Midwest

AMC

LOMBARD, ILL. — Leopardo Cos. Inc. has completed its 68,000-square-foot renovation of the AMC Yorktown 18 featuring AMC Red Kitchen in Lombard. The renovation was part of AMC Theatres’ strategy to enhance the overall moviegoing experience by updating several theater locations throughout its circuit. Leopardo has completed projects for the company at several locations across the country, including the AMC 600 N. Michigan 9 in Chicago. The AMC Yorktown 18 renovation consisted of the demolition and renovation of auditoriums, lobby and restrooms, as well as box office, guest services and concession areas. The auditoriums were also upgraded to include power reclining seats with tables to accommodate fast-casual dining. The renovation also included the build-out of an AMC Red Kitchen, one of only two AMC locations in the United States to feature the dining concept. The concept allows guests to enjoy a meal during a movie from their power recliner. MacGuffins, a bar and lounge that serves specialty cocktails, beer and wine, was also added during the renovation. Leopardo served as general contractor and worked in collaboration with owner’s representative Jones Lang LaSalle and BRR Architecture to complete the project.

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EastonTownCenter

COLUMBUS, OHIO — Easton Town Center, a 1.7 million-square-foot shopping center located in Columbus, has signed lease agreements with 13 new tenants that will be included in the shopping center’s new 500,000-square-foot north district, Easton Gateway. Steiner + Associates and The Georgetown Co. are the co-developers for the project. Tenants include JoS. A. Bank, The Container Store, Z Gallerie, FUSIAN, BJ’s Restaurant and Brewhouse, Payless ShoeSource, Total Comfort Shoes, European Wax Center and more. The new tenants will join Golf Galaxy, J. Alexander’s, Melt, Pies & Pints and Whole Foods, which were previously announced in December and are currently under construction. Several other major retailers have already opened at Easton Gateway development including Costco, REI, Dick’s Sporting Goods, Field & Stream and Saks Fifth Avenue Off 5th.

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JOLIET, ILL. — Marcus & Millichap has arranged the sale of 421 and 521 Kungs Way and 2414 Douglas, a 16-unit apartment property located in Joliet. The property includes one-, two- and three-bedroom units. The property features ample off-street parking. Andrean Angelov, Ryan Engle and Adam Fortino of Marcus & Millichap’s Chicago Oak Brook office represented the seller, a private investor, and the buyer, a limited liability company.

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LOMBARD, ILL. — Bradford Allen has arranged the sale of a 52,564-square-foot office building in Lombard. The three-story property is located at 1910 S. Highland Ave. and is 37 percent leased. Ryan Moen of Bradford Allen represented the undisclosed buyer in the transaction. Bill Novelli and Derek Fohl of CBRE represented the seller, RBS Citizens Bank. Bradford Allen will serve as the leasing agent and property manager for the property.

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GreenOaksAapartments

PALOS HILLS, ILL. — Dougherty Mortgage LLC has arranged a $17.3 million Fannie Mae loan for the refinance of Green Oaks Apartments, a 384-unit affordable housing property located in Palos Hills. Community amenities include laundry facilities, community room, playground and heated outdoor pool. The 10-year loan includes a 30-year amortization schedule. Dougherty’s Austin, Texas office arranged the loan for the borrower Green Oaks at Palos Hills LP.

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Westbrook-Corporate-Center

DEERFIELD AND WESTCHESTER, ILL. — Reed Construction has completed two build-outs for Arden Realty in the metro Chicago area. In the first project, Reed Construction completed a 2,500-square-foot renovation to the Star Lite Café within the Deerfield office property located at 520 Lake Cook Road. Construction featured the installation of a new ceiling and lighting as well as millwork cabinetry, point-of-sale stations and walk-in coolers. In the second project, Reed completed an interior build-out at Lifestart Fitness Center located at 2 Westbrook Corporate Center in Westchester. The project included a 1,100 square foot build-out of the existing space, which included the addition of a new locker room area with tile showers, solider surface vanities as well as new lockers. Reed’s Jason Gunderson was the principal and Jon Zawiski was the project manager for both Arden projects. Legat Architects provided architectural services for the projects.

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Ohio-Portfolio-Hampton

COLUMBUS, OHIO — Aries Capital has arranged an $11.5 million, non-recourse, CMBS loan for a portfolio of three limited-service hotels in the Columbus, Ohio area. Borrower, Andy Vasani, CEO of Ohio-based Innvite Hospitality Group, used the proceeds to refinance two hotels with a total of 188-rooms, and to acquire a 79-room Hampton Inn. Rushi Shah of Aries Capital’s Chicago office arranged the loan for the borrower. The loan features a 10-year fixed rate and a 25-year amortization schedule.

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500-Lake-Cook-Road

DEERFIELD, ILL. — Newmark Grubb Knight Frank (NGKF) has arranged the lease of 14,500 square feet at 500 Lake Cook Road in Deerfield. Market6, a provider of web-based retail collaboration applications, will occupy space within Corporate 500, a four-building office complex that includes more than 700,000 square feet of Class A office space. Market6 relocated to this space from a property at 9 Parkway North Blvd. in Deerfield. The firm also maintains an office in Cincinnati, Ohio. NGKF’s Brian Reaney and Paul Buckingham represented Market6 in the lease.

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Heartland-Rehabilitation-Hospital

OVERLAND PARK, KAN. — Carter Validus Mission Critical REIT II Inc. has acquired the Heartland Rehabilitation Hospital in Overland Park for $24.5 million. The newly built, 45-bed in-patient rehabilitation facility is located on more than four acres and measures approximately 54,568 square feet in net rentable area. The facility will provide physical, psychological, social and vocational rehabilitation services to patients. The property is fully leased to Heartland Rehabilitation Hospital LLC, which is a newly formed operating subsidiary of Post-Acute Medical LLC, an owner/operator of eight in-patient rehabilitation facilities and long-term acute care hospitals in Texas and Louisiana. PAM is an affiliate of Vibra Healthcare LLC.

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SHEBOYGAN, WIS. — Siegel Gallagher Inc. has arranged the sale of Memorial Mall, a 367,147-square-foot shopping center in Sheboygan. Meijer Stores Limited Partnership, a subsidiary of Michigan-based grocer Meijer Inc., purchased the property for $10.7 million. NRFC Memorial Holdings LLC, a subsidiary of Northstar Realty Finance Corp., sold the property, which is located at 3347 and 3353 Kohler Memorial Drive. The transaction included the acquisition of the adjoining Sears Property, which was acquired by the seller in late 2014 from Sears Holding Corp. Sears has since vacated the property. Memorial Mall was developed by Simon in 1983. Tenants include Kohl’s Department Stores, Bed Bath and Beyond and Hobby Lobby. The property was acquired by the seller through foreclosure in 2011. Siegel Gallagher Management Co. was initially the court-appointed receiver and has managed the property for the seller since 2011. John Kuhn and Matt Chappell of Siefel Gallagher represented the seller. Michael Stratis of Intrepid Properties and Robert Flood of RFP Commercial represented the buyer.

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