MILWAUKEE — Brennan Investment Group has completed the sale-leaseback of a 95,500-square-foot industrial property located at 11225 Heather Ave. in Milwaukee to Integrated Filing Solutions for an undisclosed price. Sam Dickman, Jr., of Milwaukee, Wis.-based The Dickman Co. represented the tenant in the transactions.
CHICAGO — Chicago-based general contractors Safeway Construction and Weis Builders have completed construction on the 45-unit King Legacy Apartments, an affordable apartment complex in Chicago. The three-story complex contains six retail units on the first floor. The Martin Luther King Fair Housing Exhibit Center is the main retail tenant.
CHICAGO — Jeff Cherner with NorthMarq Capital's Chicago office has arranged $8 million in financing for a 67,690-square-foot office building located at 114 S. Racine in Chicago. Major tenants include Intercultural Montessori School, CCMSI and C.H. Robinson Worldwide. Financing was based on a 7-year term with a 25-year amortization schedule and was secured on behalf of the borrower, The Sterling Bay Cos., through a regional bank.
SALINA, KAN. — The 6,533-square-foot Logan's Roadhouse restaurant, located at 3050 Riffel Dr. in Salina, has been sold for $1.44 million. Randy Blakstein and Jimmy Goodman of Northbrook, Ill.-based The Boulder Group represented the buyer, a Chicago-based investor. The seller was a Kansas-based developer.
URBANA, ILL. — New York City-based NAI Chesterfield has arranged debt restructuring for the owners of a 74-room Holiday Inn Express and a 202-room Holiday Inn both of which are located in Urbana. The hotels were losing more than $1.2 million and the borrowers were at risk for a potential $9 million liability of personal guaranties. NAI Chesterfield negotiated with the lender, an investment group that recently acquired the loan, to settle for a 97 percent discount from those guaranties.
FREMONT, OHIO — Toledo, Ohio-based Tolson Investments has broken ground for the 21,000-square-foot Liberty Square II in Fremont. 75 percent of the space is pre-leased to national tenants and Wal-Mart will shadow anchor the center. Completion is slated for fall 2011. Pre-leasing has also begun for an expansion of the center, which will occur in 2012.
AURORA, ILL. — Cawley Chicago Real Estate has negotiated a sale-leaseback for a 175,000-square-foot manufacturing and distribution center located at 3920 Enterprise Ct. in Aurora. Dan Cawley, Terry Grapenthin and Josh Hearne of Cawley represented the buyer, KTR Capital Partners, who purchased the building from Cano Container. KTR then leased the building to Cano.
PLYMOUTH, MINN. — Binswanger has arranged the sale of a 60,780-square-foot industrial building located at 13010 County Rd. 6 in Plymouth. Cenveo sold the property to Log House Foods. Gerry Norton of Binswanger's Minneapolis office and James Panczykowski of the North Haven, Conn., office represented the seller.
NAPERVILLE, ILL. — Marcus & Millichap has negotiated the $1.55 million sale of a 7,200-square-foot property net-leased to Davis Automotive that is located in Naperville. Michael Marks and Evan Halkias of the firm's Chicago office represented the seller and the buyer in the transaction.
ELKHORN, WIS. — 530 Centralia LLC has sold a 32,500-square-foot industrial property, located at 530 Centralia St. in Elkhorn, to Van Dyken Enterprises. John Henderson, Vytau Barcas and Margaret Knize of NAI MLG Commercial handled the transaction.