INDIANAPOLIS — Indiana Landmarks has completed the disposition of the Wiliamson Center in Indianapolis. The Indiana University Foundation purchased the 15,734-square-foot office property, located at 340 W. Michigan St., for an undisclosed price. The buyer plans to relocate its Indianapolis-based staff to the building from its current location on North Meridian.
GRAND BLANC, MICH. — Grand Blanc Machinery Center has acquired a 330,000-square-foot industrial plant in Grand Blanc. Cadence Innovation sold the property, which is located at 10230 N. Holly Road, for an undisclosed price, although the asking price was $1.97 million. Joe DePonio and Jason Capitani of L. Mason Capitani brokered the transaction.
MARQUETTE, WIS. — Cole Real Estate Investments has purchased a 30,040-square-foot facility in Marquette. The property, which is located at 3725 U.S. Highway 41 West, was sold by Club House Michigan LLC for an undisclosed price. Peter Nisbet of Marcus & Millichap represented the seller; Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The acquisition price was not released.
RIVER FOREST, ILL. — HSA PrimeCare, the medical office division of HSA Commercial Real Estate, is developing a 9,800-square-foot medical office building in River Forest. Located at the corner of North and Ashland avenues, the single-story building will be fully leased to Loyola University Health System's Gottleib Memorial Hospital. The tenant plans to use the facility for urgent care, primary care, orthopedic care and radiology outpatient services. The project includes the demolition of an existing building on the site and the construction of the new facility and a parking lot. Completion is scheduled for the fourth quarter.
KENOSHA, WIS. — Towne Investments has purchased a 22,763-square-foot truck terminal and office building at Kenosha Industrial Park in Kenosha. The company plans to expand the property by 7,200 square feet and complete building renovations. Steve Anderson of NAI MLG Commercial represented the undisclosed seller in the transaction. Riley Construction Co. and Partners in Design Architects will provide construction and design services for the property expansion and renovation. The acquisition price was not released.
SCHAUMBURG, ILL. — Morgan/Harbour Construction Co. is constructing an office build-out for New York Life Insurance Co. in Schaumburg. Located at 20 N. Martingale Road, the 18,881-square-foot project will include the construction of private offices, conference rooms, open work space areas and a break room. Wight & Co. is providing architectural services for the project, which is slated for completion in spring 2011. Cushman & Wakefield is serving as project manager.
FISHERS, IND. — Meritex Enterprises has acquired a three-building, 307,000-square-foot office/warehouse portfolio in Fishers. The Class A, multi-tenant properties range in size from 98,000 to 107,000 square feet. The portfolio is currently 79 percent occupied with seven tenants. RORI Property Holdings sold the asset for an undisclosed price. The properties will be managed by Jill Evans and Melissa Brickner of Meritex. Brian Seitz and Brian Buschuk of Jones Lang LaSalle's Indianapolis office will serve as leasing agents for the properties.
AKRON, OHIO — Röchling Automotive USA has planned to develop a $15 million, 75,000-square-foot manufacturing facility in Massillon Road Industrial Park in Akron. The production facility will be used to manufacture injection molding for automotive parts and is expected to employ 123 skilled workers, including machinists. Rob Gemerchak of Binswanger Advisory Services assisted Röchling in selecting the development site in Akron.
NEW LENOX, ILL. — HSA PrimeCare, the medical division of Chicago-based HSA Commercial Real Estate, is developing The University of Chicago Cancer Center at Silver Cross Hospital in New Lenox. The two-story, 22,500-square-foot facility will be fully occupied by the University of Chicago Medical Center (UCMC) oncology department and a joint UCMC-Silver Cross Hospital oncology practice. The facility will be owned and managed by HSA PrimeCare. Construction is scheduled to begin this spring, with completion slated for spring 2012.
AURORA, ILL. — Premier Design + Build Group has completed a 58,114-square-foot build-out for Crescent Park. Located at Park Butterfield in Aurora, the project included 2,970 square feet of office space and 55,144 square feet of warehouse improvements. The distribution facility was required to meet food-grade requirements for the tenant, which is an outsourcing partner for consumer packaged goods companies. Project partners included Bridge Development Partners, as property owner, and Cornerstone Architects Ltd., as project architect.