Midwest

SHOE DISTRIBUTOR TO EXPAND WISCONSIN HEADQUARTERS

by admin June 7, 2012

GLENDALE, WIS. — Opus Development Corp. will begin an expansion project for the Glendale headquarters of Weyco Group, a shoe distributor, later this month. Opus will construct a new building to link Weyco's main facilities to a newly acquired 80,150-square-foot warehouse adjacent to the property. The new construction and building purchase will result in 112,000 square feet of additional space. Construction on the project is scheduled for completion this October. The project will boost Weyco's total space to more than 1 million square feet.

June 7, 2012

BEST WAREHOUSING RENEWS LEASE AT FIRST ILLINOIS LOCATION

by admin June 7, 2012

CHICAGO — Atlanta-based Best Warehousing & Transportation Center has renewed its 56,051-square-foot lease at a West Chicago industrial facility owned by DCT Industrial Trust. Best Warehousing is a third-party logistics firm and the facility is its first location in Illinois. Brad Borkowski of HSA Commercial Real Estate represented the tenant in the transaction. David Prell and Kirk Armour of CBRE Group represented the owner.

June 7, 2012

Industrial Midwest

MHOC ACQUIRES 129,037 SF INDUSTRIAL FACILITY IN MICHIGAN

by admin June 7, 2012

MONROE, MICH. — MHOC LLC has purchased 1800 Frenchtown Center Dr., a 129,037-square-foot industrial facility in Monroe. Brad Viergever, Steve Gordon and Craig Herschel of Signature Associates represented the seller, Equity Industrial Monroe, in the transaction. Viergever and Jim Montgomery of Signature Associates also represented the seller.

June 7, 2012

Industrial Midwest

GLADSTONE COMMERCIAL CORP. BUYS BOTTLING PLANT FOR $7.1M

by admin June 6, 2012

OTUMWA, IOWA — GladStone Commercial Corp. has purchased a 352,869-square-foot bottling plant in Ottumwa for $7.1 million. The building is leased to the American Bottling Co. American Bottling is the largest operating subsidiary of Dr Pepper Snapple Group Inc., responsible for bottling and distributing beverage brands including Dr Pepper, 7UP, A&W, Snapple and Hawaiian Punch.

June 6, 2012

Midwest Retail

WS CAPITAL ACQUIRES HILLDALE SHOPPING CENTER

by admin June 6, 2012

MADISON — WS Capital Partners has acquired the 474,000-square-foot Hilldale Shopping Center in Madison for $52 million, following a sheriff’s sale. WS Capital acquired the defaulted first and second mortgages earlier this year. The Hilldale Shopping Center opened in 1962 and has been expanded and renovated several times, most recently in 2006. Anchor tenants include Macy’s and Metcalfe’s Market. In 2007, actor Robert Redford selected the center as the home to the first Sundance Cinemas.

June 6, 2012

Midwest Office

OPUS LEASES SPACE AT ARBOR LAKES NORTH END

by admin June 6, 2012

MAPLE GROVE, MINN. — Two new tenants have joined the Arbor Lakes North End building in Maple Grove. Elements Therapeutic Massage will occupy 2,150 square feet of ground-level retail space and Global Tax Network has leased 6,500 square feet of office space on the second floor. Kris Schisel and Molly Murnane of Colliers International represented Opus in the retail transaction. Jim Damiani, Brian Beltrand and Matt Delisle of Colliers International represented Opus in the office transaction.

June 6, 2012

Hospitality Midwest

BUDGET HOST INN CHANGES HANDS IN MINNESOTA

by admin June 5, 2012

NORTH BRANCH, MINN. — Marcus & Millichap has arranged the sale of Budget Host Inn & Suites, a 42-room economy hotel in North Branch. Jonathan Ruprai of Marcus & Millichap's Tampa office represented the seller, a financial institution. He also secured the buyer, a limited liability company.

June 5, 2012

Industrial Midwest

MIDWEST WAREHOUSE TAKES 59,521 SF IN ILLINOIS

by admin June 5, 2012

AURORA, ILL. — Midwest Warehouse, a third-party logistics firm, has signed a lease for 59,521 square feet of industrial space at 2707 Eola Rd. in Aurora. The 251,768-square-foot building is located just north of I-88. Brad Borkowski and Tim Thompson of HSA Commercial Real Estate represented the tenant in the transaction. David Prioletti and Kip Hennelly of CBRE represented the owner, Manulife Financial.

June 5, 2012

Midwest Retail

FIREWORKS COMPANY INKS LEASE IN FORT WAYNE

by admin June 5, 2012

FORT WAYNE, IND. — Pyromaniacs Inc., a fireworks retailer, has signed a lease for 2,740 square feet of retail space at 5911 N. Clinton St. in Fort Wayne. Greg Conkling of NAI Harding Dahm represented the tenant in the transaction. He also represented the landlord, Tower Bank and Trust.

June 5, 2012

Midwest Multifamily

MARCUS & MILLICHAP ARRANGES SALE OF 71-UNIT APARTMENT BUILDING

by admin June 4, 2012

HILLSIDE, ILL. — Marcus & Millichap has arranged the $3.4 million sale of Hillside Apartments, a 71-unit property at 600 N. Wolf Rd. in Hillside. The property contains three nine-unit buildings; two, 10-unit buildings; and two, 12-unit buildings. Jim Walsh of Marcus & Millichap's Chicago office represented the seller, a private investor. James Clough, also of Marcus & Millichap's Chicago office, represented the buyer, a limited liability company.

June 4, 2012

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