Midwest

Mid-America Arranges Sale of Waynetown Plaza in Huber Heights, Ohio

by Danielle Everson April 21, 2015

HUBER HEIGHTS, OHIO — Mid-America Real Estate Corp. has arranged the sale of Waynetown Plaza located in Huber Heights, a suburb of Dayton. Baltimore-based Broad Reach Retail Partners purchased the 192,332-square-foot, grocery-anchored center. Waynetown Plaza is located at the southwest corner of Old Troy Pike (State Route 22) and I-70. Kroger anchors the shopping center. Other tenants include a Buffalo Wild Wings, TGI Friday’s, Chipotle, Burger King and Davita Dialysis. Ben Wineman of Mid-America and Chris Conley of Oberer Realty Services Ltd. represented the seller, a private investment group.

April 21, 2015

Midwest Nebraska Retail

Block & Co. Arranges 44,327 SF Lease for Best Buy in Omaha, Neb.

by Danielle Everson April 21, 2015

OMAHA, NEB. — Block & Co. Inc. Realtors in Kansas City has arranged a 44,327-square-foot retail lease for Best Buy in Omaha. The electronics store will occupy space at Heritage Plaza Shopping Center at 115 N. 76th St. Other tenants at the shopping center include Buffalo Wild Wings, Chuck E. Cheese’s, Charleston’s Restaurant and Command Center. Best Buy plans to open during the fourth quarter. David Block of Block & Co. negotiated the lease transaction on behalf of the landlord.

April 21, 2015

Industrial Midwest Wisconsin

M&M Arranges $33M Sale of Two Industrial Buildings in Franklin, Wis.

by Danielle Everson April 20, 2015

FRANKLIN, WIS. — Marcus & Millichap has arranged the $33 million sale of two industrial buildings totaling 418,000 square feet in Franklin, approximately 20 miles south of Milwaukee. The properties are 1 and 2 World Packaging Circle, located within the 425-acre Franklin Business Park with frontage on South Oakwood Park Drive and Ryan Road. The property has access to I-94, I-894, U.S. Highway 41, U.S. Highway 45 and State Trunk Highway 36. The two facilities were built of precast tilt-up concrete on 37.6 acres in 2006. Features at the properties include 30-foot to 40-foot ceiling heights, enclosed docks, two 75-ton cranes, two 10-ton cranes and heated underground parking. Thomas Kopatich of Marcus & Millichap’s Milwaukee office represented the seller, a local business person, and the buyer, a private equity fund.

April 20, 2015

Michigan Midwest Retail

Founder of Taubman Centers Passes Away

by Danielle Everson April 20, 2015

BLOOMFIELD HILLS, MICH. — A. Alfred Taubman, the founder of Taubman Centers Inc., has died at the age of 91. Robert S. Taubman, president and CEO of Taubman Centers, shared in an email message to Taubman employees on Saturday, April 18, that his father passed away of a heart attack at his home in Bloomfield Hills. Recognized as a pioneer in America’s retailing and shopping center industries, Alfred Taubman founded Taubman Centers, a real estate developer and operator of upscale regional malls, 65 years ago. Taubman, a life-long resident of the Detroit area, was active in numerous businesses, philanthropic and civic initiatives.

April 20, 2015

Loans Michigan Midwest

Pillar Originates $7M Loan for Multifamily Property in Auburn Hills, Mich.

by Danielle Everson April 20, 2015

AUBURN HILLS, MICH. — Pillar has arranged a $7 million Freddie Mac loan for Auburn Square, a multifamily property located in Auburn Hills. David Wilkins of Pillar’s Bloomfield Hills office originated the 10-year, fixed-rate loan, which includes a 30-year amortization schedule. The 97-unit apartment building is located less than a mile from Fiat Chrysler Automobiles’ world headquarters. The property is fully leased at market rates.

April 20, 2015

Healthcare Illinois Midwest

Reed Construction Breaks Ground on Riverside Medical Center

by Danielle Everson April 20, 2015

FRANKFORT, ILL. — Reed Construction has broken ground on the Riverside Medical Center, a 20,755-square-foot medical office building for Riverside Healthcare in Frankfort. The project site is located on a 25-acre plot at the corner of U.S. Highway 45 and Steger Road. Reed will build a single-story, masonry medical office facility that will include exam rooms, CT imaging, EKG facilities and infusion bays for Riverside Healthcare. In addition, Reed will complete over 20 acres of site improvements and infrastructure for future development on the property. Project leaders participated in a groundbreaking ceremony at the site on April 15. Proteus Group will provide architectural services for the project, which is set for completion this fall.

April 20, 2015

Industrial Michigan Midwest

Friedman Arranges 14,650 SF Industrial Lease in Novi, Mich.

by Danielle Everson April 20, 2015

NOVI, MICH. — Friedman Integrated Real Estate Solutions has arranged the lease of a 14,650-square-foot industrial space in Novi. The property is located at 40230 Grand River Ave., Suite 200. The landlord, Grand River Novi Hall Properties LLC, leased the space to Camelot SI LLC, doing business as Sharper Image. Phil Konopitski of Friedman represented the tenant in the transaction.

April 20, 2015

Iowa Loans Midwest Multifamily

NorthMarq Arranges $7.3M in Refinancing for Apartments in Ankeny, Iowa

by Danielle Everson April 17, 2015

ANKENY, IOWA — NorthMarq Capital has arranged $7.3 million in refinancing for The Apartments at Prairie Lakes in Ankeny. The recently completed 92-unit multifamily property is located at 1603 Prairie Lakes Drive. Jason Kinnison of NorthMarq Capital’s Omaha office structured the fully amortizing 25-year term loan for the borrower through a life insurance company.

April 17, 2015

Illinois Midwest Office

Podolsky|Circle CORFAC International Arranges Lease for Law Firm in Oak Brook, Ill.

by Danielle Everson April 17, 2015

OAK BROOK, ILL. — Podolsky|Circle CORFAC International has arranged the lease of a 3,191-square-foot office within The Drake Oak Brook Office Plaza in Oak Brook. The law offices of Engler, Baasten & Sraga will occupy the space located at 2215 York Road. The office space will serve as the firm’s corporate headquarters. Built in 1981, The Drake Oak Brook Office Plaza is a 252,000-square-foot building situated on more than nine acres. The property includes a 388-space parking garage. Corey Chase and Kyle McKechnie of Podolsky|Circle CORFAC International represented the tenant. Steve Flashbart of Jones Lang LaSalle represented building ownership, OB I LLC, in the transaction.

April 17, 2015

Loans Midwest Multifamily Wisconsin

Hunt Mortgage Group Refinances Multifamily Property in Platteville, Wis.

by Danielle Everson April 17, 2015

PLATTEVILLE, WIS. — Hunt Mortgage Group has arranged a $3.4 million Fannie Mae loan facility to refinance Prairie View Apartments, a 56-unit multifamily property in Platteville. The property is located at 1300, 1350, 1365 and 1435 Cody Parkway. Prairie View Apartments includes efficiency, one-, two- and three-bedroom units. The 12-year loan includes a 30-year amortization schedule. Hunt Mortgage Group arranged the loan for the borrower, a Wisconsin-based limited liability company that was formed in April 2008 and is backed by Robert Cody. Cody owns R. Cody Real Estate Development, a full service real estate development company.

April 17, 2015

Newer Posts

Older Posts