KANSAS CITY, KAN. — Indiana-based skilled nursing developer Mainstreet and California-based operator The Ensign Group Inc. have opened The Healthcare Resort of Kansas City, a brand new 100-bed skilled nursing facility in Kansas City. Construction started on The Healthcare Resort of Kansas City in April 2014 and was completed in September 2015. The 71,626-square-foot community cost $11.2 million to develop.
ROSELLE, ILL. — Colliers International has arranged three leases totaling 290,925 square feet in Roselle, a northwest Chicago suburb, on behalf of a joint venture between Panattoni Development Co. and LaSalle Investment Management. Aquion Inc. signed a 91,049-square-foot, long-term lease for a property located at 101 Gary Ave. in Turnberry Lakes Business Park. Aquion will be relocating its world headquarters from 2080 Lunt in Elk Grove Village to the new facility. Todd Heine and Tom Curtis of Avison Young represented Aquion, a manufacturer and marketer of water treatment equipment and water quality solutions. RBI Bearing Inc. signed a 45,750-square-foot, long-term lease in the same building. Jonathan Kohn and John D’Orazio of Colliers International represented the tenant, a manufacturer of ball bearings, castings, mounted units and custom machine parts. Affordable Office Interiors leased a 154,126-square-foot building located at 501 Gary Ave. Mike Sedjo and Dan Bessey of CBRE represented the tenants. All three tenants are expected to move into their spaces during the first quarter of 2016. These completed deals will bring the five-building Turnberry Lakes Business Park to full occupancy.
LAKE GENEVA, WIS. — Quantum Real Estate Advisors Inc. has brokered the $1.3 million sale of a 14,091-square-foot retail center in Lake Geneva. The property, located at 800 N. Edwards Blvd., was 70 percent leased at the time of sale. Tenants include Maurice’s, Sally Beauty Supply and Mattress Firm. The undisclosed seller is a Minnesota-based owner, and the undisclosed buyer is a New York-based fund. Chad Firsel and Daniel Waszak of Quantum were the sole brokers in the transaction.
BLOOMINGTON AND LOMBARD, ILL. — Mid-America Asset Management Inc. has arranged two retail leases in separate transactions in Illinois. Dick’s Sporting Goods has signed a 49,957-square-foot lease at Colonial Plaza in Bloomington. The 241,340-square-foot shopping center also includes Ashley Furniture and Cato Fashions. Katie Hennegan and Samantha Spinell Schnell of Mid-America represented the landlord. Tim Miller and Jon Reese of Great Street Realty represented Dick’s. In the second transaction, Anytime Fitness has inked a deal for 5,926 square feet at Highlands of Lombard in Lombard. Other tenants in the 21,071-square-foot facility include Potbelly Sandwich Shop and Performance Bike. The shopping center is shadow anchored by The Dump. Paige Schiesser, Samantha Spinell Schnell and Angela Gasbarro of Mid-America represented the landlord. Jim Runyon of Franchise Real Estate represented the tenant.
CHICAGO — Fifield Cos. has broken ground on The Sinclair in Chicago’s Gold Coast neighborhood. The 390-unit, transit-oriented luxury apartment tower — which will also include a grocery store — is slated for completion in the summer of 2017. The 35-story building will offer studio, one-, two-, three- and four-bedroom residences, with individual units ranging from 550 to 2,500 square feet. Unit amenities include plank flooring, quartz countertops, glass tile backsplashes, Grohe faucets, GE stainless steel appliances, Nest programmable thermostats and in-unit washers and dryers. Community amenities include a pool and spa, cabanas and grilling areas, a fitness club with yoga studio, a screening room, a demonstration kitchen and party room, a Starbucks coffee bar, business center, conference room and children’s playroom stocked with toys and games. The building will also include a 55,000-square-foot retail space leased by Jewel-Osco. The Sinclair will be located adjacent to the Chicago Transit Authority’s Red Line station at Clark and Division streets and serviced by several CTA buses. Solomon Cordwell Buenz is the building’s principal architect and interior designer. McHugh Construction will serve as the general contractor for the project.
DES PERES, MO. — Sansone Group has reacquired Olympic Oaks Village in Des Peres, a western suburb of St. Louis, for $22 million. Olympic Oaks Village was originally a 7.7-acre, $5.5 million retail development completed by Sansone Group in 1988. The 91,000-square-foot retail center, located a half-mile east of I-270 on Manchester Road, originally included Walgreens, T.J. Maxx, Michaels and the Sansone Group headquarters. In 1998, Sansone sold the building to DDR Corp. for $11.1 million but continued to lease and manage the property before reacquiring it from DDR. The shopping center has gone through several renovations and expansions and now spans 92,372 square feet. Current tenants include European Wax Center, Jersey Mike’s, Rally House, Sally Beauty Supply, Great Clips, Massage Envy, Salon Genesis, Lane Bryant, Edible Arrangements, Nail Pro and Thompson Price Kitchen & Bath.
LAKE ZURICH, ILL. — CBRE National Senior Housing has arranged an $18.3 million construction loan for a joint venture between Pathway Senior Living and Virtus Real Estate Capital. The joint venture will build Azpira Place of Lake Zurich, a 120-unit assisted living community in the Chicago suburb of Lake Zurich. The Class A, 105,000-square-foot, three-story community will be situated on a 5.8-acre parcel. Aron Will, executive vice president of CBRE National Senior Housing, arranged the four-year, floating-rate loan through a regional bank. The loan includes 36 months of interest-only payments. Pathway Senior Living is a Chicago-based firm founded in 1997. The company operates 20 seniors housing communities, primarily in the Chicago area. Virtus is a private equity sponsor based in Austin, Texas.
WESTERVILLE, OHIO — Cushman & Wakefield has brokered the sale of an office building in Westerville, a northeastern suburb of Columbus. Linda Aselin of Powell, Ohio, sold the 14,993-square-foot, Class B asset to 575 Westar Crossing LLC for $1.4 million. The facility was built in 2003 and is located at 575 Westar Crossing. Todd Barcus and John Boll of Cushman & Wakefield represented the seller. The building was constructed for National Auto Care Corp. in 2004, but NAC recently downsized and moved out of the building. The new owner plans to invest in the property and create a multi-tenant complex.
GRAND RAPIDS, MICH. — NAI Wisinski of West Michigan has arranged the lease of a 1,482-square-foot office property in Grand Rapids. Lectronix Inc. signed a five-year lease at an office property located at 2627 E. Beltline Ave. The facility was formerly a Bank of America retail branch and will now serve as the engineering and design center for Lectronix. Mary Anne Wisinski Rosely and Jason Makowski of NAI Wisinski represented the landlord, Goudzwaard Financial Center LLC. Patrick Mohney of Berkshire Hathaway represented the tenant. Lectronix will occupy the building starting Nov. 1 of this year.
WILDWOOD, MO. — The City of Wildwood has opened The Grove, a $3.7 million community park located in Wildwood, a western St. Louis suburb. The Grove is the first phase of a new project, Wildwood Community Park, which will span 66 acres when complete and is estimated to cost $20 million. The Grove is a seven-acre play area that aims to blend modern amenities with natural elements. Construction began in 2014 and was completed this past August. Oates Associates designed and developed the master plan for the Wildwood Community Park in 2010. The Grove includes a parking area, trails, an exercise area, a pavilion, picnic areas, gardens and a dog park complete with agility elements. The natural elements of the playground include rock walls and ledges, a teepee, log piles and posts, climbing structures, rope nets, boardwalks and a 20-foot tower. The city will continue to develop the Wildwood Community Park in phases over the next five to 10 years as funding becomes available. Oates Associates is a multi-disciplined planning and design firm offering civil and structural engineering and architectural services, from concept through construction.