CHICAGO — Englewood, N.J.-based Bon Aviv Investments, a joint venture between Israel-based Aviv Arion and Bon Investments, has acquired The Century Shopping Centre in Chicago. Located in Chicago's Lakeview neighborhood, the six-level, 186,349-square-foot shopper center sold for $18.5 million. Current tenants include Bally Total Fitness, The Aveda Institute, Landmark Theatres and Victoria's Secret. Ben Wineman and Stan Nitzberg of Mid-America Real Estate Corp.'s Investment Sales Group represented the seller, Century Mall LLC, in the transaction.
CHICAGO — Summit Design + Build has completed a 4,900-square-foot build-out of medical office space for Primary Care Medical Associates. Located at 1460 N. Halsted St. in Chicago, the new space features 11 exam rooms, private doctor offices, a reception area and a break rom. Fitzgerald Earles Architects and Associates provided design services for the project. Structured Development owns the building.
WOODBURY, MINN. — Brian Hennen of NorthMarq Capital's Minneapolis Regional office has arranged $3.6 million in financing for Woodbury Medical in Woodbury. The 22,963-square-foot medical office building is located at 2101 Woodwinds Dr. Financing was arranged for the borrower by NorthMarq through its correspondent relationship with Thrivent Financial.
ELK GROVE VILLAGE, MOUNT PROSPECT AND DES PLAINES, ILL. — Grubb & Ellis' Institutional Capital Markets group has brokered the sale of three institutional-grade industrial facilities in the O'Hare submarket. In the first transaction, Erik Foster and Mike Wilson of Grubb & Ellis represented an institutional investor in the sale of Tri Center, a three-building, 140,837-square-foot industrial portfolio located at 1710 to 1912 Elmhurst Road and 2535 to 2552 Pratt Blvd. in Elk Grove Village. Town Investments acquired the property for an undisclosed price. Foster and Wilson, on behalf of an institutional fund, also brokered the sale of Prospect Industrial Center, a 240,000-square-foot multi-tenant industrial facility located at 1900 to 2000 Carboy Road in Mount Prospect. Brennan Investment Group acquired the property. In the final transaction, Foster, Wilson and John Basile of Grubb & Ellis represented Albion Illinois Funds in the disposition of 2392 S. Wolf Road in Des Plaines, an 84,730-square-foot industrial/flex facility that is fully leased to Unisource Worldwide. DCT Industrial Trust purchased the property for an unreleased price.
MOUNT PROSPECT, ILL. — G.A. Johnson & Son has partnered with Casto for the construction of eight retail buildings at Randhurst Lifestyle Center in Mount Prospect. Buildings A, B, C, D, E, F, G, T will total 250,000 square feet of space. Buildings C and G will also include second-story office space, which will allow office tenants access to the new 1 million-square-foot mall. Additionally, the buildings will be built to LEED Silver certification.
WEST DES MOINES, IOWA — Marcus & Millichap has brokered the sale of Woodland Apartments, a multifamily property located ay 4949 Woodland Ave. in West Des Moines. Built in 1984, the 60-unit property was 89 percent occupied at the time of acquisition. A private investor acquired the property for $2.9 million. Thomas DeWaay of Marcus & Millichap represented the buyer and the seller, a limited liability company, in the transaction.
TROY, MICH. — DBT Troy Properties has acquired a 7,800-square-foot light industrial space at 966 Livernois in Troy. Klein Partners sold the property for an undisclosed price. The space will be used for the corporate offices of O'Brien Construction Co. Larry Schultz of Friedman Real Estate Group represented the buyer in the transaction.
STERLING HEIGHTS, MICH. — Dynamic Lawn & Landscaping has acquired a 14,400-square-foot space in Sterling Heights for undisclosed price. The company plans to relocate its headquarters to the new location at 6450 Sims from Shelby Township, Mich. Chris Steele and Jason Capitani of L. Mason Capitani CORFAC International represented the seller, J&L Land Co., in the transaction.
MT. PLEASANT, WIS. — The Redmond Company has been selected to build the newest Gordon Food Service Marketplace in Mt. Pleasant. Construction for the 15,870-square-foot retail store started in December 2010 and is scheduled for completion this summer.
BUFFALO GROVE, ILL. — Horizon Realty Services has completed five leases transactions totaling 74,609 square feet in Illinois. Planet Fitness leased 25,200 square feet at Melrose Crossing shopping center located at Mannheim Road and North Avenue in Melrose Park, Ill. Additionally, CSL Plasma leased 13,160 square feet at the same center. Jason Lenhoff of Horizon Realty represented the lessor in both transactions. In separate transactions, a private operator banquet facility leased 24,180 square feet and a local fast-food restaurant group leased 3,619 square feet at the Landings Lombard, which is located on Interstate 355 and North Avenue in Lombard, Ill. Stuart Lenhoff, Barry Millman and Jason Lenhoff of Horizon Realty Services represented the lessor in the transactions. Finally, Jason Lenhoff represented the lessor in the leasing of 8,450 square feet to Fresenius Medical Centers in a shopping center in Mundelein, Ill.