MADISON, WIS. — Northern Tool + Equipment has signed a new 15,000-square-foot retail lease at 2118 W. Beltline Highway in Madison, where it will join Steinhafels Furniture. Clay Mote of Venture Commercial, and an X Team International Partner, represented the tenant in the transaction. The landlord was self-represented.
TROY, MICH. — Canada-based Slate U.S. Opportunity (No. 1) Realty Trust has acquired Cambridge Crossings, a 238,963-square-foot community shopping center in Troy. The center is anchored by Walmart and additional tenants include Marshalls, Dollar Tree and Bailey's Pub & Grille. Walmart is currently expanding its store into a supercenter format. The center is located two miles from downtown Birmingham. Ben Wineman of Mid-America Real Estate Corp. and Daniel Stern of Mid-America Real Estate-Michigan Inc. represented the seller, a joint venture between LaSalle Investment Management and Kimco Realty, in the transaction.
COLUMBUS, OHIO — A joint venture between Driftwood Hospitality Management and Apollo Global Real Estate Management has purchased the DoubleTree Suites by Hilton Columbus Downtown. The hotel features 194 guestrooms and 2,600 square feet of event space. The property is within walking distance of the State Capitol, Ohio Supreme Court and Columbus City Hall. The property will continue to operate under the DoubleTree flag. The purchase marks the fifth hotel acquisition between the joint venture.
GREEN BAY, WIS. — Rubicon US Reit has purchased Bellevue Town Center, a 74,270-square-foot grocery-anchored retail center in Green Bay for $12 million in an off-market transaction. The fully occupied center is anchored by a 64,470-square-foot Copps grocery store. The center also includes seven small shop spaces totaling 9,800 square feet. The property is located at 2064 Lime Kiln Road. Greg Dietz and Danny Spitz of Baum Realty Group represented the buyer in the transaction. The seller was Outlook Development Group.
ELGIN, ILL. — Midwest Elite Gymnastics Academy (MEGA) is relocating from South Barrington to an 18,680-square-foot facility in Elgin, directly off Interstate 90. MEGA is a training facility for children and young adults for fun, fitness seekers and serious competitors. This year, MEGA included 25 individual state champions. The new gym will open this January. Olivia Czyzynski and Amy Kelly of Sperry Van Ness Advisors represented the tenant in the transaction.
FARMINGTON, MINN. — Oak Grove Capital has arranged an $11 million Fannie Mae loan for Country View MHC, a manufactured housing community in Farmington. The site contains 373 pads. Scott Streiff of Oak Grove secured the 10-year loan on behalf of the borrower, D.H. Gustafson.
ORION TOWNSHIP, MICH. — DLS Detroit has signed a lease for 55,968 square feet of industrial space at 325 Silverbell Road in Orion Township. DLS Detroit is a logistics company with services that include cross-border trucking, warehousing and distribution. Joe Hamway, Mark Hamway and Paul Hoge of Signature Associates represented the landlord, Ashley Capital, in the transaction. Joe Banyai, also of Signature, represented the tenant.
ELK RIVER, MINN. — Oak Grove Capital has arranged a $7.7 million loan for Evans Meadows, a 112-unit apartment community in Elk River. Ken Dayton of Oak Grove Capital's St. Paul, Minn. office arranged the 10-year loan through the HUD 223(f) program. The borrower is Bigos Management.
LISLE, ILL. — American Building Maintenance Co. has signed a lease for 8,196 square feet of office space at 550-650 Warrenville Road in Lisle. The building is located within the Corporetum Office Campus and includes on-site food service, a conferencing facility, fitness center and private corner balconies. Patrick Kiefer and Jim Adler of NAI Hiffman represented the landlord, Winthrop Realty Trust, in the transaction. Eric Sorensen of Cushman & Wakefield and David Anderson of Fritsche Anderson Realty Partners represented the tenant.
MENOMONEE FALLS, WIS. — Mobile Air Inc., a specialty HVAC company, has signed a lease for 9,600 square feet of warehouse space at 14624 Whittaker Way in Menomonee Falls. Bill Langhoff of Colliers International represented the landlord, First Industrial Realty Trust, in the transaction.