Midwest

REBusiness Online Electro Freeze has agreed to lease 301,320 square feet of industrial space at the Russell Industrial Park in Davenport, Iowa. The manufacturer of frozen treat machines is taking the space, at 8730 Northwest Blvd., from Russell, which was...

Crain's Chicago Business A venture of Magellan Investment Partners and Intercontinental Real Estate has paid $126 million, or $379,518/unit, for the 332-unit apartment building at 73 East Lake St. in Chicago. Magellan, of Chicago, and Intercontinental, of Boston, acquired the...

REBusiness Online Kaden Cos. has paid $22.4 million, or $179.20/sf, for the 125,000-square-foot Eastland Plaza shopping center in Bloomington, Ind. The Louisville, Ky., company purchased the retail property from a company calling itself Eastland Plaza LLC in a deal brokered...

Crain's Chicago Business Artisan Capital Group has paid $31.4 million, or $157,000/unit, for the 200-unit Arrowhead Apartments in Palatine, Ill., a northwestern suburb of Chicago. The Chicago investor acquired the property from Hispanic Housing Development Corp., which bought it in...

REBusiness Online RJW Logistics Group has renewed its lease for the entire 512,265-square-foot industrial building at 14908 South Gougar Road in Lockport, Ill., a southwestern suburb of Chicago. The retail logistics provider originally agreed to occupy the building in 2016....

Crain's Chicago Business An affiliate of AmTrust RE has handed over the 900,000-square-foot office property at 33 West Monroe St. in Chicago to its lender through a deed-in-lieu of foreclosure. The lender, Kohan Retail Investment Group, bought the $60 million...

Crain's Chicago Business Ante has paid $21 million, or $375,000/unit, for the 56-unit Harmony Apartments in Chicago. The company is the family office of Giannis Antetokounmpo, who is a member of the Milwaukee Bucks professional basketball team. It acquired the...

Minneapolis/St. Paul Business Journal Greystar Worldwide has paid $53 million, or $200,757/unit, for the 264-unit Arbor Glen apartments in Maple Grove, Minn., a northwestern suburb of Minneapolis. The Charleston, S.C., real estate giant acquired the property, at 9325 Garland Ave.,...

Bisnow Blackstone is considering selling Willis Tower, a 3.79 million-square-foot office property in Chicago. The New York investment manager has reportedly had conversions with a group of investors that are willing to assume the property's $1.33 billion of CMBS debt....

Crain's Chicago Business Sterling Bay is offering for sale the 197,433-square-foot office property at 345 North Morgan St. in Chicago. The local developer has tapped JLL to market the property, which was developed in 2022. The 11-story building is encumbered...