WARREN, MICH. — Signature Associates has negotiated a 6,700-square-foot industrial lease in Warren, a suburb of Detroit. The building is located at 24525-24585 Forterra Drive. Paul Saad and Ben Wilkiemeyer of Signature Associates represented the landlord, Forterra Associates LLC. Wilkiemeyer also represented the tenant, Advanced Therapeutics. The medical equipment provider is based in Clinton, Mich.
DETROIT — Co-developers Broder & Sachse Real Estate and Woodborn Partners have opened The Scott at Brush Park, a mixed-use development in Detroit’s midtown neighborhood. The building features 199 luxury apartments and 15,000 square feet of retail space. The Scott includes a variety of studio, one-, two- and three-bedroom units, a number of which are slated for move-ins in February. Apartments range in size from 450 to 1,380 square feet of space. Amenities include a 24-hour concierge service, dry cleaning delivery, stations for pet grooming and bicycle maintenance and a fitness center. Sachse Construction served as the construction manager and Neumann/Smith served as the architect.
MADISON, WIS. — Dwight Capital has provided a $19.8 million loan for the refinancing of Blackhawk Trails Apartments in Madison. The property consists of 196 units. The 35-year loan was financed through HUD’s 223(a)(7) program at an interest rate of 3.6 percent. Blackhawk Trails LLC was the borrower. Adam Sasouness of Dwight Capital originated the loan.
PONTIAC, ILL. — Senior Living Investment Brokerage Inc. has arranged the sale of Woodridge Supportive Living in Pontiac, north of Bloomington, for $7.5 million. The 36,610-square-foot facility sits on five acres and includes 60 units. A private partnership that develops and operates assisted living and memory care facilities was the seller. A regional operator of seniors housing in Illinois was the buyer. Ryan Saul of Senior Living Investment Brokerage arranged the transaction.
COLUMBUS, OHIO — Dougherty Mortgage has provided a $5.1 million Fannie Mae loan for the refinancing of Ponderosa Village Apartments in Columbus. The property includes 119 units. The 10-year loan features a 30-year amortization schedule. The loan was arranged through a partnership with Old Capital Lending and Dougherty’s Vienna, Va. Office. Wolfe Sumrok LBC LLC was the borrower.
WEST ST. PAUL, MINN. — Marcus & Millichap has arranged the sale of Emerson Hill in West St. Paul for $4.8 million. The 35-unit apartment community is located at 993 Robert St. South. Mox Gunderson, Dan Linnell and Josh Talberg of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. The team also represented the buyer, a private investor.
CHICAGO — Kiser Group has brokered the sale of a multifamily portfolio in Chicago’s Rogers Park neighborhood for $20 million. The vintage buildings are located at 1412 W. Chase Ave., 6945 N. Ashland Ave., 1310 and 1257 W. Lunt Ave. The properties include studio, one-bedroom and two-bedroom units. Allen Smith of Winnemac Properties bought the four-building, 220-unit portfolio with plans to renovate the units. Luke Lesniewski, Stevens Haen, Michael Feldstein and Lee Kiser of Kiser Group represented the seller, Ansonia Properties.
SHOREWOOD, ILL. — Mid-America Real Estate Corp. has negotiated the sale of Shorewood Crossings in Shorewood, about 40 miles southwest of Chicago. Phillips Edison & Co. purchased the 173,981-square-foot retail center. Located at the northeast corner of Route 59 and Black Road, the center is anchored by Mariano’s. Joe Girardi of Mid-America represented the seller, Regency Centers Corp. and its co-investment partner.
EAGAN, MINN. — CBRE has brokered the sale of Lexington Hills in Eagan, 15 miles south of St. Paul. The 168-unit property is located at 4116 Lexington Ave. South. The seven-building community recently underwent a $1.8 million renovation including clubhouse expansion with an outdoor lounge, community room, fitness center and outdoor swimming pool. Abe Appert, Keith Collins, Ted Abramson and Laura Hanneman of CBRE represented the seller, Lexington Hills-Minneapolis LLC, an entity controlled by Bellevue, Wash.-based Curtis Capital Group. The buyer was an affiliate of Miami-based Monument Capital Management.
LIBERTYVILLE, ILL. — Entre Commercial Realty LLC has arranged the sale of a 49,516-square-foot industrial building in Libertyville, a suburb of Chicago, for $3.2 million. The building is located at 1600-1648 Northwind Blvd. and features 26-foot clear heights, four docks and three drive-in doors. World Bioproducts, a manufacturer of microbiology testing products for the food industry, acquired the facility as part of an expansion and relocation from nearby Mundelein, Ill. Brian Bocci of Entre Commercial represented the buyer, while Dan Tobin of CTK represented the undisclosed seller.