FORT WAYNE — America's Floor Source has signed a lease for 16,030 square feet at 5311 Distribution Dr. in Fort Wayne. Karen Spake and Carolyn Spake-Leeper of CBRE / Sturges represented the landlord, Wells Fargo Bank in the transaction. America's Floor Source operates carpet and flooring retail stores in Columbus, Cincinnati, Dayton and Indianapolis.
EVANSTON, ILL. — Atlantic Realty Partners and Focus Development have received $12 million in equity from the Carlyle Group for a $43 million multifamily development project in Evanston. The funds will be used for a ground-up, 175-unit complex known as Seventeen17. The eight-story building will be located at 1717 Ridge Ave. and will include an outdoor pool, fitness facility and outdoor courtyard. David Gutting and Derrick Bloom led the Jones Lang LaSalle team that arranged the joint venture financing through The Carlyle Group.
CLARKSTON, AUBURN HILLS, MICH. — Two manufactured housing communities have sold for $28.7 million in Michigan. The properties include Independence Woods in Clarkston and Oakland Estates in Auburn Hills. Built in 1991, Independence Woods includes 430 sites. Oakland Estates includes 259 sites and was built in 1980. Todd Fletcher of ARA's Denver office and Andrew Shih of the company's Austin office represented the seller in the transaction. The buyer is a private operator that is new to the region.
OMAHA — McShane Construction Co. will build the Springs at Legacy Commons, a 211-unit apartment development in Omaha. The project will be located on an 11-acre site at 2821 Legacy Commons Plaza. The complex will include seven separate two- and three-story buildings. Amenities will include a swimming pool, sun deck and clubhouse. McShane will also complete the construction of three storm shelters, four detached garages and additional surface parking for 464 vehicles. Wisconsin-based Kahler Slater is providing architectural services. Continental Properties is the developer of the project, which is slated for completion in 2013.
MINNETONKA, MINN. —Minnesota Tile & Stone plans to open a new, 40,000-square-foot facility in Minnetonka on April 2. The building is a tile and stone retail and fabrication facility. Alan Dale, company owner, paid $7 million to purchase and rebuild the property. Minneapolis-based Tanek Inc. designed the facility and RJ Ryan of Mendota Heights, Minn. handled the construction.
EVANSVILLE, IND. — Marcus & Millichap Real Estate Investment Services has closed on the $13.8 million sale of the 208-unit Cross Lake Apartments in Evansville. The 203,104-square-foot property is located at 7900 Circle Front Court. David Gaines of Marcus & Millichap's Chicago office and Alex Blagojevich of the firm's Tampa office represented the seller, a St. Louis, Mo.-based partnership. They also represented the buyer, a private partnership also in the St. Louis area.
CAROL STREAM, ILL. — MC², an event and trade show specialist, has selected Meridian Design Build to renovate a 50,000-square-foot building, located at 160 E. Fullerton in Carol Stream. Colony Realty Partners owns the single-tenant industrial building. The building will house MC²'s manufacturing operations, which will be relocated from its existing facility at 2120 S. Jefferson in Chicago. Ware Malcomb is providing architectural services for the project. Marat Safir of Taurus Realty Partners represented MC² in the deal. Tom Condon and Brian Kling of Colliers International's Rosemont, Ill. office represented the ownership.
ANOKA, MINN. — Brian Hennen of NorthMarq Capital's Minneapolis office arranged $4.8 million for the refinancing of Terrace Hill Apartments in Anoka. The 63-unit property is located at 14320 Dysprosium St. NW. AmeriSphere Mortgage Finance provided the 35-year loan, which has a 35-year amortization schedule.
WESTLAND, MICH. — Dollar Tree has signed a new 10,000-square-foot lease in Wildwood Plaza, located at 34250 Ford Rd. in Westland. Jack Uhazie of the West Bloomfield, Mich. office of Mid-America Real Estate-Michigan represented the tenant in the transaction. Adam Goodman of Mid-America Real Estate-Michigan represented the landlord, Wildwood Properties, in the transaction.
MOUNT MORRIS, ILL. — Mt. Morris Estates, a 170-space manufactured home community has sold in Mount Morris for $3.6 million. The community was 97 percent occupied at the time of sale. Bill Bailey and John Bailey of Marcus & Millichap's Chicago office represented the seller, a partnership. They also secured the buyer a private investor.