MINNEAPOLIS — Hyatt Regency Minneapolis has completed a $25 million renovation of the hotel's guest rooms, public areas and restaurants. A joint venture between affiliates Starwood Capital Group, Haberhill and Hyatt Hotels funded and conducted the renovations. Construction included the new Prairie Kitchen & Bar, a 5,500-square-foot restaurant specializing in locally grown and seasonal food. The project also included adding new furniture to the guest rooms, including leather chairs and walnut desks, and remodeling the bathrooms. New York-based Stonehill & Taylor was responsible for the architecture and interior design.
MARION, OHIO – The 426,905-square-foot Marion Towne Centre was sold to a private investment group for an undisclosed amount. Ben Wineman of Mid-America Real Estate and Select Strategies Realty’s Mike Paolucci and Hunter Whitten represented the seller, a lender, in the transaction. The buyer was self-represented. The single-story, enclosed regional mall is located 50 miles north of Columbus.
ELMHURST, ILL. – Nth Degree has inked a lease renewal for 3,696 square feet of flex space at the Elmhurst Metro Court in Elmhurst. Elmhurst Metro Court is a seven-building office/industrial campus. Carrie Wagener represented the landlord, Denholtz Associates, in the transaction. Nth Degree, a global marketing company, has 21 North American offices.
COLUMBUS, OHIO — NuGrowth Solutions has signed a lease for 16,930 square feet of office space at Arlingate Plaza, located at 4181 Arlingate Plaza in Columbus. Doug Falor of Cassidy Turley represented the landlord, Time Equities, in the transaction.
AURORA, ILL. — Duke Realty Corp. has purchased a 257,542-square-foot industrial facility at 940 N. Enterprise St. in Aurora for a reported $9.5 million. Brighton Best International, a distributor of fasteners screws and bolts, has signed a long-term lease for the entire building and will relocate its operations to the facility later this year. Built in 1998, the building includes 36 truck docks and four drive-in doors. David Bercu of Colliers International represented the seller, PanCal, 940 Enterprise LLC. Brian Colson and Eric Fisher of NAI Hiffman represented Duke Realty.
EAGAN, MINN. — Murphy Warehouse Co. has purchased a 350,000-square-foot warehouse facility at 905 Yankee Doodle Road in Eagan for $6.55 million. 99 Cents Only Stores was the seller. The property has been on the market since 2005 and terms of the deal were not disclosed. Murphy Warehouse owns 11 facilities in the Twin Cities, and the new Eagan logistics facility will serve customers in the food, medical, retail, paper and home construction industries. The new owners plan to invest $3 million in facility upgrades, including several sustainable features.
GARRETT, IND. — Bell Equipment Services has purchased a 14,420-square-foot industrial building in Garrett. The property is situated on 4.6 acres at 2431 Forrest Park Dr. Tyler Binkley of NAI Harding Dahm represented the seller, Multiple Trusts – Bertsch, in the transaction. He also represented the buyer.
OMAHA — NorthMarq Capital has arranged $7.4 million for the refinancing of Wyndham Villas, a 92-unit apartment property, in Omaha. John Bendon and Jason Kinnison of NorthMarq Capital arranged the 10-year loan through Freddie Mac. The loan contains a 30-year amortization schedule.
BALLWIN, MO. — Ramco-Gershenson Properties Trust has purchased Central Plaza, a 175,143-square-foot shopping center in Ballwin, for $21.5 million. Central Plaza is located along Manchester Road and is anchored by buybuy Baby, Ross Dress for Less, JoAnn and Office Max. Additional retailers include Tuesday Morning, Five Below and Famous Footwear. Ben Wineman of Mid-America Real Estate Group-Missouri LLC and Scott Seyfried of Pace Properties represented the seller, Pace Properties, in the transaction. The buyer was self-represented.
ROLLING MEADOWS, ILL. — The Marquette Cos. has completed its renovation of The Apartments at Woodfield Crossing, a 662-unit complex in Rolling Meadows. Marquette and its joint venture partner, The Davis Cos., purchased the community in 2010 and made a series of renovations including the replacement of exterior lighting and the installation of new roofs. Energy-efficient windows were added to 490 of the units as well as new patio doors. Marquette also upgraded the amenities, including the sand volleyball court and soccer field. The property is located at 4700 Arbor Drive and rents range from $845 to $1,425 per month.