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Midwest

MidwestMinnesotaRestaurantRetail

M&M Arranges $2.1M Sale of 2,112 SF Taco Bell Property

by Danielle Everson

EAGAN, MINN. — Marcus & Millichap has arranged the sale of a 2,112-square-foot Taco Bell, net-leased property in Eagan. The property is located at 2000 Cliff Road. Border Foods Inc. guaranteed the lease. The property is an outparcel for Regal Cinemark Movies 16 and is adjacent to a Target Shopping Center and a Cub Foods. Dan Yozwiak and Mark Lovering of Marcus & Millichap’s Columbus office represented the seller, a limited liability company. Joubin Manoocherhi of JNM Investments in Los Angeles, Calif. represented the undisclosed buyer.

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MichiganMidwestOffice

California Investor Acquires 33,000 SF Office Building Near Southfield, Mich.

by Danielle Everson

BEVERLY HILLS, MICH. — L. Mason Capitani CORFAC International has arranged the sale of a 33,000-square-foot office building in Beverly Hills, five miles northeast of Southfield. The Berkshire Office Building is located at 31000 Lahser Road. California-based LSTC Michigan LLC purchased the building. The asking price for the property was $1.35 million, but the final selling price was undisclosed. Seven individual tenants occupy the building. Mason L. Capitani represented LSTC Michigan in the sale.

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EnglishVillage
IndianaMidwestMultifamily

Tikijian Associates Brokers $9M Sale of Apartment Complex in Indianapolis

by Danielle Everson

INDIANAPOLIS — Tikijian Associates has brokered the $9 million sale of English Village Apartments, a 208-unit apartment community in Indianapolis. The property was built in 1987. Tikijian Associates represented the seller, a privately held real estate investment firm based in New York. The buyer was an affiliate of Birge & Held Asset Management LLC, an Indianapolis-based private equity and property management firm. The buyer plans to make upgrades to the unit kitchens and bathrooms by adding upscale flooring and appliances.

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Ogden
IllinoisIndustrialMidwest

Darwin Arranges Sale of 23,164 SF Industrial Property in Westmont, Ill.

by Danielle Everson

WESTMONT, ILL. — Darwin Realty & Development Corp. has arranged the sale of a 23,164-square-foot industrial building in Westmont. The property is situated on more than two acres located at 50 W. Ogden Ave. Built in 2005, the property features 7,200 square feet of office space and 18-foot to 24-foot clear ceiling heights. George Cibula and Noel Liston represented the seller, a private investor. Brian Butler of The Butler Group represented the buyer, Breen Horizon LLC, which plans to lease the property.

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U.S.Cellular
MidwestRetailWisconsin

The Boulder Group Brokers $1.5M Sale of U.S. Cellular Property in Wisconsin

by Danielle Everson

BELOIT, WIS. — The Boulder Group has brokered the $1.5 million sale of a single-tenant U.S. Cellular property in Beloit. The property is located at 2933 Milwaukee Road. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Wisconsin-based real estate investment company. The buyer was a Midwest-based private partnership. U.S. Cellular has 10 years remaining on its lease, which expires in January 2024.

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Aon
IllinoisMidwest

Reed Construction to Complete Renovation of Data Center in Chicago

by Danielle Everson

CHICAGO — Reed Construction will complete the renovation of a data center for Aon Corp. in Chicago. The Aon Center is located at 200 E. Randolph St. Aon is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing. The construction, which is scheduled for completion in December, consists of demolishing the existing data center to create a 5,800-square-foot space including a smaller data center, conference rooms and an open office area for 36 workstations. Steve Sandquist is the project manager for Reed Construction. IA Interior Architects is providing architectural services.

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IllinoisMidwest

Lee & Associates Arranges 10,497 SF Industrial Lease Renewal

by Danielle Everson

BURR RIDGE, ILL. — Lee & Associates has arranged the lease renewal of a 10,497-square-foot industrial research and development space in Burr Ridge, an affluent suburb of Chicago. Medi-Physics Inc. will occupy space located at 161 Tower Drive, Suite A. Terry Grapenthin and Jeff Galante of Lee & Associates of Illinois LLC represented the landlord, IndCor Properties. Ron Weber of CBRE represented the tenant in the transaction.

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mcshane
IllinoisMixed-Use

McShane Construction Completes Mixed-Use Development in Metro Chicago

by John Nelson

ROSEMONT, ILL. — McShane Construction Co. has completed The Shops and Lofts at 47, a mixed-use development. The development sits on a three-acre parcel at 747 East 47th St. in Chicago’s Bronzeville neighborhood. The Shops and Lofts at 47 spans 202,000 square feet and is anchored by a 41,000-square-foot Walmart Neighborhood Market. It also includes 96 apartments in one-, two- and three-bedroom layouts.

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IllinoisMultifamily

M&M Arranges Sale of Apartment Building in Illinois

by John Nelson

CREST HILL, ILL. — Marcus & Millichap has arranged the sale of 1473 N. Rock Run Drive, a 12-unit apartment complex in Crest Hill, for $802,500. Ryan D. Engle, Andrean Angelov and Adam Fortino of Marcus & Millichap’s Chicago Oak Brook office marketed the property on behalf of the seller, a limited liability company. Engle, Angelov and Fortino also represented the buyer, a limited liability company. The property consists of four one-bedroom units and eight two-bedroom units measuring between 700 and 800 square feet.

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HospitalityOhio

Homewood Suites by Hilton Hotel Opens in Akron

by John Nelson

AKRON, OHIO — Homewood Suites by Hilton has opened its newest property, Homewood Suites by Hilton Akron Fairlawn. The four-story hotel is the 15th Homewood Suites property in Ohio and the first in the Akron area. TMI Hospitality owns the hotel, which is located at 210 Springside Drive just off I-77 near downtown Akron. Nearby attractions include the Akron Zoo, Stan Hywet Hall & Gardens and the Akron Art Museum.

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