HOBART, IND. — Foremost Groups has signed a lease for 50,000 square feet of industrial space at 6221 NorthWind Parkway in Hobart. Foremost is a manufacturer and distributor of bathroom and kitchen fixtures. John Jurisa of Partners Real Estate represented the tenant; George Cibula, Richard Daly and Chris Gary represented the landlord, Becknell Development, in the transaction. Terms of the lease were not released.
BYRON CENTER, MICH. — Claymore Solutions LLC has purchased an industrial property, which is located at 8505 Piedmont Industrial Parkway SW in Byron Center. The 23,668-square-foot property sold for an undisclosed price. Chad Versluis of NAI West Michigan represented the buyer; Versluis and David Smies, also of NAI West Michigan, represented the seller, Huntington Bank, in the transaction.
CHICAGO — RED Belmont has purchased a two-building industrial property at 2710-18 W. Belmont in Chicago. Republic Bank sold the 7,800-square-foot property, which is situated on a 12,000-square-foot site. Megan Meyer of Chicago Industrial Real Estate represented the buyer; James Hodur of Coldwell Banker Commercial represented the seller in the transaction. The sales price was not released.
KANSAS CITY, KAN. — Youngstown, Ohio-based Comprehensive Logistics, a third-party logistics provider, has signed a lease for 220,000 square feet of industrial space at 5300 Kansas Ave. within Kansas City's Turner Industrial District. The tenant plans to use the facility to receive international parts and sort the parts for distribution to the nearby General Motors Corp. Fairfax Assembly Plant. With this transaction, the 513,000-square-foot property is 100 percent leased to a variety of tenants, including Wainwright Inc. and Ozburn-Hessey Logistics. Howard Moss of Omni Consulting Group and Jack Allen of Karbank Real Estate Co. represented the tenant; Mark Long and John Green of Zimmer Real Estate Services, along with Bill Hardy of BH Properties, represented the landlord, BH Properties.
CINCINNATI — Jones Lang LaSalle (JLL) has merged its Cincinnati operations with Cincinnati Capital Properties in Cincinnati. The company has appointed Russell Myers, David Ottenjohn and William Poffenberger as executive vice presidents in the firm's Cincinnati office. The team will lead the new office and focus on office and industrial brokerage, representing both landlords and tenants across the Tri-State region.
MINNEAPOLIS — Bethesda, Md.-based Pebblebrook Hotel Trust has acquired The Grand Hotel Minneapolis for $33 million in an all-cash transaction. Located in downtown Minneapolis, the 14-story hotel features 140 guestrooms, the 58,000-square-foot Life Time Athletic Club and Life Spa, more than 6,500 square feet of meeting space and Zahtar, a three-meal-a-day restaurant. The hotel will be managed by San Francisco-based Kimpton Hotels and Restaurants.
CHICAGO — Leopardo, serving as construction manager, has completed the construction of Tailor Lofts, a 10-story student-housing property located at 315 S. Peoria in Chicago. The 275,000-square-foot property features 135 student apartments offering a total of 441 bedrooms. Each apartment is equipped with a kitchen, granite countertops, a dishwasher, a microwave, plasma televisions per bedroom and individual bathrooms in most units. Additional amenities include a tanning room, a fitness center, a lounge area, 11,400 square feet of retail space and a two-story, 15,000-square-foot parking garage. Fitzgerald Associates provided architectural services for the project.
BROOKFIELD, WIS. — Cities & Villages Mutual Insurance Co. has purchased a 24,696-square-foot office property in Brookfield. Grede LLC sold the property, which is located at 9898 W. Bluemound Rd., for an undisclosed price. Dan Jessup and John Mazza of Grubb & Ellis|Apex Commercial brokered the transaction.
WAUKEGAN, ILL. — Onsrud Cutter has purchased a 63,833-square-foot industrial facility in Waukegan. Situated on 6 acres at 1081 Northpoint Blvd., the property offers heavy power, air-conditioned warehouse/manufacturing space and 15,000 square feet of office space. Onsrud plans to relocate its manufacturing operations to the facility from its existing property in Libertyville, Ill. Steve Trapp of Cushman & Wakefield represented the buyer; Whit Heitman, Samuel Badger and Brad Weiner of Paine/Wetzel • ONCOR International represented the seller, Northpoint ADG LLC, in the transaction.
CHICAGO — A New York-based institutional real estate company has acquired the ground lease for a CVS/pharmacy location in Chicago. Located at 6355 W. Belmont Ave., the property is 100 percent leased to CVS on a long-term lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a private Chicago-based developer. The acquisition price was $3.6 million.