ALLIANCE, OHIO — Chipotle Mexican Grill has signed a 2,250-square-foot lease, located at the corner of State Street and Western Avenue in Alliance, to build a new restaurant. Cleveland-based Goodman Real Estate Services Group represented the tenant in the lease transaction. Completion is slated for October 2011.
GRAFTON, WIS. — Gunnar Wallin Properties has purchased a 70,217-square-foot industrial property, located at 1230 Cheyenne Ave. in Grafton from SKF USA for an undisclosed price. Sam Dickman, Jr., Sam Dickman and Anthony Huenerbein of Milwaukee-based The Dickman Co. — CORFAC International represented the buyer in the transaction and Adam Williquette of NAI MLG Commercial represented the seller.
BROOKLYN CENTER, MINN. — Welsh Construction has started construction on a 63,000-square-foot facility, located at 7051 Brooklyn Blvd. in Brooklyn Center, for the Community Emergency Assistant Program (CEAP), Hennepin County and Osseo Area Schools. The family services center will offer education services to economic assistance and will replace CEAP's main facility in Brooklyn Park, Minn., and its smaller facilities in Maple Grove, Minn. Additionally, it will house the first regional hub for Hennepin County Human Services and Public Health Department. Completion is slated for September 2012.
CHICAGO — Meridian Capital Group has secured a $66 million senior mortgage on behalf of Baker Development Corp. to refinance its 178,700-square-foot shopping center, located at 2100-2196 N. Elston Ave. in Chicago. Jacob Schmuckler and Ronnie Levine of Meridian's New York City office arranged the 5-year financing, which was provided by a balance sheet lender.
CHICAGO — Downtown Properties, a U.S. associate of Hong Kong-based Gaw Capital Partners, has acquired Three First National Plaza, a 1.4 million-square-foot office building at 70 W. Madison St. in downtown Chicago. The 57-story, Class A office tower is currently 92 percent leased to tenants like Morgan Stanley, Fitch Ratings and K&L Gates. The property was acquired from Hines, a commercial real estate developer. Downtown Properties was the co-investor and advisor of the acquisition. South Korea's Hyundai Asset Management is the manager of the asset. Wells Fargo Securities Asia acted as the buy-side advisor, while Eastdil Secured arranged the acquisition financing and was Hines advisor.
NILES, ILL. — The Missner Group has completed a 40,000-square-foot build-out for the new franchise location of Sky High Sports, located at 6424 Howard St. in Niles. The company built out the existing space to meet the requirements of Sky High Sports' trampoline and entertainment activities. The facility features two trampoline courts, a dodge ball court, a kids' court and two foam pits.
SAINT PAUL, MINN. — Amherst H. Wilder Foundation has sold the 121-unit Humboldt Apartments, located at 516 Humboldt Ave. in Saint Paul, to Rockville, Md.-based National Foundation for Affordable Housing Solutions for an undisclosed price. Gina Dingman of Minneapolis-based GDCRE represented the seller in the transaction.
COLUMBUS, IND. — San Francisco-based Piping Rock Partners has refinanced $4.35 million in acquisition debt for the 120-unit Fox Pointe Apartments, located at 4740 Fox Trail Ln. in Columbus. The FHA provided the 35-year loan, which is fully amortized.
CHICAGO — Summit Design + Build has completed a $20 million, 91,000-square-foot headquarters and product distribution facility for Testa Produce, located at 4555 S. Racine Ave. in Chicago. The facility sits on 11 acres in the Chicago Stockyards Industrial Park. Testa Produce will relocate from its existing facility at 1501 N. Blue Island Ave. in Chicago.
PORT WASHINGTON, WIS. — Aldrich Chemical Co. has purchased a 182,000-square-foot industrial property, located at 690 W. Oakland Ave. in Port Washington, from Park Street Industrial. Brian Parrish and Dave Hazenfield of Milwaukee-based The Dickman Co. — CORFAC International represented the seller in the transaction. Elizabeth Kane and Katie Hobbins of Coldwell Banker Commercial represented the buyer.