MANCHESTER, MO. — Holland Construction Services and architect HDA have completed an exterior renovation of Mungenast Lexus of St. Louis, a 70,000-square-foot auto dealership in the western St. Louis suburb of Manchester. The project included metal cladding, dark column accents and a new entryway with a prominent Lexus logo. The building features a two-story showroom, 32 service bays, a café and car wash/detail area. HDA originally designed the facility in 2009 as the first LEED Silver-certified Lexus auto dealership in the country.
Midwest
WHEATON, ILL. — SVN Chicago Commercial has arranged the sale of a 35,400-square-foot office building located at 330 S. Naperville Road in downtown Wheaton for $1.9 million. The transaction closed at 97.5 percent of the asking price. The property features 23 executive suites, and was 72 percent occupied at the time of sale. Karen Kulczycki of SVN represented the seller. Buyer information was not provided.
MILWAUKEE — Crow Holdings has broken ground on a new air cargo facility at the Milwaukee Mitchell International Airport (MKE). The project will transform a significant portion of the former 440th Airlift Wing, now known as the MKE Regional Business Park, into a 337,000-square-foot air cargo facility featuring a dedicated air cargo building, a new Milwaukee County highway maintenance facility to support both county and state transportation needs and enhancements to adjacent taxiways to improve accessibility for wide-body cargo aircraft. The facility will have the capacity to accommodate five B747-400 aircraft at the same time and is expected to generate over $1.3 million in annual aircraft landing fees as well as over $1 million in annual ground lease rents and fees. The former 440th campus was turned over to the airport in 2008. Since that time, the underutilized property has been marketed to developers. Some of the buildings are currently used by the airport while others have been leased to a variety of short-term tenants. According to a news release, the public-private project will create new jobs at the airport and has the potential to attract new passenger airlines and destinations, as well as air cargo services, by lowering the …
AURORA, ILL. — FCL Construction has completed a 210,000-square-foot data center for Edged in Aurora. Ware Malcomb provided architecture and interior design services for the building, which is situated on a 65-acre campus that will ultimately feature 96MW of capacity powered by renewable energy. Seefried Industrial Properties was the developer. Edged is a sustainable infrastructure provider. The new Edged campus was designed to be a model for modern engineering and sustainable infrastructure initiatives and uses significantly less energy than traditional data centers. Among the campus features is a waterless cooling technology that ensures operational efficiency while setting a new industry standard for power usage effectiveness. Other sustainable highlights include onsite solar generation, electric vehicle charge points and alternative fuel-powered backup generators. The building interior can accommodate colocation of multiple tenants and includes 13,000 square feet of office space with a lobby, conference room and break room. The exterior design features a glass façade on the north and south sides, added at the request of the city to enhance visual appeal along the adjacent tollway.
WARREN, MICH. — Dominion Real Estate Advisors LLC has arranged the sale of a 15,000-square-foot medical office building in Warren, an inner-ring suburb of Detroit. The multi-tenant property is located at 29431 Ryan Road. Andrew Boncore Sr. of Dominion represented the seller, Summit Ryan Development LLC. Ayman Alamat of Community Choice Realty represented the buyer, Natcoc LLC, an investment firm based out of California.
PORTAGE, IND. — Greenstone Partners has brokered the sale of Starbucks Center at AmeriPlex at the Port, a two-tenant retail property in Portage, for nearly $2 million. The 5,251-square-foot asset is located just off I-94 at the entrance of AmeriPlex at the Port, a 387-acre mixed-use business park. Tenants include Starbucks, which has occupied space for over 17 years and recently extended its lease through 2033, and El Salto/Fairway Indoor Golf, a regional restaurant group that recently introduced high-tech golf simulators. Jason St. John of Greenstone represented the seller and developer in the transaction. Buyer information was not provided.
ELLISVILLE, MO. — Starbucks has opened its first location in Ellisville, a western suburb of St. Louis. The standalone property totals 2,300 square feet and serves as the newest amenity for the 227-unit MILA Apartments, which is slated to open in June. The development team for MILA, which includes Midas Hospitality and Balke Brown with its affiliates Double Eagle Development and Diamond Income Fund, also developed the building for Starbucks. The four-story MILA features units that range in size from 552 to 1,363 square feet. Work is currently focused on finalizing interior spaces. Amenities include a courtyard, pool, bocce ball, mini golf, dog park, business center and fitness room. Rosemann & Associates designed the building, and MBG is the general contractor. Leasing will begin in April and is being managed by 2B Residential.
CHICAGO — The Community Builders has completed development of Canvas at Leland Plaza, a $44 million affordable housing property in Chicago’s Lincoln Square neighborhood. The equitable transit-oriented development (ETOD) features 63 units with commercial space, outdoor seating and parking. The Chicago Housing Authority (CHA) is providing funding for 16 of the units through its project-based voucher program, representing an investment of more than $13.3 million over the next 30 years. Amenities at the property include package and bike rooms, storage space, a resident lounge and terrace. Financial partners include the City of Chicago, the CHA, CIBC, Stratford Capital Group, Benefit Chicago and ComEd. DesignBridge was the architect, and Leopardo Cos. and KMW Communities served as general contractors.
FARGO, N.D. — Gindi Equities has acquired Amber Crossing Apartment Homes in Fargo for an undisclosed price. The 117-unit multifamily community is situated at 5170 Amber Valley Parkway. Property Resources Group was the seller. The transaction marks Gindi’s third investment in the Fargo market. Gindi plans to make interior refurbishments, such as updating kitchen and bathroom features as well as revamping common spaces and outdoor amenities. Constructed in 2002, Amber Crossing features one- to three-bedroom units and is located just off I-29.
REYNOLDSBURG, OHIO — Laurel Real Estate Co. has arranged the sale of the Days Inn Columbus East Airport hotel in Reynoldsburg for an undisclosed price. Lauren D’Souza-Faze of Laurel Real Estate represented the undisclosed seller. The buyer was a first-time hotelier based outside of the United States. Located at 2100 Brice Road, the property features 152 units as well as an outdoor pool, meeting space and full bar and restaurant. Scientific Capital arranged acquisition financing.