GLENVIEW, ILL. — Lee & Associates of Illinois has negotiated a long-term lease for a 44,458-square-foot industrial building located at 1870 Elmdale Ave. in the Chicago suburb of Glenview. Jeff Janda, John Cassidy and Brad Simousek of Lee & Associates represented the owner, DRA Advisors. Nick Schurer of Vestian Global Workplace Services represented the tenant, Lakeshore Academy Gymnastics North. The property marks the gymnastic school’s third location.
OSHKOSH, WIS. — NAI Pfefferle has brokered the sale of a 21,000-square-foot flex industrial building located at 2080 W. 20th Ave. in Oshkosh. The sales price was undisclosed, but the asking price was $1.6 million. John Roberts of NAI Pfefferle brokered the transaction. Buyer and seller information was not provided.
OVERLAND PARK, KAN. — Northmarq has secured a $52 million Freddie Mac loan for the refinancing of Stonebriar Woods, a 476-unit apartment property in Overland Park. The garden-style community features a mix of one-, two- and three-bedroom floor plans. Amenities include a pool, clubhouse, tennis court, fitness center and green space. Greg Duvall of Northmarq secured the loan on behalf of the borrower, Price Brothers, a Kansas City-based real estate investment and development firm.
CHICAGO — Workbox, a national workspace operator, has unveiled plans to open its largest U.S. location at the Civic Opera Building in Chicago’s Loop. Workbox Chicago – Civic Opera will offer local entrepreneurs and businesses the opportunity to be part of a coworking community. In addition to flexible workspace solutions, member benefits include direct connection to more than 100 capital and operating partners, programming and networking events as well as connection to affiliates such as Workbox Ventures. The new location is set to open Monday, June 2 and marks the company’s seventh workspace in Chicago and 13th nationwide. Workbox Chicago – Civic Opera will be located along the Chicago River at 20 N. Wacker Drive, Suite 1000. Totaling 68,000 square feet, the location spans two floors with lounges, conference rooms, public outdoor space, a workout facility and modern amenities. Offices and suites will be available for teams ranging in size from 1 to 50 employees. Workbox is offering a variety of leasing specials for private offices and suites. There are also floating membership and reserved desk options for those looking for individual plans.
DAYTON, OHIO — Marcus & Millichap Capital Corp. (MMCC) has arranged a $6 million loan for the refinancing of Dayton Children’s Behavioral Health Center, a medical office facility located at 5501 Far Hills Ave. in Dayton. Dan Litman of MMCC arranged the financing with a regional bank on behalf of a local, privately held construction and real estate development company. The nonrecourse loan features a nine-year term, 75 percent loan-to-value ratio, 5.73 percent interest rate and 20-year amortization period. Dayton Children’s is a pediatric acute children’s teaching hospital with locations throughout Ohio. The newly completed facility on Far Hills Avenue offers developmental rehab and speech therapy, imaging and lab work, and pediatric primary care services.
CHESTERFIELD, MO. — Brinkmann Constructors has completed a 4,000-square-foot interior renovation of an existing Rolls-Royce automotive showroom in Chesterfield, a western suburb of St. Louis. The project included an interactive atelier room equipped with a kinetic lighting system that synchronizes with sound. Additional elements include a custom Pantheon door and an automatic snow melt system built into the front sidewalk. Brinkmann completed the renovation in partnership with Rolls-Royce and Holman Motorcars. ACI Boland Architects served as the project architect.
OAKLAND TOWNSHIP, MICH. — Evexia Wellness Spa has signed a 3,603-square-foot retail lease to open its second location in Oakland Township, about 32 miles north of Detroit. Evexia will occupy space at the Kroger-anchored Country Creek Commons shopping center, which is located at the northwest corner of Adams and Silverbell roads. Owen Kelly and Michael Murphy of Gerdom Realty & Investment represented the tenant, while Eric Banks of Dominion Real Estate Advisors represented the undisclosed landlord.
WEST DUNDEE, ILL. — Keeley Construction is underway on a 132,000-square-foot industrial expansion for Helukabel USA at its facility at 1201 Wesman Drive in West Dundee, a far northwest suburb of Chicago. The project will introduce new warehouse, office and climate-controlled manufacturing space — marking the first time manufacturing will occur at the site. An expanded office will feature a gym, cable testing and assembly areas, new locker rooms, showers and a modern breakroom. The project team includes Skedio Architecture, J&H and Benchmark Developers, serving as the owner’s representative. Helukabel USA is a manufacturer and supplier of cables, wires and cable accessories.
BLAINE, MINN. — Transwestern Real Estate Services has negotiated a 45,024-square-foot lease for Waggle, a golf and apparel brand, at Radisson Road Business Center in the Minneapolis suburb of Blaine. The new 58,080-square-foot development is zoned for light industrial use and is slated for completion in October. Waggle expects to be in its space by year’s end and will utilize 2,300 square feet for retail space, 10,000 square feet for office space and 27,000 square feet for warehouse space. The lease marks a significant expansion for Waggle and will serve as the company’s headquarters. Chris Weirens of Transwestern represented the tenant throughout the site selection and lease negotiation process. Jon Raush and Luke Appert of Cushman & Wakefield represented the undisclosed landlord.
CHICAGO — SVN Chicago Commercial has arranged the $1.3 million sale of an 8,700-square-foot office suite at 211 W. Wacker Drive in Chicago. Tim Rasmussen and Jim Mead of SVN represented the buyer, a futures trading firm seeking to expand its downtown Chicago presence. According to SVN, the buyer capitalized on current market conditions, securing a fully improved office space at a significant discount to historical pricing. The seller was undisclosed.
