TOPEKA, KAN. — Tritz Pallet Repair has inked a lease for 44,220 square feet of industrial space at Forbes Industrial Park, located at 7215 S. Topeka Blvd. in Topeka. Matthew Severns of Kessinger/Hunter & Co. represented the landlord in the transaction. Paul Fogel of Karbank Real Estate represented Tritz Pallet.
COLUMBUS, OHIO — The McDonalds Corp. has signed a lease for 30,360 square feet of office space at 2600 Corporate Exchange Dr. in Columbus. Matt Murtha and Randy Stephens of Cassidy Turley represented the landlord, AEW Capital Management, in the transaction.
WHEATON, ILL. — Renovations to the 251,313-square-foot Rice Lake Square shopping center in Wheaton are complete. The project included two new pedestrian plazas, updated signage and new parking spaces. Oakbrook Terrace, Ill.-based Mid-America Asset Management oversaw the project on behalf of the center's owner, Grosvenor Americas. The project team also included architect Pappageorge Haymes Partners and civil engineer Spaceco Inc. This is the first major enhancement to the Rice Lake Square since it was constructed in 1992. The center includes Whole Foods, Stein Mart and PetSmart.
LAKE ZURICH, ILL. — Ryan Cos. has completed construction of Zurich Meadows, a new 95-unit seniors residential communityin Lake Zurich. The developer of Zurich Meadows is Chicago-based Carefree Development. The $15 million project is located at 250 Mohawk Trail and includes 56 one-bedroom and 39 two-bedroom units. The development also features a game room, fitness center and a library. Zurich Meadows opened in mid-January and currently has 26 residents.
MONTICELLO, IND. — Hamstra Builders has sold Monticello Plaza, a 189,330-square-foot, grocery-anchored shopping center in Monticello. The terms of the sale were undisclosed. The center was 95 percent occupied at the time of sale and the center is anchored by Kroger and Rural King. David Weber and Nathan Whalen of Marcus & Millichap represented Hamstra in the transaction. Michael Wernke of the firm's Indianapolis office represented the buyer, an Indiana-based limited liability company.
BLAINE, MINN. — Austin-based World Class Capital Group, a private equity firm focused on distressed debt acquisitions, has taken ownership of Northtown Village, a 184,113-square-foot retail center in Blaine. World Class acquired the $19 million defaulted mortgage from a special servicer, completed the foreclosure process and is now the fee-simple owner of the property. Northtown is about 40 percent occupied following the departure of multiple big-box tenants, including Bed Bath & Beyond and Office Depot. It is currently occupied by Michael's and Hancock Fabrics.
TRAVERSE CITY, MICH. — Rouse Properties has completed the purchase of the 589,000-square-foot Grand Travese Mall in Traverse City for $66 million. The single-level, enclosed mall opened in 1992 and is anchored by Macy's, JCPenney and Target. The mall includes a 650-seat food court, a nine-screen movie theater and a play area. The property is 85 percent leased. The transaction marks the first acquisition for New York-based Rouse since debuting as a publicly traded regional mall company in January 2012.
HANOVER PARK, ILL. — Hoffman Estates, Ill.-based Leopardo has completed construction of the new $15 million, 63,000-square-foot police headquarters for the Village of Hanover Park, which opened Feb. 18. The building includes detention facilities, interview rooms, a fire arms range and an enclosed garage for police vehicles.
FRASER, MICH. — Returnable Packaging Corp., which specializes in custom-designed packaging systems, has inked a new lease for 34,675 square feet of industrial space at 33525-33545 Groesbeck Highway in Fraser. Ben Wilkiemeyer and Paul Saad of Signature Associates represented the landlord, JF&T LLC in the transaction.
CHICAGO, ILL. — Oak Grove Capital has originated a $33 million Fannie Mae loan to refinance Fox Valley Villages, a 420-unit apartment community in Chicago. The adjustable-rate loan provides the borrower 75 percent leverage with one year of interest-only payments. The loan carries an interest rate that floats at a spread of 2.36 percent over LIBOR.