ST. LOUIS — Q10 Triad Capital Advisors has closed $28 million in financing for the 197,500-square-foot Brentwood Square, a shopping center located at 1519-1909 Brentwood Blvd. in St. Louis. A life insurance company provided the 10-year loan.
OLATHE, KAN. — NorthMarq Capital has arranged $3.92 million in first mortgage financing for the 154-unit Southfork Apartments, located at 892 E. Old Hwy. 56 in Olathe. Brent Blake of NorthMarq's Kansas City, Kan., office arranged the 10-year loan with a 30-year amortization schedule through Freddie Mac.
TOPEKA, KAN. — Orozco Capital Trust has purchased the 116-unit Shawnee Lakes Apartments, located at 3613 Southeast Terrace in Topeka, for $4.2 million. The property is currently 95 percent occupied. Jeff Englert and Nathan Farha of Grubb & Ellis — Martens Commercial Group's Wichita, Kan., office, represented Wichita-based Shawnee Lakes Apartments, LP, the seller, in the transaction.
LORAIN, OHIO — Luttner Real Estate Investment Services has brokered the $3.12 million sale of a 11,606-square-foot freestanding building, located at 221 W. 5th St., in Lorain. The U.S. Social Security Administration has a 13-year lease on the building, which commenced in April. Dan Lariccia of Luttner's Cleveland office represented the seller, a private developer, and procured the buyer, a private investment group.
MANCHESTER, MO. — NorthMarq Capital has secured $4 million in financing for the 126,179-square-foot Lafayette Center, located in Manchester. Jeff Chaney with NorthMarq's St. Louis office secured the 10-year loan with a 30-year amortization schedule through PPM Finance.
GREENWOOD, IND. — Cassidy Turley has negotiated the sale of a 163,200-square-foot warehouse, located at 2011 & 2121 Southtech Dr. in Greenwood, for an undisclosed price. Jeffrey Castell and Angela Wethington of Cassidy Turley's Indianapolis office represented the seller, RBA, in the transaction. Cabot Properties, the buyer, was self-represented.
WIXOM, MICH. — Signature Associates has brokered the $3.7 million sale of a 76,000-square-foot industrial property, located at 30893 Century Dr. in Wixom. Jim Montgomery, David Giltner and Steve Gordon of Signature Associate's Southfield, Mich., office represented the seller, Harmon Highway Co., in the transaction. Montgomery and Gordon also represented the buyer, Mans.
OMAHA, NEB. — ODEC has started renovations on the 16-unit The Margaret, an apartment building located at 16th and Yates streets in Omaha. The renovations include the addition of green elements such as solar panels, Energy Star appliances, energy-efficient windows and lighting, Energy Star HVAC and hot-water units and other water saving fixtures. Omaha-based The Seldin Co. is managing the property, which is slated for an early December completion.
ORLAND, IND. — CTA Acoustics has signed a 93,200-square-foot lease at a manufacturing facility, located at 9670 Maple St. in Orland. Casey Cupp and Bill Cupp of Fort Wayne, Ind.-based CB Richard Ellis — Sturges represented the tenant in the lease negotiations. The landlord is Orland Acquisitions.
DES MOINES, IOWA, AND MINNEAPOLIS — Opus Development Corp. has closed on two construction loans totaling $32 million through TCF Bank. The loans will fund projects in Des Moines, Iowa, and Minneapolis. A loan was secured for the 198,000-square-foot Stadium Village Flats, a mixed-use development located in Stadium Village near the University of Minnesota, which is slated for completion in the fall of 2012. Also, a loan was arranged for a 300,000-square-foot industrial facility for a Fortune 100 company in Des Moines, which will be completed in February 2012. Construction has started on both projects.