HANOVER PARK, ILL. — Marcus & Millichap has arranged the acquisition of 2470 Leslie Lane, a 12-unit apartment property, for $630,000. The multifamily building includes four 700-square-foot, one-bedroom units and eight 800-square-foot, one-bedroom units. Ryan Engle and Andrean Angelov of Marcus & Millichap represented the buyer and the seller, both private investors, in the transaction.
NEW LENOX, ILL. — An 11,996-square-foot CVS building has sold to a private group in Ohio for $400,000. The CVS/pharmacy location is corporately backed with a long-term, triple-net lease. The property was built in 2002 and is located approximately 36 miles southwest of downtown Chicago. Cleveland, Ohio-based Cooper Commercial Investment Group represented the buyer and the seller, a private group out of Illinois, in the deal.
CHICAGO — MJ Partners has arranged the acquisitions of five Chicago self-storage properties, including one location with a Walmart Express store, for a combined total of $41 million. Buffalo, New York-based Sovran Self Storage, a public self-storage REIT, purchased four of the self-storage properties, and one property was sold to Chicago-based Harrison Street Real Estate’s Core Property Fund. The portfolio includes: 253,320 rentable square feet of self-storage space with 3,164 storage units; a 15,000-square-foot Walmart Express and 84,586 square feet of commercial space. The portfolio also consists of a combination of new developments and renovations performed by John S. Mengel on behalf of Northfield, Ill.-based JSM Venture Inc. and the Matrix Midwest Storage Fund.
CHICAGO — A 41-unit multifamily property located at 6747-67 N. Sheridan Road in Chicago has sold for $4 million to an investment group. The apartment complex is three blocks away from Loyola University and is within close proximity to public transportation and Lake Michigan. The property also includes three leased commercial spaces and 28 garage parking spaces. The Kiser Group represented the buyer and the seller, a land trust, in this deal.
CHICAGO — Sperry Van Ness has arranged the sale of 112. S. Sangamon St., a five-unit multifamily property located in Chicago’s Wrigleyville neighborhood, for $2.4 million. The property, which was renovated in 2009, was fully occupied at the time of sale. Jeff Baasch of Sperry Van Ness executed the sale.
DOWNERS GROVE, ILL. — Marcus & Millichap has arranged the sale of 5140 Fairview Ave., a 12-unit apartment property, for $1.03 million. The property includes 12 two-bedroom units and features onsite laundry and 20 parking spaces. The multifamily complex is located in Downers Grove, about 22 miles west of Chicago. Ryan Engle and Andrean Angelov of Marcus & Millichap represented the seller, a private investor, and the buyer, a limited liability company.
CHICAGO — GLG International has acquired a 38,000-square-foot industrial building in Chicago, for $3.8 Million. GLG purchased the property, which is located at 2300 W. Lake St., to accommodate the company’s expansion. Built in 2000, the building features 12,000 square feet of cooler and 2,400 square feet of freezer space. Mark Nelson and Michael Nelson of locally based NelsonHill represented GLG. John Joyce, Ryan Phillips and Chris Ricketts of Newmark Knight Frank Epic represented the seller, J & S Produce, in this deal.
CINCINNATI — Holiday Office Park, a three-building, 349,000-square-foot office complex in Cincinnati, has sold for $2.6 million to Neyer Properties, a local full-service commercial real estate developer. The office complex is 51 percent occupied and faces the October 2014 departure of anchor tenant Paycor, a Cincinnati-based payroll services provider. The seller was Florida-based First City Financial Corp, which was represented by Cassidy Turley in the deal. First City purchased the property in November 2011 for $4.7 million.
LIBERTYVILLE, ILL. — A private investor has purchased a 27-unit apartment property in Libertyville, a northern suburb of Chicago, for $2.5 million. The property, which is located at 705 S. Milwaukee Ave., includes five one-bedroom units, 18 two-bedroom units and four three-bedroom units. Andrean Angelov and Ryan Engle of Marcus & Millichap represented the seller, a personal trust. James Clough of Marcus & Millichap represented the buyer.
MENOMONEE FALLS, WIS. — Ryan Cos. has completed construction on the new 145,000-square-foot Froedtert Health Menomonee Falls Clinic, a five-story medical office building. Located at the northeast intersection of Town Hall Road and Custer Lane in Menomonee, about 20 miles west of Milwaukee, the building will house more than 60 physicians and providers to complement the health services provided at the adjacent Froedtert Health Community Memorial Hospital. Wright Heerema Architects and Anderson Mikos Architects designed the building, which opened in December. Ryan Cos. provided design-build construction services and will manage the property.
