Traded: Chicago (2025)

12/12/2025

SALE
IMAGE: Kurt Sarbaugh, John Huguenard & Sean Devaney
DATE: 12/11/2025
ADDRESS: 5959 West Howard Street
MARKET: Niles
ASSET TYPE: Industrial ~ SF: 314,000~ ACRES: 37

BUYER: Centaur Capital Partners & Talos Capital
SELLER: Niles Property Holding Company LLC
BROKERS: Kurt Sarbaugh, Sean Devaney & John Huguenard (.Huguenard) - JLL

SALE PRICE: $72,200,000
SF: 314,028 ~ PPSF: $230

NOTE: Centaur Capital Partners and Talos Capital acquired a 314,000-sf FedEx Ground–occupied distribution center in Niles, with JLL’s Kurt Sarbaugh, Sean Devaney and John Huguenard representing the seller. The 37-acre, 2015-built facility includes 292,000 sf of warehouse space, extensive trailer parking and a fully automated sorting system, with FedEx holding five years remaining on its lease.

12/12/2025

SALE
IMAGE: Austin Weisenbeck & Sean Sharko
DATE: 12/11/2025
ADDRESS: 11229 West 143rd Street
MARKET: Orland Park
ASSET TYPE: Retail

BROKERS: Austin Weisenbeck & Sean Sharko () - Marcus & Millichap ()

SALE PRICE: $2,050,000
SF: 15,886 ~ PPSF: $129

NOTE: Marcus & Millichap brokered the $2.05 million sale of a 15,886-square-foot retail strip in Orland Park, Illinois, anchored by Rocco Vino’s Italian Restaurant and offering significant lease-up potential. The property, 48% vacant and listed by Austin Weisenbeck and Sean Sharko, was sold to a private out-of-state 1031 exchange buyer.

11/12/2025

SALE
IMAGE: Jeremy Morton, Harrison Pinkus, Denise Reyes & Steven Rapoport
DATE: 12/11/2025
ADDRESS: 10-12 West Chestnut Street & 1754-1756 West 21st Place
MARKET: Chicago
ASSET TYPE: Multifamily

BUYER'S REP: Jeremy Morton () - Interra Realty; Denise Reyes - Homesmart Connect ()
SELLER'S REP: Steven Rapoport () - CRER (Chicago Real Estate Resources) (); Harrison Pinkus () - Interra Realty ()

SALE PRICE: $6,525,000
UNITS: 20 ~ PPU: $326,250

NOTE: Interra Realty brokered two Chicago multifamily sales: an eight-unit Gold Coast building at 10-12 W. Chestnut St. for $3.425M, with Jeremy Morton representing the buyer and Steven Rapoport representing the seller, and a 12-unit Pilsen portfolio at 1754-1756 W. 21st Place for $3.1M, with Morton and Harrison Pinkus representing the seller and Denise Reyes representing the buyer. Both deals involved fully occupied, vintage buildings.

11/12/2025

LEASE
IMAGE: Patrick Duffy, Corey Black, Craig Wolf & Baron Waller
DATE: 12/10/2025
ADDRESS: 1212 South Michigan Avenue
MARKET: Chicago
ASSET TYPE: Retail ~ SF: 5,600

LANDLORD: Horizon Realty Group
TENANT: Baron Waller - Culver's
LANDLORD'S REP: Craig Wolf & Patrick Duffy - Strauss Realty ()
TENANT'S REP: Corey Black - Kirsch Agency

LEASE TERM: 15-year

NOTE: Baron Waller signed a 15-year lease for a 5,600-SF Culver’s at 1212 S. Michigan Ave. in Chicago’s South Loop, set to open in summer 2026 with up to 80 employees. Craig Wolf and Patrick Duffy represented the landlord, Horizon Realty Group, while Corey Black represented Waller, whose new location will be the largest of his 11 Culver’s restaurants and near key landmarks like Soldier Field and The 78 development.

11/12/2025

SALE
IMAGE: Spero Adamis
DATE: 12/09/2025
ADDRESS: 17 North Hillside Avenue
MARKET: Hillside
ASSET TYPE: Multifamily

BROKER: Spero Adamis () - SVN | Chicago Commercial ()

SALE PRICE: $1,260,000
UNITS: 11 ~ PPU: $114,545
SF: 7,975 ~ PPSF: $158

NOTE: SVN Chicago Commercial sold an 11-unit, 7,975-SF garden-style multifamily building at 17 N. Hillside Ave in Hillside, IL, for $1.26M. Spero Adamis represented the seller, highlighting the property’s one-bedroom units, updated kitchens, on-site laundry, and convenient location near Triton College, Concordia University-Chicago, and the expressway.

11/12/2025

SALE
IMAGE: Eric Silverman, Matthew Rosenthal, Alex Rodriguez, Brett Hood & Kurt Bender
DATE: 12/11/2025
ADDRESS: 1550 West Dempster Street
MARKET: Mount Prospect
ASSET TYPE: Multifamily

BUYER: Kurt Bender - Bender Cos; Eric Silverman & Matthew Rosenthal (.Matt) - Eastham Capital
SELLER: Alex Rodriguez () & Ramon Corona - Monument Capital Management

MORTGAGE BROKER: Brett Hood - NorthMarq ()

SALE PRICE: $75,300,000
UNITS: 509 ~ PPU: $147,937

NOTE: A joint venture of Bender Cos. and Eastham Capital bought the 509-unit Element apartments in Mount Prospect for $75.3M, up from the $68M Monument Capital Management paid in 2017. The acquisition, financed with a $60.8M Fannie Mae loan, reflects steady suburban rental demand and continued investor appetite for Chicago-area workforce housing.

10/12/2025

SALE
IMAGE: David Wiegratz, Sam Maguire, Dominic Sergi, Mitch Kall, Agustin Barrios Gomez & Christopher Santana
DATE: 12/09/2025
ADDRESS: 2890 Centre Pointe Drive
MARKET: Roseville, MN
ASSET TYPE: Office ~ ACRES: 6.88

BUYER: Dominic Sergi - Clear Height Properties; Agustin Barrios Gomez - ICP Funds
SELLER: SV Development
BUYER'S REP: Sam Maguire, Mitch Kall & David Wiegratz - Modern Commercial Real Estate
SELLER'S REP: Christopher Santana - ISA Commercial Real Estate

SALE PRICE: $13,750,000
SF: 101,850 ~ PPSF: $135

10/12/2025

SALE
IMAGE: Larry Heard
DATE: 12/10/2025
ADDRESS: 4101 Canterfield Pkwy East
MARKET: West Dundee
ASSET TYPE: Industrial

BUYER: JFC International
SELLER: Larry Heard - Transwestern Development Co. ()

SALE PRICE: $33,500,000
SF: 255,000 ~ PPSF: $131

NOTE: Transwestern Development Company sold its newly built 255,000-square-foot TDC I-90 Logistics Center in West Dundee to JFC International for $33.5M ($131/SF), after acquiring the land for $2M in 2022 and securing a $21M construction loan from Comerica Bank. The deal comes as Chicago’s industrial market shows renewed strength, with speculative development surpassing build-to-suit activity and the region posting 1M SF of net absorption alongside steady 5.5%–6.5% vacancy.

10/12/2025

SALE
IMAGE: Jeffrey C. Hines, John Tomlinson, Laura Hines-Pierce, Christopher Conlon & Will Renner
DATE: 12/10/2025
ADDRESS: 14390 Clay Terrace Boulevard
MARKET: Carmel, IN
ASSET TYPE: Retail

BUYER: Jeffrey C. Hines, Laura Hines-Pierce (), John Tomlinson & Will Renner - Hines ()
SELLER: Christopher Conlon - Washington Prime Group ()

SALE PRICE: $199,000,000
SF: 493,000 ~ PPSF: $404

NOTE: Hines Global Income Trust bought the 493,000-SF Clay Terrace retail center in Carmel, IN, for about $199M from Washington Prime Group, with the property 95% leased and anchored by Whole Foods and Dick’s Sporting Goods. The deal lands as Indianapolis retail investment volume slumps to $76M year-to-date—down sharply from $167M last year—as buyers shift toward lower-value assets.

10/12/2025

LOAN
IMAGE: Anthony Longo
DATE: 11/14/2025
ADDRESS: 1655 South Oakdale Drive
MARKET: Bloomington, IN
ASSET TYPE: Student Housing

LENDER: Barclays ()
BROKER: Anthony Longo () - Alpha Capital

LOAN AMOUNT: $19,450,000
LOAN TYPE: Acquisition
LOAN TERMS: 5 Years

10/12/2025

SALE
IMAGE: Brian Murray & Michael F. Mahoney
DATE: 12/08/2025
ADDRESS: 1 Boston Scientific Way
MARKET: Maple Grove, MN
ASSET TYPE: Office

BUYER: Michael F. Mahoney - Boston Scientific
SELLER: Brian Murray - Ryan Companies US Inc. ()

SALE PRICE: $188,800,000
SF: 400,000 ~ PPSF: $472

NOTE: Boston Scientific purchased its newly opened 400,000 SF facility at 1 Boston Scientific Way in Maple Grove for $188.8M, acquiring the property from Ryan Cos. US Inc. where it was previously a tenant. The $472/SF sale ranks among the largest and priciest commercial real estate deals in Minnesota this year, surpassing most recent office transactions.

09/12/2025

LOAN
IMAGE: Nathaniel Hagedorn
DATE: 12/09/2025
ADDRESS: 2924 East 126th Street, 12525 South Carondolet Avenue, 12519 South Burley Avenue & 3400 East 126th Street
MARKET: Chicago
ASSET TYPE: Industrial ~ SF: 1,600,000

LENDER: New York Life Insurance Co. ()
LANDLORD: Nathaniel Hagedorn - NorthPoint Development

LOAN AMOUNT: $82,600,000

NOTE: NorthPoint Development secured an $82.6M loan from New York Life Insurance Co. backed by a 1.6M SF, four-property industrial portfolio in South Chicago, originally purchased from Greenfield Partners in 2017. The assets, leased to tenants including Ford and Flex-N-Gate, feature high clear heights, ample dock and trailer access, and strategic proximity to interstates, airports, and the Calumet industrial corridor.

Traded: Chicago

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