Midwest

Vineyard Vines Opens First Ohio Store at Easton Town Center

by Danielle Everson February 18, 2015

COLUMBUS — Vineyard Vines, a clothing and accessories retailer, has opened a 3,000-square-foot store at Easton Town Center in Columbus. The retailer leased space at the property located at 160 Easton Town Center. The store is the brand’s third Midwest location after Chicago and St. Louis. The Georgetown Co. and Steiner + Associates developed Easton Town Center, a 1.7 million-square-foot shopping center that opened in 1999. Vineyard Vines plans to open 10 more stores in major markets throughout the U.S. by the end of 2015.

February 18, 2015

Hospitality Midwest Minnesota

Carey Watermark Investors Acquires Westin Minneapolis for $66.4 Million

by Danielle Everson February 17, 2015

MINNEAPOLIS — Carey Watermark Investors Inc. has acquired the Westin Minneapolis hotel for $66.4 million. The full-service hotel includes 214 guestrooms and is located in downtown Minneapolis. The acquisition was financed with $43.5 million of debt. The Westin Minneapolis, originally built as the Farmers & Mechanics Bank building in 1942, formerly served as a bank hall and was repurposed in 2007 as the hotel’s lobby. The hotel features 34-foot vaulted ceilings, a marble staircase and wood-carved emblems signifying the leading industries of the World War II era. As part of the 2007 redevelopment, the adjoining office building was fully reconfigured to house the hotel’s guestrooms and meeting space. The hotel will continue to be managed by HEI Hotels & Resorts, a hospitality owner/operator that owns and manages 41 full-service, upper-upscale, luxury and premium select-service hotels and resorts throughout the U.S.

February 17, 2015

Indiana Midwest Retail

Baceline Investments Acquires Retail Center in Indianapolis for $2.5 Million

by Danielle Everson February 17, 2015

INDIANAPOLIS — Baceline Investments LLC has acquired Madison & Edgewood Shoppes, a 48,716-square-foot retail center in Indianapolis, for $2.5 million. The property is located at 5855 Madison Ave. Baceline Investments acquired the property from Florida-based HPH FUND I D4 LLC, an affiliate of HPH Capital Management LLC. The property was 68 percent occupied at the time of sale. Tenants include Great Clips, Edward Jones, Hallmark and Edgewood Family Dental. The retail center’s anchor tenant, Kroger, is not part of the acquisition.

February 17, 2015

Midwest Missouri Retail

Chambers Real Estate Services Arranges Sale of 112,000 SF Shopping Center

by Danielle Everson February 17, 2015

SPRINGFIELD, MO. — Chambers Real Estate Services LLC has arranged the sale of a 112,000-square-foot shopping center in Springfield. A local investor purchased the property for an undisclosed price. Brentwood Center is located at 2620-2752 S. Glenstone Ave. and is across the street from Battlefield Mall, the area’s sole regional mall. Chambers Real Estate Services represented the seller, a fourth generation family who originally developed the property.

February 17, 2015

Midwest Missouri

Holland Begins Construction on New Football Facility at Missouri Baptist University

by Danielle Everson February 17, 2015

ST. LOUIS — Holland Construction Services has begun construction on Missouri Baptist University’s new football facility and practice field in St. Louis. Holland is serving as the construction manager on the $8.2 million project, which includes the addition of an artificial turf field and an 11,500-square-foot facility, which will house coaches’ offices and locker rooms. The project is expected to be completed early this summer. Ittner Architects is providing architectural services for the project.

February 17, 2015

Industrial Midwest Ohio

Brennan Investment Group Sells Industrial Facility in Forest Park, Ohio

by Danielle Everson February 17, 2015

FOREST PARK, OHIO — Brennan Investment Group has sold a 149,760-square-foot industrial facility in Forest Park, a suburb of Cincinnati. The Class A industrial facility is fully leased to National Bedding Co. (NBC) under a long-term net lease. The property, located at 1680 Carillon Blvd., was built for NBC in 2004. NBC uses the facility to assemble and distribute Serta mattresses. The acquisition also included additional land for future expansion of the building. Ted Staszak and Mike Caprile, of CBRE, represented Brennan in the transaction.

February 17, 2015

Indiana Midwest Multifamily

Flaherty & Collins to Break Ground on $121M Luxury Apartment Complex in Indianapolis

by Danielle Everson February 16, 2015

INDIANAPOLIS — Developer Flaherty & Collins Properties will break ground on a 28-story, $121 million mixed-use luxury residential apartment tower on the north parcel of the former site of Market Square Arena. The property is located at the corner of Market and Alabama streets in downtown Indianapolis. The development consists of 292-luxury one-, two- and three-bedroom apartments. The units will feature floor-to-ceiling glass, solar shades, quartz countertops in kitchens and baths, gourmet kitchens with energy-efficient appliances that include side-by-side refrigerators and recessed balconies. Select units will include private terraces.The development, at nearly 300 feet tall, will also feature a 40,000-square-foot Whole Foods Market. A groundbreaking ceremony for the project will take place on Wednesday, Feb. 18.

February 16, 2015

Illinois Midwest Retail

Matanky Realty Group Arranges Sale of Clinton Plaza in Clinton, Ill.

by Danielle Everson February 16, 2015

CLINTON, ILL. — Matanky Realty Group has arranged the sale of Clinton Plaza, a shopping center in Clinton. A private investor purchased the property for an undisclosed sales price. The CVS-anchored plaza is composed of four retail units totaling 17,776 square feet and two outlots totaling 101,929 square feet. The property is located on Illinois Route 54, a half mile from US-51 S and across the street from Clinton High School and Richland Community College Extension Center. Terri Cox of Matanky Realty Group represented the seller, a private Chicago-based real estate corporation.

February 16, 2015

Illinois Midwest Office

Morgan/Harbour Completes 20,000 SF Office Build-Out in Downers Grove, Ill.

by Danielle Everson February 16, 2015

DOWNERS GROVE, ILL. — Morgan/Harbour has completed a 20,000-square-foot office renovation for LexTech Global Services in Downers Grove. The property is located at 1431 Opus Place within the Executive Towers West I building. LexTech, an enterprise mobile app development firm, is relocating its headquarters to this property from 3080 Ogden Ave. in Lisle, Ill. The build-out included the addition of 27 private offices, large collaboration areas, six conference rooms, 15 team rooms and video conferencing rooms. Features of the new space include exposed construction ceilings, fabric panel ceilings, LED light fixtures and custom millwork throughout. Morgan/Harbour’s construction team included Ben Warriner Sr., Andy MacMillan, Noah Warriner, Marrico Crum and Tom Sawa. Newman Architecture provided architectural services for the project.

February 16, 2015

Illinois Industrial Midwest

HSA Commercial Real Estate Arranges 147,625 SF Industrial Lease in Metro Chicago

by Danielle Everson February 16, 2015

AURORA, ILL. — HSA Commercial Real Estate represented Denver-based Industrial Income Trust Inc. in a long-term, 147,625-square-foot lease with Casio America Inc. at 1203 Bilter Road in Aurora, a suburb of Chicago. Casio, a manufacturer and seller of consumer electronic devices, will relocate from Glendale Heights, Ill., and will utilize the Aurora facility for its regional distribution operations. HSA Commercial developed the 294,740-square-foot Bilter Road facility in 2007 and sold the property to Industrial Income Trust Inc. as part of a $100 million portfolio sale in 2010. The facility features 30-foot clear heights and is near I-88. Andy Corken of The Modal Group represented Casio America Inc. in the lease transaction. Timothy Thompson of HSA Commercial represented Industrial Income Trust.

February 16, 2015

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