BLOOMINGTON, ILL. — The Holiday Inn Hotel & Suites Bloomington-Airport, a 126-room full-service hotel adjacent to the Central Illinois Regional Airport, is on the market. The listing price is $18 million. Jim Walsh and Gordon Allred of Marcus & Millichap are representing the seller, a local developer. The hotel is located at 3202 E. Empire St. and was built in 2007. The property features 5,000 square feet of meeting space, an indoor pool, hot tub and wireless Internet access.
ST. LOUIS, MO. — hhgregg (NYSE:HGG), the Indianapolis-based appliance and electronics retailer, will open four new stores in Missouri on Thursday, Sept. 13. The stores will be located at 101 Gravois Bluff Dr. in Fenton, Mo.; 301 Costco Way in St. Peters, Mo.; 5925 N. Illinois in Fairview Heights, Ill.; and along Chesterfield-Airport Road in Chesterfield, Mo. The stores will showcase more than 100 HDTVs and 350 major appliances will be in stock. The locations will also feature new product categories consisting of fitness equipment and furniture. More than 240 employees have been hired to staff the new St. Louis area stores.
BUFFALO GROVE, ILL. — Zebra Technologies, a bar code and radio-frequency identification (RFID) maker, has signed a new lease for 68,000 square feet of industrial space in Buffalo Grove. The building, located at 1700 Leider Lane in the Aptakisic Creek Corporate Park, is owned by Chicago-based Bridge Development Partners. Kurt Sarbaugh, Robin Stolberg and Dan McCarthy of Jones Lang LaSalle represented the tenant in the transaction.
ST. LOUIS, MO. — NorthMarq Capital has arranged $4.3 million for the refinancing of two adjacent multifamily properties in St. Louis. David Garfinkel of NorthMarq arranged a $2.3 million loan for Park Royal Apartments, a 61-unit property at 4605 Lindell Blvd. He also arranged a $2 million loan for The President Apartments, an 83-unit building at 4615 Lindell Blvd. A life insurance company provided the financing.
ST. LOUIS — Taubman has closed on its purchase of a 50-acre parcel near the Boone's Crossing exit off Highway 40 in St. Louis. The company plans to develop a 450,000-square-foot retail center on the site that will include approximately 65 stores. More than 40 retailers have already committed to space including Banana Republic Factory Store, Gap Outlet, J. Crew Factory and Furla. David Biales and John Langa of Jones Lang LaSalle represented Taubman in the transaction. The company also recently broke ground on the project, which is expected to be complete in the fourth quarter of 2013.
RICHMOND HEIGHTS, OHIO — Milano Menswear has signed a 15,000-square-foot retail lease at Richmond Town Square Mall in Richmond Heights, Ohio. The men's upscale fashion store will join JCPenney, Macy's and Regal Cinemas this October. Greg Guyuron of Kowit & Passov Real Estate Group represents Milano Menswear in Northern Ohio.
FORT WAYNE, IND. — Erin's House for Grieving Children Inc. has signed a lease for 9,125 square feet in Georgetown Square, located at 6718 E. State Blvd. in Fort Wayne. The organization provides support services for children, teens and their families who have suffered the death of a loved one. Al Stovall of NAI Harding Dahm represented the landlord, Georgetown Members, in the transaction. Russ Jehl of NAI Harding Dahm represented the tenant.
ORLAND PARK, ILL. — Quantum Real Estate Advisors has arranged the $6.2 million sale of a 15,000-square-foot Walgreens building, located at 11981 W. 143rd St. in Orland Park. Walgreens has 22 years remaining on its lease. Chad Firsel of Quantum Real Estate Advisors represented the buyer, a private investor from Illinois, in the transaction. He also represented the seller, a partnership based in Chicago.
RAPID CITY, S.D. — Columbus Pacific Properties (CPP) has purchased Rushmore Crossing, a 550,392-square-foot center in Rapid City. The power center is anchored by Target, Sam's Club, Bed Bath & Beyond, Michaels, T.J. Maxx and Gordman's. The purchase included an additional 198,320 square feet of planned retail development and 14 outparcels. Jim Batjer of HFF represented the buyer and seller in the transaction.
SAVOY, ILL. — Bridge Partners has purchased Indigo Place, a student housing community serving the students of the University of Illinois at Urbana-Champaign. Dorothy Jackman and Travis Prince of Colliers International represented the buyer in the transaction. Scott Harris and Kyle Shoemaker of Marcus & Millichap represented the seller, Landmark Residential. Bridge Partners plans to invest approximately $900,000 to enhance the exterior and update the clubhouse, swimming pool, fitness center and game room. Indigo Place is a 192-unit, 588-bed complex of two-, three-, and four-bedroom apartments.
