ORLAND PARK, ILL. — Premier Veterinary Group will open a 10,000-square-foot animal hospital at 7000 W. 159th St. in the Chicago suburb of Orland Park. The company is relocating from Crestwood, Ill. Iris Construction Services is the general contractor for the project. Completion is slated for August. Linda Kost and Dave Schmidt of Realty Metrix Commercial represented the tenant in the lease transaction.
WOODBRIDGE, ST. CHARLES AND CRYSTAL LAKE, ILL. — Michael P. Jakubiec Investment Real Estate Inc. has brokered the sale of three apartment properties in Illinois for a purchase price of just under $26 million. The properties, which total 263 units, include The Quarters in Woodbridge, Charleston Park Apartments in St. Charles and Camelot Apartments in Crystal Lake. TriCap Residential was the buyer. A private party was the seller.
ADDISON, ILL. — Arjo Inc. has signed a 62,000-square-foot office lease renewal for its North American headquarters in Addison, about 20 miles west of Chicago. The medical technology company is expanding by 18,000 square feet to occupy the entire second floor at Meadows Corporate Center I. Dave Burden of Colliers International negotiated the lease transaction on behalf of Arjo. Over the past 10 years, Arjo has grown steadily from 31,000 square feet to become the largest tenant in the building today, according to Colliers.
AURORA, ILL. — MidCap Financial has provided an $18 million senior loan for the acquisition and refinancing of a 362,000-square-foot retail center in Aurora. Chicago-based Windfall Group was the borrower. Best Buy, Value City Furniture and Pier 1 Imports anchor the center, which is located north of Fox Valley Mall. Windfall plans to rename the center Pacific Square and remodel it with new restaurants and shops. Jessica Ke of Cushman & Wakefield and John Leslie of Eastern Consolidated arranged the loan.
GLEN ELLYN, ILL. — Adelphia Properties has negotiated the $2.9 million sale of a two-tenant retail building in Glen Ellyn, about 24 miles west of Chicago. Mattress Firm and F45 Fitness occupy the 7,006-square-foot property. Simeon Spirrison and George Spirrison represented the seller, a local developer, in the transaction. A local investor purchased the asset for 98 percent of the list price.
EDWARDSVILLE, ILL. — Contegra Construction Co. has broken ground on a 486-bed student housing property to serve Southern Illinois University-Edwardsville (SIUE). Richland Residential is developing the project, known as The Reserve. The property will comprise nine buildings with two-, three- and four-bedroom units. Amenities will include a workout room, study area, gaming room and a pool. Completion is slated for summer 2019.
CARPENTERSVILLE, ILL. — Realty Metrix Commercial has brokered the $6.8 million sale of Spring Hill Market Place in Carpentersville, 40 miles northwest of Chicago. Built in 1990, the 95,259-square-foot retail center is located on Route 31. New tenants at the property include MAACO Collision Repair & Auto Painting, Artistry in Dance and Tyke Play Kids Gym. Other tenants include Big Lots, Southern Belle Pancake House, AutoZone, Firestone, The UPS Store, Sherwin Williams, Fifth Third Bank, Sewing Concepts, Gyradiko’s Restaurant and Salon Anovin. Dave Schmidt and Linda Kost of Realty Metrix represented the buyer, Troy Business Inc. The seller was not disclosed.
CHICAGO — Euromonitor International LLC has signed a 36,023-square-foot office lease at 1 N. Dearborn St. in Chicago. The independent provider of strategic market research will move its North American headquarters from 224 S. Michigan Ave. in October of this year. Euromonitor will occupy the 17th floor of the Central Loop office tower, which is owned by Beacon Properties. Tony Karmin and Corby Marx of Colliers International represented the tenant in the lease transaction. Jack O’Brien and Caroline Colnon of Telos Group represented Beacon Properties.
CHICAGO — Bluemercury, a luxury beauty retailer, has signed a lease to open an 1,800-square-foot store at 900 West in Chicago’s Fulton Market district. The store is expected to open this summer. Tucker Development Corp. completed 900 West last year. The project included the renovation of 10 historic buildings along West Randolph Street. Together, the buildings comprise 45,000 square feet of street-level retail space and 45,000 square feet of upper-level office space. Bluemercury joins lululemon athletica and Bonci Pizza, both of which opened last year.
BURR RIDGE, ILL. — Marcus & Millichap has arranged the $1.9 million sale of a nearly 8-acre land site at 11680 German Church Road in Burr Ridge, a southwestern suburb of Chicago. The sale equates to $237,500 per acre. The parcel, declared surplus property by the City of Burr Ridge, is located about two miles east of Interstate 55. Richard Kozarits of Marcus & Millichap represented the buyer, a private investor.