BIRMINGHAM, MICH. — Mid-America Real Estate Corp.’s investment sales team, in cooperation with NAI Farbman, brokered the sale of The Willits Retail, a 25,396-square-foot retail center in Birmingham, an affluent suburb of Detroit. Southfield, Mich.-based Seligman Group purchased the property for an undisclosed sales price. The center includes two premier dining restaurants — Mitchell’s Fish Market and Cameron’s Steakhouse, a TD Ameritrade and Darakjian Jewelers. Ben Wineman of Mid-America Real Estate Corp. and Bill Bubniak of NAI Farbman represented the seller, New York-based The Related Cos., in the transaction.
Midwest
BECKER, MINN. — Marcus & Millichap has brokered the $2.4 million sale of a 68-room hotel in Becker, approximately 47 miles northwest of Minneapolis. Crossings by Grandstay Inn & Suites is located at 14435 Bank St. The hotel was built in 2004. Jon Ruzicka of Marcus & Millichap’s Minneapolis office represented the seller, a limited liability company. Ruzicka, with the cooperation of an outside brokerage, also represented the buyer, a private investor.
SHOREWOOD, ILL. — Grocery store operator Roundy’s Inc. will open a Mariano’s upscale supermarket in Shorewood, approximately 43 miles southwest of Chicago. A grand opening for the new store, located at 950 Brook Forest Ave., is set for Tuesday, July 15. The Shorewood location is the 10th Mariano’s to open of the 11 former Dominick’s locations acquired by Roundy’s in December 2013. The newest Mariano’s location will add 450 new jobs to the community. Across its 26 locations, Mariano’s has created approximately 10,750 jobs in the last four years. The Shorewood store will provide fresh-squeezed fruit and vegetable juices, house-made Italian sausage and signature Bella cupcakes. The supermarket will also include wines from all regions, a specialty cheese shop as well as a bakery. Mariano’s Shorewood will also offer Vero authentic Italian coffee and gelato shop featuring premium coffees fresh-roasted locally and homemade gelato; a floral department; an International aisle highlighting global cuisine; a dietitian; and a full-service pharmacy.
CHICAGO — Reed Construction will complete the renovation of a new simulation lab for Rush University Medical Center in Chicago this August. The property is located at 1717 W. Congress Parkway. The project for Rush University Medical Center will feature the renovation of the existing space to create a new, cutting-edge simulation lab. Simulation labs are learning environments designed to bridge theory and practice in a safe, interactive educational setting. The 8,200 square foot build-out will include the addition of multiple labs, control rooms, debriefing rooms and the associated infrastructure. Scott Pickands, Reed Construction’s executive vice president and project executive, will lead the construction team. Proteus Group is providing architectural services for the project. Rush is a nonprofit healthcare, education and research enterprise comprised of Rush University Medical Center, Rush University, Rush Oak Park Hospital and Rush Health. Rush University Medical Center encompasses a 664-bed hospital serving adults and children.
ROCHESTER HILLS, MICH. — L. Mason Capitani CORFAC International has brokered the sale of a multi-tenant industrial facility to an undisclosed buyer in Rochester Hills. Based on the current net operating income, the 49,686-square-foot building traded at a 9.8 percent capitalization rate. The facility, located at 2703-2727 Product Drive, was fully occupied at the time of sale. TI Automotive and Gexpro are currently tenants at the building. Jason Capitani and Garry Rogers of L. Mason Capitani represented the seller, Kevin Buchanan, in the transaction.
MILWAUKEE — The Dickman Co. Inc./CORFAC International has arranged the lease of a 30,000-square-foot industrial space in Milwaukee. Wenniger Compressor Co. will occupy space located at 3745-55 N. Richards St. Samuel M. Dickman Jr., Samuel D. Dickman and Anthony Huenerbein of the Dickman Co. represented the landlord, Richards Industrial LLC, in the transaction. Tony Haning of Jones Lang LaSalle represented the tenant, Wenniger Electric doing business as Wenniger Compressor Co.
HILLIARD, OHIO — Prudential Mortgage Capital Co. provided a $26 million Freddie Mac loan to Edwards Companies to refinance Arlington Park Apartments, a 284-unit apartment community in Hilliard, Ohio, a suburb of Columbus. Completed in 2010, Arlington Park’s Class A units include granite countertops, brushed nickel hardware and lake views in certain apartments. Amenities include a resort-style pool, game room, movie theater, business center, valet dry cleaning and 24-hour emergency maintenance. Prudential Mortgage Capital Co. is the commercial mortgage lending business of Prudential Financial Inc. Chuck Meyer of Prudential Mortgage Capital Co. led the transaction.
HINSDALE, ILL. — Mid-America Real Estate has brokered the $10 million sale of a 39,710-square-foot shopping center in Hinsdale, located 20 miles west of Chicago. Buffalo Grove, Ill.-based C P Management LLC purchased Gateway Square from Inland Real Estate Corp. The property, located south of the southeast corner of Ogden Avenue and York Road, features tenants Calico Corners, Kumon, Fox’s on York and Egg Harbor Café. Rick Drogosz and Joe Girardi of Mid-America represented Inland in the transaction.
CLAYTON, MO. — The newly renovated Clayton Police Headquarters and Municipal Building in Clayton, a suburb of St. Louis, has earned Platinum LEED Certification from the U.S. Green Building Council. The six-story Colonial Williamsburg-style structure, built in 1959, becomes the first LEED-Platinum Certified law enforcement facility in Missouri. The property is located at 10 S. Brentwood Blvd. Pinnacle Contracting Inc. served as general works contractor on the project, which introduced 21st century technology and energy-wise features to approximately 83,000 square feet. Pinnacle helped achieve LEED Platinum status by developing construction waste management and indoor air quality plans followed by its sub-contractors. Other LEED features at the building include on-site energy generation (via the largest single-site solar array in Missouri); the installation of high-efficiency HVAC, lighting and water systems; and a facility-wide commitment to optimal indoor air quality plus thermal and lighting controls for all building users. The facility hosts a state-of-the-art police headquarters; forensic laboratories; a municipal court and offices; a back-up data center for the City of Clayton; and parking spaces for more than 150 vehicles in an adjacent structure. St. Louis-based The Lawrence Group served as architect for the project. Pinnacle's work at the facility exceeded $5 million.
GRAND RAPIDS, MICH. — NAI Wisinski of West Michigan has arranged the lease of an 885,781-square-foot manufacturing and distribution facility in Grand Rapids, a suburb of Detroit. The property, located at 5565 Broadmoor Ave. SE, covers about 20 acres on a 127-acre site. Stan Wisinski of NAI Wisinski of West Michigan represented the undisclosed tenant, who is set to move into the facility in August. The tenant plans to reconfigure the plant for production. Franklin Partners and Bixby Bridge Capital purchased the manufacturing facility from Steelcase Inc. Duke Suwyn of Colliers International represented Franklin Partners in the transaction.