CHICAGO — Duke Realty Corp. has acquired a nine-building industrial portfolio, totaling 1.79 million square feet for a reported $100 million. Eight of the buildings in the portfolio are located in Chicago, and a ninth building is in Corona, Calif. The seller, Boston-based TA associates, was represented by Mike Caprile, Ted Staszak and Stephanie Park of CB Richard Ellis. The nine properties are fully leased.
LOMBARD, ILL. — Atlanta-based Floor & Decor Outlets of America has leased 87,385 square feet of retail space at the Landings of Lombard, located on I-355 and North Avenue in Lombard, Ill. Stuart Lenhoff, Barry Millman and Jason Lenhoff of Buffalo Grove, Ill.-based Horizon Realty Services represented the landlord, Midwest Real Estate Equities. Gil Fitzgerald and Kevin Gallagher of Fitzgerald Real Estate represented Floor & Decor in the transaction.
BIRMINGHAM, MICH. —National retailers J. McLaughlin and Paper Source are opening new stores in The Birmingham Shopping District in Birmingham, Mich. Paper Source, opening in November, will occupy approximately 3,200 square feet at 115 W. Maple Rd. J. McLaughlin is now open at 268 W. Maple Rd. in a 1,600-square-foot space across from Paper Source.
CHICAGO — Dallas-based Behringer Harvard has closed on $340 million in financing for its Behringer Harvard REIT I Inc. The secured credit includes a $200 million loan and a $140 million revolving credit facility, each with a three-year term and two one-year extension options. The $340 million will be used to refinance 10 & 120 S. Riverside Plaza in Chicago. KeyBanc Capital Markets and J.P. Morgan Securities arranged the credit facility on the deal.
BELLEVILLE, ILL. — In a joint venture, Cerulean Partners LLC and an entity associated with The Inland Real Estate Group of Companies, has purchased the Atrium of Belleville, a 76-unit senior living community in Belleville, Ill. for $2 million. The Atrium, formerly known as Grand Court, was previously owned by Brookdale Senior Living Inc. Cerulean, based in Chicago, plans to invest $1.5 million in property improvements.
ST. LOUIS — Trane USA Inc. has leased 67,848 square feet of industrial space at Trade Center V, located at 13899 Corporate Woods Trail in St. Louis. Vince Bajardi and Jake Corrigan of the Sansone Group's St. Louis office represented the owner in the transaction. Trane USA was self-represented.
PONTIAC, MICH. — Colliers International has arranged the sale of a 24,000-square-foot athletic center, located at 124 W. Columbia Ave. in Pontiac, Mich. for $200,000. Gary Gruskowski of Colliers International's Michigan office represented the seller, Boys and Girls Clubs of Southeastern Michigan in this transaction. The buyer was Stars Place Inc.
OMAHA— Omaha-based Darland Construction Co. recently completed construction of the Harold M. and Beverly Maurer Center for Public Health at the University of Nebraska Medical Center campus in Omaha. The 62,600-square-foot, three-level building cost a reported $15 million. The facility includes 106 offices and an 80-seat, theater-style classroom. The facility was designed by Alley Poyner Macchietto Architecture and Adam Simpson of Darland was the project manager.
GLENDALE, WIS. — Grandbridge Real Estate Capital has originated and closed a $2.9 million first mortgage loan secured by a medical office building. The loan refinanced an existing full-recourse bank loan. Located in Glendale, Wis., the 25,044 square foot building was built in 2003. Rob Meister of Grandbridge's Milwaukee office arranged the 10-year fixed rate loan through American Equity Investment Insurance Co.
PRAIRIE VILLAGE, KAN. — Jos. A. Bank, a national clothing line, opened a new location at The Village in Prairie Village, Kan. Justin Kaufmann of LANE4 Property Group, Inc. the leasing and management company for the shopping center, negotiated the lease for the 3,667 square foot space, located at 3925 W. 69th Terrace.