AURORA, ILL. — Leopardo recently completed 42 of the 88 rooms at Provena Mercy Medical Center in Aurora as part of a multi-phased modernization and privatization project. The final rooms are slated for completion in late 2012. Each room includes 218 square feet of space and newly replaced windows. The architect for the project is Jensen & Halstead.
OMAHA — The Industrial Realty Group of Downey, Calif. has purchased the former Connectivity plant at 125th and I streets. Ryan Zabrowski and R.J. Neary of Investors Realty negotiated the sale for Comscope of Hickory, N.C. The property includes a 140,000-square-foot office building and data center, and a 1 million square foot industrial building. The property was listed at $19.16 million but the closing price was undisclosed.
CHICAGO — In a joint venture, Harper Court Partners and Los Angeles-based Canyon Johnson Urban Fund closed on a $65 million construction loan with Citi Community Capital for the mixed-use Harper Court in Chicago. The PrivateBank, a local subsidiary of PrivateBancorp, entered a participation agreement with Citi, through which it will provide a significant portion of the construction financing. The $106 million Harper Court project will include the construction of a 150,000-square-foot office tower and is slated for completion in 2013.
CHICAGO — Lawson Products, a distributor of maintenance, repair and operations supplies, is moving its Des Plaines headquarters to an office in Chicago and consolidating its distribution in McCook. The new headquarters are located at 8770 W. Bryn Mawr, where the company signed a lease for 86,000 square feet. The distribution center will be located at a 306,805-square-foot, build-to-suit facility at the CenterPoint Business Center. Construction is expected to be complete in August 2012. Colliers International represented Lawson in the McCook deal.
MANHATTAN, KAN. — HWC, a real estate development company, has opened the new Hilton Garden Inn Hotel & Conference Center in Manhattan, Kan., following two years of construction. The 135-room Hilton Garden Inn is connected to a 30,000-square-foot conference center. The project is part of Manhattan's South End redevelopment project, which will include the Flint Hills Discovery Center, scheduled to open in the spring of 2012. The hotel is managed by Kinseth Hospitality Corp.
MINNEAPOLIS — WNC & Associates has provided $8.3 million in financing to United Properties for the acquisition and renovation of the Ford Center in Minneapolis. Located at 429 N. Fifth St., the project is slated to deliver more than 270,000 square feet of office space. When complete, the building will serve as the national headquarters of HGA Architects and Olson Advertising. The firms will occupy a combined 215,000 square feet.
NOVI, MICH. — Healthcare Trust of America Inc., a real estate investment trust focused on medical office buildings, has executed an agreement to purchase a 203,000-square-foot, on-campus medical office building in Novi, Mich. for $51 million. The building is 98 percent occupied and is connected to Providence Park Hospital via a covered walkway.
BRUNSWICK, OHIO — Cooper Commerical Investment Group has closed the $4 million sale of Walgreens, located at 1337 Pearl Rd. in Brunswick. Dan Cooper of Cooper Commercial's Cleveland office represented the seller, LDB Property Holdings LP. The buyer was a private group based in Hawaii.
DAYTON — Bloomfield Capital, a specialty finance firm, has funded a $1.5 million senior bridge loan to finance both a 20,000-square-foot retail center and a 100-unit apartment complex in Dayton. The loan also allowed the borrower to consolidate two prior loans.
MILWAUKEE — Cermak Grocery has signed a 60,000-square-foot lease at 1541 Miller Park Way in Milwaukee. Jon Thoresen of Commercial Property Associates' Milwaukee office represented the landlord, West Milw LLC in the transaction.
