LINCOLN, NEB. — The Physician Network (TPN) has signed a 25,597-square-foot office lease in the Assurity Center, located at 2000 Q St. in Lincoln. TPN is a subsidiary of Catholic Health Initiatives and the third-largest Catholic healthcare system. The company will occupy the fifth floor of Assurity Life Insurance Co.'s new 175,000-square-foot headquarters. Chris Vasek of the Lincoln office of NAI FMA Realty represented the landlord, Assurity Life Insurance Co., in the transaction. John Hyland, also of the firm's Lincoln office, represented the tenant.
CHICAGO — Reed Construction has been selected to complete a build-out project for Women's Health Consulting at 200 S. Michigan Ave. in Chicago. Women's Health is a fertility and pregnancy management practice comprised of physicians affiliated with Rush University Medical Center in Chicago. The medical group is relocating to the new space from 55 E. Washington. The 7,000-square-foot project will includes the addition of 10 exam rooms as well as private doctor and staff offices. Jeremy Raridon of Reed Construction is the project manager and D&K Architects will provide architectural services. The project is scheduled for completion this April.
CHICAGO — Marcus & Millichap Real Estate Investment Services has arranged the $515,000 sale of an apartment building in the Chatham neighborhood of Chicago. The 25-unit property is located at 8125 S. Evans Ave. Anthony Hardy of Marcus & Millichap's Oak Brook, Ill. office and Marc Sommer of the firm's Chicago office represented the seller, a limited liability company. The duo also secured the buyer, a limited liability company.
PLEASANT PRAIRIE, WIS. —The Missner Group has completed a build-out for Catalyst Exhibits' 145,000-square-foot warehouse, office and production facility in Pleasant Prairie. The company recently relocated its headquarters from Crystal Lake, Ill. to southeast Wisconsin. The 22,000-square-foot project included the addition of corporate offices, design studios, conference rooms and a cafe space with a full-kitchen and espresso bar. Catalyst Exhibits is a designer and fabricator of trade show displays. The property is located at 7809 100th St.
DES MOINES — A partnership between The Toro Co. and Ryan Cos. has broken ground on a 450,000-square-foot distribution center near Des Moines. Toro will lease the facility from Ryan Cos. once construction is completed later this year. Toro plans to move its distribution operations from its current facilities in Lakeville, Minn. and Beatrice, Neb. to the new Des Moines facility. The facility will employ about 20 people. The Toro Co. manufactures lawn care products such as mowers and irrigation systems.
MOUNT PROSPECT, ILL. — Cost Plus World Market will open a new store at 151 Euclid Ave. in Mount Prospect. The 18,300-square-foot store will be the specialty retailer's 13th location in Illinois. Located in the Randhurst Village Shopping Center, the store will carry home furniture and decor, fashion accessories, personal care products, gourmet food and wine. The store opens to the public March 29.
NEW HAVEN, IND. — Rent-A-Center, a chain of rent-to-own stores offering furniture, appliances and electronics, has signed a 4,300-square-foot retail lease in New Haven. The property is located in the Meadowbrook Shopping Center at 906 Lincoln Highway West. Stanley Phillips of NAI Harding Dahm represented the landlord, Fort Wayne New Haven Associates LP, in the transaction.
COLUMBUS, OHIO — Morris, Smith & Fehy (MS&F) Inc. has arranged a $4.5 million first mortgage loan for a 63,744-square-foot industrial building in Ohio. The property is fully leased to Ferro Corp., a producer of specialty materials and chemicals, which are sold to a range of manufacturers. The 15-year loan has a 15-year amortization schedule. Jeff Morris of MS&F's Columbus office originated the loan on behalf of Davis Development Group.
CLEVELAND — Canton-based King Pin LLC has sold a Family Dollar Store in Cleveland for $1 million. Built in 2007, the 9,160-square-foot building is located at 3470 E. 93rd St. Family Dollar has about 4 years remaining on its lease. Dan Cooper of the Cleveland office of Cooper Commercial Investment Group represented the seller in the transaction. He also secured the buyer, a private group from California.
ST. LOUIS, MO. — Centerline Capital Group has arranged an $11.4 million Fannie Mae loan to refinance the Woodchase Apartments in St. Louis. Built in 1984, the property includes 17 two- and three-story residential buildings and a single-story office. The property has a total of 186 units. The 10-year loan has a 30-year amortization schedule. The borrower is Woodchase Village LLC.