COLUMBUS, OHIO — Marcus & Millichap has arranged the $17.8 million sale of an eight-property U-Store-It self-storage portfolio for $17.7 million. The sale contains 3,232 units located throughout Ohio. Charles LeClaire and Brett Hatcher of Marcus & Millichap represented the seller in the transaction. The buyer is a Texas-based private investor.
CHICAGO — Walgreens opened its latest flagship store at 1601 N. Milwaukee Ave., in the historic Noel State Bank Building in Chicago. The company preserved much of the building's original architecture and even reused an old bank feature as a “Vitamin Vault.” Leopardo served as the general contractor for the project and Camburas & Theodore Architects provided architectural services. The Noel State Bank Building was constructed in 1919. The original bank fell victim to a run on the bank during the Great Depression. The building has housed several different banks over the decades, the last being Midwest Bank, which closed several years ago. The store will include a cafe and juice bar, a wine selection featuring more than 700 wines and expert eyebrow shaping and grooming services.
FORT WAYNE, IND. — Hall Aluminum Products has signed a lease for 47,668 square feet of industrial space at 2701 S. Coliseum Blvd. in Fort Wayne. The company designs, installs and repairs commercial architectural glass. Mike Dahm of NAI Harding Dahm represented the landlord, Wayne Coliseum Limited, in the transaction. He also represented the tenant.
LINCOLNSHIRE, ILL. — Retail Properties of America Inc. (RPAI) has sold an 818,686-square-foot office building in Lincolnshire that is fully leased to Aon Hewitt, for $148 million. Proceeds from the sale were used to repay $177.7 million in mortgage debt and accrued interest encumbering the entire Aon Hewitt campus. Following the sale, RPAI continues to own the remaining 343,000-square-foot Aon East Campus, which is fully leased to Aon Hewitt.
ROSEMONT, ILL. — Three new tenants have joined 600 Shafer Court, a 162,115-square-foot office building in Rosemont. The American Society of Plumbing Engineers, represented by Greg Witt and James Otto of CBRE Group, leased 7,076 square feet. Quattro FPO Solutions took 3,185 square feet and was represented by Peter Kelly of Lincoln Property Commercial. Haemonetics Corp., represented by Jon Azulay of Studley, leased 14,665 square feet. Jack Reardon of NAI Hiffman represented the owner in all three transactions.
KANSAS CITY, MO. — Smith Electric Vehicles US Corp. has renewed its lease for 80,000 square feet of industrial space at 9200 NW 112th St., Building 2 in Kansas City. The company produces zero emission commercial electric vehicles. David Hinchman, Mike Mitchelson, Joe Orscheln, Brian Staton and Nicki Garret of CBRE Group represented the tenant in the transaction. The landlord is the Kansas City Aviation Department.
APPLETON, WIS. — Heartland Dental has signed a lease for 3,358 square feet of space at 3818 E. Calumet St. in the Qdoba Plaza in Appleton. Tom Treder of Commercial Property Associates represented the landlord, PH East Appleton, in the transaction. He also represented the tenant.
ANTIOCH, ILL. — Marcus & Millichap has arranged the $720,000 sale of Joanna Court Apartments, located at 287 and 299 Joanna Court in Antioch. The property includes two, 12-unit apartment buildings built in 1971. Jim Walsh of Marcus & Millichap represented the seller, a private equity firm. David Gaines and Alex Blagojevich of Marcus & Millichap represented the buyer, a private investor.
ST. PAUL., MINN. — Dominium has closed on a $48.2 million construction loan and a $24.3 million letter of credit to finance the Schmidt Brewery Artist Lofts, an adaptive reuse of the historic Schmidt Brewery in St. Paul. U.S. Bank provided the financing. The Schmidt Brewery Artist Lofts will contain 260 units designed to suit the needs of artists. Common amenities will include a yoga studio, pottery studio, paint studio, kiln room, tool shop and multiple gallery spaces. Construction is set to begin by the end of this month and the project is slated for completion in 2014. Weis Builders is the general contractor and BKV Group is the architect.
TAYLOR, MICH. — The Salvation Army has signed a lease for 30,162 square feet of space at the former Farmer Jack store, located at 9850 Telegraph Road in Taylor. Adam Goodman and Susan Acciaioli of Mid-America Real Estate-Michigan Inc. represented the landlord, NW-Taylor Farmer Jack, in the transaction.
