PLYMOUTH AND SHAWANO, WIS. — Agree Realty Corp. has sold the Plymouth Commons shopping center and the Shawano Plaza shopping center in Wisconsin for $7.4 million. The 161,000-square-foot Plymouth Commons in Plymouth is anchored by an 86,479-square-foot Kmart and a 39,352-square-foot Pick'n Save. The 193,000-square-foot Shawano Plaza in Shawano is anchored by a 86,479-square-foot Kmart and a 47,047-square-foot Pick'n Save. Agree plans to redeploy the capital into acquiring and developing single-tenant properties, net leased to leading retailers.
KANSAS CITY, MO. — The Hills Partners has acquired Sycamore Hills, a 207-unit apartment property in Kansas City for $4.3 million. The property is located at 506 NW 55th Terrace and consists of nine two-story buildings. Alex Blagojevich and David Gaines of Marcus & Millichap represented the seller, Sycamore Hills LLC, in the transaction. They also represented the buyer.
GARDNER, KAN. — Chambers Street Properties has purchased a fully leased 1.1 million-square-foot warehouse and distribution facility in Gardner, a suburb of Kansas City. The acquisition includes an adjacent 20.3 acres, which is currently zoned for 450,000 square feet of additional warehouse and distribution space. The single-story building was completed in 2009 and is the primary distribution center for Coleman Co., a sporting goods manufacturer. The property is leased through January 2020. The building is less than five miles from BNSF Railway's $250 million railroad-to-truck Intermodal Center, due for completion next year.
AURORA, ILL. — Phonak LLC has purchased a 92,692-square-foot flex building at 444 North Commerce Dr. in Aurora for $4.7 million. Phonak was an existing tenant within the building and originally leased 27,095 square feet in 2011. Dan O'Neill, Jeff Fischer and Kelly Disser of NAI Hiffman represented the seller, Duke Realty, in the transaction. Sven Sykes and RIck Morris of Colliers International represented the buyer.
BLOOMINGTON AND ROSEVILLE, MINN. — Cost Plus World Market is returning to the Minneapolis-St. Paul market this September, after leaving the Twin Cities market in 2009. The company is opening two stores in the area Sept. 13. One will be located at 4250 West 78th St. in Bloomington and another will open at the Rosedale Marketplace at 2401 Fairview Ave. North in Roseville. Cost Plus World Market is a specialty retailer known for furniture, home decor and gifts from across the globe.
CHSTERFIELD, MO. — The International Union of Painters and Allied Trades, District Council #2 has opened a $3.5 million training center at 18036 Eads Ave. in Chesterfield. The 75,000-square-foot training facility more than triples the school's previous space and unites classes once spread among five buildings in St. Louis. The facility is aimed at advancing skills in residential and commercial painting and industrial painting, as well as other finishing trades. The building includes six classrooms, mock structures for interior and exterior training and a blueprint room. The project team included Charles E. Bell Architects, RPA Construction Services and J.W. Fuller Construction.
JENNINGS, MO. — Genx Clothing has signed a lease for 7,950 square feet of retail space at Buzz Westfall Plaza on the Boulevard, located at 8035 West Florissant in Jennings. Grant Mechlin of Sansone represented the landlord, Sansone Plaza on the Boulevard LLC, in the transaction.
CHICAGO — Tricap Chicago has acquired a 31-unit apartment building at 4740 South Greenwood Ave. in the historic Kenwood neighborhood of Chicago, for $1.2 million. The firm plans to completely gut and remodel the three-story building. The building dates back to the 1920s and is located less than four blocks from the home of Kenwood's best-known residents, President Barack Obama and his wife Michelle. Tricap Chicago expects the apartment building to be ready for lease in the spring of 2013. The seller was a private family estate.
MOORESVILLE, IND. — McShane Construction Co. has been selected to provide the design/build construction services for a warehouse and office addition for PacMoore Corp., located at 100 PacMoore Parkway in Mooresville. The 99,100-square-foot expansion broke ground at the PacMoore Process Technologies facility. The project will include an 87,500-square-foot expansion to the existing warehouse and a two-story, 11,600-square-foot office addition. PacMoore specializes in dry food processing and packaging. The warehouse phase of the project is scheduled for completion in October, followed by the completion of the office addition in January 2013.
CHICAGO — Marcus & Millichap has arranged the $667,500 sale of a six-unit apartment property in Chicago's Andersonville neighborhood. The property, constructed in 1912, is located at 1516-1518 West Victoria St. Kyle Stengle and Kevin Schnell of Marcus & Millichap represented the buyer, a personal trust, in the transaction.