CHICAGO — Baum Realty Group LLC has arranged the sale of the REPAK Wicker Park Retail Portfolio, which includes five buildings totaling 28,000 square feet in the Wicker Park neighborhood of Chicago. The purchase price was undisclosed. The properties are located at 1455, 1519, 1521, 1525 and 1529 N. Milwaukee Ave. Tenants of the buildings include Citibank, Urban Outfitters, G-Star, Chrome Industries, Crossroads Trading and Dermatology and Aesthetics of Wicker Park. The portfolio offered properties with a range of rental rates, including some below market, according to Baum. Greg Dietz, Danny Spitz and Adam Secher of Baum represented the seller and procured the buyer, Newcastle Limited.
CLEVELAND — Michael Baker Jr. Inc., an engineering unit of Michael Baker Corp., has been awarded a one-year, $4.5 million roadway and structure design services contract by the Ohio Department of Transportation (ODOT) for Phase II of the Lakefront West project on U.S. Route 6 in Cleveland. When completed, the Lakefront West Project will connect Cleveland's west side neighborhoods with the lakefront by creating multi-modal connections along the West Shoreway. The project transforms a 2.5-mile, 50-mph freeway into a scenic, tree-lined, 35-mph boulevard. Baker will provide roadway and structures design, traffic certification and analysis, maintenance of traffic and utility coordination and documentation.
ST. LOUIS — Phillips Edison–ARC Shopping Center REIT Inc. has acquired an 112,300-square-foot, grocery-anchored shopping center in St. Louis for $9.5 million. South Oaks Plaza is fully leased and anchored by a Shop 'n Save grocery store. Pace-South County Associates LLC sold the shopping center, which is located on 10.2 acres. Phillips Edison–ARC also recently acquired the 74,616-square-foot Contra Loma shopping center in Antioch Calif., for $7.2 million.
NOVI, MICH. — Hyatt Hotels Corp. and Packard Hospitality Group have celebrated the opening of the 126-room Hyatt Place Detroit/Novi. Attached to Suburban Collection Showplace as an expansion to the Diamond Banquet and Conference Center, the new six-story hotel will be the first Hyatt-branded hotel in Novi, a northwest suburb of Detroit. The hotel features more than 9,000 square feet of meeting space, complimentary Wi-FI, interior pool and A Coffee to Cocktails Bar.
CHAMPAIGN, ILL. – Sperry Van Ness/Ramshaw Real Estate has arranged the $2 million sale of 202 West Park, a 26,000-square-foot office building in downtown Champaign. Community Elements sold the property to Hickory Point Bank & Trust. Jerry Ramshaw of Sperry Van Ness/Ramshaw Real Estate represented the seller in the transaction.
BLOOMFIELD HILLS, MICH. — Bernard Financial Group has arranged a $1 million loan for Bloomfield Boulevard Office Building. The 19,157-square-foot office property is located in Bloomfield Hills, about 25 miles north of Detroit. Bloomfield Blvd. LLC was the borrower. Kevin Kovachevich of Bernard Financial originated the loan. Symetra Life Insurance Co. served as the lender.
HOFFMAN ESTATES, ILL. — Leopardo Cos. has started construction on four suburban Chicago municipal projects totaling $31 million. One of the projects includes the $15.5 million, 70,000-square-foot West Chicago Community Recreation Center at Reed-Keppler Park. The facility will feature a three-court gymnasium, three-lane elevated jogging track, large fitness equipment area, dance/aerobic studio and group fitness room and indoor playground. Leopardo also began work on the 11.2 million, 31,000-square-foot New Lenox Police Department, which will include a multi-purpose/training room and staff areas for code enforcement, investigations and command staff. The last two projects include the $2.2 million, 10,000-square-foot Bartlett Fire Station and the $2.1 million, 10,000-square-foot expansion of South Barrington Village Hall, a two-story, 7,000-square-foot police station.
MISSION, KAN. — NorthMarq has arranged $10.8 million in first mortgage refinancing for Foxfire Apartments, a 280-unit multifamily property in Mission, a southern suburb of Kansas City. The market-rate apartment property is located at 5020 Glenwood Road. The 10-year loan includes a 30-year amortization schedule. Brent Blake, vice president of NorthMarq’s Kansas City regional office, arranged the financing through Freddie Mac. Foxfire Apartments LLC was the borrower.
MILWAUKEE — F.J.A. Christiansen Roofing Co. Inc., a branch of national commercial roofing provider Tecta America Corp., has completed the installation of a 100,000-square-foot rooftop athletic field in Milwaukee. The field, located on the top of a 780-car parking facility on the Milwaukee School of Engineering (MSOE) campus, will be used for collegiate soccer and lacrosse and other youth sports. The roof structure will also slow the rate of stormwater runoff. Hunzinger Construction Co. served as the general contractor for the project. Uihlein-Wilson Architects designed the athletic field. The development opened August 23.
MADISON HEIGHTS, MICH. — Bernard Financial Group has arranged a $1.4 million loan for Farnum Plaza, a 24,400-square-foot retail property in Madison Heights. The shopping center is located at 27611-27651 John R Road, about 14 miles north of Detroit. Farnum Plaza LLC was the borrower. Kevin Kovachevich of Bernard Financial Group originated the loan. Symetra Life Insurance Co. was the lender.