MOKENA, ILL. — Irgens has begun developing Mokena Medical Commons, located on 191st St. in Mokena, about 35 miles southwest of Chicago. Women’s Healthcare of Illinois, a group that provides comprehensive woman-focused healthcare services, has committed to lease 15,000 square feet at the single-story, 30,000-square-foot, Class A facility. The 3.7-acre site will allow for a flexible floor plan to accommodate tenants of all sizes, an abundance of surface parking and customized suites.
WAUKEGAN, ILL. — NorthMarq’s Chicago regional office has arranged $32.9 million in first mortgage refinancing for Landings at Amhurst Lake, a 340-unit in Waukegan. The market-rate multifamily community is located at 1375 S. White Oak Drive, approximately 50 miles north of Chicago. The 10-year loan includes three years of interest-only payments and a 30-year amortization schedule. Sue Blumberg, senior vice president and managing director of NorthMarq arranged the financing for the borrower, Northern Crossing JV LLC, through its seller-servicer relationship with Freddie Mac.
CINCINNATI — Oakbrook Terrace, Ill.-based Mid-America Real Estate Corp. has brokered the $30 million sale of Colerain Towne Centre, a 400,000-square-foot power center in Cincinnati. A private real estate company purchased the center from New York-based Kimco Realty. Walmart Supercenter, Dick’s Sporting Goods, Jo-Ann Fabrics, PetSmart and Hobby Lobby anchor Colerain Towne Centre, which is located on the northeast quadrant of Colerain Avenue and I-275. Joe Girardi and Ben Wineman of Mid-America Real Estate Corp. represented the seller in the transaction in cooperation with Amy Holter of Anchor Associates. The buyer was self-represented.
WOODRIDGE, ILL. — Greystone has provided an $8.5 million FHA loan for Hawthorn Ridge Apartments, a multifamily complex in Woodridge, located about 30 miles west of Chicago. Hawthorn Ridge Apartments includes 176 units, a pool and a small park. Naftali Schuss of Greystone’s New York City office arranged the financing.
ANN ARBOR, MICH. — Seva Restaurant has signed an eight-year lease for 5,500 square feet at Westgate Shopping Center in Ann Arbor. Jim Chaconas and Brendan Cavender of Colliers International Ann Arbor represented the landlord, Westgate Shopping Center, and the tenant in the transaction. Seva Restaurant is a local vegetarian eatery currently based in downtown Ann Arbor.
CHICAGO — Related Midwest has completed its redesign of The Grant, a 54-story condominium tower in downtown Chicago. Located at 1201 S. Prairie Ave. and named for its proximity to Grant Park, The Grant features redesigned residences and common areas and more amenities and services. Amenities at the tower include a fitness center with an indoor pool, hot tub, locker rooms, a screening room and lounge with projection screen, a pet grooming area and outdoor dog park. The condominium tower is one of three previously stalled South Loop towers taken over by Related Midwest last year and relaunched this spring as the South Loop Luxury by Related collection. Residences at The Grant range from 1,207 to 3,000 square feet and are priced from the $300,000s to more than $2 million. Related Midwest teamed up with Simone Deary Design Group to redesign the building’s common areas and amenity spaces.
CHICAGO — Sperry Van Ness Chicago Commercial has completed the sale of a mixed-use property in Chicago's West Loop for $3.4 million. The 23,000-square-foot property, located at 413 N. Carpenter/410 N. Morgan, includes 10 loft-style apartments, approximately 11,000 square feet of commercial space and an adjacent 30-car parking lot. Previously owned by a division of Chicago-based Ansley Materials, the property was purchased by an entity controlled by Skokie, Ill.-based Ravine Park Partners. Wayne Caplan of Sperry Van Ness was the sole broker in the transaction.
PLAINFIELD, IND. — USAA Real Estate Co. has hired Cassidy Turley to manage three industrial buildings in metro Indianapolis totaling more than 2 million square feet. This portfolio marks Cassidy Turley's first partnership with USAA Real Estate Co. in the Indianapolis region. The properties in Plainfield include the 493,000-square-foot Plainfield Distribution Center at 2150 Stanley Drive; the 770,640-square-foot GreenParke at Airwest at 3747 Plainfield Road; and the 804,586-square-foot Airwest Distribution Center at 2801 Airwest Blvd. Leading the assignment for Cassidy Turley will be Timothy Michel, senior managing director and principal; Cheri Shepherd, managing director and principal; and Tracy Johnson, property manager. Additionally, Luke Wessel, senior managing director and principal at Cassidy Turley, will lead leasing efforts at GreenParke at Airwest.
PLAINFIELD, IND. — The Opus Group plans to develop and construct two speculative industrial warehouse buildings totaling 924,530 square feet at the Plainfield Business Center in Plainfield, a western suburb of Indianapolis. Milwaukee-based Northwestern Mutual will own the buildings. Construction on both buildings began in early July. Located on 52 acres of land north of I-70 near downtown Indianapolis, the project includes two side-by-side warehouse buildings known as Airwest 12, totaling 448,305 square feet, and Airwest 13, totaling 476,225 square feet. The project is slated for completion in spring 2014. Opus Development Co. LLC is the developer, Opus Design Build LLC will serve as the design-builder and Opus AE Group LLC is the project architect.
MAPLE GROVE, MINN. — SilverCrest Properties LLC and Ryan Cos. have purchased land in Maple Grove, a northwest suburb of Minneapolis, to co-develop a new 260,000-square-foot senior living community. Phase I of the two-phase development is a $34 million campus situated on nine acres at WeaverLake Road and Main Street. The four-story building will include 182 units and feature a mix of independent living, assisted living and memory care. The City of Maple Grove sold the land to SilverCrest and Ryan Cos. Construction for Phase I is scheduled to begin in September. The architectural design team on the project is Harriss Architects and Pfister & Associates.