CHICAGO — Snapsheet has signed a 52,000-square-foot office lease at 1 N. Dearborn St. in Chicago. The company provides auto insurance carriers with a virtual claims technology that streamlines the claims process for customers. Snapsheet will be moving from 55 W. Monroe St., where it currently occupies 21,000 square feet. Snapsheet will occupy the new facility starting in January 2018. Brad Serot, Paul Reaumond and Todd Lippman of CBRE represented Snapsheet in the lease transaction. Jack O’Brien and Caroline Colnon of Telos Group represented the landlord, Beacon Capital Partners.
CHICAGO — SVN | Chicago Commercial has arranged the sale of a multifamily portfolio totaling 312 affordable units in Chicago for $26.4 million. The two properties are located at 12141 S. Indiana Ave. and 10010 S. Sayre Ave. Cody Doran and Reid Bennett of SVN represented the sellers, Indian Trails Apartments LP & Ridge Garden Apartments LP. The buyer was not disclosed.
CHICAGO — Avison Young has brokered the sale of a 167,968-square-foot warehouse and distribution facility in Chicago’s New City neighborhood. The property, located at 4330 S. Racine Ave., features 20-foot clear heights and four interior truck docks. Edsal Sandusky, a Tennessee-based storage and container manufacturer, purchased the property. The company currently occupies 125,000 square feet within the building. International Laser Products, a re-manufacturer of laser printer toner cartridges, occupies the remaining 42,968 square feet. John Moysey of Avison Young represented the owner, 4330 South Racine LLC, in the sales transaction. Cushman & Wakefield represented Edsal Sandusky.
FORT WAYNE AND MERRILLVILLE, IND. — Englewood Construction has completed the ground-up construction of three new restaurants: a BJ’s Restaurant and Brewhouse in Fort Wayne, Ind., an Outback Steakhouse in Merrillville, Ind. and an Eddie V’s in Troy, Mich. The 7,525-square-foot BJ’s Restaurant and Brewhouse is located next to Glenbrook Square Mall along Coliseum Boulevard in Fort Wayne. BJ’s, a pizza and burger restaurant, was designed by Dublin, Ohio-based WD Partners. Englewood completed a 6,494-square-foot Outback Steakhouse at 1590 E. Lincoln Highway in Merrillville for Bloomin’ Brands. The company chose to move from a nearby location. The Roberts Group was the project architect. North of Detroit, Englewood completed construction of a 9,698-square-foot Eddie V’s restaurant in Troy. Scheduled to open in June, it is the 16th Eddie V’s location for Orlando, Fla.-based Darden Restaurants Inc. Located at 2100 W. Big Beaver Road, the restaurant will feature seafood, cocktails and live music from jazz musicians. Designers of Progressive Architecture was the project architect.
NORTH RIDGEVILLE, OHIO — Marcus & Millichap has brokered the sale of a 15,000-square-foot retail property net leased to Walgreens in North Ridgeville, about 22 miles southwest of Cleveland, for $5.4 million. Dan Yozwiak of Marcus & Millichap marketed the property on behalf of the seller, a private investor. Melinda Marston of JRW Realty represented the buyer, a California-based private fund.
CHICAGO — Horizon Realty Services has arranged two retail leases for Kilwins in the Chicago area. The chocolate and ice cream store leased 1,409 square feet at the vintage Metropolitan Tower building located at 310 S. Michigan Ave. in Chicago’s South Loop. The store is slated to open this summer. In Naperville, Kilwins leased a former restaurant space totaling 1,864 square feet. Located at 36 W. Jefferson Ave., the store is slated to open in the first quarter of 2018. Kilwins maintains approximately 114 stores nationally, seven of which are in the Chicago market. Stuart Lenhoff and Jason Lenhoff of Horizon Realty brokered the lease transactions on behalf of Kilwins.
OAKLAND COUNTY, MICH. — Three business expansions that will generate more than $40.7 million in total investment and create 349 jobs in Oakland County have received Michigan Strategic Fund approval for support, according to the Michigan Economic Development Corp. A. Raymond Corporate North America Inc., a subsidiary of France-based A. Raymond Network, develops, manufactures and markets fastening and assembly solutions. The company plans to construct a new North American headquarters in the city of Rochester Hills, where it will expand its corporate functions and establish a new advanced engineering lab. Supported by a $600,000 Michigan Business Development Program (MBDP) performance-based grant, the project is expected to generate a total capital investment of $17.3 million and create 71 jobs over five years. Michigan was chosen over a competing site in Ohio. The city of Rochester Hills has offered support to the project in the form of property tax abatement. Turin, Italy-based Comau LLC manufactures advanced industrial automation systems designed to help companies of all sizes increase plant efficiency while lowering costs. The company plans to expand its three Michigan facilities located in Southfield, Royal Oak and Novi, investing $1.5 million and creating 200 jobs. As a result, Comau has been awarded a $400,000 …
ST. CLOUD, MINN. — KeyBank Real Estate Capital has provided a $12 million Fannie Mae loan for the refinancing of Heritage Park Estates in St. Cloud, located in central Minnesota. The multifamily property was built in 2003 and includes 150 units. Fred Dockweiler of KeyBank originated the 10-year loan, which includes a 30-year amortization schedule.
MONTGOMERY, ILL. — Kiser Group has brokered the sale of Victorian Apartments in Montgomery, a western suburb of Chicago, for $10.8 million. The 152-unit property, located at 800-834 Victoria Drive, was built in the 1970s. John Meyer of Kiser Group represented both parties in the sales transaction. A Chicago-based investor purchased the property from the private owner in a 1031 exchange.
LAKEVILLE, MINN. — The Opus Group has completed construction of the newest Schneiderman’s Furniture store in Lakeville, a suburb of Minneapolis. Construction on the 110,000-square-foot retail store began in September 2016. A grand opening celebration took place in May. The furniture store features a second-story patio, which showcases outdoor furniture for sale. Located on Kenyon Avenue off Minnesota State Highway 50, the building is visible from I-35. Opus Design Build was the design-builder and Opus AE Group was the architect and structural engineer of record, as well as the interior designer for the project.