Midwest

TANDEM COMPLETES PHASE I ADDITION TO PILSEN CLUBHOUSE

by admin August 1, 2012

CHICAGO — Construction is complete on the first phase of a $4.2 million renovation of a community clubhouse in the Pilsen neighborhood of Chicago. Tandem Construction has added 17,000 square feet to the original Union League Boys & Girls Club at 2157 West 19th St. The new space includes a new gymnasium, science lab and two multi-purpose activity spaces. The project will also include the renovation of an additional 18,000 square feet in the original building, which is a former saloon built in the late 1800s. The Union League Boys & Girls Club has occupied the space since 1920. The facility is set for completion at the end of the year. Antunovich Associates is the project architect.

August 1, 2012

MSP DEVELOPMENT BUYS OFFICE PROPERTY IN WISCONSIN

by admin August 1, 2012

THIENSVILLE, WIS. — MSP Development has acquired an office building at 200 Green Bay Road in Thiensville from BMO Harris Bank for $275,000. Thiensville is a village 18 miles north of Milwaukee. Tom Shepherd and Lyle Landowski of Colliers International represented both parties in the transaction.

August 1, 2012

Midwest Retail

FREEBIRDS OPENS FIRST LOCATION IN KANSAS

by admin July 31, 2012

MISSION, KAN. — FREEBIRDS World Burrito has opened its first location in Kansas, located at 6029 Metcalf Ave. in Mission. The restaurant was founded in 1987 in California. The menu includes burritos with freshly chopped veggies, house-made rice and beans and grass-fed beef. FB Midwest Development, a franchisee for the chain, is also reportedly looking to open up an additional site in Mission, as well as locations in Columbia, Mo.; Omaha, Neb.; and Wichita, Kan.

July 31, 2012

Midwest Retail

RETAIL SITEIN SCHAUMBURG TRADES FOR $1.2M

by admin July 31, 2012

SCHAUMBURG, ILL. — An affiliate of LEM Equities has purchased a 5,037-square-foot freestanding retail site in Schaumburg for $1.2 million. The property is located at 20 South Roselle Road and is occupied by Coldwell Banker. Stephen Lieberman and John Abuja of Marcus & Millichap represented the seller, Crosstown Real Estate Advisors. They also represented the buyer.

July 31, 2012

Midwest Office

MOTOROLA MOBILITY TO MOVE TO CHICAGO

by admin July 30, 2012

CHICAGO — Motorola Mobility, a smartphone maker owned by Google Inc., is relocating its headquarters to Vornado Realty Trust's Merchandise Mart in Chicago. The company, currently based in Libertyville, Ill., has signed an office lease for 572,000 square feet. The 3.5 million-square-foot Merchandise Mart is the world's biggest commercial building, according to a statement by Vornado. Motorola is expected to move to the building in early 2013.

July 30, 2012

Midwest

UMH BUYS MANUFACTURED HOUSING COMMUNITY FOR $3.4M

by admin July 30, 2012

NEW MIDDLETOWN, OHIO — UMH Properties has paid $3.4 million to purchase Meadowood, a 123-site manufactured home community in New Middletown. The community is situated on 20 acres. With the acquisition, UMH owns 42 manufactured home communities consisting of more than 9,100 developed homesites.

July 30, 2012

Midwest Seniors Housing

WALKER & DUNLOP ARRANGES REFINANCING LOAN FOR COON RAPIDS

by admin July 30, 2012

COON RAPIDS, MINN. — Walker & Dunlop has arranged a $12 million loan for the refinancing of Select Senior Living at Coon Rapids, a 68-unit assisted living facility in Coon Rapids. Amenities at the property include separate dining rooms for memory-care and assisted-living residents, an activity center and theater room. Carolyn McMullen of Walker & Dunlop secured the loan through the U.S. Department of Housing and Urban Development's Section 232/223(f). The loan contains a 35-year amortization schedule.

July 30, 2012

Industrial Midwest

WEG ELECTRIC MOTORS, HD SUPPLY LEASE MORE THAN 204,000 SF IN ILLINOIS

by admin July 30, 2012

NORTHLAKE AND BOLINGBROOK, ILL. — Both WEG Electric Motors Corp. and HD Supply have inked leases to expand industrial space in two Illinois properties owned by Duke Realty. WEG Electric has expanded its space by 84,000 square feet by relocating to Crossroads 1 in Bolingbrook. The company signed a lease for 163,470 square feet. HD Supply expanded into the 79,288 square feet vacated by WEG Electric at Northlake I, located at 635 Northwest Ave. in Northlake. Darren Ross of Colliers International and Brian Carroll of Newmark Grubb Knight Frank represented WEG in its transaction, while John Cash of NAI Hiffman represented HD Supply. Duke Realty was self-represented by Susan Bergdoll in both deals.

July 30, 2012

Midwest

ASPEN HEIGHTS BREAKS GROUND IN MISSOURI, GEORGIA

by admin July 27, 2012

COLUMBIA, MO., AND STATESBORO, GA. — Construction is under way on two Aspen Heights projects in Missouri and Georgia. In Columbia, Aspen Heights has started building its first project in this city. The 39-acre property will house 972 residents and include two- and three-bedroom duplexes and row homes. The 65-acre Statesboro project is the second development by Aspen Heights in Georgia. The 1,087-bed project will include two- and three-bedroom duplexes and row homes, and four- and five-bedroom houses as well as resort-style amenities and an 11,000-square-foot clubhouse.

July 27, 2012

Midwest

$9M STUDENT HOUSING COMPLEX IN KANSAS NEARS COMPLETION

by admin July 27, 2012

EL DORADO, KAN. — Construction of the $9 million student housing complex at Butler Community College in El Dorado will be complete Aug. 1. Bettendorf, Iowa-based Oxbow Development is building the 192-unit property, named The Villas at Butler. The property features a 3,000-square-foot gathering space, study rooms, fitness center, computer lab and conference room and swimming pool. The design includes two and four single-bedroom apartments that have full kitchens and common living room space. Grubb & Ellis / Martens Commercial Group represented Butler Community College in the solicitation of request for proposals (RFPs) from developers.

July 27, 2012

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