LAKE FOREST, ILL. — Marcus & Millichap has arranged the $4.3 million sale of The Fresh Market, a 16,491-square foot net-leased property located in Lake Forest. The Fresh Market is located at 850 N. Western Ave. The property underwent renovations in 2008 and 2009. Dominic Sulo, Sean Sharko and Austin Weisenbeck of Marcus & Millichap’s Chicago Oak Brook office represented the seller, a private investor. Sharko, Weisenbeck and Adrian Mendoza, also of the firm’s Chicago Oak Brook office, represented the buyer, a limited liability company.
MILWAUKEE — Mortara Family Properties LLC, doing business as Mortara Instrument, has purchased an 8,020–square-foot industrial building in Milwaukee. Glenbeigh Properties LLC sold the asset located at 8585 W. Bradley Road for an undisclosed sales price. Mortara Instruments supplies electrocardiography products to healthcare providers. The company owns the lot next to this property and plans to combine the two properties and build a new facility. James Young of DTZ Barry represented Glenbeigh Properties. Michael DeMichele of DeMichele Co. represented Mortara Instrument.
BLAINE, MINN. — Transwestern’s Chicago office has brokered the sale of a 221,239-square-foot shopping center in Blaine. The Village of Blaine Shopping Center is located at 4345 – 4349 Pheasant Ridge Road. Pine Tree Commercial Realty LLC paid an undisclosed amount for the property. A Cub Foods grocery store anchors the shopping center. Other tenants in the 13-year-old center include Michaels, Applebee’s, Pier 1 Imports, DressBarn, Sprint, Maurices, Caribou Coffee, Bath & Body Works, GNC and Great Clips. Janice Sellis and Paul Barile of Transwestern represented the seller, MEPT, and its real estate advisor, Bentall Kennedy. Pine Tree Commercial Realty was represented internally in the transaction.
CLEVELAND HEIGHTS, OHIO — NAI Daus has arranged the $1.3 million sale of a 50-unit apartment complex in Cleveland Heights. The apartment property is located at 2734 Noble Road. Boston, Mass.-based Noble Summit Apartment Properties LLC purchased the property. Alec Pacella of NAI Daus represented the seller, Noble Summit I&II LLC.
FAIRVIEW HEIGHTS, ILL. — L3 Corp. has arranged the lease of a 28,000-square-foot retail space in Fairview Heights. Fresh Thyme Markets will occupy space within the Fairview Heights City Centre located at 6569 N. Illinois St. Fresh Thyme Markets leased the space from Fairview Heights 881 Fee LLC. L3 Corp. represented the tenant in the transaction.
CHICAGO — @properties Commercial has arranged two retail leases at Westport Commons Shopping Center in Chicago’s Ashburn neighborhood. Westport Commons Shopping Center is located at 3302 W. 87th St. Greg Stein of Bialow Real Estate represented fashion retailer VILLA in a 10-year lease for 5,000 square feet of space. Todd Cabanban of Cabanban Rubin and Mayberry Commercial Realty represented Simply Fashions in a five-year lease for 3,500 square feet. The 180,000-square-foot shopping center is 96 percent leased. Mike Rourke of @properties Commercial represented Westport Associates LP in the two retail leases.
WIXOM, MICH. — Newmark Grubb Knight Frank (NGKF) has arranged the lease of a 117,709-square-foot manufacturing facility in Wixom. ATW Automation Inc. is relocating its Michigan manufacturing facility from 12841 Stark Road in Livonia, Mich., to this facility located at 31077 Durr Drive. The Ontario-based company designs and builds factory automation solutions. Anthony Avendt, Rob Renaud and Cam Graham of NGKF represented ATW in the lease. The building is situated on more than 12 acres and includes 27,800-square-feet of office and administrative space. ATW will take occupancy of the new facility immediately and is currently working with the city of Wixom to rename the street in honor of its long-term commitment to the community and its clients.
MONROE, OHIO — Monmouth Real Estate Investment Corp. has acquired a new 232,200-square-foot industrial building in Monroe for $13.4 million. The build-to-suit property is located at 201 Exploration Drive, and is net leased to UGN Inc., a supplier of parts for the Japanese automotive industry, for 15 years. The building is situated on more than 22 acres and is expandable by an additional 155,000 square feet. The Class A industrial facility is located off I-75 and is in close proximity to Honda and Toyota’s U.S. headquarters.
ROUND LAKE BEACH, ILL. — Lee & Associates has arranged the $12.7 million sale and purchase of an 87,000-square-foot Kohl’s store located at 230 E. Rollins in Round Lake Beach. Al Apuzzo of Lee & Associates – North San Diego County represented the buyer, Nipoti LLC, which purchased the property as part of a 1031 exchange. Ryan Barr and Ryan Bennett of Lee & Associates – North San Diego County, and founders of Barr & Bennett Net Leased Investment Group, represented the seller, Cadillac-Sand Realty LLC. The buyer plans to hold the property indefinitely. Kohl’s has more than 10 years left on its lease.
EVANSTON, ILL. — The Dow Hotel Co. (DHC) has completed the $8.6 million renovation of the 269-room, Hilton Orrington/Evanston. The hotel is located at 1710 Orrington Ave., just north of Chicago in the North Shore district. All guest rooms and baths were completely renovated to include new carpeting, televisions, furniture, lighting, beds, bedding, showers and tiling. The hotel’s 12,000-square-foot conference center, as well as its additional 20,000 square feet of meeting space, which includes the famous Grand Orrington Ballroom, were also upgraded with new furniture, art and carpeting. The hotel public space also was reconfigured to create new private dining areas as well as new carpeting and lighting. DHC and The Carlyle Group’s Carlyle Realty Partners VI own the hotel. DHC will also operate the property. DHC is a hotel owner/investor and operator.