Midwest

REDEVELOPMENT UNDER WAY FOR BRYWOOD CENTRE

by admin July 23, 2010

KANSAS CITY, MO. — Westchester, Ill.-based Tri-Land Properties has started the redevelopment of Brywood Centre, an 183,464-square-foot retail center along 63rd Street in Kansas City. A recently renovated Price Chopper anchors the center. Additionally, Dollar Tree has signed a 10-year deal to occupy 12,000 square feet of space. The renovation project includes a new building façade, exterior parking lot upgrades, and the construction of six outlot pads. Completion of the project’s first phase is slated for spring 2011. The redevelopment project is partially funded by Tax Increment Financing and a Community Investment District totally $10 million.

July 23, 2010

M.A.K.S. INC. ACQUIRES 17,514-SQUARE-FOOT SPACE IN TROY, MICHIGAN

by admin July 23, 2010

TROY, MICH. — Joe DePonio of L. Mason Capitani/CORFAC International represented M.A.K.S. Inc. in the purchase of 17,514 square feet of industrial space at 1150 Rankin in Troy. The buyer is expanding to the new space to accommodate its new medical division. The seller and terms of the sale were not released.

July 23, 2010

Industrial Midwest

CENEVO LEASES 220,000 SQUARE FEET IN MISSOURI

by admin July 23, 2010

EUREKA, MO. — Stamford, Conn.-based Cenevo Inc. has leased 220,000 square feet of industrial space at the former Visteon facility at 101 Workman Court in Eureka. Cenevo’s 10-year lease begins this fall. Bob Staniforth of CB Richard Ellis brokered the transaction. Staniforth is the exclusive leasing agent for the property. Terms of the lease were not disclosed.

July 23, 2010

Industrial Midwest

43,000-SQUARE-FOOT INDUSTRIAL FACILITY SELLS IN MICHIGAN

by admin July 22, 2010

MADISON HEIGHTS, MICH. — Investments Real Estate LLC has completed the disposition of a 43,000-square-foot industrial facility in Madison Heights. Located at 29330-29350 Stephenson Highway, the property is the last of the industrial holdings owned by the seller. Michael Grammatico and Garry Rogers of L. Mason Capitani/CORFAC International represented the seller in the transaction. The buyer and acquisition price were not released.

July 22, 2010

Industrial Midwest

APPLETON PAPERS SIGNS 220,000-SQUARE-FOOT LEASE IN OHIO

by admin July 22, 2010

MONROE, OHIO — Appleton Papers has signed 219,648 square feet at Monroe Logistics Center Building A, which is located at 1025 Logistics Way in Monroe. The carbonless, thermal and security paper manufacturer plans to occupy the industrial property in October. The building features skylights, 36-foot clear ceiling heights, 60-foot bays, employee and trailer parking, and ESFR sprinklers. Si Pitstick of Cincinnati Commercial Realtors represented the tenant; Doug Armbruster provided in-house representation for the ownership, IDI. Terms of the lease were not released.

July 22, 2010

Midwest Retail

CVS/PHARMACY COMPLETE IN KANSAS

by admin July 22, 2010

OLATHE, KAN. — McShane Construction Co. has recently completed the construction of a 13,255-square-foot CVS/pharmacy retail store in Olathe. Construction of the property began in September 2009 and the location celebrated its grand opening in June. The property features retail space, a L-shaped walk-in cooler and a fully operational pharmacy with a customer drive-thru lane. Cedarwood Architectural Inc. provided architectural services for the project, which was developed by CDI Development.

July 22, 2010

Industrial Midwest

209,166-SQUARE-FOOT MANUFACTURING FACILITY TRADES HANDS

by admin July 21, 2010

MOUNT PLEASANT, WIS. — Racine, Wis.-based Treasures Media Inc. has acquired a 209,166-square-foot manufacturing facility, which is located at 2745 Chicory Road in Mount Pleasant, for an undisclosed price. The wholesale book distributor plans to use the facility to accommodate its expansion. Gerry Norton of Binswanger’s Minneapolis office represented the seller, Paoli, Pa.-based Ametek Inc., in the transaction.

July 21, 2010

Industrial Midwest

WISCONSIN INDUSTRIAL BUILDING SELLS

by admin July 21, 2010

NEW BERLIN, WIS. — 1535 LLC has purchased 16333 West Rodgers Drive in New Berlin. The property offers 56,884 square feet of industrial space. James L. Coffey sold the property for an undisclosed price. Kevin Barry of Cassidy Turley Barry represented the buyer; Samuel M. Dickman Jr. and Samuel D. Dickman of The Dickman Company Inc./CORFAC International represented the seller in the transaction.

July 21, 2010

Midwest Multifamily

$4.5 MILLION LOAN SECURED FOR WISCONSIN HOUSING COMMUNITY

by admin July 21, 2010

KENOSHA, WIS. — The Chicago office of Tremont Realty Capital has secured financing for Oakwood MHC, a manufactured housing community in Kenosha. The $4.5 million loan will be used to refinance the 215-unit community. The 5-year, non-recourse loan provided for approximately 63 percent loan-to-value with a 5.25 percent interest rate. Tremont’s Tom Lorenzini arranged the loan on behalf of the undisclosed borrower.

July 21, 2010

Midwest Office

LAW FIRM TAKES HISTORIC ROCKWELL BUILDING IN CLEVELAND

by admin July 21, 2010

CLEVELAND — Calfee, Halter & Griswold LLP has signed a 20-year lease to occupy the historic Rockwell Building, which is located at 1403 E. 6th St. in Cleveland. The company’s more than 300 attorneys and staff will relocate to the seven-story office building, which will be renamed The Calfee Building, in late 2011. The building has 115,000 square feet of additional expansion space available over the planned adjacent parking garage. Calfee is partnering with the building owner, Steve Calabrese and CRM, on its construction build-out. The team is seeking a LEED Interior Design and Construction certification for the project, which will feature a rooftop garden, decreasing energy consumption through individual control options, increasing energy efficiency with new windows and lighting, and recycled materials.

July 21, 2010

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