CHICAGO — Parisian fashion retailer Yves Saint Laurent has leased 2,375 square feet in the Waldorf Astoria Hotel at 11 East Walton St. in Chicago. The boutique will offer men and women's clothing and accessories. Additional high-end retailers in the area include Barneys New York, Hermes, Lululemon, Oliver People and Scoop NYC. Janika Brenner and Adam Secher of Baum Realty Group represented the tenant in the transaction. First Elysian Hotel Co. is the landlord.
LAVISTA, NEB. — NorthMarq Capital has arranged $24 million for the refinancing of The Pointe and East Pointe Apartments, a 480-unit, market-rate apartment community in LaVista. John Reed of NorthMarq arranged the 10-year loan, which will amortize over 30 years, through AmeriSphere Multifamily Finance. Green Pointe LLC is the borrower.
ROGERS, MINN. — ADO Products has signed a lease for 57,067 square feet in a new bulk warehouse building at the Liberty Industrial Park at Diamond Lake – Building 2 in Rogers. The 227,000-square-foot property is located at 13220 Wilfred Lane North and ADO expects to move into the facility in March 2013. Liberty Property Trust acquired land for the building in 2011 and invested $14 million for the development. Jeff Minea of CGC Commercial represented the tenant in the transaction.
PORTAGE, IND. — Marcus & Millichap has arranged the $25.1 million sale of Willow Creek Estates, a 342-unit apartment complex in Portage, approximately 30 miles southeast of Chicago. The 335,448-square-foot property, located at 5990 Woodland Drive, is 97 percent occupied. Scott Harris and Kyle Shoemaker of Marcus & Millichap represented the seller, an Indiana-based apartment company. They also represented the buyer, an apartment company based in Illinois.
BETHANY, MO. — AmeriBid is conducting a bank-ordered auction of a medium security prison facility in Airpark Industrial Park in Bethany. The auction will take place via a sealed bid format on Wednesday, Jan. 30. The property was built in 2005 on 14.5 acres, and includes 12-foot walls and concrete floors. The building has a modular layout with a central control area in the middle and four large rooms, or pods, branching from it. There are a total of 240 beds. Visit www.ameribid.com for more information.
MILWAUKEE — Dollar General has signed a lease for 9,952 square feet of retail space at Silver Bay Plaza, located at 1935 W. Silver Spring Drive in Milwaukee. Jon Thoresen of Commercial Property Associates represented the landlord, Silver Bay Plaza, in the transaction.
CLEVELAND — The Cleveland Municipal School District's (CMSD) headquarters building will be offered for sale at an open outcry auction Thursday, March 7 at the Sheraton Cleveland Airport Hotel. The 209,359-square-foot property is located at 1380 E. 6th St. in Cleveland. Across the street from the CMSD building is the site for the new $460 million Medical Mart and Convention Center, which is scheduled to open in the summer of 2013. Prospective purchasers should call CBRE Auction Services at 1-800-815-1038.
ST. PAUL, MINN. — The Ramsey County Regional Railroad Authority has marked the completion of a $243 million restoration project at the Union Depot train station in St. Paul. Transportation services have also returned to the 90-year-old structure, which hasn't been open to the public since the last train served the station in 1971. The project included rebuilding the train deck and tracks, constructing a new multilevel passenger drop-off entrance with ticket and baggage counters and repainting and restoring plaster in the waiting room. Crews also restored the Fourth Street entrance to its original design. The project team included Mortenson, URS Corp. and HGA Architects.
NAPERVILLE, ILL. AND INDIANAPOLIS — Inland Real Estate Corp. has sold two Midwest retail properties for a combined $7.5 million. Inland sold the 67,632-square-foot Butera Market shopping center in Naperville for $5.7 million. The buyer was an independent owner-operator of the property's anchoring supermarket. On the same day, Walmart Stores acquired the company's 67,541-square-foot retail property in Indianapolis, which was formerly leased to Cub Foods.
WAYNESVILLE, MO. — Love Funding has arranged an $18.2 million refinancing loan for Four J Apartments, a market rate community in Waynesville. Harry Cheatham of Love Funding's St. Louis office secured the financing through the U.S. Department of Housing and Urban Development's 223(f) loan program. The program allowed the borrower to consolidate 12 loans into a fixed-rate, non-recourse loan with a 35-year term. Four J Land and Cattle Co. developed the 232-unit property in 2010.