EFFINGHAM, ILL. — Cambridge Realty Capital Cos. has arranged a $5.2 million HUD Lean loan to refinance the 133-bed Lakeland Rehabilitation and Healthcare Center in Effingham. The 30-year loan is fully amortized and was arranged on behalf of the property's owner using the HUD Section 232 pursuant to Section 223(f) funding program.
SUGAR GROVE, ILL. — Schaumburg, Ill.-based Entre Commercial Realty has negotiated the $1.9 million sale of a 40,105-square-foot industrial property, located at 1960 Bucktail Ln. in Sugar Grove, for an undisclosed price. The facility features 3,775 square feet of office space, 28- to 32-foot clear ceilings, an active rail spur and expansion land. Brian Bocci, John Gazzola and Nick Walby with Entre represented Marriott Drywall Materials, the seller, and Jace Murray of St. Charles, Ill.-based Murray Properties represented the buyer, Producers Chemical Co.
OAK CREEK, WIS. — American Tire Distributors has signed a leased for 120,000 square feet of industrial space in a facility currently under construction at 340 Mahn Ct. in Oak Creek. Samuel Dickman, Sr., and Samuel Dickman, Jr., of Milwaukee-based The Dickman Co./CORFAC International represented the tenant in the transaction. The landlord for the property is Mahn Court ATD.
NEW LENOX, ILL. — Premier Design + Build Group has started construction on the 22,869-square-foot Silver Cross Hospital/University of Chicago Medical Center, a two-story cancer treatment center in New Lenox. The project features an architectural precast connector link that will adjoin the new facility to the existing medical office building on the Silver Cross Hospital campus. RTKL Associates is providing architectural services for the project, which is scheduled for completion in November.
KENOSHA, WIS. — Faris Lee Investments has negotiated the $6.6 million sale of a 30,000-square-foot, single-tenant retail property, located at 7021 120th Ave. in Kenosha, which is currently leased to Best Buy. Jeff Conover of Faris Lee represented the seller, Del Mar, Calif.-based GM Investors, and the buyer, Phoenix-based Cole Capital.
CHICAGO — Behinger Harvard has refinanced the maturing debt on the more than 1 million-square-foot One Financial Place in Chicago. JP Morgan Chase provided the new 2-year financing, which offers three one-year extension options.
LYONS, OHIO — Binswanger has arranged the sale of a 50,954-square-foot industrial building located at 7346 State Highway 120 in Lyons. Ahilleas Enterprises purchased the property from DriveSol Worldwide. Rob Gemerchak of the firm's Sylvania, Ohio, office was the sold broker in the transaction.
BRIDGETON, MO. — NorthMarq Capital has arranged $6.15 million in permanent loan financing for the 300-unit Bridgepoint Crossing, located at 4015 Brittany Circle in Bridgeton. The financing, which includes a 10-year term with a 25-year amortization schedule, was arranged through Freddie Mac.
ORION TOWNSHIP, MICH. — Kensington Church has purchased a 71,752-square-foot industrial building, located at 4640 S. Lapeer Rd. in Orion Township, from Fidelity Bank for $1.65 million. The building will be renovated to include a 1,500 seat auditorium for the church. Mason L. Capitani and Garry Rogers of Troy, Mich.-based L. Mason Capitani/CORFAC International represented the seller in the transaction.
ANN ARBOR, MICH. — New York City-based Vesper Holdings has purchased the 233-unit Woodland Mews Apartments & Townhomes in Ann Arbor through an off-market transaction. The complex is in close proximity to the University of Michigan and is 100 percent leased. Amenities include a swimming pool, central air, balconies, and in-unit washer and dryers. Vesper plans to invest more than $1 million in capital improvements.