BROOKFIELD, WIS. — Stan Johnson Company has brokered the sale of an office building, which is located at 350 N. Sunny Slope Road in Brookfield. Built in 1984, the three-story, 84,700-square-foot office building sold for $13.95 million. The property is fully occupied by Thomas Reuters. Craig Tomlinson of Stan Johnson Company represented the California-based buyer, which was in a 1031 exchange. The seller was an unit of CW Capital as special servicer for a Wells Fargo CMBS issuance. Cassidy Turley represented the seller in the transaction.
ELBERFELD, IND. — Huntingbug, Ind.-based Fibertech recently purchased the former ISM building in Elberfeld for $1.6 million. Fairport, N.Y.-based Sppramco II LLC sold the 79,842-square-foot industrial building, which is situated on 15 acres. Steve Martin and Chris Stuard of Sperry Van Ness/Martin Commercial Group brokered the transaction.
LAKE ZURICH, ILL. — Parkview Acquisitions has completed the disposition of a high-end manufacturing building in Lake Zurich. The 136,715-square-foot property is situated on 8.5 acres at 1275 Ensell Road. The asking price was $6.95 million. JBS Lake Zurich acquired the property. Keith Puritz, Brett Kroner, Ryan Bain and Zach Graham of CB Richard Ellis represented the seller; Paul Cawthon and Angelo Labriola of Sperry Van Ness represented the buyer in the transaction.
COLUMBIA, MO. — Grubb & Ellis Healthcare REIT II has acquired Columbia Long-Term Acute Care Hospital in Columbia for an undisclosed price. Located at 604 N. Old Highway, the single-story, 31,000-square-foot property was built in 2009. The property is long-term leased by Landmark Holdings of Missouri LLC. Creative Health Capital represented the seller, White Oaks Real Estate Investments in the transaction. Grubb & Ellis Healthcare REIT II financed the acquisition using case proceeds received from its offering and $11 million in borrowings under its line of credit with Bank of America, N.A.
O'FALLON, MO. — Pinkerton Properties has purchased a 61,120-square-foot industrial building. The property is located at 801 and 823 Texas Court in O'Fallon. Louisville Realty Corp. sold the property for an undisclosed price. William Barnes of Coldwell Banker Commercial represented the buyer; Gateway Commercial represented the seller in the transaction.
ST. LOUIS — Executive Express, a parcel delivery company, has leased 95,000 square feet of industrial space at 5485 Brown Ave. in St. Louis. The 148,000-square-foot facility features 35 dock doors and 25 trailer spots. Gary Parker, Dan Merlo and Dan Dokovic of Principal Commercial Real Estate Co. represented the landlord, Panattoni Development Co., in the transaction. Terms of the lease were not released.
CHICAGO — Olgetree, Deakins, Nash, Smoak & Stewart P.C. has selected McShane Construction Co. to complete a 6,000-square-foot expansion and build-out at the law firm's new offices at 155 N. Wacker Dr., Suite 4300 in Chicago. The build-out will include 18 private offices, three conference rooms, six soft offices and one breakroom. McShane recently completed the firm's 20,300-square-foot build-out for its relocation to the new office. Atlanta-based ASD Architects is providing architectural services for the project.
ALGONQUIN, ILL. — Haddigan Capital has acquired the fee ground lease interest of a KFC restaurant site at 415 S. Randall Road in Algonquin. The acquisition includes the fee interest in a ground lease to YUM Brands with its KFC concept as a tenant. Bernard Haddigan, principal of Haggidan Capital, acquired the property as part of a dividend oriented fund, which he is managing. Terms of the transaction were not released.
EVANSTON, ILL. — Cambridge Realty Capital Cos. has closed on a $7.4 million FHA-insured HUD LEAN loan for Ebenezer Primm Towers in Evanston. The senior-living community offers 107 independent-living apartment units. The fully amortized, 40-year term loan was arranged for the property's owner, an Illinois corporation.
CLAYTON, MO. — The newly opened Centene Plaza, a 460,000-square-foot office tower located at 7700 Forsyth Blvd. in Clayton, is now 96 percent leased. Current tenants include Centene, Armstrong Teasdale, Stinson Morrison Hecker, Cassidy Turley, JP Morgan Chase Bank, UMB Bank's Investment and Wealth Management Group and The Koman Group. The $186 million, 17-story property was developed by The Koman Group in a joint venture with Centene Corp. and general contractor Clayco. The property offers 20,000 square feet of retail space and a 1,677-space parking garage. HOK and Forum Studio provided architectural services for the property and parking garage.