Indiana

Mid-America Real Estate Corp. Brokers $54M Sale of Shopping Center in Lafayette, Ind.

by Danielle Everson February 12, 2015

LAFAYETTE, IND. — Mid-America Real Estate Corp. has brokered the sale of a 348,531-square-foot shopping center in Lafayette. A real estate investment trust sponsored and managed by Phoenix-based Cole Capital purchased the property for $54 million. Lafayette Pavilions Shopping Center is located at the southwest corner of State Road 26 and Creasy Lane. Gordmans, Hobby Lobby, Gander Mountain and TJ Maxx anchor the shopping center. Rick Drogosz and Ben Wineman of Mid-America, in cooperation with Mid-America Real Estate – Indiana LLC, were the exclusive brokers in the transaction on behalf of the seller, Dallas-based Invesco Real Estate.

February 12, 2015

Indiana Midwest Retail

Nadmar Realty Group Sells 190,000 SF Shopping Center in Huntington, Ind.

by Danielle Everson February 5, 2015

FORT WAYNE, IND. — Nadmar Realty Group has sold a 190,000-square-foot shopping center in Huntington, 25 miles southwest of Fort Wayne. Huntington Plaza is located at 2000 N. Jefferson St. Tenants at the property include Aaron’s, Hibbett Sports, JC Penney, Dollar General, Big Lots, Peebles and several other national and regional retailers. Joel Gorjian led Namdar in the disposition. A New York-based private investor purchased the property for an undisclosed sales price.

February 5, 2015

Indiana Loans Midwest

Vista Capital Co. Structures $10.9M of Financing for Homewood Suites in Indianapolis

by Danielle Everson February 3, 2015

INDIANAPOLIS — Vista Capital Co. has structured $10.9 million of financing for the Keystone Homewood Suites located in Indianapolis. Vista was able to negotiate non-recourse, fixed-rate financing with pricing below 4.5 percent. The 10-year capital will be used, in part, to fund a large renovation project. The financing was awarded to an affiliate of a European-based investment bank. Homewood Suites is a 116 all-suite, upscale, extended-stay hotel situated on the north side of Indianapolis.

February 3, 2015

Indiana Midwest Retail

M&M Arranges Sale of 9,014 SF Retail Property in Lake Station, Ind.

by Danielle Everson February 2, 2015

LAKE STATION, IND. — Marcus & Millichap has arranged the sale of a 9,014-square-foot net-leased property in Lake Station, approximately 37 miles southeast of Chicago. The Dollar General property is located at 2828 Central Ave. The building is a four-year-old, build-to-suit construction located on more than an acre. The property is located approximately three miles from I-80 and I-94. Tammy Saia of Marcus & Millichap’s Chicago Oak Brook office marketed the property on behalf of the seller, a private investor, and also represented the buyer, an individual/personal trust. Josh Caruana of Marcus & Millichap assisted in closing this transaction.

February 2, 2015

Indiana Loans Midwest

NorthMarq Capital Arranges $2.5M Loan for Fall Creek Harbor in Fishers, Ind.

by Danielle Everson January 29, 2015

FISHERS, IND. — NorthMarq Capital has arranged the $2.5 million refinancing of Fall Creek Harbor, a two-story retail property in Fishers, approximately 16 miles northeast of Indianapolis. The property is located at 11228-11250 Fall Creek Road. Susan Branscome of NorthMarq Capital’s Cincinnati office structured the 10-year loan, which features a 25-year amortization schedule, for the undisclosed borrower. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

January 29, 2015

Indiana Midwest Retail

Cooper Commercial Arranges the $2.9M Sale of Retail Center in Logansport, Ind.

by Danielle Everson January 23, 2015

LOGANSPORT, IND. — The Cooper Commercial Investment Group has arranged the $2.9 million sale of an 18,600-square-foot retail property in Logansport, approximately 30 miles northeast of Lafayette. Cass County Commons is located at the corner of Mall Road and Lexington Road. Wal-Mart shadow anchors the property. Tenants include Buffalo Wild Wings, Maurice’s, Great Clips, Petsense and Arnold’s Jewelry. Dan Cooper of Cooper Commercial’s Cleveland office represented the seller, an Indiana-based private investor. A Connecticut-based private investment group purchased the property.

January 23, 2015

Indiana Midwest

CORFAC International Brokers $4M Sale of 35-Acre Property in Plainfield, Ind.

by Danielle Everson January 22, 2015

PLAINFIELD, IND. — CORFAC International has arranged the $4 million sale of a 35-acre property in Plainfield, a suburb of Indianapolis. Knight Transportation purchased the property located at 3875 Plainfield Road. The fully paved surface was previously used as a remote airport parking lot. Knight plans to use the property as an industrial truck maintenance and dispatch facility and create a new truck driving school on the site. Steven Tick of Podolsky|Circle CORFAC International in Chicago represented Knight Transportation in the sale.

January 22, 2015

Illinois Indiana Michigan Midwest Nebraska Ohio

KeyBank Arranges $334.4M Loan for National Assisted Living Portfolio

by Danielle Everson January 21, 2015

CHICAGO — KeyBank Real Estate Capital has arranged a $334.4 million Fannie Mae credit facility for Enlivant, a Chicago-based owner and operator of senior care facilities across the United States. The loan was arranged for 54 assisted living properties in 12 states including Iowa, Indiana, Kentucky, Michigan, Nebraska, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Washington and Wisconsin. The new loan structure provides Enlivant with access to growth capital at attractive rates during the 10-year term. Key’s Healthcare Mortgage Banking Team was led by Carolyn Nazdin and Charlie Shoop and worked in conjunction with Fannie Mae to originate and close the loan in less than 60 days.

January 21, 2015

Indiana Midwest Multifamily Seniors Housing

Mainstreet, Trilogy Health Services to Open $14M Transitional Care Facility

by Danielle Everson January 16, 2015

LAFAYETTE, IND. – Mainstreet and Trilogy Health Services will open The Springs at Lafayette, a 66,786-square-foot transitional care (short-stay rehabilitation and therapy) and assisted living facility in Lafayette. The property is located at 2402 S. St. Construction started on The Springs at Lafayette in April 2014 and the property is tentatively scheduled to open by the first week of February. The Springs at Lafayette will include 100 beds and will provide hospitality-oriented care with amenities such as a therapy gym, an outdoor rehabilitation courtyard, a movie theatre, a game room, a spa, an on-site chef and more. The project, which represents a total investment of $14 million in the community, created more than 350 construction jobs and 120 part-time and full-time jobs. Mainstreet is the developer and owner of The Springs at Lafayette and Trilogy will operate the facility.

January 16, 2015

Indiana Midwest Retail

STREAM Capital Partners Arranges $6.9M Sale of Bass Pro Property

by Danielle Everson January 13, 2015

PORTAGE, IND. — STREAM Capital Partners has arranged the $6.9 million sale of a 135,000-square-foot retail building in Portage. The property is located at 6425 Daniel Burnham Drive and is under a long-term lease to Bass Pro Shops. A private owner/developer sold the property to the buyer, a public REIT. Jonathan Wolfe and Jordan Shtulman of STREAM Capital Partners represented the seller. STREAM Capital Partners is a boutique net lease and sale-leaseback advisory group.

January 13, 2015

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