EVANSTON, ILL. — Beech Street Capital has arranged a $4.3 million HUD 232/223F loan to refinance Evanston Nursing & Rehabilitation Center in Evanston. The center is a 57-bed skilled nursing facility. Joshua Rosen of Beech Street Capital originated the loan through the Federal Housing Administration.
ROMEOVILLE, ILL. — Principle Construction Corp. has completed a 184,320-square-foot renovation project within a 444,171-square-foot industrial building in Romeoville. AP Taylor Road LLC owns the facility, which is located at 1075 W. Taylor Rd. Principle was tasked with converting the single-tenant facility into a multi-tenant building. Feher Architects provided architectural services for the project.
MILWAUKEE — Verizon Wireless has signed a lease for 10,681 square feet of office space at 2514 S. 102nd St. in Milwaukee. Ned Purtell and Patti Stevens of RFP Commercial represented the landlord, Westminster Lincoln LLC, in the transaction.
CHICAGO — Myers Place, a $13.2 million affordable housing development, has broken ground in the northwest suburbs of Chicago. Myers Place will offer affordable housing for individuals who are disabled, mentally ill or formerly homeless, who have the ability to live independently. The property will consist of 39 apartment units and include a community room with kitchen, laundry facilities and offices for case managers. Chicago-based Daveri Development Group is building the property. The project is being funded by a variety of partners, including UnitedHealthcare of Illinois and the Illinois Housing Development Agency. Myers Place is expected to open in the summer of 2013.
FRANKFORT, IND. — Marcus & Millichap has arranged the $2.2 million sale of Sterling Court Apartments, an 80-unit property in Frankfort, about 50 miles northwest of Indianapolis. Brent Silcox of Marcus & Millichap's Indianapolis office represented the seller, a limited liability company, in the transaction. He also secured the buyer, a limited liability company.
OMAHA — Q10/Daisley Ruff Financial has arranged a $2.8 million loan for the refinancing of six industrial buildings in Omaha. The buildings are approximately 15,000 square feet each. Bob Chalupa of Q10/Daisley Ruff Financial arranged the 20-year loan through a correspondent life company. The loan includes a fixed rate for the first 10 years.
WAUKEGAN, ILL. — VPL Logistics has signed a 167,000-square-foot industrial lease at 3600 Amhurst Parkway in Waukegan. VPL, a packaging solutions provider, plans to use the facility for its warehouse and distribution operations. Whit Heitman, Sam Badger and Bradley Weiner of Paine/Wetzel/TCN Worldwide represented the landlord, Prudential Financial, in the transaction. Heitman also represented the tenant.
NEW BERLIN, WIS. — Spincraft, a division of Standex International Corp. has leased 30,000 square feet of industrial space at 16705 Lincoln Ave. in New Berlin, near Milwaukee. Ryan Kopp of Colliers International represented the tenant in the transaction. The landlord is Lincoln New Berlin Property LLC.
GREEN BAY, WIS. — Outdoor recreation retailer Cabela's Inc. will open a new store in Green Bay in the summer of 2013, marking its third location in the state. Construction is scheduled to begin this fall on a 100,000-square-foot store in the Titletown Development area. The store will be designed to surround customers in an “outdoor-like experience” with wildlife displays. In addition to hunting, fishing and outdoor gear products, the store will also include a large mountain replica featuring North American game animals recreated in their natural habitat. There will also be a gun library, aquarium, boat shop and deli. In 2013, Cabela's also plans to open stores in Grandville, Mich.; Columbus, Ohio; Louisville, Ky.; Thornton, Colo.; and Lone Tree, Colo.
CINCINNATI — Los Angeles-based M&A Real Estate Partners has purchased a 122-unit student housing community in Cincinnati from Sterling University Housing. The property, named Sterling McMillan, was 95 percent occupied at closing. Amenities include a pool, cyber cafe, fitness center, tanning salon and study lounge. CBRE represented both parties in the transaction. The purchase price was undisclosed.
