RICHMOND, IND. — Quantum Real Estate Advisors has arranged the $4.77 million sale of a 30,983-square-foot, single-tenant Best Buy located in Richmond Village Shopping Center in Richmond. Chad Firsel of Quantum represented the buyer and the seller in the transaction.
Midwest
WICHITA, KAN. — NorthMarq Capital has secured $3.5 million in financing for the 126-unit Parke East Townhomes in 1000 S. Woodlawn in Wichita. Financing was based on a 5-year term with a 30-year amortization schedule and was arranged through Freddie Mac.
ST. CHARLES, MO. — Hendricks & Partners has closed the sale of the 486-unit Villages of Bogey Hills, located a 2200 Lake Court in St. Charles. Ken Aston and Andrea Kendrick of the firm's St. Louis office represented the seller, RREEF Villages of Bogey Hills, L.P., and procured the buyer, Kansas City, Mo.-based Bogey Hills Acquisition, LLC.
BROOKFIELD AND WAUKESHA, WIS. — Liberty Property Trust has sold four office properties totaling 338,000 square feet of space in suburban Milwaukee. Two properties are located in Brookfield at 15800 Bluemound Rd. and 245 S. Executive Dr.; and two are located in Waukesha at 20700 Swenson Dr. and 20800 Swenson Dr.
GAYLORD, MICH. — The 189,000-square-foot Pine Ridge Square in Gaylord has been purchased by Birmingham, Mich.-based Robert B. Aikens & Associates. Major tenants include Big Lot's, Dunham's, Bath & Body Works, GNC, Maurice's, Hobby Lobby and Payless Shoe Source.
LAFAYETTE, IND. — Marcus & Millichap has arranged the $2.35 million sale of the 32-unit Armory Loft Student Housing Apartments and the 3-unit Griffith Triplex, both located in Lafayette. Scott Harris of the firm's Oak Brook, Ill., office and Colin Atkinson of the firm's Indianapolis office represented the seller, a private investor. Harris procured the buyer, a limited liability company.
ELKHART, IND. — Feed the Children has purchased a 65,072-square-foot distribution building, located at 22365 Elkhart East Blvd. in Elkhart. The building is the former Burnstine distribution center. FM Stone Commercial represented the seller.
KANSAS CITY, MISSOURI — Key Construction has started construction on three new hotels in Kansas City. The hotels include the 43-room Ambassador Hotel KC, the 123-room Courtyard at Briarcliff and the 109-room Holiday Inn Express & Suites. All projects are slated for completion in July 2012.
CHICAGO — Ed Graf and Ted Sannella of White Plains, N.Y.-based Houlihan-Parnes Realtors have brokered the $5.41 million sale of a portfolio of non-performing loans secured by 21 properties in Chicago. The sale price represented 52.5 percent of the loans' face value. The buyer and seller were undisclosed.
WESTMONT, ILL. — Marcus & Millichap has arranged the $1.77 million sale of a 23-unit apartment complex, located at 110 North Cass Avenue Apartments in Westmont. Ryan Engle and Andrean Angelov of the firm's Oak Brook, Ill., office represented the seller, a private investor, and procured the buyer.