Midwest

CBRE Brokers Sale of Two Industrial Buildings Totaling 142,259 SF Near Cincinnati

by Christina Cannon August 17, 2016

FAIRFIELD AND FOREST PARK, OHIO — CBRE Group Inc. has brokered the sale of two office and warehouse buildings near Cincinnati for an undisclosed price. Fairfield Business Center totals 44,011 square feet, and Kemper Woods Business Center totals 98,248 square feet. Chicago-based Brennan Investment Group purchased the buildings from two separate undisclosed sellers. Keith Yearout, Jim Vondran, Doug Whitten, Mike Lowe, Tim Schenke and Jeremy Kraus of CBRE represented the two sellers in the transaction. The team will also market the properties for lease.

August 17, 2016

Illinois Industrial Midwest

Transwestern Arranges 48,370 SF Industrial Lease in Waukegan, Illinois

by Christina Cannon August 17, 2016

WAUKEGAN, ILL. — Transwestern has arranged a 48,370-square-foot industrial lease for Design Phase Inc. in Waukegan, approximately 40 miles north of Chicago. Design Phase will occupy space at Amhurst II, a 167,916-square-foot building within the Amhurst Lake Business Park. The company’s headquarters is also located in a separate building within the business park. The building features 24-foot ceilings, four exterior docks, one drive-in door and 1,300 square feet of office space. Located at 3540–3630 Amhurst Parkway, Amhurst Lake Business Park consists of six industrial buildings situated on 452 acres owned by Prudential Real Estate Investors. Tom Boyle and Jared Paff of Transwestern represented the tenant in the transaction.

August 17, 2016

Hospitality Illinois Midwest

Laurus Corp. Completes $7.6M Renovation of Chicago Renaissance O’Hare Suites Hotel

by Christina Cannon August 16, 2016

CHICAGO — Laurus Corp. has completed a $7.6 million renovation of the 362-room Chicago Renaissance O’Hare Suites Hotel. The 15-story building features a restaurant and bar, Starbucks coffee shop, business center, fitness center, indoor heated pool, whirlpool spa, 13 conference suites, a 5,000-square-foot ballroom and approximately 21,500 square feet of meeting and event space. The hotel is located at 8500 W. Bryn Mawr Ave.

August 16, 2016

Illinois Midwest Retail

Baum Realty Brokers $7.2M Sale of 24,000 SF Retail Space in Chicago’s West Loop

by Christina Cannon August 16, 2016

CHICAGO — Baum Realty Group LLC has brokered the sale of 24,000 square feet of ground-floor retail space at 1000 W. Washington Blvd. in Chicago’s West Loop neighborhood for $7.2 million. A partnership between R2 and Marc Realty Capital acquired the property from a local developer. Existing tenants include French restaurant La Sardine and Subway. The property, which includes 10 parking spaces, has 18,000 square feet available for lease. Danny Spitz and Greg Dietz of Baum Realty represented the seller in the transaction, and Doug Renner and Trevor Jack of Baum Realty have been retained to market the property.

August 16, 2016

Michigan Midwest Restaurant Retail

Wahlburgers Opens New Location in Detroit’s Greektown Neighborhood

by Christina Cannon August 16, 2016

DETROIT — Wahlburgers has opened a new restaurant at 569 Monroe St. in Detroit’s Greektown neighborhood. The two-story, 4,200-square-foot burger joint includes a full bar and will serve lunch and dinner daily. This is the chain’s first location in Michigan, but there are plans for six more. Wahlburgers also has locations in Florida, Massachusetts, Nevada, New York, Pennsylvania and Canada. Wahlburgers was founded by chef Paul Wahlburg, brother of celebrities Mark and Donnie Wahlburg, who are actors and singers. The trio star in the A&E reality TV show “Wahlburgers”.

August 16, 2016

Illinois Midwest

McShane Completes 32,000 SF Arts and Recreation Center in Chicago’s Bronzeville Neighborhood

by Christina Cannon August 16, 2016

CHICAGO — McShane Construction Co. has completed the 32,000-square-foot Arts and Recreation Center at Ellis Park. The two-story facility is located in Chicago’s Bronzeville neighborhood and features a gymnasium, indoor swimming pool, fitness center, music and theater performance spaces, and additional spaces for art, education and community use. The building, located at 3520 S. Cottage Grove Ave., also includes a rooftop terrace. The Community Builders Inc. and Quad Communities Development Corp. were the project developers. Booth Hansen and NIA Architects Inc. provided design services.

August 16, 2016

Midwest Retail Wisconsin

Mid-America Arranges Sale of 69,749 SF Shopping Center Near Milwaukee

by Christina Cannon August 16, 2016

WAUWATOSA, WIS. — Mid-America Real Estate Corp. has brokered the sale of a 69,749-square-foot shopping center in Wauwatosa, a western suburb of Milwaukee, for an undisclosed price. Newport Capital Partners purchased the Pick ’n Save Center from a joint venture between DRA Advisors LLC and RCG Ventures. The center is anchored by Pick ’n Save, and other tenants include Mattress Firm, Supercuts and Firehouse Subs. Ben Wineman and Dan Rosenfeld of Mid-America represented the seller in the transaction.

August 16, 2016

Illinois Midwest Multifamily

JDL Development Opens 469-Unit Luxury Apartment Tower in Chicago’s South Loop

by Christina Cannon August 15, 2016

CHICAGO — JDL Development has opened 1000 South Clark, a 469-unit luxury apartment tower in Chicago’s South Loop neighborhood. The 29-story building boasts 43,000 square feet of amenity space that includes a 20,000-square-foot outdoor terrace with grilling stations; an indoor/outdoor pool and rooftop running track; a 10,000-square-foot fitness center; basketball and racquetball courts; a virtual golf simulator and putting area; a library lounge and wine bar; chef’s demonstration kitchen; a game room and billiards lounge; neighborhood bar room with customizable beer taps; news room and media lounge; and a board room with business center. The property also includes a four-story parking garage with space for 327 vehicles and a landscaped outdoor dog park and Bark on Clark, a full-service, privately run pet care and boarding facility. Currently 60 percent leased, 1000 South Clark offers studio, one-, two- and three-bedroom units that range from 512 to 2,730 square feet. Rents start at $1,895 and reach $7,000 per month. Additionally, the community features six three-bedroom rental townhomes, each with 3.5 baths and attached two-car garages.

August 15, 2016

Midwest Minnesota

Ryan Cos. Completes 50,000 SF Minnesota Autism Center

by Christina Cannon August 15, 2016

EAGAN, MINN. — Ryan Companies US Inc. has completed an expansion of the Minnesota Autism Center (MAC) in Eagan, approximately 20 miles south of Minneapolis. The new two-story, 50,000-square-foot school is located on 6.5 acres directly west of MAC’s existing school building. The new facility features a gymnasium, breakout spaces, a media center, green spaces, a track, baseball field, cafeteria and also provides room for an additional 150 students and 130 staff members. Slated to open this September, the school will offer education services and therapeutic support for children, adolescents, and families affected by Autism Spectrum Disorders. RSP Architects the project designer, and Ryan Cos. provided development, civil engineering and construction services.

August 15, 2016

Loans Midwest Minnesota Multifamily

Dougherty Mortgage Closes $6.2M Fannie Mae Loan for Apartment Property in Minneapolis

by Christina Cannon August 15, 2016

MINNEAPOLIS — Dougherty Mortgage LLC has closed a $6.2 million Fannie Mae loan to refinance a 31-unit apartment property in the Linden Hills neighborhood of Minneapolis. Elements of Linden Hills features tempered underground parking, a fitness center, bike storage and a pet wash room. Unit amenities include washers and dryers, granite countertops, stainless steel appliances and gas stovetops. The 12-year loan features four years of interest-only payments and a 30-year amortization schedule. Linden Hills Apartments LLC was the borrower.

August 15, 2016

Newer Posts

Older Posts