NEW LENOX, ILL. — Premier Design + Build Group has started construction on the 22,869-square-foot Silver Cross Hospital/University of Chicago Medical Center, a two-story cancer treatment center in New Lenox. The project features an architectural precast connector link that will adjoin the new facility to the existing medical office building on the Silver Cross Hospital campus. RTKL Associates is providing architectural services for the project, which is scheduled for completion in November.
KENOSHA, WIS. — Faris Lee Investments has negotiated the $6.6 million sale of a 30,000-square-foot, single-tenant retail property, located at 7021 120th Ave. in Kenosha, which is currently leased to Best Buy. Jeff Conover of Faris Lee represented the seller, Del Mar, Calif.-based GM Investors, and the buyer, Phoenix-based Cole Capital.
CHICAGO — Behinger Harvard has refinanced the maturing debt on the more than 1 million-square-foot One Financial Place in Chicago. JP Morgan Chase provided the new 2-year financing, which offers three one-year extension options.
LYONS, OHIO — Binswanger has arranged the sale of a 50,954-square-foot industrial building located at 7346 State Highway 120 in Lyons. Ahilleas Enterprises purchased the property from DriveSol Worldwide. Rob Gemerchak of the firm's Sylvania, Ohio, office was the sold broker in the transaction.
BRIDGETON, MO. — NorthMarq Capital has arranged $6.15 million in permanent loan financing for the 300-unit Bridgepoint Crossing, located at 4015 Brittany Circle in Bridgeton. The financing, which includes a 10-year term with a 25-year amortization schedule, was arranged through Freddie Mac.
ORION TOWNSHIP, MICH. — Kensington Church has purchased a 71,752-square-foot industrial building, located at 4640 S. Lapeer Rd. in Orion Township, from Fidelity Bank for $1.65 million. The building will be renovated to include a 1,500 seat auditorium for the church. Mason L. Capitani and Garry Rogers of Troy, Mich.-based L. Mason Capitani/CORFAC International represented the seller in the transaction.
ANN ARBOR, MICH. — New York City-based Vesper Holdings has purchased the 233-unit Woodland Mews Apartments & Townhomes in Ann Arbor through an off-market transaction. The complex is in close proximity to the University of Michigan and is 100 percent leased. Amenities include a swimming pool, central air, balconies, and in-unit washer and dryers. Vesper plans to invest more than $1 million in capital improvements.
INDIANAPOLIS — Welsh Property Trust has acquired a 741,092-square-foot industrial building, located at 3003 Reeves Rd. in Indianapolis, for an undisclosed price. The building, which contains 36-foot clear ceilings, cross-dock capabilities and more than 300,000 square feet of future expansion potential, is fully leased to Redcats USA.
MILWAUKEE — Semco has sold a 95,500-square-foot industrial property, located at 11225 W. Heather Ave. in Milwaukee, to 11225 Heather, LLC, for an undisclosed price. Sam Dickman, Jr., and Sam Dickman, Sr., of Milwaukee-based The Dickman Co./CORFAC International represented both the buyer and the seller in the transaction.
ORLAND PARK, ILL. — Chicago-based Essex Realty Group has brokered the $1.05 million sale of Main Street Village Shopping Center, located at 16065-93 S. LaGrange Rd. in Orland Park. The property consists of a single building with six retail spaces. David Schwartz, Jason Fishleder, Doug Imber and Matt Welke of Essex represented both the buyer and the seller in the transaction.