LIVONIA, MICH. — Mid-America Real Estate Corp. has arranged the $19.8 million sale of Livonia Plaza, a 137,391-square-foot shopping center located in the Detroit suburb of Livonia. Kroger anchors the center, which is also home to TJ Maxx, Red Wing Shoes, Sally Beauty Supply and Subway. Ben Wineman and Daniel Stern of Mid-America represented the seller, Ramco-Gershenson Properties Trust, in the sale of the property to Phillips Edison Grocery Center REIT II.
MINNEAPOLIS — RJM Construction, a Minneapolis-based general contractor, will oversee construction of Legacy Lofts, a condominium project in downtown Minneapolis’ mill district. Led by Jim Stanton, the 1 million-square-foot project will include a 14-story and an 18-story tower with underground and aboveground parking along with 374 individually owned units. Plans call for a playground, pet exercise area, fitness room, pool and spa, bike racks, community room, game room and a green roof with lawn bowling. RJM Construction will manage the core and shell construction. Riverdale Ventures LLC, which Stanton owns, will complete the units. Site preparations are underway, with the building scheduled for completion in summer 2018. In addition to RJM, project partners include Oertel Architects and BKBM Engineers.
CHICAGO — Chris Irwin, Adam Napp and Mark Jones of Jameson Commercial have arranged the sale of 1311 and 1317 W. North Ave. in Chicago. Both properties were part of the estate of James Bielarz, longtime owner of Nortown Automotive who passed away in December 2015. The combined purchase price for the two properties was $3.6 million or $156 per square foot. The property includes an 8,800-square-foot automotive repair building and an 8,862-square-foot building leased to Showtime Audio, an automotive sound system installer.
PARMA, OHIO — Gordmans has opened a new store in The Shoppes at Parma in the Cleveland suburb of Parma. The value-priced department store joins a JCPenney, Walmart, Dick’s Sporting Goods and Marc’s grocery store at the 750,000-square-foot, mixed-use redevelopment. The new Gordmans totals 45,000 square feet.
MARYLAND HEIGHTS, MO. — McGrath & Associates has completed the expansion of the Girl Scouts of Eastern Missouri (GSEM) headquarters at 2306 Ball Drive in Maryland Heights. The new Berges Family Girl Scouts Program Center houses programs focused on science, technology, engineering and math (STEM) careers, health and money management. Oculus Inc. was the architect. Landmark Contract Management represented the owner. McGrath constructed the 6,500-square-foot facility in an existing space adjacent to the Girl Scouts of Eastern Missouri headquarters. The new program center includes a robotics lab, science area, demonstration kitchen and program studio. Design features include suspended lighting, acoustical ceiling and a glass feature wall. GSEM has more than 43,000 Girl Scout members and 15,000 adult members in the St. Louis area.
INDIANAPOLIS — Baceline Investments LLC has sold Raceway Commons, a 33,000-square-foot retail center in Indianapolis, for $7.9 million. Baceline purchased the property in May 2012 for $4.3 million as part of its No Debt Fund III. Located at 55 S. Raceway Road and situated on 4.9 acres, Raceway Commons is one of five Indiana-based retail properties owned by Baceline. The center, consisting of retail and office space in two single-story buildings, was constructed in 2003. The property was 94 percent occupied at the time of sale.
SUNSET HILLS, CHESTERFIELD AND CREVE COEUR, MO. — Wiegmann Associates has started construction of three The Sheridan Assisted Living properties in the St. Louis suburbs of Sunset Hills, Chesterfield and Creve Coeur. Wiegmann is the engineer of record and installing contractor for HVAC and building automation systems, and will provide on-site project management for the design/build project. Senior Lifestyle Corp., based in Chicago, is developing the projects, which have a combined value of $65 million. The $17 million, 84-unit The Sheridan at Laumeier Park in Sunset Hills and the $17 million, 53-unit The Sheridan at Creve Coeur are scheduled for completion in early 2017. The $31 million, 91-unit The Sheridan at Chesterfield is scheduled to open next summer. Brinkmann Constructors is the general contractor. The projects are a joint venture of Bob Brinkmann, founder of Brinkmann Constructors, and Senior Lifestyle Corp., an operator of seniors housing facilities.
LIVONIA, MICH. — Friedman Integrated Real Estate Solutions has leased 7,206 square feet of retail space at Laurel Office Park III, located at 17197 N. Laurel Park Drive in Livonia, Mich. The landlord, LOP III Holding Co. LLC – FMC, leased the space to Blazent Inc. Blazent, a data quality management company currently located in Novi, will move its headquarters to the Laurel Office Park location next year. David Friedman and Amit Hingorani of Friedman represented the landlord in the transaction.
WHEELING, ILL. — Marcus & Millichap has negotiated the $2.4 million sale of Pete Miller’s Steak House and 227,685 square feet of land in Wheeling, Ill. Richard Kozarits and Joseph Sigal of Marcus & Millichap’s Chicago Oak Brook office marketed the property on behalf of the seller, a limited liability company. Kozarits also secured and represented the buyer, a private investor. Pete Miller’s Seafood and Prime Steak is located at 412 N. Milwaukee Ave. The property includes 150 dedicated parking spaces and 383 feet of frontage on Milwaukee Avenue.
CINCINNATI — The Global Operations Center has opened at The Banks mixed-use development in Cincinnati. More than 2,000 employees will work in the 12-story, 338,000-square-foot tower. The main entrance will be at the corner of Second and Rosa Parks streets. The new building is located in Phase II of The Banks, and includes 19,000 square feet of street-level retail space. Taste of Belgium and Pies & Pints are under construction and will open in the coming weeks. Next door, the Radius at The Banks apartment community is also now open. GE has signed a 15-year lease with Carter and Nicol Investment Co., co-owners of the building. PNC Financial Services led the construction financing for the project, and Brasfield & Gorrie oversaw construction along with Cincinnati-based Jostin Construction. RJTR is the architect and CBRE will manage the property.
