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.
CHICAGO — Vancouver, B.C.-based real estate developer Onni Group has acquired 200 N. LaSalle, a 30-story office building in Chicago, for a reported $101 million. Younan Properties said it sold the 645,170-square-foot tower as part of its deleveraging strategy to recycle capital and strengthen its balance sheet. Stephen Livaditis and Chang Lee of the Chicago office of Eastdil Secured represented Younan in the transaction.
CHICAGO — Ascent Corp. has secured $107 million in debt financing from a lending group headed by Bank of America Merrill Lynch. The funds will be used to expand the company's newest data center, CH2 in Chicago and enable the company to expand into new markets. Riaz Cassum, Michael Kavanau and Laren O'Neil of HFF served as advisor to Ascent on the deal.
JUNCTION CITY, KAN. — Colorado-based Prescott Family LLC has purchased The Bluffs, a 602-unit apartment complex in Junction City, for $43 million. The 536,236-square-foot property is adjacent to Fort Riley, a U.S. Army post, and includes one-, two- and three-bedroom units. The property is 98 percent leased. Alex Blagojevich, David Gaines, Richard Glinski and Jacob Steele of Marcus & Millichap represented the seller, The Bluffs LLC. Blagojevich, Gaines, Glinski and Steele also represented the buyer.
VAN BUREN TOWNSHIP, MICH. — Visteon Corp. has sold the Grace Lake Corporate Center in Van Buren Township to Sovereign Partners, for $81.1 million. The automotive supplier signed a 15-year lease for 572,000 square feet on the site where its corporate offices and innovation center will continue to be located. Under the agreement, Sovereign Partners will manage the 287-acre property, including all office buildings and a conference facility. The property's other tenants, GE and Dana Holding Corp., each have long-term leases that will remain in effect with the new property owner.
FRANKLIN, IND. — Stag Industrial has acquired a 703,496-square-foot warehouse and distribution facility in Franklin for $17.8 million. The building is fully leased to Anderson Merchandisers, which markets and distributes DVDs, movies and books, among other products. The company has 5 years remaining on its lease. The purchase brings Stag's total 2012 acquisition volume to approximately $65 million.