GENEVA, ILL. — Duke Realty Corp. has expanded its industrial building at 1800 Averill Road in Geneva by 163,214 square feet to accommodate the needs of Peacock Engineering Co. The packaging company will continue to lease the existing 243,000-square-foot building, as well as the new expansion space. Peacock has also renewed its lease at 720 Center Ave., a 360,648-square-foot Duke Realty building in Carol Stream. Brian Kling of Colliers International represented the tenant in the lease transactions. Duke Realty was self-represented by Susan Bergdoll.
SPRINGFIELD AND STERLING HEIGHTS, MICH. — Stag Industrial has acquired a 217,000-square-foot warehouse and distribution facility in Springfield. In a separate transaction, the company also purchased a 108,000-square-foot light manufacturing and warehouse facility in Sterling Heights. The deals cost a total of $13.4 million. The Springfield building is fully leased to Big Y Foods, which uses the building as its main distribution center for dry goods. The Sterling Heights property is fully leased to Sodecia North America, which supplies components to the automotive industry.
LIVONIA, MICH. — Promanas has acquired a 184,020-square-foot industrial building at 12001 Farmington Road in Livonia. Steve Gordon of Signature Associates represented the seller, Quality Metalcraft Inc., in the transaction. Bruce Morrison, also of Signature Associates, represented the buyer.
ARLINGTON HEIGHTS, ILL. — Cohen Financial has arranged a $5.5 million loan for the refinancing of Commerce Pointe I, an office building in Arlington Heights, a Chicago suburb. Located at 3800 N. Wilke Road, the 90,000-square-foot building is 22 percent occupied. Don Trossman of Cohen Financial secured the three-year loan through A10 Capital. The loan will also provide funds for future tenant improvements and leasing commissions for new leases. The borrower is a Chicago-based client of Cohen Financial.
STILLWATER, MINN. — A 19,250-square-foot industrial property at 1790 Washington Ave. in Stillwater has sold to a limited liability company for $1.8 million. The property is located off Highway 36. Two long-term tenants have occupied the property since its construction. Michael Ahles of Marcus & Millichap represented the seller, a private investor. He also secured the buyer.
CAROL STREAM, ILL. — COM2 Computer Recycling has signed multiple transactions in Carol Stream, increasing its footprint in the city to 261,357 square feet. COM2 penned a lease for 175,000 square feet at 500 Kehoe Blvd. The company also renewed its lease within its current office and processing facility, located at 140 E. Fulleton Ave. COM2 occupies 86,357 square feet in the facility. John Whitehead of NAI Hiffman represented the tenant in both transactions. John Cash and David Haigh of NAI Hunneman represented the landlord, 500 Kehoe LLC, in the new lease.
SAVAGE, MINN. — Work is completed on the new Savage Sports Center, a 108,100-square-foot seasonal athletic facility, located in Savage Community Park. The air-inflated structure houses three fields, three batting cages and golf netting. An attached 5,000-square-foot building houses a concession area, lounge, restrooms and offices. The City of Savage owns the center, which will be open from November to April. The city constructed the property to provide indoor training space for local youth athletic groups and expand recreational activities for the city.
INDIANAPOLIS — Johnson Capital has arranged an $11.2 million permanent loan for a Class A 148-unit multifamily property in Indianapolis. The garden-style complex is approximately 10 years old. The units are spread across more than 20 buidlings and amenities include a swimming pool and fitness center. The property is owned by a Midwest-based commercial real estate company. Kent Carpenter of Johnson Capital arranged the 10-year loan through Fannie Mae.
LYNDHURST, OHIO — Granite City Food & Brewery has leased 10,921 square feet of space at Legacy Village in Lyndhurst. The full-service restaurant and brewery will join tenants such as Cheesecake Factory and Bar Louie in early 2013. This is the company's second location in Ohio, with 28 other locations in the Midwestern states. Tori Nook of Kowit & Passov Real Estate Group represented the tenant in the transaction.
TOLEDO, OHIO — The Historic Hillcrest, a nine-story apartment building in Toledo, has sold for $2 million. The property was originally built as a hotel in 1927. In 1999, the building underwent a $12 million conversion to include 106 apartment units, with floor plans that average 1,025 square feet. The building also contains 8,000 square feet of vacant commercial space on the street level. Cary Belovicz of Commercial Property Advisors represented the seller in the transaction.