CHICAGO — MB Real Estate Services Inc. has arranged a lease expansion and renewal for the Alzheimer’s Association in Chicago. The Alzheimer’s Association has occupied 62,043 square feet at Michigan Plaza since 2003 and has inked a deal to occupy 78,517 square feet of space until 2030 — a 16,474-square-foot expansion. Michigan Plaza is a two-building, Class A office complex that totals 2 million square feet. The property consists of 205 N. Michigan Avenue, a 44-story tower, and 225 N. Michigan Avenue, a 25-story tower. Fujikawa Johnson & Associates designed the complex, which features amenities such as a 10,000-square-foot fitness center, a 4,000-square-foot conference center, an emergency child care facility, access to the East Loop ped-way and indoor access to over 25 restaurants. Kathleen Bertrand and Mark Buth of MB Real Estate represented the undisclosed landlord in the transaction, and John Goodman and Richard Schuham of Savills Studley represented the Alzheimer’s Association.
ST. LOUIS — A joint venture between AFL-CIO Building Investment Trust and Balke Brown Transwestern has broken ground on Encore at Forest Park, a $51 million, 247-unit apartment property. The five-story building will offer studio, one-, two- and three-bedroom apartments. Community amenities will include a pool, parking garage and fitness center. The apartment building will be the final phase at The Highlands at Forest Park, a mixed-use development. Encore at Forest Park will be situated on three acres at 5700 Highlands Plaza Drive.
CHICAGO — Mission Capital Advisors has arranged $19.3 million in non-recource financing for eight industrial properties in Chicago. The financing consists of a $14.4 million bridge loan for six industrial properties and a $4.9 million acquisition loan for two additional properties. Hackman Capital Partners is the borrower. The portfolio of six properties totals 906,984 square feet and is 89 percent leased. The two additional properties, which total 195,436 square feet, were acquired in a sale-leaseback deal with Cenveo Corp. Gregg Applefield, Alex Draganiuk and Lexington Henn of Mission Capital Advisors arranged the loans.
WOODRIDGE, ILL. — HSA Commercial Real Estate will develop a 152,122-square-foot speculative distribution center in Woodridge, approximately 30 miles southwest of Chicago. The Class A facility will serve as the final phase in HSA Commercial’s Park 355 development, a 500,00-square-foot project that is situated on 37 acres. The building, to be located at 2141 Internationale Parkway, is expected to come on line next March. Construction starts later this month. The building will include 30-foot clear heights, three drive-in doors and 15 truck docks.
CHICAGO — Klaff Realty LP, a privately owned real estate investment company, has acquired a 26,380-square-foot shopping center in Chicago’s South Loop neighborhood for $6.1 million. The fully leased property is located at 542-566 W. Roosevelt Road. Nicholas Kanich, Evan Halkias and Michael Marks of Cushman & Wakefield represented the buyer. The seller in the transaction was undisclosed.
ELK GROVE VILLAGE, ILL. — Darwin Realty has brokered the sale of a 70,796-square-foot industrial warehouse in Elk Grove Village, roughly 25 miles northwest of Chicago, for an undisclosed price. Hicks Properties LLC sold the building, located at 925-1065 Chase Ave., to TMI Properties LLC. Filter Services Inc. occupies one of two tenant spaces, and TMI Properties intends to move into the remaining space. The facility features 20-foot clear heights, 11 docks, three drive-in doors and 115 parking spaces. Jonathan Kohn of Colliers represented the buyer, and Richard Daly of Darwin Realty represented the seller in the transaction.
HUNTLEY, ILL. — Hammes Co. and the Centegra Health System will open the $230 million, 128-bed Centegra Hospital-Huntley on Tuesday, Aug. 9. Hammes began developing the hospital, located approximately 50 miles northwest of Chicago, in February 2014. In addition to general medical and surgical services, the hospital also features a cardiac catheterization lab, two Level II trauma rooms, a Family Birth Center, a special care nursery and a helipad for critical Flight for Life situations. Centegra Hospital-Huntley created 800 construction jobs and 1,000 permanent jobs. Power Construction was the general contractor, and Kahler Slater was the architect of record. Korda/Nemeth Engineering provided engineering services.
KALAMAZOO, MICH. — HOK and TowerPinkster have designed a $20.1 million justice facility in Kalamazoo. The Gull Road Family Justice Complex is a three-story, 81,200-square-foot building that consolidates all family court functions for the county including juvenile functions, domestic relations, probate, prosecuting attorneys, clerks and family support services. Situated on 7.3 acres, the facility features six hearing rooms, four courtrooms, a jury deliberation area, an attorney’s office, holding areas and more.
CHICAGO — Joseph J. Duffy Co. has broken ground on a $12.5 million mixed-use building in Chicago’s Woodlawn neighborhood. Trianon Lofts, to be located at 803 E. 61st St., will consist of 24 two-bedroom/two-bathroom units and 7,000 square feet of retail space. Units, which will average from 900 to 950 square feet, will include 10-foot ceilings, stainless steel appliances, granite countertops, in-unit washers and dryers and be predominantly market rate. Preservation of Affordable Housing (POAH) is the developer, and Urban Works is the project architect. The project is part of the city of Chicago and POAH’s Choice Neighborhoods Partnership, which is redeveloping the former Grove Parc apartments.
WALLED LAKE, MICH. — Marcus & Millichap has arranged the sale of a 900-unit self-storage property in Walled Lake, approximately 35 miles northwest of Detroit, for $11.3 million. Mini Storage Depot includes 15 buildings totaling 111,050 square feet. The property, built in 2004, was 95 percent leased at the time of sale. Mini Storage Depot, located at 46550 Pontiac Trail, features 259 climate-controlled units, 641 non-climate-controlled units, 108 outdoor parking spaces for boat and recreational vehicle storage, an on-site management office, 24-hour video surveillance and 24-hour gate access. Brett Hatcher of Marcus & Millichap represented the seller and procured the buyer, both limited liability companies, in the transaction.