BIRMINGHAM, MICH. — REDICO is leading the redevelopment of the Fred Lavery Porsche dealership in Birmingham, following the completed demolition of the dealership’s former facility at 34350 Woodward Ave. Construction is underway on a new, three-story dealership that is slated to open in 2027. During construction, the Porsche sales and service operations have been temporarily relocated to Fred Lavery’s other dealership, Audi Birmingham at 34602 Woodward Ave. The redevelopment project expands the showroom, service operations and onsite parking. The project also includes the demolition of adjacent structures along Haynes Street, enabling a reconfigured layout. The project team includes Sachse Construction as general contractor and Albert Kahn Associates and LZG as architects. The new development will embody the “Destination Porsche” global design philosophy.
CHICAGO — Interra Realty has brokered the $5.1 million sale of 2156 and 2158 W. 21st St., two multifamily buildings totaling 24 units in Chicago’s Pilsen neighborhood. Jeremy Morton of Interra represented the confidential buyer and seller. The properties, which were fully occupied at the time of sale, were built in 1893 and renovated in 2023.
CLYDE, OHIO — Laurel Real Estate Co., a boutique commercial real estate brokerage and member of Hotel Brokers International, has arranged the sale of the Red Roof Inn hotel in Clyde, a city in northern Ohio. The seller engaged Laurel to manage the disposition as part of a broader portfolio restructuring. A local owner-operator was the buyer. Dan Uhl of Peachtree Group arranged acquisition financing.
GRAND RAPIDS, MICH. — YoChef’s Catering Co. has leased 3,022 square feet at the Chateau Village retail center in Grand Rapids. The space, previously occupied by Pac Brazil Restaurant, will soon become the new home of YoChef’s Kitchen, an expansion of YoChef’s Catering that will introduce a café concept serving breakfast, lunch and dinner. Rod Alderink of NAI Wisinski of West Michigan represented the undisclosed landlord. Founded by Chef Joseff VanHorn, YoChef’s Catering has been serving the West Michigan community since 2009.
MANITOWOC, WIS. — Marcus & Millichap has arranged the $12.3 million sale of Evergreen Townhomes, a 76-unit rental townhome community in Manitowoc. Built in 1999, the property is situated on 2 acres at 4910 Benley Court and totals 91,200 rentable square feet. Dan Bowar of Marcus & Millichap represented the seller, a Florida-based investor, and procured the buyer, a Wisconsin-based investor.
ORLAND PARK, ILL. — McCollom Realty Ltd. has sold El Cameno Plaza in Orland Park after owning it for 38 years. The retail property at 9931-9985 W. 151st St. features a 54-year lease with 7-Eleven, making it one of the longest 7-Eleven tenancies in the world. Five other tenants occupy the center as well. W.R. “Terry” McCollom, president of McCollom Realty, completed the sale.
INDIANAPOLIS — Greenstone Partners has brokered the $4.8 million sale of a 60,000-square-foot shallow-bay industrial property located at 450 S. Kitley Ave. on the east side of Indianapolis. The two-tenant building is fully leased. Jason St. John of Greenstone represented the seller and procured the buyer, which closed the transaction 30 days after execution of the purchase and sale agreement. Both tenants are operating below prevailing market rents, providing a future revenue growth path upon lease rollover, according to Greenstone.
NAPERVILLE, ILL. — Crunch Fitness franchise owner JEM Wellness Brands has selected Fox River Commons for its inaugural location in Naperville, marking its second in the greater Chicago market. The tenant signed a lease with Continental Realty Corp. (CRC) for 32,744 square feet and will occupy the former Bed Bath & Beyond space within the 241,524-square-foot shopping center. Cherene Keenan represented CRC on an internal basis, while Newmark’s Holly Estler, Larry Kling and James Schutter represented the tenant. Crunch Naperville is expected to open this fall.
GREENFIELD, IND. — Colliers has brokered the sale of 70 Connect II, a 554,228-square-foot distribution facility in Greenfield within the Indianapolis Mount Comfort submarket. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Cam Kucic and Korey Ryan of Colliers represented the seller, Lauth Group Inc. Delivered in 2022, the property is fully leased to Yusen Logistics, a global third-party logistics provider and wholly owned subsidiary of Nippon Yusen Kabushiki Kaisha. The facility features a clear height of 36 feet, 60 dock-high doors, four drive-in doors, a 140-foot truck court and trailer and automobile parking. The buyer was Hillwood.
RICHTON PARK, ILL. — Eastham Capital and its operating partner Bender Cos. have acquired Park Towers Apartment Homes in Richton Park for $30.4 million. The 270-unit multifamily community is situated in Cook County. Park Towers is currently 94 percent occupied with average rents of $1,531 per month. The buyers plan to invest over $2.2 million focused on property infrastructure and exterior upgrades. Built in 1974, the property features floor plans ranging from 770 to 910 square feet. Amenities include a fitness center, business center, onsite laundry facilities, a putting green, outdoor games and a playground. To date, Eastham and Bender have co-invested in 13 projects.
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