MISHAWAKA, IND. — Birmingham, Ala.-based Sanders Trust has purchased a 46,000-square-foot rehabilitation hospital in Mishawaka, an eastern suburb of South Bend, for $17 million. The 40-bed Saint Joseph Rehabilitation Institute provides services to patients of the Saint Joseph Regional Medical Center, South Bend Orthopedics and other providers, Trinity Health, one of the largest health care systems in the country, runs the medical center.
JOLIET, ILL. — Lee & Associates of Illinois LLC has arranged a 150,560-square-foot industrial lease for Touchpoint Logistics at 4001 Rock Creek Road in Joliet, about 40 miles southwest of Chicago. Touchpoint Logistics is a third-party warehouse company that provides distribution, warehousing and order fulfillment outsourcing for companies. NAI Hiffman represented building ownership, TA Associates Realty, in the transaction.
CHICAGO — Global research firm Mintel has moved into its 30,000-square-foot North American headquarters on the 11th floor of 333 W. Wacker in Chicago. The office serves as a flexible workplace for employees and clients of the market research and intelligence firm. Griskelis Young Harrell designed the space and Leopardo Cos. constructed it. The office space includes open bench desks with 215 workstations, eight conference rooms and no private offices.
HOWELL, MICH. — Key Plastics LLC has signed a lease for 76,763 square feet of industrial space at 1450 McPherson Parkway in Howell, located about 35 miles east of Lansing. Key Plastics, a supplier of a broad range of plastic components and functional assemblies to manufacturers of light vehicles and their Tier 1 suppliers in North America, Europe and Asia, will consolidate three operations at the property. Jim Montgomery and Steve Gordon of Signature Associates represented the tenant in the transaction. Montgomery also represented the landlord, Brio Development LLC.
WAUWATOSA, WIS. — HSA Commercial joined Wauwatosa leaders on April 16 to celebrate the groundbreaking of Phase I of The Mayfair Collection, a $46 million mixed-use development in Wauwatosa, a western suburb of Milwaukee. Located at Highway 45 and Burleigh Street, the 270,000-square-foot shopping center will repurpose vacant warehouse buildings into a new, contemporary retail shopping center. Phase I of the project, which is slated for completion in summer 2014, will focus primarily on retail. Other phases will include the development of multifamily, office and medical properties. Nordstrom Rack, Dick’s Sporting Goods and Ulta Cosmetics have all signed leases for Phase I. Des Plaines, Ill.-based Premier Design + Build will serve as general contractor for the project, and Evanston, Ill.-based TOA Architects is responsible for the design.
MINNEAPOLIS — Chartres Lodging Group has purchased the Radisson Plaza Hotel Minneapolis from Carlson Real Estate Co., and plans to convert the property to a Radisson Blu, an upscale hotel. The San Francisco-based group acquired the 360-room property for $28 million, according to the Minneapolis/St. Paul Business Journal. The hotel occupies 17 floors of the 37-story Plaza Seven building, located at 35 S. 7th St. The hotel includes a restaurant and bar, as well as 22,000 square feet of meeting space, access to underground parking and a direct link to the city's climate-controlled skyway system.
LASALLE, ILL. — A 347,700-square-foot distribution center located at 761-765 Progress Parkway in LaSalle, about 60 miles north of Bloomington, has sold for $9.7 million in a sale-leaseback transaction. The seller, a publicly traded company on the NASDAQ, signed a long-term lease with the buyer. Chad Firsel and Daniel Waszak of Quantum Real Estate Advisors Inc. represented the buyer and the seller in the transaction.
WOOD DALE, ILL. — Champion Container Corp. has signed an industrial lease for 89,835 square feet at Chancellory Business Park, located at 1455 N. Michael Drive in Wood Dale, about 25 miles west of Chicago. Champion Container Corp., a custom box shop and full-service distributor of packaging equipment and materials, will consolidate three operation facilities at the location. Brian Colson and Eric Fischer of NAI Hiffman represented the landlord, Prologis, and the tenant in the transaction.
COLUMBUS, OHIO — Ohio State University has hired Messer Construction to lead a project team that will design and construct the $370 million renovation of North Residential District. The student housing project, which is located at the corner of Lane Avenue and High Street in Columbus, will add 3,200 new beds to the area. The project also includes new dining, recreation and other support facilities. Infrastructure project work will begin this summer. The project will be completed for use by fall 2016. The construction team also includes Miles-McClellan Construction, Jacobs Engineering Group Inc., Brailsford & Dunlavey, HKS Inc., Schooley Caldwell Associates, KZF Design Inc., Heapy Engineering, Shelley Metz Baumann Hawk, Korda Nemeth Engineering and MKSK.
AURORA, ILL. — AMLI Residential Properties Trust has sold AMLI at Oakhurst North, a 464-unit, Class A multifamily community in Aurora, to Abacus Capital Group LLC for an undisclosed amount. Located at 2800 AMLI Drive, the property includes two- and three-story residential buildings with one- and two-bedroom units averaging 1,012 square feet each. Community amenities include an indoor lap pool as well as an outdoor pool, 24-hour fitness center, business center and picnic area. Matthew Lawton, Sean Fogarty and Marty O’Connell led the HFF investment sales team representing the seller. HFF also placed financing for Abacus through Freddie Mac’s CME (Capital Markets Execution) program. Mona Carlton led HFF’s debt placement team representing the buyer.
