Midwest

LIBERTY BUSINESS CENTER REACHES FULL OCCUPANCY

by admin April 26, 2012

AURORA, ILL. — Liberty Property Trust has completed two significant lease transactions, bringing the Liberty Business Center in Aurora to full occupancy. International Paper/xpedx has signed a lease for 316,000 square feet. The company will relocate from its facility in Glendale Heights to the new space this summer, when a fit-out is complete. George Pappas of Hartford Associates represented the tenant in the transactions. In addition, Rockpoint Logistics has added 72,269 square feet to its lease, bringing its total space to 291,552 square feet. David Friedland of Newmark Knight Frank/Epic represented the tenant in the deal. Jim Estes, Jeff Kapcheck and Mark Bell of Colliers International represented Liberty in both transactions.

April 26, 2012

FULLY LEASED OFFICE CENTER SELLS FOR $1.7M

by admin April 26, 2012

NORTHFIELD, ILL. — Marcus & Millichap has arranged the $1.7 million sale of Northpointe II Office Center in Northfield. Built 1996, the office center is located off the Edens Expressway at 465 Central Rd. and is fully leased. Frank Roti of Marcus & Millichap's Chicago office represented the seller. Charlie Pick of National Realty Network represented the buyer.

April 26, 2012

Midwest Multifamily

TMMPRO SELLS COLUMBIA APARTMENT BUILDING

by admin April 25, 2012

COLUMBIA, ILL. — TMMPRO LLC has sold a 25,200-square-foot apartment building in Columbia, about 12 miles south of St. Louis, for an undisclosed amount. The 36-unit property is located at 109 Hawthorne Place. BARBERMurphey Group represented the buyer, Anthony and Susan Hanlin, in the transaction. They also represented the seller.

April 25, 2012

Midwest Retail

DICK'S SPORTING GOODS OPENS NEW MISSOURI LOCATION

by admin April 25, 2012

ST. JOSEPH, MO. — Dick's Sporting Goods is opening a new location at Cook Crossing, located at 4202 N. Belt Highway in St. Joseph. The store will be the retailer's 10th store in the state of Missouri and 486th nationwide. Dick's Sporting Goods includes equipment, apparel and footware. The store will open April 25.

April 25, 2012

Midwest Mixed-Use

SILVERMAN FAMILY BUYS IOWA MIXED-USE CENTER

by admin April 24, 2012

DES MOINES — The Silverman family has purchased West Glen Tower, a mixed-use property in West Des Moines for $34.5 million. The 400,000-square-foot property includes retail, office, entertainment and apartment space. The mixed-use center was completed in 2008, with three lots yet to be developed. Based on local business journal reports, its 123 residential units are 70 percent occupied but its office buildings are largely vacant. World Group Commercial Real Estate of Omaha, an affiliate of the Silverman family, will manage the property. Metonic Real Estate Services represented the Silverman family, which owns developments across the Midwest, in the deal.

April 24, 2012

Industrial Midwest

CARRIER CORP. RENEWS 436,343 SF LEASE

by admin April 24, 2012

INDIANAPOLIS — Carrier Corp. has renewed a 436,343-square-foot lease for its distribution facility at 710 S. Girls School Rd. in Indianapolis. Carrier is a heating and air conditioning products distributor for the building systems industries. Randy Rome, Andrew Morris and Jeremy Woods of Cushman & Wakefield's Indianapolis office, along with Andrea Hopper of Summit Realty Group's Indianapolis office, represented the tenant in the deal. The landlord is Transpacific Development Co.

April 24, 2012

Midwest Retail

U-HAUL COMPANY EXPANDS SELF-STORAGE OPERATIONS

by admin April 24, 2012

DUBLIN, OHIO — U-Haul Company of Ohio has purchased a 400-unit self-storage facility at 6405 Old Avery Rd. in Dublin. The 59,000-square-foot U-Haul Moving and Storage of Dublin includes outdoor, drive-up storage plus recreation vehicle and boat storage. The purchase price and the seller were undisclosed.

April 24, 2012

Midwest Retail

ARROW BUYS 700,000 SF RETAIL PROJECT IN ILLINOIS

by admin April 23, 2012

SCHAUMBURG, ILL. — KF Schaumburg LLC has sold The Streets of Woodfield, a 700,000-square-foot retail project in Schaumburg. Arrow Operating Acquisitions purchased the property, which is 98 percent leased and anchored by Whole Foods, Crate & Barrel, Dick's Sporting Goods and Carson Pirie Scott. The shopping center also includes a 20-screen AMC Theater and the U.S. flagship store for Legoland Discovery Center. The property is located at 601 N. Martingale Rd., adjacent to Woodfield Mall, a 2.2 million-square-foot super regional mall. Daniel Kaufman, Matthew Lawton, Jim Batjer and Barry Brown of HFF represented the seller in the deal. Trey Morshbach and Tim Joyce, also of HFF, arranged a $100 million, 4-year acquisition loan for the property through CIBC World Markets.

April 23, 2012

Midwest Retail

MCDONALD'S GROUND LEASE SELLS FOR $1M

by admin April 23, 2012

KENOSHA, WIS. — The Boulder Group has arranged the $1 million sale of a single-tenant McDonald's ground lease located at 3711 57th St. in Kenosha. McDonald's occupies 4,467 square feet in the retail building, which was developed in 2011. The company has a 20-year ground lease at this property with rental escalations throughout the lease term. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago development firm in the deal. They also represented the buyer, a private investor based in the Midwest.

April 23, 2012

Midwest Seniors Housing

SENIOR APARTMENT COMMUNITY OPENS IN LA VISTA

by admin April 23, 2012

LA VISTA, NEB. — Harrison Heights, a112-unit senior apartment community has opened in LaVista, a suburb of Omaha. Harrison provides independent living with no income restrictions for those age 55 and above. Located at 7544 Gertrude St., the apartments include one- and two-bedroom apartments. The apartments include a community room with kitchen, a lounge with fireplace and community laundry. Wheatfield, N.Y.-based Calamar owns the $10 million property.

April 23, 2012

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