NORTH OLMSTED, OHIO — The 4,886-square-foot, two-building Domino's Pizza Plaza, located on Lorain Avenue in North Olmsted, has sold for an undisclosed price. The building is 100 percent leased to Domino's and Hanna's Pub. Kyle Hartung and Rob Yaskanich of Cleveland-based Goodman Real Estate Services Group were the exclusive listing agents for the property.
Midwest
ST. PAUL, MINN. — NorthMarq Capital has arranged $10.4 million first mortgage financing for the 258-unit Highland Village Apartments, located at 845 Cleveland Ave. in St. Paul. Financing was based on a 7-year term and a 30-year amortization schedule. NorthMarq arranged the financing through its seller-servicer relationship with Freddie Mac.
MIDDLEBURG HEIGHTS, OHIO — The 43,150-square-foot warehouse/distribution facility, located at 6760 Eastland Rd. in Middleburg Heights has sold for $1.2 million. The facility features 26-28' clear ceiling height, 18 docks, one drive-in door and 6,000 square feet of office space. The buyer, Equitable Holding Co., was represented by Terry Coyne of Grubb & Ellis Co.'s Cleveland office and Bruce Granger of the Rosemont, Ill., office. The seller, Trustees of Laurence Consolidated Trust, was represented by Jeff Rudy of Independence, Ohio-based Pinnacle Real Estate Services.
LENEXA, KAN. — Meritex has signed three leases, totaling 147,120 square feet of space, at Meritex Lenexa Executive Park, an underground multi-tenant office/warehouse facility in Lenexa. Bryne Custom Woodworking renewed its 15,000-square-foot lease; Ink Cycle renewed its lease of 107,120 square feet; and Service Pak signed a new 25,000-square-foot lease. No brokers were involved in the transactions.
GOLDEN VALLEY, MINN. — Patrick Minea of NorthMarq Capital's Minneapolis office has arranged first mortgage financing in the amount of $18.5 million for Golden Hills Office Center, located at 701 Xenia Ave. South in Golden Valley. The property contains 190,758 square feet of office space. Financing was based on a 10-year term and a 30-year amortization schedule, and was arranged through NorthMarq's relationship with Cornerstone Real Estate Advisors.
CRETE, ILL. — Josh Hearns and Terry Grapenthin of Cawley Chicago Commercial Real Estate have secured 12 acres in the Crete Park of Commerce in the Interstate 394 Corridor in Crete for Silliker, which plans to develop a 60,000-square-foot research and development facility for food testing. Silliker tests food for various national and local fast food chains. The new facility will consolidate Silliker's two locations in south Cook County, Ill.
GRAND RAPIDS, MICH. — Hoty Builders, LLC has completed construction of a 24,800-square-foot office building located at 3045 Knapp St. in Grand Rapids for the U.S. General Services Administration (GSA), which will lease the building. It will be home to the Social Security Administration. Hoty Builders has completed similar office buildings for the U.S. GSA throughout Ohio, Michigan and Illinois.
MANCHESTER, MO. — Mungenast Lexus of St. Louis has become the first LEED-NC Lexus new car dealership built from the ground up in the U.S. Located at 13700 Manchester Rd. in Manchester, Mungenast Lexus is a branch of the Mungenast Automotive Family. The dealership called upon HDA Architects, Holland Construction and Vertegy to design and build the sustainable property. Efficient lighting, water-saving devices and other environmentally friendly elements were incorporated into the 70,000-square-foot facility. More than 91 percent of the construction and demolition waste was diverted from the landfill by way of recycling centers and reuse.
CINCINNATI — The two-story, 28,700-square-foot office building located at 8800 Governor's Hill in Cincinnati has been acquired for $2.9 million. The building is 100 percent leased by Verizon Wireless and DeVry University. A Cincinnati-based investor purchased the property from Duke Realty Corp, represented by Mike Sullivan, Jim O'Connell and Thomas Powers of Cassidy Turley. The office property is visible from Interstate 71.
OLATHE, KAN. — Nabholz Construction has purchased 9,750 square feet of industrial space, located at 1707 E. 123rd Terrace in Olathe, from Randall W. Fruit Trust. John Stafford of Colliers International represented the seller in the transaction, while the buyer was not represented.