CAMBRIDGE, MINN. — Opus Development Corp. has sold five acres of land in Cambridge to Mills Fleet Farm. The company recently purchased a nearby building, which it plans to convert into a store, and acquired the land for additional space. The parcel is located off of Highway 95 next to the Cambridge Retail Center, which includes a Target and Cub Foods. Mid-America Real Estate represented Opus in the transaction. Mills Fleet Farm is a family-owned retailer, which carries farm, horse, pet, automotive, clothing and other goods.
CHICAGO — Bill Etherton of DS Capital has arranged $75 million in permanent financing for 10 properties in Illinois and North Dakota. The firm secured $23.3 million for four apartment buildings in Chicago, $28.1 million for a medical office building in Bloomington, Ill., $5 million for a retail shopping center in Wheeling, Ill., and $6.1 million for an office building on South Wabash Avenue in Chicago. DS Capital also arranged $12.4 million for three Walgreens properties, two of which are located in downstate Illinois and the third located near Fargo, N.D.
LOMBARD, ILL. — Waste Management has signed a lease for 40,300 square feet of office space at Butterfield Centre in Lombard. The space is part of a 145,814-square-foot building located at 700 E. Butterfield Road. Property amenities include immediate access to I-88, newly renovated common areas, a conference center with auditorium and an on-site deli. Michael Van Zandt, Brian Edgerton and Matt Novak of NAI Hiffman represented the landlord, Travelers Insurance, in the transaction. John Musgjerd of Jones Lang LaSalle represented the tenant.
ST. PAUL, MINN. — Oak Grove Capital has arranged a $23 million HUD 221(d)(4) loan for the construction of West Side Flat Apartments in St. Paul. The property will contain 178 units on the corner of Fillmore Avenue and Wabash Street.
CHICAGO — Quantum Real Estate Advisors has arranged the $6.9 million sale of a 14,490-square-foot Walgreens property at 7901 S. Western Ave. in Chicago. Walgreens has 23 years remaining on its lease. Chad Firsel and Jordan Kaufman of Quantum Real Estate Advisors represented the seller, a private fund from Wilmette, Ill., in the transaction. The buyer was a private individual from California.
CHICAGO — Citadel has renewed its long-term lease for 222,416 square feet of office space at Citadel Center, a 1.4 million-square-foot high-rise in Chicago. The financial services company occupies the top six floors of the building. The building also houses J.P. Morgan Chase and three major law firms. Brian Whiting of The Telos Group and Mark Baby of J.F. McKinney & Associates represented the landlord, Dearborn Capital Group, in the transaction. Todd Lippman of CBRE Group represented the tenant.
KANSAS CITY, MO. — Ryan Transportation Group has acquired Glenwood I and Glennwood II, located on Metcalf Avenue in Kansas City. The office buildings, at 119,500 square feet and 151,900 square feet respectively, have been on the market since 2009. The building's major tenant, Embarq Corp. occupied the properties before the company sold and became CenturyLink. According to local reports, Deutsche Bank held a note on the buildings after the previous manager couldn't fill Embarq's vacancy. The seller hired Bob Fagan and Brent Roberts of CBRE Group to market the property. Ryan Transportation plans to occupy most of the space in 2013, following a renovation.
COLUMBUS, OHIO — Marcus & Millichap has arranged the $17.8 million sale of an eight-property U-Store-It self-storage portfolio for $17.7 million. The sale contains 3,232 units located throughout Ohio. Charles LeClaire and Brett Hatcher of Marcus & Millichap represented the seller in the transaction. The buyer is a Texas-based private investor.
CHICAGO — Walgreens opened its latest flagship store at 1601 N. Milwaukee Ave., in the historic Noel State Bank Building in Chicago. The company preserved much of the building's original architecture and even reused an old bank feature as a “Vitamin Vault.” Leopardo served as the general contractor for the project and Camburas & Theodore Architects provided architectural services. The Noel State Bank Building was constructed in 1919. The original bank fell victim to a run on the bank during the Great Depression. The building has housed several different banks over the decades, the last being Midwest Bank, which closed several years ago. The store will include a cafe and juice bar, a wine selection featuring more than 700 wines and expert eyebrow shaping and grooming services.
FORT WAYNE, IND. — Hall Aluminum Products has signed a lease for 47,668 square feet of industrial space at 2701 S. Coliseum Blvd. in Fort Wayne. The company designs, installs and repairs commercial architectural glass. Mike Dahm of NAI Harding Dahm represented the landlord, Wayne Coliseum Limited, in the transaction. He also represented the tenant.