SHELBY TOWNSHIP, MICH. — A 76,830-square-foot retail building containing a Christmas Tree Shops and buybuy BABY has been sold for $4.25 million. Daniel Kukes and Kevin Baker of Farmington Hills, Mich.-based Landmark Commercial Real Estate represented the buyer, and Ron Goldstone and Bill Bubmiak of Southfield, Mich.-based NAI Farbman represented the seller.
WILMETTE, ILL. — Chicago-based Essex Realty Group has arranged the $1.95 million sale of an 18-unit apartment building located at 1119 Greenleaf in Wilmette. Doug Imber of Essex represented the seller and Doug Fisher of the same firm represented the buyer.
BURR RIDGE, ILL. — NorthMarq Capital has arranged $26.86 million in first mortgage financing for a 105,000-square-foot medical office building located at 6800 N. Frontage Rd. in Burr Ridge. Loyola University Health System, now known as Trinity Health, is the major tenant at the property. Jeff Cherner and Rup Patel of NorthMarq's Chicago office secured the financing through Bank of America.
WICHITA, KAN. — Newport Beach, Calif.-based Huntington Park Holding has purchased the 188-unit Huntington Park Apartments, located at 1313 N. Maize Rd. in Wichita, from Wichita-based Huntington Park Apartments LLC, for $10.7 million. Aaron Hargrove of Hendricks & Partners' Tulsa, Okla., office represented the seller.
CINCINNATI AND INDIANAPOLIS — Cincinatti-based Q10 | Triad Capital Advisors has secured three multifamily loans totaling $48.8 million. PPM Finance provided $17.6 million for Union Station Apartments in Cincinnati. Triad closed two loans with Allstate including $19.2 million for Villages of Wildwood Apartments in Cincinnati and a $12 million loan on Deercross Apartments in Indianapolis.
ST. PAUL, MINN. — Oak Grove Capital has arranged an $11.5 million HUD 223(f) loan for the acquisition of the 108-unit Montcalm Apartments in St. Paul. Amenities of the property include a rooftop clubhouse, heated garage, pool and exercise room. Scott Streiff of Oak Grove's St. Paul office secured the financing.
BURNSVILLE, MINN. — Walker & Dunlop has provided $4.2 million in acquisition financing for the 50-unit Wyngate Townhomes in Burnsville. The property was 92 percent leased at closing. Jason Rice with Grandbridge Real Estate Capital originated the loan, and Andrew Tapley led the Walker & Dunlop team.
LOVES PARK, ILL. — Meridian Design Build has started construction on a 100,000-square-foot build-to-suit warehouse/distribution facility at Loves Park Corporate Center in Loves Park for developer Venture One Real Estate. The building will be leased to Danfoss Drives. Meridian is coordinating the project on a design/bulid basis with Heitman Architects, and Jacob & Hefner Associates is providing architectural and civil engineering services.
LINDENHURST, ILL. — Irgens Health Care Facilities Group has broken ground for the 43,500-square-foot Vista Health System medical office building, located at 1025 Red Oak Lane in Lindenhurst. 26,500 square feet of the building is pre-leased to Advanced Radiation Oncology, Illinois Bone & Joint Institute, Vista Health System and Vista Cancer Center. Completion is anticipated for January 2012.
LINCON, NEB. — Pace Financial Group has arranged $1.7 million in permanent financing for a CVS/pharmacy ground lease, located at 4800 O St. in Lincoln. The 25-year loan was funded through a life insurance company. Jamison Whiston of Pace's Lincoln office arranged the financing.