KNIGHTSTOWN, IND. — The Indianapolis office of CBRE has arranged the sale of the former 56,640-square-foot Spectra Premium facility in Knightstown, located about 38 miles east of Indianapolis. The free-standing facility is situated on a five-acre site and features immediate access to I-70. Mark Writt and Tom Cooler of CBRE represented the seller, Spectra Premium, in the transaction. The buyer, Hay-Flex, is currently located in New Castle, Ind., and purchased the facility to expand its operations in Central Indiana. The warehouse is located at 8774 S. State Road 109.
Midwest
ELGIN AND SOUTH HOLLAND, ILL. — Midwest Industrial Funds has purchased 182,000 square feet of industrial space in suburban Chicago. The first transaction involved a two-building portfolio that was 90 percent leased to three tenants located at 1355 W. McLean and 1485-1495 Davis Road in Elgin. Vern Schultz and Brian Kling of Colliers International represented the seller in the transaction. The second transaction featured a 95,000-square-foot, two-tenant building located at 17005-17045 S. Wallace in South Holland. Walter Murphy of Lee & Associates represented the seller in the transaction.
SAINT CHARLES, ILL. — Marcus & Millichap has arranged the $5.6 million sale of Charleston Park Apartments, a 71-unit apartment property located in Saint Charles, a Chicago suburb. The sale price equates to $79,225 per unit. James Walsh in Marcus & Millichap’s Chicago office secured the buyer, a long-time client, in the transaction. Charleston Park Apartments is located at 1815 Howard St.
EVANSVILLE, IND. — Summit Real Estate Services has arranged the $1.4 million sale of 6,120-square-foot retail building in Evansville, a city in southern Indiana. Scott Hyatt of Summit Real Estate Services represented the seller, Virginia & Cullen LLC, in the transaction. The buyer was a local private investor. The property, located at 5201 E. Virginia St., serves as the local campus for Regency Beauty Institute.
BEDFORD PARK, ILL. – Owens Corning, a global producer of residential and commercial roofing and asphalt, has signed a lease for 99,313 square feet of industrial space in Bedford Park, located about 15 miles southwest of Chicago. The tenant will use the building for warehouse use. Located at 6969 W. 73rd St., the property is situated on 4.8 acres and is located near I-55, I-294 and Midway Airport. Venture One Real Estate LLC acquired the building in 2013. Larry Much, Ben Cremer and Michael Robbins with NAI Hiffman’s industrial services group represented Venture One Real Estate in the leasing transaction. Scott Deurkop of Jones Lang LaSalle represented Owens Corning Roofing & Asphalt.
COVINGTON, OHIO — A Cincinnati-based recycling company is expanding to a 51,800-square-foot manufacturing facility in Covington, a city located about 29 miles north of Dayton, Ohio. The former Falcon Packaging facility is located at 2000 Mote Drive and has been purchased by Resource – One, a privately held environmental recycling company. Resource – One has a satellite location located at 471 County Road 32 N in Bellefontaine. Tim Echemann of Industrial Property Brokers co-brokered the deal.
CHICAGO — Marcus & Millichap has arranged the $9.8 million sale of 2157 North Damen Avenue, a 34,875-square-foot mixed-use property in Chicago. The property is located in Chicago’s Bucktown neighborhood and features two-bedroom, two-bath units. Apartments include ample closet space, fireplaces, hardwood floors throughout and balconies. Tenants have access to a climate-controlled indoor garage that houses 31 parking spaces with two additional handicap accessible spaces and 17 outdoor parking spaces. Steve Livaditis and Kyle Stengle in Marcus & Millichap’s Chicago offices, marketed the property on behalf of the seller, a limited liability company, and represented the buyer.
CHICAGO — Deutsche Asset & Wealth has acquired 2555 North Clark in Chicago on behalf of an institutional client. The 19-story apartment tower includes 162 units, which are 96 percent occupied, and 6,884 square feet of retail space. The property, four miles north of downtown Chicago, is located in the Lincoln Park neighborhood on Clark Street and is within close proximity to Lake Michigan. The building has undergone extensive exterior renovations since it was built in 1987. The purchase price was not disclosed.
ROSEVILLE, MICH. — Brennan Investment Group LLC has acquired Dayco Products' Detroit production and distribution facility located at 16000 Common Road in Roseville, a northern suburb of Detroit. Dayco Products, a manufacturer of automotive belts, hoses, tensioners and pulleys, has operated from the property since 2009. Patrick Shannon and Mike Davidson of Newmark Grubb Knight Frank arranged the sale. Seller information was not disclosed.
DEKALB, ILL. — Millennium Properties has arranged the sale of a 41,400-square-foot retail center partially leased to Dollar General. The center, located at 1401 S. Fourth St. in DeKalb, is situated on 5.6 acres, providing the new owners the opportunity to develop a 25,000-square-foot outlot building. Dollar General has more than six years remaining on its current lease and several renewal options. Millennium Properties represented the buyer and the seller, both private investors, in the transaction.