LAWRENCE, KAN. — Ross Dress for Less has signed a 22,000-square-foot lease at Pine Ridge Plaza in Lawrence. The owner, Retail Properties of America, was represented in-house by Maria Pope. Pine Ridge is a 236,492-square-foot shopping center and is located less than three miles from the University of Kansas.
ST. PAUL, MINN. — FILO Productions, an event management company, has signed a lease for 25,000 square feet of office and warehouse space at 1810 Como Ave. in St. Paul. Joe Hughes and Jerry Driessen of CBRE Group represented the tenant in the transaction. Wellington Management owns the property.
CHICAGO — Summit Design + Build has been selected to expand Little Goat, a diner, bar and bakery at 820 W. Randolph St. in Chicago. Stephanie Izard and BOKA Restaurant Group are the owners and developers of the project. Izard is the season four winner of “Top Chef,” a reality show that airs on the TV network Bravo. Little Goat is the second restaurant opened by Izard and BOKA in Chicago. Construction plans include stripping down the 10,000-square-foot building to the bare structure, installing a new elevator and adding square footage to the second floor. The build-out will include multiple custom kitchens, a 100-seat diner and a barista bar. Jonathan Splitt Architects is the project architect and Toronto-based Anacleto Design is the project designer. Construction is scheduled for completion in the third quarter of this year.
SAVAGE, MINN. — The Silver Group has arranged the $7.4 million sale of a single-tenant Walgreens at 4205 County Rd. 42 in Savage. Walgreens has approximately 21 years remaining on its lease. Barry Silver of The Silver Group represented the seller, a developer, in the transaction. The buyer was a family trust.
COLUMBUS — Qual-Med Supply has signed a 30,000-square-foot industrial lease at 2775 Westbelt Dr. in Columbus. Doug Falor of Cassidy Turley represented the tenant in the transaction. The landlord is Trident Capital Group.
GRAYLING, OSCODA, MICH. — Kmart Corp. has extended two store leases at shopping centers owned by Agree Realty Corp. in Grayling and Oscoda, Mich. The lease extension are for two years. Both locations are freestanding stores which opened in 1984. The Grayling store is 52,320 square feet and the Oscoda store contains 90,470 square feet. The extended leases will expire on Sept. 30, 2014.
ANN ARBOR, MICH. — Beech Street Capital has arranged a $10 million CMBS loan to refinance Corner House Lofts, a 133-bed student housing property on the University of Michigan campus. Built in 2004, the seven-story property has a ground floor of commercial space in a separate condominium that is leased to Buffalo Wild Wings. The fixed-rate CMBS loan is for 10 years with a 30-year amortization schedule. Joel Mazur, vice president of Beech Street Capital's Chicago office, originated the transaction and secured the financing.
TOPEKA, KAN. — IRET Properties, the operating partnership of Investors Real Estate Trust, has completed the purchase of Villa West Apartments in Topeka for $17.6 million. The property includes 44 apartment buildings with 308 apartment units. As part of the company's strategic plan to own 10,000 units in its top 10 core markets, the acquisition brings the total number of units owned by IRET in the Topeka market to 1,042. The company also announced construction is nearly complete on its 159-unit Quarry Ridge II apartment development in Rochester, Minn.
ALEXANDRIA, MINN. — The Boulder Group has completed the $5 million sale of a single-tenant, net-leased Walgreens located at 910 Broadway St. in Alexandria. The 14,820-square-foot retail building was developed in 2008. Walgreens has 21 years remaining on its lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest family trust, in the transaction. They also represented the buyer, a Chicago-based investment firm.
BIRMINGHAM, MICH. — Related Birmingham LLC has sold a 32,487-square-foot former Borders Books at 34300 Woodward Ave. in Birmingham. Susan Acciaioli and Brad Rosenberg of Mid-American Real Estate-Michigan represented the buyer, a local private investor, in the transaction. They also represented the seller.