MENDOTA HEIGHTS, MINN. — Opus Design Build LLC has been selected by St. Thomas Academy to build a 95,000-square-foot activities center in Mendota Heights, a southern suburb of the Twin Cities. The center will include two, large gymnasiums, including a competition gym with retractable bleachers capable of seating 1,600 spectators. It will also house a fitness and weight room, locker rooms, health education classrooms and offices for coaches and physical education instructors. The new facility will be connected to the existing main school building by a two-story structure. The first story will include a school store and classroom space and the top level will include art studios and choir and band rooms. Crews will break ground in late April and the project is slated for completion this spring. Opus AE Group will serve as architect and structural engineer for the project.
Midwest
HAZELWOOD, MO. — Construction is complete on a new $6 million auto dealership for Mungenast Hyundai in Hazelwood, located north of St. Louis. The new 37,500-square-foot dealership will be used for automobile sales, repair, storage and detailing. The building's features include a coffee bar and a drive-thru space for customers to drop-off and pick-up cars. Swansea-based Holland Construction Services built the facility and the architect was Chesterfield-based HDA Architects.
FORT WAYNE, IND. — Paragon Fitness LLC has signed a lease expansion for 1,539 square feet at its CrossFit Training facility at 829 Lawrence Dr. in Fort Wayne. John Caffray of NAI Harding Dahm represented Paragon in the transaction.
CHICAGO — CIM Group has acquired Block 37, a five-story retail center on the State Street corridor in Chicago's Central Loop, for an undisclosed amount. The 275,000-square-foot retail center is located directly across the street from Macy's State Street, the second largest department store in the nation. Tenants include Anthropologie, Sephora, Disney and Zara. The retail center is approximately 30 percent leased and CIM plans to lease the balance of the building to national and local retailers.
OAKBROOK TERRACE, ILL. — Kemper Corp., a national financial services provider, has signed a 30,462-square-foot office lease renewal at Oakbrook Terrace Tower in Oakbrook Terrace. Andrea Van Gelder, Diana Riekse and Kellen Monti of Jones Lang LaSalle's Chicago office represented the tenant in the transaction. Bruce Renwick, also of firm's Chicago office, represented the building owner, Arden Realty Inc.
NORTH OLMSTED, OHIO —NorthMarq has arranged $14.2 million in first mortgage refinancing for Butternut Ridge Apartments, a 261-unit multifamily property in North Olmsted. Sue Blumberg of NorthMarq's Chicago office arranged the loan for the borrower, JVM Butternut Apartments LLC, through Freddie Mac. The 7-year loan has a 30-year amortization schedule.
ST. PAUL, MINN. — Felcor Lodging Trust has agreed to sell six hotels for $103 million to an undisclosed buyer. The portfolio consists of 1,527 rooms, including the Embassy Suites in St. Paul and Boca Raton, Fla. The acquisition also includes the Holiday Inn San Antonio-Airport, the Sheraton Suites Ft. Lauderdale-Cypress Creek and Doubletree Guest Suite hotels in Raleigh/Durham and Tampa. The deal is expected to close in the second quarter.
CHICAGO — Summit Design + Build LLC has been selected as the general contractor for American Society for Surgery of the Hand's (ASSH) new corporate headquarters. The facility will be located at 822 W. Washington Blvd. in Chicago. Crews will reconstruct an existing, 30,000-square-foot office and warehouse structure and install a new elevator, stair systems and plumbing. ASSH will occupy the entire second floor, while the first floor will contain loft-style office space. The ASSH build-out will include private offices, a conference room and a yoga room. MRSA Architects and Planners is designing the project, which is scheduled for completion in the second quarter of this year.
LENEXA, KAN. — Maxus Realty Trust has purchased the Rosehill Pointe Apartments for $28.7 million in Lenexa, a suburb south of Kansas City. Constructed in 1985, the 498-unit complex is located along West 87th Street. Jeff Stingley of CBRE's Kansas City office represented the seller, New York-based CLK Multi-Family and an affiliate of Houlihan Parnes Realtors LLC, in the transaction.
CHICAGO — New York-based Samson Management has sold 2778 N. Milwaukee in Chicago for $2.4 million to an undisclosed buyer. The 42,000-square-foot, mixed-use property is occupied by Gap Outlet on the ground floor. The retailer recently renewed its 12,000-square-foot lease for another five years. The remaining storefront is leased to a currency exchange on a year-to-year basis. The buyer plans to redevelop the vacant top three floors into rental apartments. Michael Bennet of Newmark Knight Frank represented the seller in the deal. Matt Welke of Essex Realty represented the buyer.