CHESTERFIELD, MO. — NorthMarq Capital has arranged first mortgage financing for Drury Plaza in Chesterfield. The 274-room hotel is located at 355 Chesterfield Center East. Financing was based on a 10-year term and a 25-year amortization schedule. Jeff Chaney of NorthMarq's St. Louis regional office secured the financing through NorthMarq's relationship with a correspondent life insurance company. Additional terms of the loan were not released.
AVON, IND. — Thiemann Real Estate has acquired Washington Quarter Apartments in Avon. The 256-unit, Class A multifamily property sold for $18 million. Constructed in 1999 and currently 95 percent occupied, the property features one-, two- and three-bedroom units, a clubhouse with a fitness room, billiards room and a swimming pool, a car wash station, a sand volleyball court, a basketball court and a picnic area. Kevin MacKenzie and Jon Everson of Holliday Fenoglio Fowler (HFF) represented the buyer; John Sebree and David Keller, also of HFF, represented the seller, Crossmann Properties LLC, in the transaction.
AURORA, ILL. — Syndicated Equities has acquired a single-story office building in Aurora for an undisclosed price. Located at 1325 N. Lake St., the 12,500-square-foot property is fully occupied by the Social Security Administration. Additional terms of the transaction were not released.
WEST BEND, WIS. — Madison, Wis.-based Ascendant Holdings has acquired a 21,534-square-foot multifamily, office and retail building in downtown West Bend for an undisclosed price. Originally constructed in 1893, the property is currently occupied by Robert W. Baird & Co. and Cafe Soeurette. Patrick Gallagher and Matson Holbrook of Siegel-Gallagher Inc. represented the seller, Sheoygan, Wis.-based Community Bank & Trust, in the transaction.
CHICAGO — Essex Realty Group has brokered two multifamily sales totaling $2.64 million in Chicago. In the first sale, Essex's Doug Fisher brokered the sale of a vintage apartment building in Chicago's Rogers Park neighborhood. Located at 1546 W. Jonquil Terrace, the 27-unit property sold for approximately $1 million. The building offers nine studio units, 17 one-bedroom units and one two-bedroom units. The buyer and seller were not disclosed. In the second transaction, Essex's Doug Imber negotiated the $1.64 million sale of a 41-unit vintage apartment building, located at 6818 N. Wayne in Chicago's Rogers Park neighborhood. The building consists of 39 studio units and two one-bedroom units. The seller and buyer were not released.
CHICAGO — Marcus & Millichap has brokered the sale of a 65-unit multifamily property located at 7733 South Shore Dr. in Chicago's South Shore neighborhood. An undisclosed buyer acquired the property for $1.65 million or $25,461 per unit. Build in 1968, the building offers studio, one- and two-bedroom units and available on-site parking. Eric Bell of Marcus & Millichap represented the undisclosed seller in the transaction.
MANCELONA, MICH. — Friedman Integrated Real Estate Solutions has negotiated the sale of a retail property, which is located at 611 N. Williams St. in Mancelona. Land Holdings LLC sold the 5,797-square-foot building to Midwest Properties LLC for an undisclosed price. Paul Feldman of Friedman represented the seller in the transaction.
OMAHA, NEB. — Steve Ruff of Q10|Daisley Ruff Financial has arranged a $5.85 million loan for an apartment building in Omaha. The multifamily property offers 156 apartment units. The loan features a 15-year, fixed rate under 4 percent.
FISHERS, IND. — Meritex NxNE LLC has acquired North by Northeast Business Park in Fishers for an undisclosed price. The 306,408-square-foot, three building complex consists of 9715 Kincaid Drive, 8700 Roberts Drive and 8707 Roberts Drive. Jeff Castell and Angie Wethington of Cassidy Turley represented the seller, Wells Fargo, in the transaction.
CLEVELAND AND TWINSBURG, OHIO — Premier Development Partners has acquired two industrial properties in the Cleveland area for a consideration of $2.3 million. In the first transaction, Premier purchased 12117 Bennigton Avenue in Cleveland from Premier Manufacturing Co. for $1.15 million. Situated on 12.3 acres, the three-building industrial complex offers 200,173 square feet. The transaction include a 1-year leaseback. Once the leaseback term ends, the property will be redeveloped and tenanted. Additionally, Premier purchased a two-building 54,000-square-foot, multi-tenant complex, located at 2242-2272 Pinnacle Parkway in Twinsburg, from Orix Special Services for $1.15 million. The property is currently 70 percent occupied. The Barna Caplan Team of CRESCO Real Estate represented the sellers in both transactions.