INDIANAPOLIS — Click Ship Commerce has signed a lease for 25,850 square feet of industrial space at Hillsdale Business Park, the largest industrial park in Indianapolis, located at 770 N. Shadeland Ave. Jones Lang LaSalle represented Click Ship Commerce and the landlord, Hillsdale Property Co. LLC, in the deal. The firm is moving from 15268 Herriman Blvd. in Nobesville, Ind. Click Ship Commerce is an e-commerce company that operates multiple websites selling consumer products.
WAUWATOSA, WIS. — The Autism Society of Southeastern Wisconsin has leased 5,800 square feet of office space in Wauwatosa. The single-story building is located at 3720 N. 124th St. Stephen Provancher and Tim Janusz of NAI MLG Commercial represented the landlord, KL 124th Partners LLC, in the deal. The Autism Society provides awareness and educational resources for people with various forms of autism, their families and professionals.
EAST LANSING, MICH. — Chicago-based HFF has closed on the $101 million sale of an off-campus, three-property student housing portfolio serving Michigan State University in East Lansing. The 852-unit, 2,772-bed student housing property has an average occupancy of 96 percent. Properties in the portfolio include The Club at Chandler Crossing located at 3850 Coleman Road; The Village at Chandler Crossings located at 3839 Hunsaker St.; and The Landings at Chandler Crossings located at 16789 Chandler Road. HFF also arranged the financing. The long-term, fixed-rate $85 million loan is with a CMBS lender on behalf of the buyer, Westpac Investments. HFF represented the seller, Boston-based Long Wharf Real Estate Partners LLC, in the deal.
CHICAGO — Inland Real Estate Corp. has signed Old Time Pottery to a lease for a 78,271-square-foot store at the Mosaic Crossing shopping center in West Chicago. The store, which is expected to open this summer, will be the retailer’s third location in metro Chicago. The Mosaic Crossing shopping center is located at the intersection of Route 64 and 59 and is anchored by Dollar Tree and Hobby Lobby. Old Time Pottery is leasing 100 percent of Inland’s stake in Mosaic Crossing.
ST. LOUIS — Duke Realty Corp. has closed on two leases totaling 72,503 square feet in Class A office properties in Laumeier Office Park in St. Louis. The transactions include a 30,927-square-foot expansion by Panera Bread in Laumeier I, which brings the 116,277-square-foot building to fully occupancy. The second lease with New Balance Athletic Shoe Inc. is for 41,576 square feet in Laumeier II. Duke Realty owns and manages approximately 290,000 square feet in three Class A office buildings in Laumeier Office Park located at 3660 S. Geyer Road.
OAK BROOK, ILL. — Molina Healthcare has reached an agreement with owner The Davis Cos. to occupy 37,127 square feet of office space at The Crossings, a 303,510-square-foot office building. A Fortune 500 Company, Molina Healthcare provides quality healthcare to financially vulnerable individuals and families. Davis Cos. has invested $6.2 million in renovations of the building during the last three years. The Crossings was 93 percent leased at the time of sale, up 30 percent from 2010. Dan O’Neill of NAI Hiffman represented The Davis Cos. Charlie Copelan of McKinney Advisory Group of San Francisco represented Molina Healthcare in the deal.
CHICAGO — Fifield Cos. and national developer Wood Partners have received a partial certificate of occupancy for the $198 million K2, a 496-unit luxury apartment building in Chicago’s River West neighborhood. The certificate of occupancy is valid for the basement through the seventh floor of the 34-story apartment tower, and the first move-ins will take place March 1. Residences at K2 include studio, one-, two- and three-bedroom apartments. Interiors feature nine-foot ceilings, stainless steel appliances, granite counter tops and plank flooring. Rents range from $1,650 for a studio to $6,500 for a three-bedroom, three-bath penthouse. Locally based Fifield partnered with Wood Partners to break ground on K2 in October 2011. Construction for the entire building is nearly complete and leasing has begun.
BELOIT and GREEN BAY, WISC. — HREC Investment Advisors has arranged a $7.9 million loan for the refinancing of the 62-room Fairfield Inn in Green Bay and the 94-room Fairfield Inn & Suites in Beloit. HREC placed the five-year, fixed-rate conduit loan with an international investment bank. Scott Kaniewski represented the borrower in the deal.
WICHITA, KAN. — Locally based Occidental Management has acquired the historic Union Station campus in Wichita. While the purchase price was not disclosed, the list price for the property was $6.5 million. The 9.5-acre sit includes four buildings — two are listed on the National Historic Registry— totaling more than 111,000 square feet. NAI Martens represented the seller, Cox Communications in the deal. Occidental plans to convert the building to mixed-use including restaurant, retail and office spaces. Union Station is located in downtown Wichita, between the Old Town Entertainment District and the 15,000-seat INTRUST Bank Arena.
TROY, MICH. — Ride Control LLC has renewed its lease of 45,920 square feet of hi-tech space located at 950 Maplelawn Drive in Troy. John Boyd and Paul Hoge of Signature Associates represented the landlord, Troy Industrial LLC, and the tenant. Locally based Ride Control manufactures and supplies automotive shock absorbers and struts.