SYLVANIA, OHIO — Athena Career Academy has leased 8,004 square feet of space at Starlite Plaza, which is located on Monroe Street in Sylvania. The academy is a career education school that focuses on nursing. John Healey and Mike Scannell of Toledo, Ohio-based Park West Realty represented Athena; Robert Saggese provided in-house representation for the landlord, Centro Properties Group. Terms of the lease not disclosed.
Midwest
RIVERWOODS, ILL. — Podolsky Northstar CORFAC International has brokered the disposition of Southpoint I, a 100,415-square-foot industrial property located in Tinley Crossings Corporate Center in Riverwoods. KVH Industries acquired the property, which is located at 8400 W. 185th St., from Jefferson Pilot Investments, a subsidiary of Lincoln Financial Group. Built in 1998, the property features 28-foot clear ceilings, 17 exterior docks, two drive-in-doors, an ESFR sprinklers and parking for 112 cars. Adam Tarantur and Randy Podolsky of Podolsky Northstar represented Jefferson Pilot; Larry Johnson of CB Richard Ellis represented KVH in the transaction. Dan Minor of Vorys, Sater Seymour & Pease LLP provided legal services for the seller, while Jay Gitles of Seyfarth Shaw provided legal services for the buyer.
CHICAGO — ProLogis has signed a third-quarter lease agreement for approximately 105,000 square feet of industrial space in Chicago. A third-party logistics company will occupy the space at ProLogis Park O'Hare Building One, a 258,000-square-foot distribution facility in Chicago. Terms of the lease were not released.
INDIANAPOLIS — BPG Properties Ltd. has completed the disposition of 8480-8520 Keystone Crossings, a three-building office and retail property in Indianapolis. PWA Keystone Crossing LP, an affiliate of PWA Real Estate, acquired the 117,276-square-foot property sold for $15.5 million. Rebecca Wells of Cassidy Turley's Indianapolis office represented the seller, BPG, in the transaction.
BROADVIEW, ILL. — Jallo Equipment Co. has acquired a 9,080-square-foot industrial building in Broadview. Located at 3029 S. 26th Ave., the property features 18-foot ceiling clearance, 1,795 square feet of office space and two grade-level doors. Jallo Equipment plans to relocate to the facility. Daniel Fanelli of Darwin Realty & Development Corp. represented the buyer; Dan Chopp of Chopp Commercial Properties represented the undisclosed seller. Terms of the sale were not disclosed.
CHICAGO — The Boulder Group has completed the sale of a CVS/pharmacy ground lease, which is located at 6355 W. Belmont Ave. in Chicago. A New York-based institutional real estate company acquired the single-tenant, net-leased property for $3.6 million. The property is 100 percent leased to CVS/pharmacy on a long-term lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago-based private developer, in the transaction.
WEST BLOOMFIELD TOWNSHIP, MICH. — Southfield, Mich.-based Bernard Financial Group has arranged a $1.9 million loan for the West Bloomfield Tech Center, which is located in West Bloomfield Township. Built in 1988, the three-building property offers 81,184 square feet of single-story flex industrial/office space. Kevin Kovachevich of Bernard Financial Group originated the loan.
INDIANAPOLIS — ExactTarget has signed a lease for 22,064 square feet of office space at The Century Building, which is located at 36 S. Pennsylvania St. in Indianapolis. Terms of the lease were not released. Jenna Barnett of Halaker Real Estate represented the tenant; Matt Langfeldt and Rich Forslund of NAI Olympia Partners represented the landlord, Blue Real Estate, in the transaction.
MCPHERSON, KAN. — Oklahoma City-based MCPHSN LLC has completed the disposition of Plaza East Shopping Center in McPherson. Located at 2210 E. Kansas Ave., the 72,329-square-foot retail center was purchased by New York-based Cedar Hill Realty LLC for $3.65 million. The property is currently occupied by Hibbett Sports, Orscheln Farm & Home and Hutchinson Community College. Jason Little and Daniel Morris of Canopy Commercial | Auction, along with Gib Kerr of Sperry Van Ness | Gibson Kerr Company, represented the seller; Little also represented the buyer in the transaction. Mary Gardner and Michelle Roberts of Lawyers Title Company's Oklahoma City office provided title and escrow services for the transaction. Acquisition financing was provided by Bryan Geiger of Bank of Oklahoma NA.
WAUKESHA, WIS. — FJF Investments I LLC has acquired a 14,000-square-foot industrial property in Waukesha. The property is situated on 2.65 acres at 1505 Arcadian Ave. Albert Kropp Revocable Trust sold the property for an undisclosed price. Adam Matson of NAI MLG Commercial represented the buyer; Brian Parrish of The Dickman Company/CORFAC International represented the seller in the transaction.