OMAHA, NEB. — Medical Solutions has signed a 49,983-square-foot office lease renewal at Westroads Business Park in Omaha. As part of the renewal, Medical Solutions expanded its office space, located at 1010 N. 102nd Court, by 8,902 square feet. Steven Edlefsen and Johnny Dorn of Cresa represented the national healthcare staffing provider in the lease transaction. Dale Scott of CBRE-Mega represented the landlord, Westplex Limited Partnership IV.
TINLEY PARK, ILL. — WoodSpring Hotels has partnered with Holladay Properties to develop its third hotel in the Chicago market. The four-story, 123-room hotel will be located in Tinley Park, near the intersection of I-80 and Harlem Avenue. The extended-stay hotel will feature in-room kitchens, high-speed Internet, guest laundry and a fitness room. Completion is slated for February 2018. Holladay Properties currently owns and operates two WoodSpring Suites hotels in Romeoville and Darien, Illinois.
CHICAGO — Newmark Knight Frank (NKF) has brokered the sale of an eight-building industrial portfolio totaling 314,567 square feet in suburban Chicago. The sales price was not disclosed. The properties average 40,000 square feet in size and are located in the western suburbs of Glendale Heights, Elgin, Bartlett, West Chicago and Sugar Grove. Built for light manufacturing, office and warehouse space, the facilities are 100 percent occupied. Adam Marshall of NKF represented the seller, PJT Marly LLC and its manager, Berkowitz Enterprises Inc. Toronto-based Agellan Commercial Real Estate Investment Trust purchased the portfolio.
MILWAUKEE — American Street Capital (ASC) has arranged a $3.9 million loan for the refinancing of a 112-unit multifamily property in Milwaukee. Located in the Timmerman West neighborhood, the property consists of seven two-story buildings with a retail component. Amenities include a pool, running paths, underground parking, laundry facilities and on-site property management. The complex was built in 1984. Igor Zhizhin of ASC arranged the non-recourse loan through a Fannie Mae DUS lender.
EDWARDSVILLE, ILL. — HDA Architects has been selected by Panattoni Development to design Lakeview Commerce Center 5, a 768,678-square-foot industrial building in Edwardsville near St. Louis. The speculative distribution center will be located in Lakeview Commerce Center and accommodate four tenants. The building will feature two-story office space at each corner. Some of the design components include a two-tone paint scheme and accent lighting. Construction is slated to begin later this summer. HDA Architects previously designed Lakeview Commerce Center 4, which consists of 769,500 square feet and is occupied by Amazon.
COLUMBUS, OHIO — Birchwood Foods has signed a 52,800-square-foot industrial lease in Columbus. The Kenosha, Wisconsin-based meat supplier will occupy the entire building located at 1709-1763 Dividend Drive for its Columbus warehouse and distribution operations. The company also owns the production facility adjacent to this property. Ray Boll and Jeff Boll of Rj BOLL Realty arranged the lease on behalf of Birchwood Foods. Matt Osowski and Curt Berlin of NAI Ohio Equities represented the landlord, Meritex Properties.
MOUNT PROSPECT, ILL. — Marcus & Millichap has negotiated the sale of Rand Park Apartments in Mount Prospect, about 22 miles northwest of Chicago. The sales price was not disclosed. The 42-unit apartment building is located at 1050-1110 N. Wheeling Road. The unit mix is comprised of 18 one-bedroom units and 24 two-bedroom units measuring approximately 650 and 850 square feet, respectively. Ryan D. Engle and Andrean Angelov of Marcus & Millichap marketed the property on behalf of the seller, a private investor. The team also procured the buyer, a limited liability company.
MILWAUKEE — CBRE Capital Markets has arranged the sale of Manpower’s headquarters in Milwaukee for $66.5 million. The 280,000-square-foot office building is located at 100 Manpower Place. The Class A property is fully net leased through August 2031 to Manpower Group Inc., a human resources consulting firm. Guy Ponticiello, Paul Lundstedt, Bill Bonifas and Maury Vanden Eykel of CBRE represented the seller, Riverbend Place. Bentall Kennedy purchased the building in partnership with Warba Bank.
BATTLE CREEK, LAKE ORION AND WASHINGTON, MICH. — Marcus & Millichap has brokered the sale of three medical office buildings in Michigan for nearly $30 million. Brookside Medical Center, totaling 46,194 square feet, is located in Battle Creek, about 25 miles east of Kalamazoo. Brookside Surgery Center anchors the building. Bald Mountain Medical Complex, totaling 55,591 square feet, is located in Lake Orion, about 40 miles north of Detroit. St. Joseph Mercy Hospital, a wholly owned subsidiary of Trinity Health, anchors the building. The 37,425-square-foot Orchard View Medical Complex is located in Washington, about 35 miles north of Detroit. Henry Ford Health System, which offers urgent care, orthopedic/family medicine services, on-site pharmacy and oral surgery services, has anchored the building since construction was completed in 2008. Seth Haron and Ashish Vakhariya of Marcus & Millichap marketed the three properties for sale on behalf of the various sellers.
OMAHA, NEB. — Capital One has arranged a $14.6 million Fannie Mae loan for the acquisition of Maplewood Estates in Omaha. The 397-unit manufactured housing community was built in 1973. The 10-year loan features a 30-year amortization schedule. Damon Reed of Capital One arranged the loan. The purchase was part of a 1031 exchange. Capital One also provided financing for the acquisition of Country Acres Village, a manufactured housing community in Kalamazoo, Michigan.
