WYOMING, MINN. — Ryan Cos. has broken ground on a 144,000-square-foot expansion of the Polaris Industries Inc. Product Development Center in Wyoming. The expansion will more than double its existing 126,000-square-foot facility, which Ryan constructed in 2005. The $20 million project is expected to be completed in August 2013. Pope Architects is the project architect. The new space will feature large work bays for off-road vehicles, conference and display spaces and a new electrical lab.
CHICAGO — GE Transportation, a unit of General Electric Co., will move its headquarters from Erie to 500 W. Monroe in Chicago. The company will occupy 53,972 square feet of space on the 23rd and 24th floors at the building. 500 W. Monroe is a 1 million-square-foot office tower in the city's West Loop. Steve Smith, Gary Kostecki and Brad Despot of Jones Lang LaSalle represented the building owner, Piedmont Office Realty Trust, in the transaction. Jeff Samaras of Cushman & Wakefield represented the tenant.
SHAKER HEIGHTS, OHIO — Salon Lofts will join Verizon, Dollar Tree and Advance Auto in the Shaker Town Center in Shaker Heights in the spring of 2013. The salon, which is based in Columbus, will occupy 5,040 square feet in a former Blockbuster space. Steve Passov and Tori Nook of Kowit & Passov Real Estate Group represented the landlord, Equity Investments, in the transaction.
CHICAGO — Aon has signed a 15-year lease for 396,406 square feet of office space at 200 E. Randolph St. in Chicago. After 14 years as a sublease tenant in the 83-story East Loop Tower, the global risk management firm will enter a new direct lease agreement beginning Dec. 2013. Opened in 1972, the Aon Center features a 205-seat auditorium and views of the city and Lake Michigan. Meredith O'Connor of Jones Lang LaSalle and Greg Gerber of Studley represented the tenant in the transaction. Steve Smith and Mike Curran of Jones Lang LaSalle represented the owner, Piedmont Office Realty Trust.
SIOUX CITY, IOWA — 4th Street Centre LLC has acquired the 10-story Terra Centre in downtown Sioux City. Arlene Curry and Ellen Kaplan of NAI LeGrand & Co. represented the seller, CF Industries, in the transaction. CF Industries is an international fertilizer producer, which had purchased the property as part of its multi-million dollar acquisition of Terra Industries.
FRIDLEY, MINN. — Marcus & Millichap has arranged the $1.6 million sale of Oak Hill Apartments, a 34-unit multifamily property in Fridley. Josh Talberg of Marcus & Millichap represented the seller, a private investor. Talberg and Mox Gunderson, also of Marcus & Millichap, represented the buyer, a private investor.
KENT, OHIO — Two new tenants will join The Cascades of Brimfield in Kent this January. Petco has signed a lease for 12,500 square feet of space and Hibbett Sporting Goods will occupy 5,000 square feet of space. The retailers will join tenants such as Kohl's, Lowe's, Marshalls and Dollar Tree. Carla Massara of Kowit & Passov Real Estate Group represented the landlord in both transactions.
O'FALLON, ILL. — Balke Brown Transwestern has opened Parkway Lakeside Apartment Homes on Green Mountain Roade in O'Fallon. The $29 million community consists of 21 two-story buildings containing 232 units. One-site services include car detailing, resident valet and the Posh Pet Spa. Amenities include a saltwater swimming pool and wellness center. Rents range from $945 to $1,800 per month. AFL-CIO Housing Investment Trust financed the project via a $26.1 million FHA-insured construction and permanent mortgage loan.
ST. LOUIS — Construction is under way on the $42 million Cortona at Forest Park, a 280-unit apartment complex in St. Louis. The project will occupy the southwest corner of Balke Brown Transwestern's 26-acre Highlands mixed-use development. The gated community will feature a 7,000-square-foot clubhouse, a saltwater swimming pool and an outdoor kitchen with lounging areas. Residents will also have access to a car-detailing service and a leash-free pet park. Monthly rents are projected to range from $1,000 to $1,750 when the property opens in 2014. Balke Brown hopes the development will attract young professionals. AFL-CIO Building Investment Trust is financing the project and Humphreys & Partners is the architect.
TROY, OHIO — Crown Equipment Corp. has purchased the 165,000-square-foot Stillwater Technologies building at 1040 S. Dorset Road in Troy. Stillwater, a contract manufacturer, will continue to occupy its current space in the building, while Crown Equipment — a producer of material-handling equipment — will move into a space formerly occupied by robotics manufacturer Motoman. The building features 20,000 square feet of office space, 24-foot clear ceiling heights and heavy power. Tim Echemann of Industrial Property Brokers and Norm Khoury of Cassidy Turley represented the sellers in the transaction.