FLINT, MICH. — Bruce Gerhart of Love Funding's Cleveland office has arranged $2.82 million in refinancing for the 180-unit Linden Lane Apartments, located at 3095 Linden Ln. in Flint. The 35-year, fully amortizing loan was provided by the FHA's 223 (f) loan insurance program.
FRANKLIN PARK, ILL. — Vapor Power International has renewed its 51,200-square-foot lease on an industrial building, located at 551 County Line Rd. in Franklin Park. Gregory Wright and Adam Naparsteck of Chicago-based Paine/Wetzel — ONCOR International represented County Line Investors, the landlord, in the lease transaction. Andy Corken of CB Richard Ellis' Chicago office represented the tenant.
MADISON, ILL. — State Street Investment has sold a 101,288-square-foot industrial property, located at 10 Fox Industrial in Madison, to Green & Black Development. Shiloh, Ill.-based BARBERMurphy represented both parties in the transaction.
RACINE, WIS. — Milwaukee-based Grubb & Ellis/Apex Commercial has brokered the sale of a 78,400-square-foot industrial building located at 3911-3931 S. Memorial Dr. in Racine for an undisclosed price. Cumberland Packing Corp. purchased the property from David Kelley. Bill Langhoff of Grubb & Ellis/Apex Commercial represented both parties in the transaction.
PERRYSBURG, OHIO — Love Funding has arranged $4.23 million refinancing for the 132-unit Louisiana House Apartments, located at 129 Doctor McAuleys Ct. in Perrysburg. Robert Smallwood of Love Funding's Cleveland office secured the 30-year loan through the FHA's 223(a)(7) loan program.
ST. LOUIS, MO. — NorthMarq Capital has secured $2 million in permanent loan financing for an 18,950-square-foot retail building currently leased to Jo-Ann Fabrics, located at 6910 S. Lindbergh Blvd. in St. Louis. Jeff Chaney of NorthMarq's St. Louis office arranged the fully amortizing loan through Protective Life.
LYON TOWNSHIP, MICH. — Kennedy Industries has leased 38,181 square feet of industrial space at 52900 Grand River Ave. in Lyon Township. Jim Montgomery of Southfield, Mich.-based Signature Associates represented the tenant in the lease transaction. The landlord is Soave Real Estate.
ST. LOUIS — Kwame Building Group (KWAME) has completed work on a $15 million, 200-bed residence hall and dining facility at Harris-Stowe State University in St. Louis. KWAME managed the year-long project, with K&S Associates as the general contractor. Grice Group Architects and Trivers Associates provided architectural services for the project. Amenities include a cardio fitness room, laundry facility, mailboxes, community kitchen, 24-hour vending and a public safety office.
WARREN, OHIO — A joint venture between Cleveland-based Industrial Commerce, Los Angeles-based Industrial Realty Group and B.J. Alan Co. has purchased a 1.2 million-square-foot industrial park, located on North River Road in Warren, from Delphi Automotive for $2.63 million. No brokers were involved, but the deal was processed through the Western Reserve Port Authority. Additionally, Phantom Fireworks has leased 640,000 square feet on the property. Jeffrey Bilsky of Cleveland-based NAI Daus represented the tenant in the lease transactions.
YPSILANTI, MICH. — Kaftan Communities has purchased the 112-unit Bryn Mawr Apartments, located at 2277 S. Grove in Ypsilanti, for $2.35 million from Bryn Mawr Apartments, LP. Amenities include an outdoor pool, washer/dryer hookup in each apartment, private balconies and more. ICI Property Consultants represented both parties in the transaction.