GLENDALE, WIS. — Weyco Group has selected the Milwaukee office of Opus Development Corp. to construct a 52,000-square-foot expansion at the company's headquarters in Glendale. The mezzanine expansion will provide additional space to accommodate the company's continued growth and expansion. Weyco, a shoe manufacturer, recently acquired The Combs Companies, the owner of Bogs and Rafters footwear brands. Completion is scheduled for July.
NEWARK, OHIO — Franktown, Colo.-based MIMG XXIII McMillen Woods LLC has acquired McMillen Woods, a multifamily property located at 95 S. Westmoor Ave. in Newark, for $16.4 million. Built in phases from 1976 through 1990, the 391-unit property features two studio units, 38 one-bedroom units, 187 two-bedroom units and 164 three-bedroom units. Mark Rohr and Eric Taylor of Hendricks & Partners' Michigan office represented the seller, Newark-based McMillen Woods LLC, in the transaction.
CHICAGO — Charlotte, N.C.-based Green Bear Real Estate Capital has closed a $87 million debt and equity private placement for a mixed-use construction project in Chicago. Located in Chicago's Old Town neighborhood, the 380,000-square-foot project will feature 250 apartment units and 30,000 square feet of retail space. Additionally, the property will feature a multi-level parking garage with 250 parking spaces and garage elevators that are accessible by residents and guests. The financing was provided by an insurance company and the structure consisted of a $59 million construction loan and a $28 million equity investment for the development of the LEED-certified, luxury residential building.
ST. JOHN, IND. — An undisclosed Canada-based investor has purchased the ground lease of a Citizens Financial Bank property in St. John. The 36,258-square-foot property, which is long-term leased to the bank, sold for $1.61 million. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago-based partnership, in the transaction.
CHICAGO — An affiliate of Habor Group International (HGI) has acquired a portfolio of Walgreens stores in Chicago for $27.8 million. The four properties are leased for remaining initial terms ranging from 20 to 25 years. The portfolio includes the 14,820-square-foot store at 2744 N. California Ave.; the 14,490-square-foot location at 3424 W. Belmont; the 14,820-square-foot store at 4001 W. Irving Park Road; and the 14,820-square-foot location at 2020 S. Naperville Road. The seller was not released.
KANSAS CITY, MO. — Graphic Packaging International has signed a lease for 155,000 square feet at 5800 Stilwell Avenue in Kansas City. The tenant, which produces innovative and sustainable packaging, plans to use the space for expansion and relocation from the company's existing warehouse operations in the Greater Kansas City market. The lease includes the entire industrial facility as well as a portion of the building's office component. James Phillpott, Raymond Stache, Elizabeth Pittman, Travis Jackson, John O'Neill, Chris White, Allison Bittel and Addison Meriwether of Cushman & Wakefield Inc. and Joe Accurso of Kessinger Hunter & Company represented the tenant; Kenneth Block, Zach Hubbard and Michael Block of Block Real Estate Services represented the landlord, 5800 Stilwell Associates, an investment group formed by Kenneth Block of Block Real Estate Services, in the transaction. Terms of the lease were not disclosed.
ADDISON, ILL. — DCT Industrial has acquired a 156,000-square-foot multi-tenant facility in Addison. Located at 450 S. Lombard Road, the three-unit property features 24-foot clear ceiling heights, 13 interior loading docks and heavy power. Additionally, the property is rail served by Canadian National. TST/Impreso Inc. currently leases 55,000 square feet within the property. Noel Liston of Darwin Realty & Development Corp. represented the buyer in the transaction. Terms of the sale were not released.
ONALASKA, WIS. — Brenengen Auto Group has purchased a former Saturn dealership in Onalaska from Bergstorm Automotive. Situated on 5.22 acres at 531 Theater Road, the 24,579-square-foot property sold for $2.9 million. Casey Weiss and Maria Peterson of Access Commercial Real Estate represented the seller in the transaction.
ALLIANCE, OHIO — Marcus & Millichap has brokered the sale of an Applebee's Restaurant in Alliance. Located at 2600 W. State St., the 4,320-square-foot restaurant facility sold for $2.05 million or $475 per square foot. John Talbot, Scott Wiles,Craig Fuller and Erin Patton of Marcus & Millichap negotiated the sale. The seller and buyer were not disclosed.
LAFAYETTE, IND. — Financial Equity Associates has acquired Twyckenham, a 200-unit multifamily property located in Lafayette. The buyer plans to continue to operate the property with the partial Housing Assistance Program contract in place. Resource Residential sold the property for an undisclosed price. CB Richard Ellis' Indianapolis-Cincinnati Multi-Housing Group negotiated the sale. Terms of the acquisition were not released.