CHICAGO — Behinger Harvard has refinanced the maturing debt on the more than 1 million-square-foot One Financial Place in Chicago. JP Morgan Chase provided the new 2-year financing, which offers three one-year extension options.
LYONS, OHIO — Binswanger has arranged the sale of a 50,954-square-foot industrial building located at 7346 State Highway 120 in Lyons. Ahilleas Enterprises purchased the property from DriveSol Worldwide. Rob Gemerchak of the firm's Sylvania, Ohio, office was the sold broker in the transaction.
BRIDGETON, MO. — NorthMarq Capital has arranged $6.15 million in permanent loan financing for the 300-unit Bridgepoint Crossing, located at 4015 Brittany Circle in Bridgeton. The financing, which includes a 10-year term with a 25-year amortization schedule, was arranged through Freddie Mac.
ORION TOWNSHIP, MICH. — Kensington Church has purchased a 71,752-square-foot industrial building, located at 4640 S. Lapeer Rd. in Orion Township, from Fidelity Bank for $1.65 million. The building will be renovated to include a 1,500 seat auditorium for the church. Mason L. Capitani and Garry Rogers of Troy, Mich.-based L. Mason Capitani/CORFAC International represented the seller in the transaction.
ANN ARBOR, MICH. — New York City-based Vesper Holdings has purchased the 233-unit Woodland Mews Apartments & Townhomes in Ann Arbor through an off-market transaction. The complex is in close proximity to the University of Michigan and is 100 percent leased. Amenities include a swimming pool, central air, balconies, and in-unit washer and dryers. Vesper plans to invest more than $1 million in capital improvements.
INDIANAPOLIS — Welsh Property Trust has acquired a 741,092-square-foot industrial building, located at 3003 Reeves Rd. in Indianapolis, for an undisclosed price. The building, which contains 36-foot clear ceilings, cross-dock capabilities and more than 300,000 square feet of future expansion potential, is fully leased to Redcats USA.
MILWAUKEE — Semco has sold a 95,500-square-foot industrial property, located at 11225 W. Heather Ave. in Milwaukee, to 11225 Heather, LLC, for an undisclosed price. Sam Dickman, Jr., and Sam Dickman, Sr., of Milwaukee-based The Dickman Co./CORFAC International represented both the buyer and the seller in the transaction.
ORLAND PARK, ILL. — Chicago-based Essex Realty Group has brokered the $1.05 million sale of Main Street Village Shopping Center, located at 16065-93 S. LaGrange Rd. in Orland Park. The property consists of a single building with six retail spaces. David Schwartz, Jason Fishleder, Doug Imber and Matt Welke of Essex represented both the buyer and the seller in the transaction.
NORTHBROOK, ILL. — Summit Design + Build has been chosen to gut and renovate a former auto repair shop into the 12,000-square-foot Park Place, a retail center located at 1347 Shermer Rd. in Northbrook. The Equitable Group is the owner and developer for the project and SAS Architects and Planners is providing architectural services. Construction will include all new site utilities, MEP's, roofing, glazing and a complete rehab of the exterior masonry and landscaping, and is slated for completion in the fall of 2011. Caribou Coffee and Sherwin Williams have already signed leases to join the center.
NORTHBROOK, ILL. — Westwood Financial Corp. has purchased the 136,219-square-foot Sanders Court Shopping Center, located at 4109-4195 Dundee Rd. in Northbrook, from Sandee, LLC, for $22 million. Dominick's anchors the center, which is 99 percent leased to Goodwill, USA Vein Clinics, Fitness 19, Fred Astaire Dance Studio, Butterfield's, Century 21, Sally Beauty, State Farm Insurance, United Self Defense and Subway. Joe Girardi of Mid-America Real Estate Corp. represented the seller.