OXFORD, OHIO — Morris, Smith & Feyh Inc. has arranged $2.8 million in first mortgage permanent financing for a 76-unit apartment complex in Oxford. Jeffrey Morris of Morris, Smith & Feyh negotiate the 10-year loan, which will amortize over 25 years, through a life insurance company. The borrower is Miller-Valentine Group.
KANSAS CITY, MO. — Northrop Grumman Technical Services has leased 7,950 square feet of industrial space at 1284-1288 Eisenhower Road in Kansas City. David Hinchman, Mike Mitchelson, Brian Staton, Joe Orscheln and Nicki Garrett of CBRE Group represented the tenant in the transaction. Mather Enterprises is the landlord.
CHICAGO — Specialty's Cafe & Bakery has signed a lease for 6,256 square feet of retail space at the Inland Steel Building, located at 77 S. Dearborn St. in Chicago. San Francisco-based Specialty's, which has existing downtown Chicago locations at 525 W. Monroe St. and 191 N. Wacker Drive, is projected to open the Inland Steel location in March 2013. John Vance of Stone Real Estate represented the owner, Capital Properties, in the transaction. Michael Havdala and Brenton Schrader of HSA Commercial Real Estate represented the tenant. SKB Architects is responsible for the design of the project and Turner Construction will serve as the general contractor.
RICHFIELD, MINN. — Marcus & Millichap has arranged the $326,500 sale of 7615 18th Ave. S., a 7-unit apartment building in Richfield. Joe Talberg of Marcus & Millichap represented the seller, a private investor. He also represented the buyer, a private investor.
TROY, MICH. — GLS Holding Co. has acquired a 32,700-square-foot industrial property at 1712-1730 Thunderbird Drive in Tory. Kris Pawlowski and Paul Hoge of Signature Associates represented the seller, Irene Vachon Trust, in the transaction.
ROMEOVILLE, ILL. — Liberty Property Trust has acquired a 723,291-square-foot industrial building at 1070 Windham Parkway in Romeoville. Home Depot, the current tenant, will occupy the building until its lease expires at the end of 2013. Jeff Devine and Steve Disse of Colliers International represented the seller, an institutional owner, in the transaction. The new owner plans to market the property through Colliers International in the coming weeks.
CHICAGO — The Roosevelt Collection, a mixed-use property at Roosevelt Road and Wells Street in Chicago, has secured several new retail tenants including Ulta Salon, H&M, Francesca's Collection, BlackFinn American Grille, Z Gallerie, Fleet Feet Sports, White House Black Market, Republic of Couture and Chica Loca. McCaffrey Interests and Canyon Johnson Urban Funds have been aiming to fill the surrounding retail space on the complex since buying the property last year. The Roosevelt Collection includes 342 fully leased apartments and 330,000 square feet of retail space. The owners plan to open The Shops at Roosevelt Collection in 2013, which will house the new tenants.
WAUWATOSA, WIS. — Nordstrom plans to open its first full-line store in the greater Milwaukee area at Mayfair, the largest mixed-use shopping center in Wisconsin. The 140,000-square-foot, three-level store is scheduled to open in Wauwatosa in the fall of 2015. Mayfair, which is owned by General Growth Properties, is home to more than 160 retailers including Macy's, Boston Store, Crate & Barrel and the Apple Store.
KANSAS CITY, MO. — Kansas City developer Dineplex International will begin construction next week on the inaugural location of STANDEES, a new restaurant and theater combination in the Village Shopping Center in Prairie Village. The restaurant will include seating at 43 booths and banquets, a 27-seat U-shaped bar and an outdoor patio. The three theaters average 85 seats with 31-foot wide screens and digital projection systems. The 14,000-square-foot property is slated to open in May 2013 at 3935 W. 69th Terrace.
CHICAGO — Consolidated-Tomoka Land Co. has acquired the ground lease for a JPMorgan Chase Bank property in Chicago for $3.8 million. The ground lease with JPMorgan Chase has 28 years remaining and rental rate escalations every five years.
