DOWNERS GROVE, ILL. — CompTIA has selected Woodbridge, Ill.-based Morgan/Harbour Construction Co. to complete a build-out at the company's new office at 3500 Lacey Road in Downers Grove. The 32,289-square-foot build-out includes the construction of private offices, conference rooms, open work space areas and a break room. Perkins & Will is providing architectural services for the project, which is slated for completion in November.
MEQUON, WIS. — Ogden & Company Inc. has negotiated the acquisition of Park Plaza Shopping Center, which is located at 10000 N. Port Washington Rd. in Mequon. The 8,000-square-foot property was 100-percent occupied at the time of closing. Park Plaza of Mequon LLC acquired the property from Park Avenue Park LLC for $650,000. Marvin Hansen of Ogden & Co. represented the seller in the transaction.
GREENFIELD, IND. — Financial Equity Associates has acquired Washington Village, a multifamily property located at 4211 W. Potomac Dr. in Greenfield. Locally based Village Apartments of Sugar Creek sold the property for $14.4 million or $50,295 per unit. The 288-unit, 294,826-square-foot property is comprised of 18 two-story buildings offers a mix of 64 one-bedroom/one-bath units, 156 two-bedroom/two-bath units and 68 three-bedroom/two-bath units. Amenities include a 24-hour fitness center, a clubhouse with a billiards table, a swimming pool, a basketball court, a sand volleyball court and a playground. Michael Wernke of Marcus & Millichap represented the buyer and seller in the transaction.
INDIANAPOLIS — Buckingham Cos. is planning to develop North of South, a mixed-use community in downtown Indianapolis. Located between Delaware Street and Virginia Avenue, the $150 million project is slated to include a Dolce Hotels and Resorts hotel, 320 luxury apartments, 40,000 square feet of restaurant and retail space and a 75,000-square-foot YMCA facility. The project is a part of a public-private partnership that includes the City of Indianapolis, State of Indiana and Eli Lilly & Co. Pending final approval, delivery of the first building components is scheduled for late 2011.
INDIANAPOLIS — National Commercial Auctioneers is auctioning a 190-unit multifamily building, which is located on Meridian Street in Indianapolis. The nine-story, 125,502-square-foot building offers studio, one- and two-bedroom units ranging in size from 351 to 1,325 square feet. Additionally, the 60-percent-occupied property includes on-site laundry facilities, access-card entry, free parking, four elevators and security cameras. The property will be up for auction on October 14, 2010.
CARBONDALE, ILL. — Southern Illinois University Carbondale has completed the development of Saluki Stadium and athletic facilities in Carbondale. Located on Saluki Way, the project was constructed by Holland Construction Services and J.E. Dunn Construction Co. The $38 million stadium facility offers 15,000 seats with more than 1,000 seats with chair backs and 14 air-conditioned suites. Holland provided construction services for the stadium, which was designed by Carbondale-based Image Architects. The athletic building and arena upgrades were completed by J.E. Dunn, and designed by Kansas City, Mo.-based 360 Architecture. The new Boydston Center houses locker rooms, meeting rooms and staff offices. The overall construction costs for the first two phases is approximately $78 million.
CHICAGO — Meridian Capital Group has negotiated a $58 million loan for Burnham Center, a 22-story office building located at 111 W. Washington St. in Chicago. The 579,800-square-foot building is owned by the Harbor Group. Meridian arranged a $46 million first mortgage loan and a $12 million mezzanine loan to recapitalize the property's outstanding first mortgage note and preferred equity investment. Wells Fargo provided the senior loan, while Redwood Trust provided the mezzanine loan. Meridian's Ronnie Levine and Tal Savariego negotiated the transaction.
CHICAGO — SkinnyCorp LLC, the parent company of Threadless, has signed a lease for a 45,000-square-foot warehouse property in Chicago. SkinnyCorp plans to use the property for executive offices and distribution of apparel for Threadless, an Internet-based seller of custom-designed t-shirts. Daniel McCarthy of Jones Lang LaSalle represented the tenant; Wayne Shulman and Tim Thompson of HSA Commercial Real Estate represented the landlord, Chicago-based JRG Capital Partners, in the transaction. Details of the long-term lease were not released.
WEST BEND, WIS. — Time Investment Co. has acquired 100 North Sixth Avenue in West Bend. The company plans to relocate its headquarters to the 15,042-square-foot office property. Time Investment is a direct sales financing company and plans to relocate more than 40 employees to the new facility. Blue Cross Blue Shield of Wisconsin sold the property for an undisclosed price. Mike Steer of Coldwell Banker represented the buyer; Kurt Klapperich of CB Richard Ellis' Milwaukee office represented the seller in the transaction.
CHICAGO — Essex Realty Group has brokered the bulk sale of six townhomes, which are located at 7002-16 W. Medill in Chicago's Montclare neighborhood. The asset consists of six three-bedroom/2.5-bath row-house style townhomes and includes 12 garage spaces. Jim Darrow and Jordan Gottlieb of Essex represented the undisclosed buyer, which acquired the property for $1 million. The seller was not disclosed.