Midwest

ICI Completes Construction of 61,940 SF Jewel Osco in Deerfield, Illinois

by Kristin Harlow July 26, 2017

DEERFIELD, ILL. — ICI has completed the construction of a 61,940-square-foot Jewel Osco in Deerfield. The grocery store is located at the corner of Waukegan and Lake Cook roads. The store was built between an existing strip center. The new Deerfield store features an updated look with a juice bar, customer seating area, sushi section and expanded departments. This store marks the ninth project ICI has completed for Jewel Osco. A ribbon-cutting ceremony for the store’s opening took place on July 19.

July 26, 2017

Michigan Midwest Office

Flex-N-Gate Signs 24,165 SF Office Lease in Sterling Heights, Michigan

by Kristin Harlow July 26, 2017

STERLING HEIGHTS, MICH. — Flex-N-Gate Corp. has signed a 24,165-square-foot office lease in Sterling Heights. The building is located at 35819 Mound Road in Liberty Place, a five-building office campus. Illinois-based Flex-N-Gate manufactures products for the automotive industry. L. Mason Capitani CORFAC International arranged the five-year lease transaction.

July 26, 2017

Healthcare Midwest Wisconsin

Orthopedic Institute of Wisconsin Signs 9,573 SF Medical Office Lease in Wauwatosa, Wisconsin

by Kristin Harlow July 26, 2017

WAUWATOSA, WIS. — The Orthopedic Institute of Wisconsin has signed a 9,573-square-foot lease at a three-story office building to be redeveloped in Wauwatosa. HSA Commercial Real Estate owns the building, located at 3077 Mayfair Road. The Orthopedic Institute will open a 7,125-square-foot flagship clinic in the western portion of the building’s ground level with a patient drop-off area and parking. The institute, which will also utilize space on the building’s third level for administrative operations, is scheduled to open the new facility in April 2018 after relocating from an existing office nearby. HSA Commercial purchased the property in 2015 in partnership with Innovative Capital Advisors. Construction is scheduled to start in August for interior improvements. Chris Thomas of Evanston, Ill.-based TOA Architecture and Urban Design is responsible for the project design, and Itasca, Ill.-based Premier Design + Build will serve as the general contractor. Jim Cavanaugh of CBRE represented the Orthopedic Institute in the lease transaction.

July 26, 2017

Indiana Industrial Loans Midwest

NorthPoint Capital Arranges $65.5M Loan for Refinancing of Industrial Portfolio in Indiana

by Kristin Harlow July 25, 2017

INDIANAPOLIS, PORTAGE AND SOUTH BEND, IND. — NorthPoint Capital Funding Inc. has arranged a $65.5 million loan for the refinancing of a 15-property industrial portfolio in Indiana and Tennessee. The assets are located in Indianapolis, Portage and South Bend, Indiana, as well as Nashville. A mix of 36 tenants specializing in manufacturing or warehouse and distribution occupy the properties. The 10-year loan enabled the borrower, Holladay Properties, to retire multiple bank loans while forming a new entity that can be used to guarantee the financing of future development projects. AIG provided the loan.

July 25, 2017

Industrial Kansas Midwest

Horizon Global to Open 512,000 SF Industrial Facility at LPKC in Edgerton, Kansas

by Kristin Harlow July 25, 2017

EDGERTON, KAN. — Horizon Global has unveiled plans to open a 512,000-square-foot distribution facility in Logistics Park Kansas City (LPKC) in Edgerton. Construction is nearing completion on the facility, which is expected to create more than 120 new jobs. Horizon Global’s new home will be located in Inland Port XXXII. NorthPoint Development serves as the master developer for LPKC, a 1,700-acre master-planned distribution and warehouse development anchored by BNSF Railway’s newest intermodal facility. Since opening in 2013, LPKC is now home to more than 11 million square feet of warehouse and distribution space.

July 25, 2017

Illinois Industrial Midwest

Morgan/Harbour Completes Construction of 41,100 SF Office, Warehouse Facility in Buffalo Grove, Illinois

by Kristin Harlow July 25, 2017

BUFFALO GROVE, ILL. — Morgan/Harbour Construction has completed a new 41,100-square-foot office and warehouse headquarters for ThermFlo Inc. and its sister company, Zonatherm Products Inc., in Buffalo Grove. Situated on 4.3 acres and located at 875 Busch Parkway in the Corporate Grove Industrial Park, the facility features an open office concept with workstations, private executive offices, conferencing spaces, a seminar room, full-glass product showroom, lunchroom, 20-foot clear height warehouse, two exterior docks, two drive-in doors and 136 parking stalls. Brian Smith, Rich Cassidy and Scott Guerra of Morgan/Harbour led the project team. Ware Malcomb provided architectural services, while Clarius Partners provided development management services. Previously located in Wheeling, ThermFlo is a 24-hour service and construction company with engineering design and CAD capabilities.

July 25, 2017

Midwest Missouri Office

Hilliker Corp. Brokers $1.5M Sale of Office Building in St. Louis

by Kristin Harlow July 25, 2017

ST. LOUIS — Hilliker Corp. has brokered the sale of a 33,000-square-foot office building in St. Louis for $1.5 million. The Little Bit Foundation, a St. Louis-based nonprofit organization that provides basic needs for children living in poverty, purchased the property for its new headquarters. A commercial construction company previously occupied the building and will continue to occupy a portion of the property, located at 516 Hanley Industrial Court. Hal Ball and Brennan Gaffney of Hilliker Corp. represented the seller, Kraska Enterprises. Bahn Realty represented The Little Bit Foundation.

July 25, 2017

Michigan Midwest Retail

Cohn Commercial Arranges Sale of 30,000 SF Shopping Center in Westland, Michigan

by Kristin Harlow July 25, 2017

WESTLAND, MICH. — Cohn Commercial Properties Inc. has arranged the sale of a 30,000-square-foot shopping center in Westland, about 16 miles west of Detroit. The sales price was not disclosed. The property is located at 35700 W. Warren Road across from Westland Mall. Prime Healthcare Services-Garden City LLC purchased the property from MI Westland Retail Center LLC. Cohn Commercial brokered the transaction on behalf of both parties.

July 25, 2017

Midwest Missouri Retail

Christie Development Breaks Ground on $63M Phase II of Belton Gateway in Belton, Missouri

by Kristin Harlow July 24, 2017

BELTON, MO. — Christie Development has broken ground on the $63 million second phase of construction for the Belton Gateway in Belton, about 20 miles south of Kansas City. The retail property consists of more than 182,000 square feet of developable space. Infrastructure, pad site preparation and road reconstruction are underway, with the first restaurant slated to open later this year and five new retailers set to open in early 2018. The future home of Kneaders Bakery & Cafe is under construction on the southeast corner of the 47-acre, $136 million mixed-use development. Ross Dress for Less, Marshalls, Party City, Petco and Five Below will also open at the property. Phase I construction included a 58,000-square-foot Academy Sports + Outdoors, a 55,000-square-foot Hobby Lobby and two multiple-tenant retail buildings that are home to Belton Family Dental Care, Fazoli’s and Cricket Wireless.

July 24, 2017

Illinois Midwest Office

GATX Corp. to Relocate Global Headquarters to Chicago’s Willis Tower

by Kristin Harlow July 24, 2017

CHICAGO — GATX Corp. has signed a 90,000-square-foot office lease to relocate its global headquarters to Willis Tower in Chicago. The railcar leasing company currently occupies office space at 222 West Adams St. in Chicago. Willis Tower is undergoing a renovation to include amenities such as a tenant lounge, fitness center and café. Joy Jordan, Jamey Dix and Brian Whiting of Telos represented Equity Office in the lease transaction, while Melissa Copley of Newmark Knight Frank represented GATX Corp. Equity Office is the U.S. office portfolio company wholly owned by Blackstone’s real estate funds. Blackstone acquired Willis Tower in 2015.

July 24, 2017

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