ST. JOSEPH, MO. — Dick's Sporting Goods is opening a new location at Cook Crossing, located at 4202 N. Belt Highway in St. Joseph. The store will be the retailer's 10th store in the state of Missouri and 486th nationwide. Dick's Sporting Goods includes equipment, apparel and footware. The store will open April 25.
Midwest
DES MOINES — The Silverman family has purchased West Glen Tower, a mixed-use property in West Des Moines for $34.5 million. The 400,000-square-foot property includes retail, office, entertainment and apartment space. The mixed-use center was completed in 2008, with three lots yet to be developed. Based on local business journal reports, its 123 residential units are 70 percent occupied but its office buildings are largely vacant. World Group Commercial Real Estate of Omaha, an affiliate of the Silverman family, will manage the property. Metonic Real Estate Services represented the Silverman family, which owns developments across the Midwest, in the deal.
INDIANAPOLIS — Carrier Corp. has renewed a 436,343-square-foot lease for its distribution facility at 710 S. Girls School Rd. in Indianapolis. Carrier is a heating and air conditioning products distributor for the building systems industries. Randy Rome, Andrew Morris and Jeremy Woods of Cushman & Wakefield's Indianapolis office, along with Andrea Hopper of Summit Realty Group's Indianapolis office, represented the tenant in the deal. The landlord is Transpacific Development Co.
DUBLIN, OHIO — U-Haul Company of Ohio has purchased a 400-unit self-storage facility at 6405 Old Avery Rd. in Dublin. The 59,000-square-foot U-Haul Moving and Storage of Dublin includes outdoor, drive-up storage plus recreation vehicle and boat storage. The purchase price and the seller were undisclosed.
SCHAUMBURG, ILL. — KF Schaumburg LLC has sold The Streets of Woodfield, a 700,000-square-foot retail project in Schaumburg. Arrow Operating Acquisitions purchased the property, which is 98 percent leased and anchored by Whole Foods, Crate & Barrel, Dick's Sporting Goods and Carson Pirie Scott. The shopping center also includes a 20-screen AMC Theater and the U.S. flagship store for Legoland Discovery Center. The property is located at 601 N. Martingale Rd., adjacent to Woodfield Mall, a 2.2 million-square-foot super regional mall. Daniel Kaufman, Matthew Lawton, Jim Batjer and Barry Brown of HFF represented the seller in the deal. Trey Morshbach and Tim Joyce, also of HFF, arranged a $100 million, 4-year acquisition loan for the property through CIBC World Markets.
KENOSHA, WIS. — The Boulder Group has arranged the $1 million sale of a single-tenant McDonald's ground lease located at 3711 57th St. in Kenosha. McDonald's occupies 4,467 square feet in the retail building, which was developed in 2011. The company has a 20-year ground lease at this property with rental escalations throughout the lease term. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago development firm in the deal. They also represented the buyer, a private investor based in the Midwest.
LA VISTA, NEB. — Harrison Heights, a112-unit senior apartment community has opened in LaVista, a suburb of Omaha. Harrison provides independent living with no income restrictions for those age 55 and above. Located at 7544 Gertrude St., the apartments include one- and two-bedroom apartments. The apartments include a community room with kitchen, a lounge with fireplace and community laundry. Wheatfield, N.Y.-based Calamar owns the $10 million property.
OXFORD, OHIO AND RUSTON, LA. — Phillips Acquisitions has completed two student housing purchases. The first is a 548-bed complex near Miami University in Ohio. Candlewood Terrace Apartments will be renamed Oxford West. Over the past 27 years, Phillips has acquired and managed more than 7,500 beds. The other property is University Crossing Apartments serving Louisiana Tech University in Ruston. It is a 552-bed complex built in 2007. It will be managed by Phillips subsidiary, Phillips Property Management.
HOFFMAN ESTATES, ILL. — Hoffman Estates-based Sears Holding Corp. has completed the sale of 11 Sears locations to General Growth Properties for $270 million. The transaction includes three Midwest locations: 1481 Coral Ridge Ave. in Coralville, Iowa; 1751 Madison Ave. in Council Bluffs, Iowa; and 2000 N. Neil St. in Champaign, Ill. Sears has received the sale proceeds and the stores will continue to operate as Sears locations into 2013 or 2014. The final closing dates will be announced later this year.
HERMANTOWN, MINN. — Dougherty Mortgage LLC has arranged a $3.8 million FHA-insured loan for the refinancing of Green Acres, a 65-unit rental townhome property. Green Acres is located at 5060 Jennifer Circle in Hermantown, a suburb of Duluth. Ned Foster of Dougherty's Minneapolis office secured the 35-year, fixed-rate loan for GMP Living Inc.