LIBERTYVILLE, ILL. — MBX Systems, a technology manufacturer based in Wauconda, Ill., is relocating its headquarters to an 84,000-square-foot facility in Libertyville. The company signed a 7-year lease with the property owner, K&R Enterprises 1, and MBX plans to invest $2 million in remodeling and equipping the facility. The building is located at 1900 Winchester, just south of the Libertyville Township Soccer Complex along Route 45. MBX moved to its existing facility in Wauconda in 2005 and expanded the building to 19,000 square feet in 2009. The company plans to expand its workforce by 25 percent this year.
ROCKFORD, ILL. — ROA Development has purchased Riverside Pavilion, an 87,125-square-foot shopping center in Rockford, for $2.4 million. Tenants include Cardinal Fitness, Domino's Pizza and Weight Watchers. Steve Timmel, Chris Prosser and Jeff Johnston of Colliers International represented the seller, Riverside Pavilion LLC, in the transaction.
RIDGEVILLE, OHIO — WXZ Development has sold a 20-year ground lease for a McDonald's property in Ridgeville for $1.7 million. Mark Luttner of Luttner Real Estate Investment Services represented the WXZ in the transaction.
CHICAGO — Jones Lang LaSalle has completed three industrial lease transactions totaling more than 225,000 square feet in Chicago's western suburbs. CoreCentric Solutions inked a lease for 106,731 square feet at 1575 Hunter Rd. in Hanover Park, Ill. Dominic Carbonari and Frank Griffin of Jones Lang LaSalle represented the building's owner, Cabot Properties, in the transaction. Carbonari and Griffin also represented Cabot in the lease of 51,500 square feet to Cary Co. The 101,640-square-foot building is located at 1005 W. Republic Dr. in Addison, Ill. Additionally, Carbonari, Griffin and Jones Lang LaSalle's Keith Stauber arranged the lease of a 67,932-square-foot industrial building at 888 N. Central Ave. in Wood Dale, Ill., to St. George Warehouse Co. The team represented the building's owner, ML Realty Partners, in the deal.
ATLANTA — ARA has arranged three REO sales of manufactured housing communities in Western Michigan. Included in the sale were Maplewood, a 124-site community in Grand Rapids; Green Acres, a 54-site community in Kent City; and Pontaluna Shores, a 138-site community in Norton Shores. Todd Fletcher and Andrew Shih of Atlanta-based ARA represented the unnamed special servicer in the transaction. A private operator based in California acquired all three assets. The portfolio is 65 percent occupied. Two of the communities have public utilities, while the smallest, Green Acres, maintains a private well and septic system.
NORTHFIELD, ILL. — Summit Design + Build will construct a 16,000-square-foot office and warehouse build-out for OfficeNation Inc. at 500 N. Central Rd. in Northfield. OfficeNation is a mail order/direct deal for computer products and will be relocating from its current operations in Northbrook, Ill., to the new Northfield location. Construction plans include the build-out of a large open office area, conference rooms, employee lounge and loading dock. Stuart Cohen & Julie Hacker Architects will provide architectural services for the project. Completion is scheduled for the third quarter of this year.
MACOMB TOWNSHIP, MICH. —Century 21 has signed a lease for 5,000 square feet of office space at 15432 25 Mile Road in Macomb Township. Gabe Schuchman and Samantha Tullio of Mid-America Real Estate-Michigan represented the landlord, Macomb Park II, in the transaction.
CHARLEVOIX, MICH. — Agree Realty Corp. has sold the Charlevoix Commons shopping center in Charlevoix for $3.5 million. The 137,000-square-foot shopping center is anchored by an 86,479-square-foot Kmart and a 35,896-square-foot Family Farm & Home. The sale is part of Agree Realty's strategy to dispose of non-core assets and redeploy capital into the acquisition and development of single-tenant, net-leased assets.
ROSEMONT, ILL. — Construction is complete on the $1 million renovation of the Fairfield Inn & Suites Chicago Naperville hotel in Rosemont. The project included upgrading the guest rooms, lobby, front desk, exercise room, breakfast area and meeting room. The hotel also features new carpet, wall vinyl and lighting. The hotel, which is located off of I-88, is owned by Geneva, Ill.-based Shodeen Hospitality and managed by First Hospitality Group.
NEW LENOX, ILL. — HSA PrimeCare has completed development of a $21.6 million outpatient cancer treatment center for Silver Cross Hospital in New Lenox. The 22,500-square-foot facility was constructed on the campus of Silver Cross' newly developed replacement hospital at Highway 6 and Silver Cross Boulevard. The University of Chicago Medicine oncology department will occupy 10,244 square feet of the building and a University-Silver Cross Hospital joint practice in oncology will occupy 9,661 square feet. The facility will open for patients on June 25.