PORTLAND, IND. — Portland Development has purchased a 14,770-square-foot retail shopping center in Portland. The center is located at 1061 W. Votaw St. Stan Phillips of NAI Harding Dahm represented the seller, Rosefield Properties, in the transaction. Phillips also represented the buyer.
HAMILTON, OHIO — Duke Realty has broken ground on a 10,500-square-foot emergency department in Hamilton, which is north of Cincinnati. The department will be located near an existing inpatient facility on TriHealth's 5-acre campus. Duke Realty and Butler County Surgical Properties, a partnership of physicians employed by TriHealth, will jointly own the property. Bethesda North Hospital has fully leased the building for 15 years. PFB Architects is the architect for the project and Duke Realty is the general contractor. The building is expected to open in 2013.
COLUMBUS — Gladstone Commercial Corp. has purchased a 31,293-square-foot office building in Columbus for $4 million. The building is fully leased to Nationwide Children's Hospital (NCH), one of the largest children's hospital systems in the U.S. The property houses administrative personnel that support NCH's 50 medical locations across Ohio.
OMAHA, NEB. — Northern Tool + Equipment has signed a lease for 15,142 square feet of retail space at 7202 Pacific St. in Omaha. Clay Mote of Venture Commercial represented Northern Tool in the transaction. The landlord, MarVon LLC, was self-represented.
ST. LOUIS, MO.— Lakeside Property LLC, a private investment group, has acquired a 23,500-square-foot, mixed-use building in St. Louis for more than $2 million. BankLiberty was the seller of the building, which is located at 11401 Olive Blvd. The multi-tenant building is anchored by ground floor tenants Enterprise Bank and an insurance firm. The second floor of the building, totaling approximately 12,500 square feet, is vacant but fully furnished. Champion Bank developed the building in 2008. It occupied approximately 20,000 square feet of space until April 2010 when the bank’s assets, including this piece of commercial real estate, were taken over by the Federal Deposit Insurance Corp. BankLiberty was assigned the assets. David Biales and David Steinbach of Jones Lang LaSalle represented BankLiberty in the transaction.
SOUTHFIELD, MICH. — Ciena Healthcare, a leading provider of skilled nursing and rehabilitation care facilities in Michigan and Connecticut, has obtained a five-year, $29 million loan from Capital One Bank. The loan proceeds will be used to refinance three skilled nursing facilities in Michigan that were built since 2005. Southfield-based Ciena Healthcare operates 32 skilled nursing communities across the state and four communities in Connecticut. The company provides long-term care and short-term rehabilitative services. Capital One Bank is based in McLean, Virginia.
ST. LOUIS, MO. — HOK has been named executive architect on the long-term renewal project for the medical center campus on Kingshighway Boulevard in St. Louis, which encompasses Barnes-Jewish Hospital, St. Louis Children’s Hospital and Washington University School of Medicine. The campus renewal project will extend for 10 years. The overall project calls for increased critical care capabilities and additional private inpatient rooms, along with development of programs in medical and surgical services. BJC’s selection committee cited HOK's experience designing some of the world's most transformative healthcare facilities. These projects include the Barnes-Jewish Center for Advanced Medicine in St. Louis, and the expansion of the Ohio State University Medical Center campus in Columbus, Ohio.
MILWAUKEE — Harbor Pointe, a 596-unit apartment property in Milwaukee, has sold to a Denver-based buyer for $27 million. The 531,186-square-foot property is located at 9200 North 75th St. Units range from 502 square feet to 1,359 square feet and amenities include a clubhouse, indoor pool and tennis courts. Scott Harris and Matthew Whiteside of Marcus & Millichap represented the seller, a private investment group. They also represented the buyer.
MINNEAPOLIS — First and First LLC has purchased three office buildings in Minneapolis located at 244, 248 and 252 First Ave. in the Historic Warehouse District for $1.2 million. The buildings, known as the Yamamoto Moss Offices, total 42,000 square feet. Together, there are three office users that occupy 75 percent of the buildings. Josh Floring of The Ackerberg Group represented the seller, Yamamoto Moss Leasing Co., in the transaction.
ST. PAUL, MINN. — The Ramsey County Regional Rail Authority has selected Jones Lang LaSalle as the property manager and retail leasing agent for St. Paul Union Depot. The historic facility is undergoing a $243 million transformation from a defunct rail station to an active transit center in St. Paul's Lowertown neighborhood. It will be the terminus of the Twin Cities' new light rail transit line, which connects the downtowns of Minneapolis and St. Paul, local and inner-city bus service, taxis, Amtrak and, in the future, high-speed rail service to Chicago.