ROCKFORD, ILL. — Downers Grove, Ill.-based Cawley Chicago Commercial Real Estate has brokered the $9.85 million sale of the 122,092-square-foot Brynwood Square, located at 2615 Mulford Rd. in Rockford, from JTJ to Cincinnati-based Midland Atlanta. Dan O'Neill of Cawley Chicago represented both parties in the transaction.
MINNEAPOLIS — Milwaukee-based RFP Commercial has negotiated the $9 million sale of a 229,501-square-foot industrial property, located at 2801 Pacific St. N. in Minneapolis. Greenheck Fan purchased the property from LCM Funds. Scott Revolinski and Ben Adank of RFP represented both parties in the transaction.
MENOMONEE FALLS, WIS. — Kuehn Rubber Corp. has purchased a 34,000-square-foot industrial building, located at N51W13251 Brahm Ct. in Falls Business Park in Menomonee Falls, from Harris Mid America Holdings for $1.1 million. Kevin Berry of Milwaukee-based Cassidy Turley Barry represented the buyer in the transaction. Bill Quinlivan and Brian Schroeder of Siegel-Gallagher's Milwaukee office represented the seller.
PLYMOUTH, MINN. — Greystar Real Estate Partners has acquired the 500-unit Park Place Apartments, located at 14550 34th Ave. in Plymouth, for $54.5 million. Greystar was self-represented in the transaction by Kevin Kaberna. Abe Appert and Keith Collins of CB Richard Ellis' Minneapolis office and Malcolm McComb of CBRE's Atlanta office represented the seller, Invesco. Holly Minter and Kale Kibbe of CBRE's Houston office, along with Joel Torborg and Murray Kornberg of CBRE's Minneapolis office secured a $39.5 million acquisition loan for the buyer through Fannie Mae.
ST. LOUIS — Jones Lang LaSalle has negotiated the sale of the 482,000-square-foot Plaza Frontenac, located at 1701 S. Lindbergh Blvd. in St. Louis. The center is one of nine in the world to be anchored by Neiman Marcus and Saks Fifth Avenue. Kris Cooper and Margaret Caldwell of Jones Lang LaSalle's Atlanta office, along with Dave Doupé of Jones Lang LaSalle's Los Angeles office, represented Davis Street Properties, the seller, in the transaction. The buyer was a joint venture between Chicago-based General Growth Properties and Toronto-based Canada Pension Plan Investment Board.
MENOMONEE FALLS, WIS. — RJ Schinner Co. has purchased a 160,000-square-foot industrial building, located at N89W14700 Patrita Dr. in the Menomonee Falls Industrial Park in Menomonee Falls, from Maysteel for $5 million. James Young of Milwaukee-based Cassidy Turley Barry represented the buyer in the transaction and Sam Dickman, Sam Dickman, Jr., and Anthony Huenerbein of Milwaukee-based The Dickman Co. — CORFAC International represented the seller.
EVANSVILLE, IND. — Summit Capital and Aries Capital have secured a $7 million loan for the 199-unit Holiday Inn of Evansville Airport hotel, located at 7101 Hwy. 41 N. in Evansville. The loan has a 5-year rate and was secured through a consortium of credit unions.
BROOKLYN, MINN. — Kraus-Anderson Construction Co. and Gatlin Development Co. have broken ground for a $100 million, 682,000-square-foot renovation of the former Brookdale Center, located at the corner of Xerxes Avenue North and Country Road 10 in Brooklyn Center. The renovation will include a new 182,000-square-foot Wal-Mart and 500,000 square feet of additional retail space. Current tenants Sears, Kohl's and Applebee's will remain open during construction. Richard Kauffman, senior project manager for Gatlin Development Co., says the project is anticipated to take 2 years for completion, depending on leasing.
COLUMBIA, MO. — St. Louis-based Bozoian Group Architects has completed design work for the $16.1 million, 376-bed renovation of the 105,000-square-foot Mark Twain residence hall and dining facility, located at 515 S. 5th St. in Columbia on the University of Missouri's campus. The project includes the renovation of the entry and all common areas, improvements to rooms, expansion and remodel of the Mark Twain Market dining facility, and a new facade, windows and facility systems. Completion is slated for the summer of 2013.
EDEN PRAIRIE, MINN. — Milestone AV Tecnologies has selected Welsh Construction to remodel an 82,000-square-foot office building, located at 6436 City West Pkwy. in Eden Prairie. Milestone recently purchased the building, which was formerly occupied by Dept 56. The renovation includes a new data center, a customer experience center, demolition and infill of the 4,500-square-foot atrium and state-of-the-art engineering and testing labs. Chicago-based Mekus Tanager designed the project to achieve LEED Silver certification. Completion is slated for early next year.