CLINTON TOWNSHIP, MICH. — MCE Properties has acquired a 125,684-square-foot industrial facility in Clinton Township for an undisclosed price. The buyer plans to make several improvements to the site and immediately relocate to the facility, which is located at 35135 Groesbeck Highway. The acquisition price was not released but the asking price was $1.59 million. Joe DePonio and Jason Capitani of L. Mason Capitani brokered the transaction. The seller was not released.
NEW BERLIN, WIS. — License Products, dba FirsTime Manufactory has signed a lease for an industrial facility in New Berlin. The 47,333-square-foot property is located at 2350 S. 170th St. Bedford Realty c/o Univar USA leased the space to the tenant for an undisclosed price. Samuel Dickman Jr., Samuel Dickman and Brian Parrish of The Dickman Company/CORFAC represented the tenant in the transaction.
MUNCIE, IND. — Marcus & Millichap has brokered the sale of Beacon Hill, Chesterfield and Kensington in Muncie. The multifamily properties, which total 103 units, are located adjacent to Ball University and were 100 percent leased at the time of acquisition. Michael Wernke and Jim Walsh of Marcus & Millichap secured and represented the undisclosed buyer. The asking price was $5.9 million, however, the acquisition price was not disclosed. Additionally, the seller was not released.
BOLINGBROOK, ILL. — KTR Capital Partners has acquired 605 Territorial Drive in Bolingbrook. The 182,400-square-foot property features 30-foot clear heights, heavy parking, loading and power, flexible office options and a fully air conditioned warehouse space. At the time of acquisition, the property was 50 percent leased and currently offers two contiguous units of 40,181 and 48,101 square feet for lease. BPG Properties sold the facility for an undisclosed price. Terry Grapenthin and Josh Hearne of Cawley Chicago Real Estate represented KTR in the transaction.
CHICAGO — Cleveland-based Euro USA has purchased 4430 South Tripp in Chicago from Protein Solutions for an undisclosed amount. Situated on a 1.4-acre lot, the 35,748-square-foot, Class A food processing facility was renovated in 2004. The facility is USDA and FDA compliant and features three external loading docks. Steve Livaditis of CB Richard Ellis represented both parties in the transaction.
MARION, OHIO — Rural King has acquired 72,507 square feet of space on 10.9 acres at 233 America Blvd. in Marion. The Illinois-based farm-and-home store has 50 locations across the Midwest. Rural King offers products such as livestock feed, farm equipment, agricultural parts, lawn mowers, workwear, fashion clothing, housewares and toys. Bobby Benjamin of Goodman Real Estate Services Group represented Rural King in the transaction. Additional terms of the sale were not disclosed.
CHICAGO — Davidson Hotel Co. has completed a $12.3 million renovation at Embassy Suites Chicago-Downtown in Chicago. Located at 600 N. State St., the 11-story, 367-suite hotel features an indoor, heated swimming pool, two on-site restaurants, 6,000 square feet of flexible meeting space, a 24-hour business center, a fully-equipped fitness center and complimentary, cooked-to-order breakfast. Denver-based Design Force provided architectural services for the renovation. The hotel is owned by Sunstone Hotel Investors.
CHICAGO — Essex Realty Group has brokered the $6 million sale of 6610 and 6628 North Sheridan in Chicago. The combined 124-unit apartment buildings offer 34 studio units, 74 one-bedroom units and 16 two-bedroom units. Doug Fisher and Matt Welke of Essex brokered the transaction. The buyer and seller were not disclosed.
O'FALLON, MO. — NorthMarq Capital has arranged a $6.4 million loan for O'Fallon Crossings in O'Fallon. The 61,696-square-foot, Save 'n Shop-anchored retail center is located at 1421 Mexico Loop Road East. Financing was based on a 15-year lease term and a 20-year amortization schedule. Jeff Chaney of NorthMarq secured the loan through NorthMarq's relationship with Sun Life Assurance Company of Canada.
CHICAGO — Chicago-based Waterton Residential, on behalf of Waterton Residential Property Fund XI, has acquired a portion of Mondial River West, a 15-story, 141-unit residential property in Chicago. Waterton purchased 124 of the studio, one-, two-, three- and four-bedroom units, with plans to rent the units. Additionally, Waterton plans to furnish the rooftop deck to provide residents an outdoor entertainment area. The property features a community rooms, balconies on all units and indoor parking. Mondial River West was originally developed by Citta Development Group in 2009. Waterton Residential Property Fund XI is a $500 million discretionary multifamily investment fund. Terms of the transaction were not disclosed.