BROWN DEER, WIS. — The Dickman Co. Inc./CORFAC International has brokered the sale of a 117,546-square-foot industrial building in Brown Deer, a suburb of Milwaukee. The sales price was not disclosed. The property is located at 8900 N. 55th St. STAG III Milwaukee 2 LLC purchased the property from 55th Street Industrial LLC. Samuel M. Dickman Jr., Samuel D. Dickman and Roger B. Siegel of Dickman Co. brokered the transaction.
ELK GROVE VILLAGE, ILL. — ML Realty Partners has acquired a 74,072-square-foot industrial property in Elk Grove Village. The purchase price was not disclosed. The building, 100 percent leased to a single tenant, is located at 2601 Lively Blvd. near Chicago O’Hare International Airport. Phil Reiff Jr. and Phil Reiff Sr. of Paine/Wetzel represented the undisclosed seller in the transaction.
CHICAGO — General contractor J.C. Anderson Inc. has completed a lobby renovation at One North Franklin, otherwise known as PNC Centre, in Chicago. The project consisted of installing marble flooring throughout all of the elevator vestibules, large floor-to-ceiling specialty glass panels as well as new elevator wall sconces. Designed by architects Skidmore, Owings & Merrill, PNC Centre is a 36-story, Class A office building. Completed in 1991, the property features 617,592 square feet of office and retail space. Matt Kantro and Dan Dunn of J.C. Anderson led the project team. Gensler provided architectural services.
MINNEAPOLIS — CBRE has brokered the sale of Track 29 in Minneapolis for $53.2 million. The 198-unit apartment property is located at 2841 Bryant Avenue South along the north side of the Midtown Greenway. The 148,082-square-foot building offers a mix of studio, one- and two-bedroom units. Amenities include an art gallery/exhibition space, rooftop terrace, Zen garden, saltwater pool and dog run. Abe Appert, Keith Collins, Ted Abramson and Laura Hanneman of CBRE represented the seller, Bryant Apartments LLC, a local private investment partnership. An institutional buyer purchased the property.
BOLINGBROOK, ILL. — Peak Construction Corp. has completed the Marriott Residence Inn located in Bolingbrook, a southwest suburb of Chicago. Peak provided design-build services for the 103-room extended-stay hotel. Amenities at the four-story, 77,000-square-foot property include a swimming pool, outdoor patio and multi-purpose sport court. Norr Architects served as the project architect, while Manhard Consulting Ltd. provided civil engineering services. Love Hotel Management Co. will manage the property.
AUBURN HILLS, MICH. — Bernard Financial Group has arranged an $11.2 million loan for the refinancing of a 137,994-square-foot office building in Auburn Hills. Multiple tenants occupy the building, located at 691 N. Squirrel Road. Dennis Bernard and Kevin Kovachevich of Bernard Financial arranged the CMBS loan on behalf of Auburn Newco LLC.
OAK BROOK, ILL. — Michael Jordan’s Restaurant has opened in Oak Brook, about 20 miles west of Chicago. Executive chef Craig Couper, who also heads the kitchen at Michael Jordan’s Steak House in downtown Chicago, prepares some of Jordan’s signature items, including prime Delmonico ribeye steaks. In addition to lunch and dinner, the restaurant features made-to-order coffee brewed by Metric Coffee. Michael Jordan’s Restaurant seats 150 diners, not including the 90-seat bar and 68-seat patio. Chicago-based DMAC Architecture designed the restaurant. Cornerstone Restaurant Group oversees all seven Michael Jordan-branded restaurants.
ST. LOUIS — SVN/Infinity Commercial Group has negotiated the sale of a 105,800-square-foot office and warehouse property in St. Louis for $5.3 million. The building sits on 5.4 acres and is located at 1325 N. Warson Road. Mark Zvibleman of SVN/Infinity Commercial Group represented the seller, North Warson Associates. Tom Schenk represented the buyers, White Warson 1 LLC and WFLP LLC.
CHICAGO — CBRE has arranged the sale of Coast at Lakeshore East in Chicago for $222.5 million. The 515-unit luxury apartment tower is located at 345 E. Wacker Drive. The 45-story property offers studios, one-, two- and three-bedroom units. Amenities include a fitness center, outdoor heated pool, indoor spa and a sky garden lounge. John Jaeger, Dan Cohen and MJ Zaring of CBRE represented the sellers, Magellan Development Group and institutional investors advised by J.P. Morgan Asset Management. Morguard Corp. purchased the property.
WHEELING, ILL. — The Lynmark Group has broken ground on Wheeling Town Center, a $110 million mixed-use project in the Village of Wheeling. The development will feature over 300 luxury apartments, 100,000 square feet of retail and entertainment space and a pedestrian-friendly plaza. CMX movie theater will anchor the retail space, along with City Works Eatery and Pour House. The development, located at 351 W. Dundee Road, is adjacent to the Wheeling Park District. Completion is slated for fall 2018. CallisonRTKL designed the project, and William A. Randolph is serving as general contractor.
