MADISON, ILL. — State Street Investment has sold a 101,288-square-foot industrial property, located at 10 Fox Industrial in Madison, to Green & Black Development. Shiloh, Ill.-based BARBERMurphy represented both parties in the transaction.
RACINE, WIS. — Milwaukee-based Grubb & Ellis/Apex Commercial has brokered the sale of a 78,400-square-foot industrial building located at 3911-3931 S. Memorial Dr. in Racine for an undisclosed price. Cumberland Packing Corp. purchased the property from David Kelley. Bill Langhoff of Grubb & Ellis/Apex Commercial represented both parties in the transaction.
PERRYSBURG, OHIO — Love Funding has arranged $4.23 million refinancing for the 132-unit Louisiana House Apartments, located at 129 Doctor McAuleys Ct. in Perrysburg. Robert Smallwood of Love Funding's Cleveland office secured the 30-year loan through the FHA's 223(a)(7) loan program.
ST. LOUIS, MO. — NorthMarq Capital has secured $2 million in permanent loan financing for an 18,950-square-foot retail building currently leased to Jo-Ann Fabrics, located at 6910 S. Lindbergh Blvd. in St. Louis. Jeff Chaney of NorthMarq's St. Louis office arranged the fully amortizing loan through Protective Life.
LYON TOWNSHIP, MICH. — Kennedy Industries has leased 38,181 square feet of industrial space at 52900 Grand River Ave. in Lyon Township. Jim Montgomery of Southfield, Mich.-based Signature Associates represented the tenant in the lease transaction. The landlord is Soave Real Estate.
ST. LOUIS — Kwame Building Group (KWAME) has completed work on a $15 million, 200-bed residence hall and dining facility at Harris-Stowe State University in St. Louis. KWAME managed the year-long project, with K&S Associates as the general contractor. Grice Group Architects and Trivers Associates provided architectural services for the project. Amenities include a cardio fitness room, laundry facility, mailboxes, community kitchen, 24-hour vending and a public safety office.
WARREN, OHIO — A joint venture between Cleveland-based Industrial Commerce, Los Angeles-based Industrial Realty Group and B.J. Alan Co. has purchased a 1.2 million-square-foot industrial park, located on North River Road in Warren, from Delphi Automotive for $2.63 million. No brokers were involved, but the deal was processed through the Western Reserve Port Authority. Additionally, Phantom Fireworks has leased 640,000 square feet on the property. Jeffrey Bilsky of Cleveland-based NAI Daus represented the tenant in the lease transactions.
YPSILANTI, MICH. — Kaftan Communities has purchased the 112-unit Bryn Mawr Apartments, located at 2277 S. Grove in Ypsilanti, for $2.35 million from Bryn Mawr Apartments, LP. Amenities include an outdoor pool, washer/dryer hookup in each apartment, private balconies and more. ICI Property Consultants represented both parties in the transaction.
BOLINGBROOK, ILL. — Chicago-based Bradford Allen has arranged a 51,650-square-foot lease renewal with LexisNexis in Creekside Corporate Center, located at 480 Quadrangle Dr. in Bolingbrook. Joel Berger and Ryan Moan of Bradford Allen represented the landlord, Stone Creek Properties, in the lease transaction. Jeff Samaras of Cushman & Wakefield's Downtown Chicago office represented the tenant.
MONROE, MICH. — Phoenix-based Cole Real Estate Investments has acquired the 141,935-square-foot Telegraph Plaza Portfolio, a three-property portfolio located in Monroe, for $12.9 million. Ashish Vakhariya of Marcus & Millichap's Detroit office represented the seller, a national developer, and worked with Scott Holmes of Cole in closing the transaction.