TALYOR, MICH. — Eftec North America has purchased 54,400 square feet of industrial space at 20202 Northline in Taylor. T. Alterman and Associates sold the property for an undisclosed price. Brad Viergever, Steve Gordon and Mark Hamway of Signature Associates represented the seller; Brad Viergever also represented the buyer in the transaction.
BROOKLYN HEIGHTS, OHIO — Einheit Electric Construction Co. has acquired a 14,760-square-foot building, located at 239 Brookpark Road in Brooklyn Heights. Einheit plans to remodel the property and lease a portion of the building for additional revenue. Eliot Kijewski of CRESCO Real Estate represented the undisclosed seller and buyer in the transaction.
INDIANAPOLIS — Merrillville, Ind.-based Financial Equity Associates has purchased Bayhead Village Apartments in Indianapolis for undisclosed price. The property offers 202 apartment units. Tikijian Associates represented the seller, Apartment Investment & Management Co., in the transaction.
MINNEAPOLIS — An affiliate of Opus Holding, a member of The Opus Group, has acquired all the remaining Minnesota and South Dakota land holdings of Opus Northwest LLC. The acquired land totals 74 acres, including two sites in downtown Minneapolis, 11 retail center outlots, 40 acres of industrial land in Shakopee, Minn., 5 acres of land in Cambridge, Minn., 7 acres of land in Minnetonka, Minn., and 7 acres of land in Sioux Falls, S.D., which was subsequently sold to an affiliate of Lloyd Cos. Terms of the transaction were not disclosed.
CHICAGO — Bell Acquisition LLC has purchased the former Bell Federal building, which is located at 79 W. Monroe in Chicago. Built in 1906, the 13-story, 200,000-square-foot office building was sold by Bank of America. The sales price was not released.
AVON, OHIO — The Salvation Army has acquired a 2.79-acre land parcel, which is located across from Avon Crossings Shopping Center in Avon. The company plans to develop a 25,000-square-foot thrift store on the site. The store is expected to open in late 2011. Chris Seelig of NAI Daus represented the buyer; Goodman Real Estate Group represented the seller in the transaction. Terms of the transaction were not disclosed.
EASTLAKE, OHIO — Best Supply has acquired a 25,400-square-foot facility in Eastlake for its new headquarters. The sales price was not released. Situated on 4.85 acres at 33999 Vokes Road, the property offers 20-foot ceiling heights, one dock and one drive-in door. Eliot Kijewski of CRESCO Real Estate represented the buyer; Rick Ferris of Sequoia Realty represented the undisclosed seller in the transaction.
BANNOCKBURN, ILL. — AREA Property Partners has partnered with Dallas-based P.O'B. Montgomery & Co. to purchase Bannockburn Green, a 180,000-square-foot shopping center located at the intersection of Waukegan Road and Half Day Road in Bannockburn. The property was acquired for $29.3 million from an undisclosed institutional investor. Built in 1984 and renovated in 2008, the property is anchored by Dominick's and Walgreens. Additional tenants of the 85-percent leased center include Panera Bread, General Nutrition Center, Allstate Insurance, Subway and Sylvan Learning Center. Rick Drogosz, Ben Wineman and Stan Nitzberg of Mid-America Real Estate Corp. represented the seller in the transaction.
MADISON, WIS. — Irgens Development Partners has acquired Park West I, an office building located within University Research Park in Madison. Located at 406 Science Dr., the property offers 51,000 square feet of office space. Irgens plans to make substantial capital improvements to the building. Grubb & Ellis | Oakbrook has been retained to lease the property. Terms of the transaction were not released.
ANN ARBOR, MICH. — Sterling University Housing, the student housing division of The Dinerstein Companies, has acquired 4Eleven Lofts in Ann Arbor. Built in 2009, the 10-story, 96-unit property offers 342 beds and furnished lofts with 10-foot ceilings, flat-panel HD televisions, modern kitchens and single or shared bedrooms. The 100-percent occupied property was acquired for an undisclosed price. Holliday Fenoglio Fowler represented both parties in the transaction. The seller was not released.