Ohio, location. Investments will be made over the next four years.
Free Market Ventures JV Acquires Chicago Office Asset
The partnership purchased 6400 Shafer Court, which offers 179,442 square feet of space and is currently 88 percent leased to 15 tenants.
WoodSpring Continues to Grow in Chicagoland
The company’s new project marks its third in the area and will be among 15 total properties to be built with development partner Holladay Properties.
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.