BAXTER, MINN. — Eidco Construction has been selected to renovate the 260,725-square-foot Westgate Mall in Baxter, Minn. The 65,000-square-foot renovation project will include a building addition and exterior facade work. Tenants at the shopping center include Heberger's Department Store, Big Lots and Dunhams. The mall is located at 14136 Baxter Dr.
INDIANAPOLIS — Beech Street Capital has arranged a $10 million Fannie Mae loan for the acquisition of Emerson Lakes Village Apartments in Indianapolis. The 352-unit complex is currently 96 percent occupied. About 10 percent of the tenants attend Indiana University — Purdue University Indianapolis. Amenities include a pool, fitness room and playground. Barry Lefkowitz and Jay Jacobovitch of Meridian Capital Group originated the 10-year loan, which has a 30-year amortization schedule.
IRONWOOD, MICH. — Farmington Hills, Mich.-based Agree Realty Corp. plans to expand Miner's Super One Foods at its Ironwood Commons Shopping Center in Ironwood. The grocery store will be expanded from 35,000 square feet to 55,000 square feet. The project includes the elimination of in-line retail space, including Sears Hardware, to make way for the Miner's expansion.
LINCOLN, NEB. — The Physician Network (TPN) has signed a 25,597-square-foot office lease in the Assurity Center, located at 2000 Q St. in Lincoln. TPN is a subsidiary of Catholic Health Initiatives and the third-largest Catholic healthcare system. The company will occupy the fifth floor of Assurity Life Insurance Co.'s new 175,000-square-foot headquarters. Chris Vasek of the Lincoln office of NAI FMA Realty represented the landlord, Assurity Life Insurance Co., in the transaction. John Hyland, also of the firm's Lincoln office, represented the tenant.
CHICAGO — Reed Construction has been selected to complete a build-out project for Women's Health Consulting at 200 S. Michigan Ave. in Chicago. Women's Health is a fertility and pregnancy management practice comprised of physicians affiliated with Rush University Medical Center in Chicago. The medical group is relocating to the new space from 55 E. Washington. The 7,000-square-foot project will includes the addition of 10 exam rooms as well as private doctor and staff offices. Jeremy Raridon of Reed Construction is the project manager and D&K Architects will provide architectural services. The project is scheduled for completion this April.
CHICAGO — Marcus & Millichap Real Estate Investment Services has arranged the $515,000 sale of an apartment building in the Chatham neighborhood of Chicago. The 25-unit property is located at 8125 S. Evans Ave. Anthony Hardy of Marcus & Millichap's Oak Brook, Ill. office and Marc Sommer of the firm's Chicago office represented the seller, a limited liability company. The duo also secured the buyer, a limited liability company.
PLEASANT PRAIRIE, WIS. —The Missner Group has completed a build-out for Catalyst Exhibits' 145,000-square-foot warehouse, office and production facility in Pleasant Prairie. The company recently relocated its headquarters from Crystal Lake, Ill. to southeast Wisconsin. The 22,000-square-foot project included the addition of corporate offices, design studios, conference rooms and a cafe space with a full-kitchen and espresso bar. Catalyst Exhibits is a designer and fabricator of trade show displays. The property is located at 7809 100th St.
DES MOINES — A partnership between The Toro Co. and Ryan Cos. has broken ground on a 450,000-square-foot distribution center near Des Moines. Toro will lease the facility from Ryan Cos. once construction is completed later this year. Toro plans to move its distribution operations from its current facilities in Lakeville, Minn. and Beatrice, Neb. to the new Des Moines facility. The facility will employ about 20 people. The Toro Co. manufactures lawn care products such as mowers and irrigation systems.
MOUNT PROSPECT, ILL. — Cost Plus World Market will open a new store at 151 Euclid Ave. in Mount Prospect. The 18,300-square-foot store will be the specialty retailer's 13th location in Illinois. Located in the Randhurst Village Shopping Center, the store will carry home furniture and decor, fashion accessories, personal care products, gourmet food and wine. The store opens to the public March 29.
NEW HAVEN, IND. — Rent-A-Center, a chain of rent-to-own stores offering furniture, appliances and electronics, has signed a 4,300-square-foot retail lease in New Haven. The property is located in the Meadowbrook Shopping Center at 906 Lincoln Highway West. Stanley Phillips of NAI Harding Dahm represented the landlord, Fort Wayne New Haven Associates LP, in the transaction.
