FLINT, MICH. — Great Neck, N.Y.-based Namdar Realty Group has acquired Eastridge Commons, a 169,676-square-foot shopping center in Flint, for an undisclosed amount. The shopping center's anchors include T.J. Maxx, Dollar Tree and Party City. Ben Wineman and Daniel Stern of Mid-America Real Estate Corp. represented the seller, Farmington Hills, Mich.-based Ramco-Gershenson Properties Trust, in the transaction. The buyer was self-represented.
SOUTH BEND, IND. — Boston-based Stag Industrial Inc. has acquired a warehouse and distribution facility in South Bend for $6.8 million. The 225,000-square-foot building was constructed in 1994 and is fully leased. The acquisition brings Stag's total acquisition volume to approximately $139.1 million since its initial public offering in April 2011.
EDEN PRAIRIE, MINN. — HFF has arranged $32.5 million in financing for the Eden Prairie headquarters of UnitedHealth Group's health services business, Optum. Bank of America Merrill Lynch provided the 10-year, fixed-rate loan. The 473,325-square-foot property is fully leased to UnitedHealth Group. Brandon Chavoya, Coler Yoakam and Mark West of HFF's Dallas office led the HFF team in the deal. The property is located at 13625 Technology Dr.
MAYWOOD, ILL. — A London-based private investor has purchased a triple-net leased White Castle property in Maywood for $838,700. White Castle is the sole occupant of the 1,400-square-foot retail building, which is located at 211 W. Roosevelt Rd. The company has 10 years remaining on its lease. Randy Blankstein and Jimmy Goodman of the Northbrook, Ill. office of The Boulder Group represented the seller, a Chicago investment firm.
BROOKFIELD, WIS. —Wisconsin-based Wimmer Communities has received a $9.2 million first mortgage loan for Foxhaven Apartments in Brookfield. The property includes 128 units. Jim Cope and Debe Storts of the Milwaukee office of Grandbridge Real Estate Capital arranged the 10-year, fixed-rate loan through Freddie Mac.
CINCINNATI — Oak Brook, Ill.-based Inland Real Estate Corp. has purchased Stone Creek Towne Center in Cincinnati for $36 million. The 143,000-square-foot property is anchored by Best Buy, Bed Bath & Beyond and Old Navy. Ben Wineman of Mid-America Real Estate Corp. and Amy Holter of Anchor Associates represented the seller, a joint venture between Bellevue, Ky.-based Brandicorp and Trinity Development Co. of Knoxville, Tenn. Inland Real Estate was self-represented.
MONONA, WIS. — The Yahara Health Clinic, a 32,000-square-foot medical office building in Monona, has sold for $9.6 million. The building is fully leased on a triple-net basis for 10 years. Michael Bennett of Newmark Knight Frank's Chicago office represented both the buyer and the seller in the transaction. The buyer is a non-traded real estate investment trust based on the East Coast.
SWANSEA, ILL. — Holland Construction has completed renovation of the Memorial and St. Elizabeth's Cancer Treatment Center at 4000 Illinois St. in Swansea. The project included restroom and lighting renovations, and previously unused space was converted into work space for the medical physics team. St. Louis-based HDA Inc. served as the architectural firm for the project.
OMAHA — Pace Financial Group has arranged $4.5 million in permanent financing for a build-to-suit CVS, located at 2609 S. 132nd St. in Omaha. A correspondent life insurance company funded the 25-year loan. Jamison Whiston of Pace Financial's Nebraska office arranged the financing. The buyer is a family trust.
HIGHLAND PARK, ILL. — Erik Kunz of NorthMarq's Chicago office has arranged a $6 million loan for the refinancing of Port Clinton Square, located at 600 E. Central Ave. in Highland Park. The mixed-use property includes 130,000 square feet of office and retail space. The 10-year loan has a 10-year amortization schedule. Nationwide Life Insurance Co. provided the loan.
