MAYWOOD, ILL. — A London-based private investor has purchased a triple-net leased White Castle property in Maywood for $838,700. White Castle is the sole occupant of the 1,400-square-foot retail building, which is located at 211 W. Roosevelt Rd. The company has 10 years remaining on its lease. Randy Blankstein and Jimmy Goodman of the Northbrook, Ill. office of The Boulder Group represented the seller, a Chicago investment firm.
BROOKFIELD, WIS. —Wisconsin-based Wimmer Communities has received a $9.2 million first mortgage loan for Foxhaven Apartments in Brookfield. The property includes 128 units. Jim Cope and Debe Storts of the Milwaukee office of Grandbridge Real Estate Capital arranged the 10-year, fixed-rate loan through Freddie Mac.
CINCINNATI — Oak Brook, Ill.-based Inland Real Estate Corp. has purchased Stone Creek Towne Center in Cincinnati for $36 million. The 143,000-square-foot property is anchored by Best Buy, Bed Bath & Beyond and Old Navy. Ben Wineman of Mid-America Real Estate Corp. and Amy Holter of Anchor Associates represented the seller, a joint venture between Bellevue, Ky.-based Brandicorp and Trinity Development Co. of Knoxville, Tenn. Inland Real Estate was self-represented.
MONONA, WIS. — The Yahara Health Clinic, a 32,000-square-foot medical office building in Monona, has sold for $9.6 million. The building is fully leased on a triple-net basis for 10 years. Michael Bennett of Newmark Knight Frank's Chicago office represented both the buyer and the seller in the transaction. The buyer is a non-traded real estate investment trust based on the East Coast.
SWANSEA, ILL. — Holland Construction has completed renovation of the Memorial and St. Elizabeth's Cancer Treatment Center at 4000 Illinois St. in Swansea. The project included restroom and lighting renovations, and previously unused space was converted into work space for the medical physics team. St. Louis-based HDA Inc. served as the architectural firm for the project.
OMAHA — Pace Financial Group has arranged $4.5 million in permanent financing for a build-to-suit CVS, located at 2609 S. 132nd St. in Omaha. A correspondent life insurance company funded the 25-year loan. Jamison Whiston of Pace Financial's Nebraska office arranged the financing. The buyer is a family trust.
HIGHLAND PARK, ILL. — Erik Kunz of NorthMarq's Chicago office has arranged a $6 million loan for the refinancing of Port Clinton Square, located at 600 E. Central Ave. in Highland Park. The mixed-use property includes 130,000 square feet of office and retail space. The 10-year loan has a 10-year amortization schedule. Nationwide Life Insurance Co. provided the loan.
MILWAUKEE — A Chicago-based investment fund has purchased a 51,368-square-foot office building in Milwaukee for $14.1 million. The property is leased on a long-term basis to the U.S. General Services Administration and is occupied by the Drug Enforcement Administration. Isaac Metzger of Syndicated Equities represented the seller, a private real estate developer in the transaction. He also represented the buyer.
FAIRVIEW PARK, OHIO — Inland Real Estate Corp. has acquired Westgate Shopping Center, a grocery-anchored shopping center in Fairview Park, for $73.4 million. Recently, the 474,000-square-foot mall was converted from an enclosed to an outdoor mall. Tenants at the center include Lowe's Home Improvement, Kohl's and regional specialty grocer Earth Fare. It is currently 94 percent occupied. The company has also closed a 10-year, 4.9 percent fixed-rate mortgage loan of $40.4 million on the property.
SCHAUMBURG, ILL. — Leopardo has completed a build-out of Thermos' new corporate headquarters in Schaumburg. Thermos, a beverage container manufacturer, is relocating from Rolling Meadows to its new, 25,000-square-foot office at 475 N. Martingale Rd. The building includes conference rooms, executive offices, a research and development lab and a photography studio. Hoffman Estates, Ill.-based Leopardo served as general contractor, with Torchia Associates as the architect. Ken Soltis Associates served as project manager.
