CHICAGO — HSA — Primecare has selected Premier Design + Build Group of the 22,500-square-foot Silver Cross Hospital & University of Chicago Medical Center Cancer Center tenant improvements. In addition to medial exam rooms and physician offices, construction includes a variety of cancer treatment procedure area including chemotherapy infusion bays, computed tomography imaging and radiation oncology via linear accelerator radiotherapy equipment. Completion is slated for spring 2012.
GRAND BLANC, MICH. — Ciena Healthcare has broken ground on the $8.5 million, 74-room Grand Blanc Care Center, a skilled nursing community located at 1330 Grand Pointe Ct. in Grand Blanc. The 68,000-square-foot facility will include short-term rehabilitation and long-term care suites, six bariatric rooms, a rehabilitative therapy room and a spa. Completion is slated for the summer of 2012.
MILWAUKEE — Micro Center has purchased a 5.7-acre former car dealership, located at 11221 and 11333 W. Burleigh St. in Milwaukee, from Michael S. Polsky, the court-approved receiver of the property, for $1.35 million. Don Zien of CBRE's Milwaukee office along with Joel Schneider of Atlas Partners' Chicago office represented the seller in the transaction.
ALTON, ILL. — NorthMarq Capital has arranged a $1.15 million, 2-year construction loan for a 2,714-square-foot Burger King, located at Homer Adams Parkway and Gold Road in Alton. Jeff Chaney, David Garfinkel and Mike Afentoullis of NorthMarq's St. Louis office secured the loan on behalf of the borrower, KS Real Estate. The property is fully leased to Burger King for 20 years.
CHICAGO — The 105,000-square-foot Village Market, located at 333 Benton Pl. in Chicago, has opened its two anchor tenants — a 55,000-square-foot Mariano’s Fresh Market, and a 13,000-square-foot III Forks Prime Steakhouse. Additional tenants to open in 2012 include Maison A Brasserie, Eggy’s and Cuticle Nail Salon. Magellan Development Group and Hanwha Engineering & Construction were the joint venture developers on the project. Loewenberg Architects designed the property for LEED Silver certification and McHugh Construction built it.
CALEDONIA, WIS. — The 40-unit Maplewood Apartments, located at 3017 Six Mile Rd. & 6900 Middle Rd. in Caledonia, has sold for $2.25 million. Gordon Steimle and Susan Sardina of Milwaukee-based Ogden & Co. represented Maplewood Associates, the buyer, in the transaction.
OVERLAND PARK, KAN. — NorthMarq Capital has arranged $5.28 million in first mortgage financing for the 136-unit Bremerton Park, located at 6313 W. 75th St. in Overland Park. Greg Duvall of NorthMarq's Kansas City, Kan., office closed the 10-year loan with a 30-year amortization schedule through Freddie Mac.
COLUMBUS, OHIO — CB Richard Ellis has negotiated the sale of the 407,472-square-foot One Columbus, a 26-story office building located at 10 W. Broad St. in Columbus. George Stecz and Don Roberts of CB Richard Ellis' Columbus office represented Invesco Real Estate, the seller, in the transaction. The buyer was White Plains, N.Y.-based True North Management Group.
JOHNSTON, IOWA — Hubbell Construction has completed three units and the clubhouse for the $5.9 million, 31-unit The Cottages at Johnston Commons, a senior living community located at 5814 Northglenn Dr. in Johnston. An additional eight units are slated for completion by the end of October. Amenities include a community gardening area, clubhouse, business center and 24-hour fitness center.
KANSAS CITY, MO. — NorthMarq Capital has secured $5.86 million in first mortgage financing for the 83-unit Richards and Conover Lofts, located at 200 W. 5th St. in Kansas City. David Garfinkel of NorthMarq's St. Louis office arranged the 7-year loan with a 30-year amortization schedule through AmeriSphere Multifamily Finance.