Midwest

BALL STATE TO BUILD OFF CAMPUS MIXED-USE

by admin April 27, 2012

MUNCIE, IND. — Ball State is finalizing a construction project the university hopes will spur business growth and development in The Village, a retail and residential district on the southeast corner of campus. McKinley Commons will be a living-learning facility operated by the university for students in the hospitality and food management program. It is expected to include two restaurants, a student-run sales area, large and small meeting rooms and a lodging facility with approximately 100 rooms that will replace the university's current hotel in the L.A. Pittenger Student Center.

April 27, 2012

ZILBER BUYS FOUR INDUSTRIAL BUILDINGS IN WISCONSIN

by admin April 27, 2012

MILWAUKEE — Milwaukee-based Zilber Ltd. has acquired four industrial buildings in Wisconsin from Clarion Partners for $29 million. The deals total more than 606,900 square feet and the properties are located in Glendale, Oak Creek and Pleasant Prairie, Wis. Tom Shepherd and Mike Fardy of Inland Cos. represented the seller in the deal.

April 27, 2012

Midwest Multifamily

FLAHERTY & COLLINS BREAKS GROUND ON HIGH-END APARTMENT COMPLEX

by admin April 26, 2012

ORLAND PARK, ILL. — Indianapolis developer Flaherty & Collins has broken ground on a 295-unit apartment complex in Orland Park, which is slated for completion in the spring of 2013. The project is part of a multi-phase Main Street triangle development, which will include retail and residential properties. The Village of Orland Park owns the 32-acre parcel, which is bound by La Grange Road on the east, 143rd Street on the south and the Metra Southwest Line on the west. The Village Board of Orland Park recently selected Chicago-based HSA Commercial Real Estate as its development consultant for the project.

April 26, 2012

Industrial Midwest

LIBERTY BUSINESS CENTER REACHES FULL OCCUPANCY

by admin April 26, 2012

AURORA, ILL. — Liberty Property Trust has completed two significant lease transactions, bringing the Liberty Business Center in Aurora to full occupancy. International Paper/xpedx has signed a lease for 316,000 square feet. The company will relocate from its facility in Glendale Heights to the new space this summer, when a fit-out is complete. George Pappas of Hartford Associates represented the tenant in the transactions. In addition, Rockpoint Logistics has added 72,269 square feet to its lease, bringing its total space to 291,552 square feet. David Friedland of Newmark Knight Frank/Epic represented the tenant in the deal. Jim Estes, Jeff Kapcheck and Mark Bell of Colliers International represented Liberty in both transactions.

April 26, 2012

Midwest Office

FULLY LEASED OFFICE CENTER SELLS FOR $1.7M

by admin April 26, 2012

NORTHFIELD, ILL. — Marcus & Millichap has arranged the $1.7 million sale of Northpointe II Office Center in Northfield. Built 1996, the office center is located off the Edens Expressway at 465 Central Rd. and is fully leased. Frank Roti of Marcus & Millichap's Chicago office represented the seller. Charlie Pick of National Realty Network represented the buyer.

April 26, 2012

Midwest Multifamily

TMMPRO SELLS COLUMBIA APARTMENT BUILDING

by admin April 25, 2012

COLUMBIA, ILL. — TMMPRO LLC has sold a 25,200-square-foot apartment building in Columbia, about 12 miles south of St. Louis, for an undisclosed amount. The 36-unit property is located at 109 Hawthorne Place. BARBERMurphey Group represented the buyer, Anthony and Susan Hanlin, in the transaction. They also represented the seller.

April 25, 2012

Midwest Retail

DICK'S SPORTING GOODS OPENS NEW MISSOURI LOCATION

by admin April 25, 2012

ST. JOSEPH, MO. — Dick's Sporting Goods is opening a new location at Cook Crossing, located at 4202 N. Belt Highway in St. Joseph. The store will be the retailer's 10th store in the state of Missouri and 486th nationwide. Dick's Sporting Goods includes equipment, apparel and footware. The store will open April 25.

April 25, 2012

Midwest Mixed-Use

SILVERMAN FAMILY BUYS IOWA MIXED-USE CENTER

by admin April 24, 2012

DES MOINES — The Silverman family has purchased West Glen Tower, a mixed-use property in West Des Moines for $34.5 million. The 400,000-square-foot property includes retail, office, entertainment and apartment space. The mixed-use center was completed in 2008, with three lots yet to be developed. Based on local business journal reports, its 123 residential units are 70 percent occupied but its office buildings are largely vacant. World Group Commercial Real Estate of Omaha, an affiliate of the Silverman family, will manage the property. Metonic Real Estate Services represented the Silverman family, which owns developments across the Midwest, in the deal.

April 24, 2012

Industrial Midwest

CARRIER CORP. RENEWS 436,343 SF LEASE

by admin April 24, 2012

INDIANAPOLIS — Carrier Corp. has renewed a 436,343-square-foot lease for its distribution facility at 710 S. Girls School Rd. in Indianapolis. Carrier is a heating and air conditioning products distributor for the building systems industries. Randy Rome, Andrew Morris and Jeremy Woods of Cushman & Wakefield's Indianapolis office, along with Andrea Hopper of Summit Realty Group's Indianapolis office, represented the tenant in the deal. The landlord is Transpacific Development Co.

April 24, 2012

Midwest Retail

U-HAUL COMPANY EXPANDS SELF-STORAGE OPERATIONS

by admin April 24, 2012

DUBLIN, OHIO — U-Haul Company of Ohio has purchased a 400-unit self-storage facility at 6405 Old Avery Rd. in Dublin. The 59,000-square-foot U-Haul Moving and Storage of Dublin includes outdoor, drive-up storage plus recreation vehicle and boat storage. The purchase price and the seller were undisclosed.

April 24, 2012

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