RICHMOND, IND. —Chicago-based Perpetual Recycling Solutions has acquired the former 100,000-square-foot Amcast General Aluminum facility in Richmond. The company plans to invest $25 million in new equipment for its recycling facility. Tim Echemann of Industrial Property Brokers represented the seller, Park Ohio, in the transaction. The purchase price was undisclosed.
BUFFALO GROVE, ILL. —Grandbridge Real Estate Capital and Mesirow Financial Institutional Real Estate have arranged a $22.2 million first mortgage loan for Windbrooke Crossing, a 236-unit apartment community in Buffalo Grove. Jim Cope and Justin Nelson of Grandbridge Real Estate arranged the loan through Freddie Mac. The 7-year loan carries a 4 percent interest rate.
CHICAGO — Sue Blumberg of NorthMarq Capital's Chicago office has arranged $20.1 million for the first mortgage refinancing of River West Lofts, located at 901 W. Huron in Chicago. The 151,480-square-foot residential loft building contains 158 units. Freddie Mac provided the 10-year loan for the borrower, River West Development. The loan has a 30-year amortization schedule.
OAK BROOK, ILL. — Orlando-based Cuhaci & Peterson Architects has completed the design work to build a new Season 52 restaurant in Oak Brook. The 10,000-square-foot restaurant is now under construction and slated for completion this spring.
WAUSAU, WIS. — 4505 RM LLC has purchased two Wausau properties: an 8,798-square-foot retail building at 4505 Rib Mountain Dr. and a 3,000-square-foot office/warehouse building at 1101 Morning Glory Lane. The buildings sold for a combined $1.5 million. Victor Anderson of Lokre Cos. represented the seller, Lokre Select II LLC. Dan Holvick of Inland Cos. represented the buyer.
NORTHVILLE, MICH. — Wilson Golf has purchased the Arnold Palmer-designed NorthVille Hills Golf Club in Northville. Wilson Golf owns and manages nine courses in the Midwest. Northville is an 18-hole, 7,003-yard course with a 132 slope rating. The 10,000-square-foot club house includes a pro shop, kitchen and 200-person banquet room. Chris Charnas of Links Capital Advisors represented the seller, Capmark Bank, in the transaction. Wilson Golf was represented in-house.
ROMEOVILLE, ILL. — Scannell Properties has selected Meridian Design Build to design and construct a new 239,000-square-foot industrial facility in Romeoville. The new building will serve as a ground distribution and package sorting center for Scannell's tenant, a global provider of shipping and information services. The company plans to invest $37 million in the new facility. The new building will be located within Pinnacle Business Center and construction is slated to be complete in the fourth quarter of this year. The facility will include an automated conveyor system and 101 loading docks. Pete Schmidt will lead Meridian Design Build's project team. Precept Design will provide architectural services.
CHICAGO — Reed Construction has completed a 45,000-square-foot build-out for Westwood College, located at 1 N. State St. in Chicago. The project included the addition of classrooms, computer labs, design labs and staff offices. The new facility also features a career services center, server rooms and student common area. Scott Pickands, Christine Roche and Robert Marks of Reed led the construction team. Atul Karkhanis Architects provided architectural services.
WALKER, ILL. — The Boulder Group has completed the sale of a single-tenant Advance Auto Parts property, located at 4250 Lake Michigan Dr. in Walker, for $1.3 million. Advance Auto Parts has a 15-year lease term at the 7,920-square-foot retail building. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, a Midwest institutional investor. They also represented the seller, a private Ohio-based company.
ST. LOUIS — Tampa-based Carter Validus Mission Critical REIT has acquired the St. Louis Surgical Center, an ambulatory surgical center in St. Louis, for $8.4 million. The facility is in close proximity to three area hospitals: St. Johns Mercy Medical Center, BJC Missouri Baptist and Barnes Jewish West County Hospital. The surgical center opened in 2005 with nine pre- and post-operating bays and five operating rooms totaling 14,718 square feet. In 2007, the facility expanded by 7,105 square feet with the addition of two operating rooms and nine overnight stay rooms.