MILWAUKEE, WIS. — Landworks Wisconsin, a landscaping company, has purchased an industrial building in Milwaukee to expand its business, for $816,000. The 8,200-square-foot property is located at 1205 W. Mount Vernon Ave. Kurt Van Dyke of Cassidy Turley Barry represented the seller, Ron Sanfilippo, in the transaction. Michael Moony of NAI/MLG Commercial represented the buyer.
OMAHA — Darland Construction has started the renovation of a six-story building in Omaha. Once complete in August 2013, the newly named Victory Apartments & Offices will provide affordable housing to U.S. veterans, as well as office and classroom space. American First Real Estate Group acquired the building from Grace University earlier this year, as part of a community project to serve the needs of veterans. The first floor will house classrooms and offices for the university and a 7,000-square-foot fitness facility and community room for residents. Clinical offices for the Nebraska-Western Iowa VA Medical Center will be located on the second floor, while the upper floors will become apartments.
CHICAGO — The City of Chicago has approved the construction of 625 West Adams St., a 20-story Class A office building in Chicago's West Loop. A partnership between The Alter Group and White Oak Realty Partners will develop the 490,000-square-foot building. 625 West Adams St. will be the first office building constructed in downtown Chicago in two years. The project will be located on the site of a current parking lot at the corner of Adams and Des Plaines streets. The building will include a parking garage, conference center and fitness center. Solomon Cordwell Buenz & Associates have designed the building.
INDIANAPOLIS — Work is complete on the new 376,000-square-foot regional distribution and logistics headquarters for Regal Beloit Corp. in Indianapolis. The property is located in AllPoints Midwest, an industrial park being jointly developed by Browning and Duke Realty. The build-to-suit facility is seeking LEED certification, and the building includes water-efficient plumbing fixtures and high-efficiency heating. Regal Beloit is one of the largest manufacturers of electric motors in the world.
GREENWOOD, MO. — The renovation of the 80,255-square-foot Greenwood Shoppes at 806-914 U.S. 31 is nearing completion. Bianco Properties, which purchased the property last year, added a new roof, facade and LED lighting throughout the property. The center is located across from Greenwood Park Mall and tenants include Men's Wearhouse, Half Price Books, Casual Male and Party City. The Peterson Co. oversaw construction of the project. All businesses remained open during the renovation.
OVERLAND PARK, KAN. — NorthMarq Capital has arranged $8.7 million for the refinancing of 95 Metcalf Square in Overland Park. The property consists of nine mixed-use office and retail buildings totaling 152,122 square feet. John Stewart and Ian Reissner of NorthMarq Capital arranged the loan.
OAK LAWN, ILL. — Irgens has completed the Little Company of Mary Outpatient Care Center, located at 6700 W. 95th St. in Oak Lawn. The 50,000-square-foot facility will house several outpatient services including immediate care, diagnostic imaging and lab. After purchasing the site on 95th Street, Little Company of Mary Hospital retained Irgens to develop the new ambulatory care center. Krusinski Construction Co. served as the general contractor while PFB Architects provided design services.
HUDSON, OHIO — Hudson Business Park LLC has acquired a $3.1 million industrial facility from Duro Bag Manufacturing Co., the largest manufacturer of paper bags for grocery, food service and pharmacy. The 147,000-square-foot facility is located at 486 Baer Road in Hudson. Stephen Bove and Laurence Bergman of NAI Bergman and Steve Nilsson of Colliers International represented the seller in the transaction. Sandy Barin of CBRE Group represented the buyer.
SOUTH BEND, IND. — Garrison Investments has acquired a 538,500-square-foot distribution building at 1902 W. Sample St. in South Bend. The property was formerly used by a Massachusetts-based retailer for storage and distribution of merchandise. Built in 2005, the single-story building includes 24,500 square feet of air-conditioned office space and 88 dock doors. The building is approximately two miles from U.S. Highway 31/20. Binswanger represented both parties in the transaction.
EAST LANSING, MICH. — Education Realty Trust has acquired Campus Village Apartments, a 357-bed student housing property in East Lansing, for $20.9 million. The 284,675-square-foot property is blocks from Michigan State University at 1151 Michigan Ave. Amenities include a gaming center, fitness center, computer lab and complimentary high-speed Internet. Earl Elliot of Marcus & Millichap represented the seller, Ernie Shaffer. Chris Futo and Gordon Navarre of Marcus & Millichap represented the buyer.