ST. LOUIS — McGrath & Associates has completed construction of a $1.8 million bone marrow transplant center at Saint Louis University Hospital. Located within the Saint Louis University Cancer Center, the 9,900-square-foot facility, designed by Fox Architects, is the first comprehensive outpatient bone marrow transplant center in the region. The center was constructed in an existing hospital space, and the expected open date is unknown.
BOLINGBROOK, ILL. — Penn Station Subs and Integrity Dental Associates have each signed leases for 1,600 square feet of retail space at Country Aire Commons shopping center in Bolingbrook. Both tenants are scheduled to open their doors in early 2013. Located in Country Aire Commons at 266-286 S. Weber Road, the center currently has two vacancies remaining. NAI Hiffman’s Claire Bitautas and Anne Callard represented Garber Properties, the landlord in the transaction. Bill Selonick of Newmark Knight Frank represented Penn Station Subs, and Karen Kramford of Ryan Hill Realty represented Integrity Dental.
LEE’S SUMMIT, MO. — Block & Co. Inc. Realtors has sold Chapel Ridge Shopping Center, a 90,000-square-foot retail property in Lee’s Summit. The center is anchored by Price Chopper grocery store and is located at the intersection of I-470 and Woods Chapel Road. Enterprise Lakewood LLC has agreed to purchase the building. David Block and Bill Maas of Block & Co. negotiated the transaction.
MINNEAPOLIS — AECOM Technology Corp. will provide preliminary engineering work on the Southwest Light Rail Transit line in Minneapolis. The Los Angeles-based corporation was awarded a $16.8 million contract by the Metropolitan Council of the Twin Cities to provide the services for the western half of a 15.8-mile corridor that will include 17 new stations stretching from downtown Minneapolis through several southwestern suburban cities. Construction is set to begin in 2015, with the line scheduled to begin operating in 2018.
MONTGOMERY, ILL — Chicago-based Quantum Real Estate Advisors has arranged the $2.7 million sale of the 11,188-square-foot Blackberry Creek Shopping Center located on Orchard Road in Montgomery, about 44 miles west of Chicago. The building is fully occupied by both national and regional tenants, which include: Jimmy John’s, T-Mobile, Sports Clips and Rosati’s Pizza. Chad Firsel, president of Quantum Real Estate Advisors, represented the seller, a developer based in Chicago. Daniel Waszak, senior vice president of Quantum, represented the private buyer.
CHICAGO — The Chicago office of Duke Realty Corp. has renewed industrial leases at four properties totaling 664,680 square feet. With these renewals, Duke Realty’s Chicago industrial portfolio is 99 percent leased. The properties include: the 145,00-square-foot TCG Packaging building in Bolingbrook with the Development Corp. representing TCG; the 187,000-square-foot Harmon industrial building in Bolingbrook with Colliers International representing Harmon; the 354,000-square-foot Innotrac building in Bolingbrook with CBRE representing Innotrac; the 304,634-square-foot Sysco Guest Supply building in Carol Stream with CBRE representing Sysco.
PALATINE, ILL — Marcus & Millichap Real Estate Investment Services has arranged the sale of an 14,388-square-foot retail property in Palatine for $1.5 million. The net-leased property, Baldwin Plaza, is located at 1625 North Baldwin road and is fully leased to eight tenants. Four tenants have occupied the retail center for more than 10 years. Sean R. Sharko, Ryan D. Engle, Adrian Mendoza, Austin Weisenbeck and Adam Fortino, investment specialists in Marcus & Millichap’s Oak Brook office represented the seller, a private investor. The buyer, a private investor, was represented by Adrian Mendoza, Sean R. Sharko and Austin Weisenbeck.
VALPARAISO, ILL — Inland Real Estate Corp. has acquired the 137,509-square-foot Valparaiso Walk shopping center located at Silhavy Road and LaPorte Avenue in Valparaiso fo $21.9 million . The center is 100 percent leased, and anchored by Bed Bath & Beyond, Marshalls, Best Buy and Michaels and shadow-anchored by Aldi and Menards. Houston based CBRE Capital Markets represented the seller, IBT Group LLC in Chicago.
WOODBURY, MINN. — Hunter Hotels Advisors has closed on the $14 million sale of the 150-room Sheraton Woodbury hotel located in the Twin Cities market. Schulte Hospitality Group in Kentucky purchased the five-story hotel, which was built in 2008. Atlanta-based Hunter Hotel Advisors represented both Schulte and the owner, Minneapolis-based Dougherty Funding in the deal.
KOKOMO, IND. — Marcus & Millichap Real Estate Investment Services has arranged the sale of an 1,800-square-foot Starbucks in Kokomo. The net-leased property is located at 512 East Alto Road on the corner of U.S. Highway 31. Philip Levy and Alvin Mansour of Marcus & Millichap represented the seller, a limited liability company, and the buyer, a private investor.
