Midwest

Hunter Pasteur Homes Breaks Ground on 92-Unit Condominium Complex in Ann Arbor

by Christina Cannon October 13, 2015

ANN ARBOR, MICH. — Hunter Pasteur Homes recently broke ground on a new condominium community in Ann Arbor. Arbor Chase will consist of 12 buildings with a total of 92 condominiums. Each building will feature up to eight units with sizes ranging from 1,290 square feet to 1,550 square feet. Each unit will include two bedrooms and up to two-and-a-half baths. Amenities include private entrances, private parking, updated flooring, granite countertops, tiled showers and studio ceilings on the second floor. Sales prices range from $225,000 to $255,000 per unit. Completion of the first buildings is slated for early 2016.

October 13, 2015

Midwest Office Ohio

Marcus & Millichap Brokers $3.8M Sale of 19,910 SF Medical Office Property in Suburban Columbus

by Christina Cannon October 12, 2015

GAHANNA, OHIO — Marcus & Millichap has arranged the sale of a 19,910-square-foot medical office property in Gahanna, a Columbus suburb. The Stonybrook Medical Center sold for $3.8 million. John P. Reehil of Marcus & Millichap represented the undisclosed seller. Michael Barron, Dan Burkons, Josh Wintermute, Richard Lattro and Jordan Marshall represented the undisclosed buyer. The property, located at 5175 Morse Road, is 77 percent occupied. Tenants include Ohio State University Otolaryngology, COPCP, Smith Facial Plastics and Advanced Dental.

October 12, 2015

Loans Midwest Nebraska Retail

Q10 | Daisley Ruff Financial Corp. Arranges $2.5M Refinancing for Retail Center in Lincoln, Neb.

by Christina Cannon October 12, 2015

LINCOLN, NEB. — Q10 | Daisley Ruff Financial Corp. has arranged a $2.5 million refinancing loan for Meadowlane Shopping Center in Lincoln. The property consists of a 34,600-square-foot retail strip center, a 6,000-square-foot freestanding retail building and a 27,389-square-foot mixed-use building. Ace Hardware anchors the strip center. Other tenants of the strip center include Honest Abe’s, Great Wall, The Fit Canine and Slideware Electronics. Subway and One More Bar are the tenants in the freestanding building. Steve Ruff and Eric Petersen of Q10 | Daisley Ruff Financial Corp. arranged the transaction. The long-term, fixed-rate loan is fully amortizing. The lender, borrower and all other details of the transaction were undisclosed.

October 12, 2015

Illinois Midwest Office

Sterling Bay to Develop 207,000 SF Office Build-to-Suit in Chicago for C.H. Robinson

by Christina Cannon October 12, 2015

CHICAGO — Sterling Bay has unveiled plans to develop a 207,000-square-foot office building in Chicago. The build-to-suit property is located at 1511 W. Webster in the Lincoln Park neighborhood. Sterling Bay acquired the 4.1-acre site earlier this year and will be the developer and manager of the property. The three-story building will become the new headquarters for C.H. Robinson, which has signed a 15-year lease for the entire property. The relocation will provide C.H. Robinson, the largest logistics company in Chicago, with 47,000 more square feet than it occupies in its current lease at 1840 N. Marcey St. Occupancy is slated for late 2018.

October 12, 2015

Industrial Midwest Wisconsin

The Dickman Co./CORFAC International Arranges Sale of 74,600 SF Industrial Property in Waukesha, Wis.

by Christina Cannon October 12, 2015

WAUKESHA, WIS. — The Dickman Company Inc. / CORFAC International has brokered the sale of a 74,600-square-foot industrial property for an undisclosed price. The building is located at 809 Philip Drive in Waukesha, approximately 20 miles west of Milwaukee. JDS Leasing LLC sold the building to GRE-Milwaukee LLC for an undisclosed price. Samuel Dickman, Samuel Dickman Jr. and Zach Noble of The Dickman Co. represented the buyer. Roger Siegel of JLL represented the seller.

October 12, 2015

Illinois Midwest Retail

Cooper Commercial Brokers $5.1M Sale of 60,392 SF Retail Facility in Chicago Suburb

by Christina Cannon October 12, 2015

MIDLOTHIAN, ILL. — Cooper Commercial Investment Group has brokered the sale of a 60,392-square-foot retail center located in Midlothian, a suburb 20 miles southwest of downtown Chicago. The multi-tenant Mid Oak Shopping Center sold for $5.1 million. The facility is anchored by Charter Fitness and shadow anchored by Walgreens. Dan Cooper of Cooper Commercial Investment represented the undisclosed seller. The buyer was also undisclosed. Mid Oak Shopping Center was 74 percent occupied at the time of sale.

October 12, 2015

Illinois Midwest Missouri

Associated Bank Provides $14.4M in Loans for Self Storage Facility, Parking Project

by Christina Cannon October 9, 2015

SKOKIE, ILL. AND ST. LOUIS, MO. — Associated Bank has financed the development of a new storage facility and parking garage for $14.4 million. Metro Storage received $8.1 million to acquire and reposition a vacant retail center at 3240 W. Touhy Ave. in Skokie, Ill., a Chicago suburb. The facility will be converted into 83,000 square feet of self-storage units that are climate-controlled. Metro Storage currently operates in 12 states. Green Courte Partners and The Parking Spot received $6.3 million for the acquisition and repositioning of a 1,758-space parking garage at Lambert-St. Louis International Airport in St. Louis. Edward Notz of Associated Bank arranged both loans.

October 9, 2015

Midwest Office Ohio

Marcus & Millichap Arranges $4.4M Sale of Medical Office Building in Columbus Suburb

by Christina Cannon October 9, 2015

PICKERINGTON, OHIO — Marcus & Millichap has arranged the sale of a 12,539-square-foot medical office building for $4.4 million in Pickerington, a Columbus suburb. Scott Niedergang and Gino Lollio of Marcus & Millichap represented the seller, Stage Equity Partners LLC. Charlie Hampton III of Marcus and Millichap represented the undisclosed buyer in the transaction. Pediatric Associates is the tenant.

October 9, 2015

Illinois Midwest Office

Bradford Allen, Essex Broker $4.2M Sale of 27,000 SF Office Building in Chicago

by Christina Cannon October 9, 2015

CHICAGO — Bradford Allen Realty Services and Essex Realty Group have brokered the sale of a 27,000-square-foot office building located at 925 W. Chicago Ave. for $4.2 million. Laurence Elbaum of Bradford Allen and Jason Fishleder of Essex represented the seller, Gamla Cedron Group. The buyer was undisclosed. The three-story building was 66 percent occupied at the time of sale. Tenants include The Lab Dance Studio and Proline Golf. The loft building was originally built in 1905 and was renovated in 2013.

October 9, 2015

Iowa Loans Midwest Multifamily

NorthMarq Capital Secures $1.8M Refinancing for Three Multifamily Properties in Iowa

by Christina Cannon October 9, 2015

CEDAR RAPIDS AND MERION, IOWA — NorthMarq Capital has secured a $1.8 million refinance loan of three multifamily properties located in Iowa. The three properties include a combined 64 units. Westcove Apartments, Kimberly Square and Residence on 11th are the three communities that were refinanced. The transaction was structured with a fully amortizing 20-year term. All other details of the transaction were undisclosed.

October 9, 2015

Newer Posts

Older Posts