NOBLESVILLE, IND. — Meritex has sold a 51-acre land site at 146th Street and Howe Road in Noblesville to SMC Corporation of America. Meritex acquired the property in 2008 with the intent of developing a light industrial park totaling more than 500,000 square feet. However, the recession caused a significant drop in demand for new space, says Dan Williams, chief investment officer of Meritex. SMC plans to use the land as an adjunct to its campus. Jeremy Woods of Summit Realty Group represented Meritex in the transaction.
BURNSVILLE, MINN. — Ebenezer Management Services will breark ground on a $12 million addition to Arbors at Ridges, an assisted living community in Burnsville, later this month. The community currently offers 44 senior apartments. Kraus-Anderson Construction will construct a three-story building that will house 63 assisted living units. The new campus will also feature gardens, walking paths, a movie theater, library, barber shop, clubroom, chapel and coffee shop. The addition is slated for completion in the spring of 2013. Sperides Reiners Architects is designing the project.
JOPLIN, MO. — Homewood Suites by Hilton has opened a new hotel in Joplin featuring its latest prototype, Gen9, which enables the extended-stay brand to target more urban locations. The four-story, 97-room hotel is owned by Joplin Hospitality Partners and managed by McHugh Hospitality Group. The building is one of the first businesses to open in Joplin since last year's deadly tornado. The Gen9 plan reduces the land area needed to build a Homewood by approximately 20 percent. Construction costs are reduced 10 to 15 percent, and the overall development cost per-key is reduced 4 to 6 percent. The Joplin hotel is located at 2642 East 32 St.
CHICAGO — Construction is complete on the first phase of a $4.2 million renovation of a community clubhouse in the Pilsen neighborhood of Chicago. Tandem Construction has added 17,000 square feet to the original Union League Boys & Girls Club at 2157 West 19th St. The new space includes a new gymnasium, science lab and two multi-purpose activity spaces. The project will also include the renovation of an additional 18,000 square feet in the original building, which is a former saloon built in the late 1800s. The Union League Boys & Girls Club has occupied the space since 1920. The facility is set for completion at the end of the year. Antunovich Associates is the project architect.
THIENSVILLE, WIS. — MSP Development has acquired an office building at 200 Green Bay Road in Thiensville from BMO Harris Bank for $275,000. Thiensville is a village 18 miles north of Milwaukee. Tom Shepherd and Lyle Landowski of Colliers International represented both parties in the transaction.
MISSION, KAN. — FREEBIRDS World Burrito has opened its first location in Kansas, located at 6029 Metcalf Ave. in Mission. The restaurant was founded in 1987 in California. The menu includes burritos with freshly chopped veggies, house-made rice and beans and grass-fed beef. FB Midwest Development, a franchisee for the chain, is also reportedly looking to open up an additional site in Mission, as well as locations in Columbia, Mo.; Omaha, Neb.; and Wichita, Kan.
SCHAUMBURG, ILL. — An affiliate of LEM Equities has purchased a 5,037-square-foot freestanding retail site in Schaumburg for $1.2 million. The property is located at 20 South Roselle Road and is occupied by Coldwell Banker. Stephen Lieberman and John Abuja of Marcus & Millichap represented the seller, Crosstown Real Estate Advisors. They also represented the buyer.
CHICAGO — Motorola Mobility, a smartphone maker owned by Google Inc., is relocating its headquarters to Vornado Realty Trust's Merchandise Mart in Chicago. The company, currently based in Libertyville, Ill., has signed an office lease for 572,000 square feet. The 3.5 million-square-foot Merchandise Mart is the world's biggest commercial building, according to a statement by Vornado. Motorola is expected to move to the building in early 2013.
NEW MIDDLETOWN, OHIO — UMH Properties has paid $3.4 million to purchase Meadowood, a 123-site manufactured home community in New Middletown. The community is situated on 20 acres. With the acquisition, UMH owns 42 manufactured home communities consisting of more than 9,100 developed homesites.
COON RAPIDS, MINN. — Walker & Dunlop has arranged a $12 million loan for the refinancing of Select Senior Living at Coon Rapids, a 68-unit assisted living facility in Coon Rapids. Amenities at the property include separate dining rooms for memory-care and assisted-living residents, an activity center and theater room. Carolyn McMullen of Walker & Dunlop secured the loan through the U.S. Department of Housing and Urban Development's Section 232/223(f). The loan contains a 35-year amortization schedule.