Midwest

CICERO, ILL. — Ryan Cos. has completed work on Wirtz Beverage Illinois, a new 605,000-square-foot corporate headquarters building at 333 South Laramie Ave. in Cicero. The facility consolidates four Wirtz Beverage locations into one hub for sales, distribution and training programs. Ware Malcomb provided architectural and design services to Wirtz Realty Group, the newly formed real estate arm of Wirtz Corp. The property features offices, conference centers, training facilities and warehouse and distribution areas. The building also contains digital signage screens. The 500,000-square-foot warehouse contains one of the largest temperature-controlled wine storage components in the country.

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CHICAGO — American Tower Corp. has acquired the 93rd and 97th floors of the John Hancock Center in Chicago, as well as rights to the existing telecommunications leases associated with the property. The sale includes more than 34,000 square feet for broadcast and telecommunications equipment and two broadcast towers. American Tower says it plans to market the property to both broadcast and wireless tenants.

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KANSAS CITY, MO. — Berkeley Point Capital has arranged a $33.2 million loan for the acquisition and renovation of Camden Passage, a 596-unit apartment community in Kansas City. Robert Cantizano of Berkeley Point arranged the 10-year loan through Fannie Mae, which features three years of interest-only payments and seven years yield maintenance. The borrower, a multifamily investment fund focused on core and value-add acquisitions, plans to use some of the funds for its capital investment budget and to rename the property Northland Passage.

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CAMBRIDGE, MINN. — Opus Development Corp. has sold five acres of land in Cambridge to Mills Fleet Farm. The company recently purchased a nearby building, which it plans to convert into a store, and acquired the land for additional space. The parcel is located off of Highway 95 next to the Cambridge Retail Center, which includes a Target and Cub Foods. Mid-America Real Estate represented Opus in the transaction. Mills Fleet Farm is a family-owned retailer, which carries farm, horse, pet, automotive, clothing and other goods.

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CHICAGO — Bill Etherton of DS Capital has arranged $75 million in permanent financing for 10 properties in Illinois and North Dakota. The firm secured $23.3 million for four apartment buildings in Chicago, $28.1 million for a medical office building in Bloomington, Ill., $5 million for a retail shopping center in Wheeling, Ill., and $6.1 million for an office building on South Wabash Avenue in Chicago. DS Capital also arranged $12.4 million for three Walgreens properties, two of which are located in downstate Illinois and the third located near Fargo, N.D.

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LOMBARD, ILL. — Waste Management has signed a lease for 40,300 square feet of office space at Butterfield Centre in Lombard. The space is part of a 145,814-square-foot building located at 700 E. Butterfield Road. Property amenities include immediate access to I-88, newly renovated common areas, a conference center with auditorium and an on-site deli. Michael Van Zandt, Brian Edgerton and Matt Novak of NAI Hiffman represented the landlord, Travelers Insurance, in the transaction. John Musgjerd of Jones Lang LaSalle represented the tenant.

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CHICAGO — Quantum Real Estate Advisors has arranged the $6.9 million sale of a 14,490-square-foot Walgreens property at 7901 S. Western Ave. in Chicago. Walgreens has 23 years remaining on its lease. Chad Firsel and Jordan Kaufman of Quantum Real Estate Advisors represented the seller, a private fund from Wilmette, Ill., in the transaction. The buyer was a private individual from California.

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CHICAGO — Citadel has renewed its long-term lease for 222,416 square feet of office space at Citadel Center, a 1.4 million-square-foot high-rise in Chicago. The financial services company occupies the top six floors of the building. The building also houses J.P. Morgan Chase and three major law firms. Brian Whiting of The Telos Group and Mark Baby of J.F. McKinney & Associates represented the landlord, Dearborn Capital Group, in the transaction. Todd Lippman of CBRE Group represented the tenant.

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KANSAS CITY, MO. — Ryan Transportation Group has acquired Glenwood I and Glennwood II, located on Metcalf Avenue in Kansas City. The office buildings, at 119,500 square feet and 151,900 square feet respectively, have been on the market since 2009. The building's major tenant, Embarq Corp. occupied the properties before the company sold and became CenturyLink. According to local reports, Deutsche Bank held a note on the buildings after the previous manager couldn't fill Embarq's vacancy. The seller hired Bob Fagan and Brent Roberts of CBRE Group to market the property. Ryan Transportation plans to occupy most of the space in 2013, following a renovation.

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