CRE Transactions in the Midwest (Week of November 9)

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Midwest commercial real estate deals are coming in at a steady pace, and this past week has been no exception. Check out our selection of the most recent office, industrial and retail transactions across Chicago, Omaha, Neb., Ohio, Indianapolis, Kansas City, Minneapolis-St. Paul, St. Louis and other markets in the region.

Illinois

A GFH Partners-managed investment vehicle has sold a 10-property industrial outdoor storage portfolio for $113 million. The portfolio comprises eight properties in the Chicago market, one in Lenexa, Kan., and one in Wilmer, Texas.

Ann Arbor

An institutional buyer has purchased Brookhaven Manor, a 134-bed independent living senior housing property in Ann Arbor, Mich., for $26 million. Marcus & Millichap advised the seller and procured the buyer. The 6.7-acre property dates to 1988, with renovations in 2015.

Chicago

Benchmark Developers has sold FourNorth Apartments to a private investor for $25 million. The 76-unit multifamily community at 4 N. Hickory Road in Arlington Heights, Ill., is 95 percent occupied. JLL represented the seller.

TruCore Industrial has acquired a 31,870-square-foot industrial facility at 2210 Oak Leaf St. in Joliet, Ill., leased to Brock Industrial Services. Cawley Partners advised the buyer, while Core Industrial Realty assisted the seller.

A private entity has sold a 79,540-square-foot industrial facility at 3615 Exchange Ave. in Aurora, Ill., to a national food company. Newmark represented the buyer, which plans to use the Meridian Business Park property for warehousing, storage and distribution.

Prime Finance and Hines have purchased the approximately 651,000-square-foot office tower at 225 W. Wacker Drive in Chicago from Spear Street Capital for $115 million. Cushman & Wakefield brokered the sale and advised Prime Finance on acquisition financing.

Logistics Property Co. has acquired 74 acres at 23960 S. Houbolt Road in Joliet, Ill., for a nearly 1.3 million-square-foot industrial facility. Cushman & Wakefield handled the acquisition, the company’s fourth Chicago-area site purchase within a year. Delivery is expected in 2028.

Cincinnati

An East Coast-based private investment group has sold Springdale Town Center, a 43,071-square-foot mixed-use property with medical and retail tenants in Cincinnati, to a private New York group for $7.1 million. Cooper Commercial Investment Group represented the seller.

Columbus

Link Logistics has purchased Canal Pointe Industrial Park from Molto Properties. The two industrial buildings total 825,322 square feet at 7585-7717 Robinett Way and 7607-7697 Robinett Way in Canal Winchester, Ohio. JLL advised the seller. The portfolio is fully leased.

Tenby Partners has sold two fully leased industrial properties totaling 404,088 square feet to a private investor in separate transactions. The assets are at 10013 Busey Road in Canal Winchester and 161 Kenmore Blvd. in Commercial Point, Ohio. Colliers represented the seller.

Indianapolis

A Northeast-based buyer has purchased Indy Town Apartments, a four-property, 412-unit multifamily portfolio in Indianapolis, for $25.8 million. Marcus & Millichap advised the seller. The portfolio comprises Arlington Green, Glen Ridge, Frederick Square and Greenway, all on the city’s Eastside.

Lawrence

Redstone Residential has sold Orchard Corners & Suites, a 139-unit, 264-bed student housing property in Lawrence, Kan., serving the University of Kansas. Berkadia represented the seller.

Minneapolis-St. Paul

Roundhouse has purchased 270 Hennepin, a 346-unit multifamily community in Minneapolis, from a partnership of Diamond Realty Investments and Harlem Irving Cos. JLL brokered the sale and secured a seven-year acquisition loan through Freddie Mac. The transaction ranks among the Twin Cities’ largest multifamily trades in more than two years.

Omaha

Eastham Capital Fund VII LP and Bender Cos. have acquired Village at Grant Square Apartments, a 204-unit multifamily community at 7349 Grant St. in Omaha, Neb. The property is 93 percent occupied. This is the fund’s sixth acquisition and the partners’ 16th co-investment.

St. Louis

The city of O’Fallon, Mo., has sold its 37,002-square-foot industrial property at 1001-1051 Industry Drive to Earthworks Inc. for $4.4 million. Cushman & Wakefield represented the seller, while Avison Young advised the buyer.

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NOTE: Articles in this series are shaped using AI-assisted workflows and reviewed by newsroom editors prior to publishing.