LEE’S SUMMIT, MO. — QuikTrip has expanded its presence in Lee’s Summit with three city-approved Next-Gen convenience stores. Slated for completion in 2017, the new stores represent a more than $15 million investment in the area. The new stores, which each will employ 15 to 17 people, will be located at Mulberry and Missouri Route 291, Missouri Route 291 and Missouri Route 150, and 800 NE Woods Chapel Road. The store at Mulberry and Missouri Route 291 will be new construction, while the other stores will be redeveloped into the company’s Next-Gen store format. The company’s Generation 3 stores are about 5,700 square feet, 1,000 square feet larger than typical QuikTrip stores, and create a more upscale experience. The stores include indoor and outdoor dining areas with a touchscreen for customers to place orders with baristas for hot or cold drinks, smoothies and soft-serve ice cream. Additionally, Next Gen stores also serve alcoholic beverages and fresh food offerings.
Midwest
ROCHESTER HILLS, MICH. — Bader USA has acquired an industrial building located at 2944 Waterview Drive in Rochester Hills. Bader will use the 12,000-square-foot high-tech facility to house its North American sales, technical support and research and development operations. Garry Rogers and Al Iafrate of L. Mason Capitani CORFAC International represented the buyer in the deal. The name of the seller and the sales price were not released.
CHICAGO — Essex Realty Group has arranged the sale of a seven-unit multifamily building located at 1223-25 W. Foster Ave. in Chicago’s Andersonville neighborhood. An undisclosed buyer acquired the property for $1.5 million. The walk-up building features one two-bedroom, one-bath garden apartment; four two-bedroom, one-bath apartments; and two three-bedroom, one-bath apartments. Additionally, the property features five parking spaces. Steve Livaditis, Joe Scheck and Brian Karmowski of Essex represented the undisclosed seller, while Doug Imber and Kate Varde, also of Essex, represented the buyer in the deal.
AUBURN AND FORT WAYNE, IND. — Bradley Company Commercial Real Estate has completed five transactions in Auburn and Fort Wayne. In the first transaction, Carl Diehm of Bradley represented the landlord, Cenway Center, and the tenant, Agri-Labs Inc., in the lease of 2,160 square feet of retail space at 915 Cardinal Court within Cenway Business Center in Auburn. In the second deal, Tyler Binkley of Bradley represented the Feuser Contracting Inc. in the sale of an 11,992-square-foot office building at 7702 Bluffton Road in Fort Wayne. The name of the buyer and acquisition price were not released. In the third transaction, Stanley Phillips and Kelly Castle of Bradley represented the landlord, RITS Ltd. Brokers in the lease negotiation of retail space at 6127 Stellhorn Road within Maplewood Plaza in Fort Wayne. The name of the tenant and lease size were not released. In the fourth deal, Phillips represented the landlord, Fort Wayne Associates, and Binkley represented the tenant, Phil’s Hobby Shop, in the lease of retail space located within Parkwest Center at 3938 W. Jefferson Road in Fort Wayne. In the last deal, Paul Refakis of Bradley represented the landlord, Lynn Leasing, and Kienan O’Rourke of Bradley represented the tenant, Blasius …
Adelphia Properties Facilitates $4.1M Acquisition of Retail Property in Suburban Chicago
by Amy Works
DOWNERS GROVE, ILL. — Adelphia Properties has brokered the sale of a newly constructed retail building located at 1201 Ogden Ave. in Downers Grove. A private investor acquired the property from the undisclosed developer for $4.1 million. BMO Harris Bank and Chipotle Mexican Grill occupy the 5,305-square-foot building. Simeon Spirrison and George Spirrison of Adelphia Properties represented the buyer in the deal.
CHICAGO — Shopoff Realty Investments has acquired two creative loft office commercial buildings in Chicago for an undisclosed price. At the time of acquisition, the 87,270-square-foot property at 900 N. Franklin St. was 89 percent occupied. The 76,729-square-foot building at 224 N. Desplaines St. was 92 percent occupied. The name of the seller was not released.
DOWNERS GROVE, ILL. — Metro Commercial Real Estate has arranged the lease of retail space at Butterfield Plaza in Downers Grove. Skechers has leased 8,000 square feet at the retail property. Other tenants at the center include Ross Dress for Less, Catherines, Tuesday Morning and Half Price Books. This location will be Skechers’ 16th store in the Chicagoland market. Steven Baer of Metro Commercial Real Estate represented Skechers in the transaction. The name of the landlord was not released.
Lee & Associates Arranges 1,860 SF Retail Space for Pure Barre Location in Indianapolis
by Amy Works
INDIANAPOLIS — Lee & Associates has brokered the lease of retail space at 6280 N. College Ave. in Indianapolis. An undisclosed lessee plans to open a 1,860-square-foot Pure Barre location at the site within The Broad Ripple Garage. Crystal Kennard and Scot Courtney of Lee & Associates represented the undisclosed landlord in the transaction.
Cushman & Wakefield|CRESCO Selected as Leasing Agent for Post Office Plaza in Cleveland
by Amy Works
CLEVELAND — Cushman & Wakefield|CRESCO Real Estate has been selected as the exclusive leasing agent for Post Office Plaza, located at 1500 W. 3rd St. in downtown Cleveland. Built in 1934, the property offers 476,000 square feet of office space. Formerly the M.K Ferguson Building, the property originally served as Cleveland’s main post office and is listed on the National Register of Historic Places. The property is managed by Forest City Commercial Management.
Senior Lifestyle, CA Senior Living to Develop 116-Unit Seniors Housing Community in Overland Park, Kansas
by Amy Works
OVERLAND PARK, KAN. — Senior Living and CA Senior Living are developing The Sheridan at Overland Park, an assisted living and memory care community in Overland Park. As part of the CityPlace mixed-use development, the community will feature 116 studio, one- and two-bedroom apartment homes, including assisted living and memory care units, ranging in size from 315 square feet to 920 square feet. The property will feature a bistro dining and gathering spot, chef-prepared meals, wellness monitoring, best-in-class memory care and 24-hour access to licensed care staff. The community is slated to open in early 2017. CA Senior Living is the senior housing investment and development division of Chicago-based CA Ventures.