HIGH RIDGE, MO. — David French c/o Mediquip Parts Plus has purchased an industrial building in High Ridge. The 34,526-square-foot property is located at 4639 Waldo Industrial Dr. Kevin McKeon of NAI DESCO represented the buyer; Paul Nagel and Rudy Stinnett of Gundaker Commercial Group represented the seller, L M & N Building LLC, in the transaction. Terms of the sale were not released.
MACHESNEY PARK, ILL. — Rockford, Ill.-based Orput Companies Inc. has broken ground for the development of a 6,125-square-foot, build-to-suit/leaseback Advance Auto Store property in Machesney Park. The property will join Aldi Foods, Verizon Wireless, FedEx Office, Pizza Hut and Buffalo Wild Wings in Orput's 26-acre Willow Creek Retail Center, which is located at the intersection of Alpine Road and Illinois 173. Rockford-based Cord Construction is constructing the project, which is slated to open in July. Alpine Bank is providing financing for the project. Allen Joffe of Baum Realty represented Advance Auto in the transaction.
BURLINGTON, WIS. — Wildcat LLC has completed the disposition of a 13,650-square-foot industrial building, which is located at 762 Brookview Ave. in Burlington. Wisconsin Fluid Systems, which specializes in centrifuge filtration systems and biodiesel processing equipment, acquired the property for an undisclosed price. John Henderson and Vytau Barcas of NAI MLG Commercial represented the seller; Joe Busch of Bear Realty represented the buyer in the transaction.
FARMINGTON HILLS, MICH. — Southfield, Mich.-based Bernard Financial Group has arranged a $3.6 million loan for Haggerty Pointe Office in Farmington Hills. The 45,226-square-foot office building is owned by Haggerty Pointe Office LLC, also the borrower. Dennis Bernard and Kevin Kovachevich of Bernard Financial originated the loan.
NEWTON, IOWA — A Minnesota-based manufacturer has acquired a 175,000-square-foot industrial building located Newton Business Center in Newton for an undisclosed price. The buyer plan to use the property for manufacturing of folding cartons. The rail-served business center offers generous ceiling heights, cranes, heavy power and loading docks. Chris Pendroy and Kermit Marsh of Terrus Real Estate Group in Des Moines, Iowa, represented the seller, Los Angeles-based Industrial Realty Group, in the transaction.
FARMINGTON HILLS, MICH. — Canada-based TSA Acquisition Corp. has purchased Bond Office Building complex, which is located at 31600-31700 W. Thirteen Mile Road in Farmington Hills. The 44,790-square-foot complex was listed at $1.77 million, however the acquisition price was not released. At the time of closing, the property was 70 percent leased. Garrett Middlekauff and Mason L. Capitani of L. Mason Capitani represented the buyer in the transaction. The seller was not released.
CHICAGO — Summit Design + Build has completed a 4,000-square-foot build-out at 626 West Jackson Boulevard for Chicago-based Sterling Bay Companies. The office build-out project included private offices, open offices, conference rooms, an open meeting room, a break room and a reception area. Additionally, the new office features glass walls ceramic tile, modern light fixtures and open ceilings. Fitzgerald Earles Architects & Associates provided architectural services for the project.
INDIANAPOLIS — Browning Construction has been selected to construct Lake City Bank's first office building/bank branch in Indianapolis. Located within Parkwood West at 96 and Meridian streets, the 11,200-square-foot, Class A facility has been designed by MSKTD & Associates to achieve LEED Silver certification. Completion is scheduled for October.
ROSEVILLE, MICH. — Southfield, Mich.-based Bernard Financial Group has arranged a $6.8 million loan for Sandhurst Apartments in Roseville. The property consists of 25 two-story buildings offering a total of 328 units. Dennis Bernard and Kevin Kovachevich of Bernard Financial arranged the financing for the borrower, Sandhurst Owner LLC
BEDFORD PARK, ILL. — Sappi Fine Paper North America, a global paper products manufacturer and supplier, has signed a lease for 225,000 square feet of industrial warehouse space at 6558 W. 73rd St. in Bedford Park. The space is located within a 309,479-square-foot rail-served warehouse near the Interstate 55 Corridor. William Strey and Dirk Hrobksy of UGL Services represented the tenant; Adam Roth of NAI Hiffman represented the landlord, Mirvac Industrial Trust, in the transaction. Terms of the lease were not released.