DAYTON, MINN. — Spears Manufacturing has signed a 142,000-square-foot industrial lease at the Dayton Distribution Center in Dayton, about 30 miles north of Minneapolis. Spears, a manufacturer of plastic pipefittings and valves, will occupy the space beginning in February. The facility will serve as a new regional distribution center for Spears. Dayton Distribution Center is a new, 247,000-square-foot speculative facility developed by Liberty Property Trust. John Ryden and Jim Bolt of CBRE..
CHICAGO — Eugenie Terrace Associates LLC has received a $125 million loan for the refinancing of Eugenie Terrace in Chicago. The 44-story tower includes 575 luxury apartment units. The building is located at 1730 N. Clark St. in Chicago’s Lincoln Park neighborhood. An international life insurance company provided the 10-year, fixed-rate loan. The building was originally constructed in 1988 and previously financed in 2007. Matthew Schoenfeldt and Mike Kavanau of HFF secured the loan and..
BURR RIDGE, ILL. — NAI Hiffman has arranged the sale of a 101,282-square-foot industrial building in Burr Ridge, about 20 miles southwest of Chicago. The building is located at 160 Tower Drive. Accurate Partitions Corp., a manufacturer of high-performance bathroom partitions, acquired the building from a private seller after outgrowing its current space in McCook, Ill. Accurate Partitions plans to refurbish the existing 16,800 square feet of office space to accommodate the company’s growth...
NASHVILLE, IND. — Huff, Niehaus & Associates Inc. has brokered the sale of the Comfort Inn in Nashville, approximately 18 miles east of Bloomington, for $2.5 million. The 55-room hotel will be converted into a Quality Inn & Suites. The conversion is expected to be complete in April. Brandt Niehaus of Huff, Niehaus & Associates represented the undisclosed seller. NEER 2 LLC was the buyer.
BUFFALO GROVE, ILL. — Computer Aided Technology LLC (CATI) has renewed and expanded its lease to 14,000 square feet at the company’s headquarters in Buffalo Grove. This is CATI’s third expansion in the complex located at 165 N. Arlington Heights Road. The product development company previously occupied 9,040 square feet. CATI expects to begin occupying the additional space in May. Jake Ehrenberg and Scott Brandwein of CBRE represented the tenant. Mike Rolfs of Hamilton Partners..
NAPERVILLE, ILL. — Retail Properties of America Inc. (RPAI) has acquired Main Street Promenade in Naperville for $88 million. The 182,000-square-foot mixed-use property includes 103,000 square feet of retail space and 79,000 square feet of office space. The property is currently 93 percent occupied by tenants such as Anthropologie, Ann Taylor, Sur la Table and White House Black Market. The acquisition also includes a vacant parcel that can be developed into 62,000 square feet of mixed-use..
ROLLA, MO. — McCarthy Building Cos. Inc. has completed construction of the Delbert Day Cancer Institute at Phelps County Regional Medical Center in Rolla in central Missouri. The 37,000-square-foot cancer care facility occupies the first two levels of the new, four-story, 100,470-square-foot building constructed by McCarthy. Located at the north side of the main hospital campus, the $31.3 million building is connected to an adjacent medical office building via a pedestrian bridge.The new..
MUNDELEIN, ILL. — Evergreen Real Estate Group has begun pre-leasing at Fairhaven Crossing, an affordable housing community in Mundelein, about 35 miles northwest of Chicago. The $13.5 million project is part of a larger initiative to turn downtown Mundelein into a walkable mixed-use district. Located at 407 E. Hawley St., the transit-oriented development consists of 40 units. The site was previously home to an industrial building that was converted into the three-story residential building...
LEAWOOD, KAN. — Block & Co. Inc. Realtors has arranged the sale of two acres in the Village of Seville shopping center in Leawood near Overland Park. The shopping center is located at West 133rd Street and State Line Road. An undisclosed buyer purchased the land to build a new 16,400-square-foot medical facility. David M. Block and Phil Peck of Block & Co. negotiated the transaction on behalf of the property owners. Cary Fox and Bill Shakelford of AREA Real Estate Advisors represented..
MEQUON, WIS. — Altapure has signed a 3,300-square-foot industrial lease in Mequon, about 20 miles northwest of Milwaukee. Altapure will occupy Suite K in the 30,300-square-foot building located at 6040 W. Executive Drive. Based in South Bend, Ind., Altapure manufactures disinfection products. Steve Sewart of Colliers International represented the tenant in the transaction.