CRYSTAL, MINN. — ALDI, an international discount grocery retailer, has opened at Crystal Town Center, which is located at Bass Lake Road and West Broadway Avenue in Crystal. The 17,929-square-foot store is located at 5620 W. Broadway Ave. The shopping center is owned by St. Paul, Minn.-based Paster Enterprises.
Midwest
PLAINWELL, MICH. — The Hampshire Companies has acquired a retail property from AC Green Associates for an undisclosed price. The 113,481-square-foot property is located at 1227 Michigan 89 in Plainwell. Fully occupied by The Home Depot, the property features a 98,839-square-foot retail space and an 18,642-square-foot garden center. Christopher Rider of Day Pitney LLP represented the buyer; John Marquis of Warner, Norcross & Judd represented the seller in the transaction.
DETROIT — 1401 Vermont LLC has purchased a 28,042-square-foot industrial facility in Detroit. The buyer plans to utilize the building, which is located at 2000 Porter St., as an artists guild. Michael Grammatico and Tom Jablonski of L. Mason Capitani CORFAC International represented the undisclosed seller in the transaction. The purchase price was not released.
MINNEAPOLIS — NorthMarq Capital's Minneapolis Regional office has arranged a $26.1 million loan for a six-building industrial portfolio in Minnesota. The 602,975-square-foot portfolio includes Enterprise Corporate Center in Mendota Heights, Lakepoint Distribution Center in Plymouth, Staring Lake I and Staring Lake II in Eden Prairie, Vadnais Heights Business Center in Vadnais Heights and River Crossings in Shakopee. NorthMarq's Patrick Minea arranged the 10-year loan for the borrower through NorthMarq's correspondent relationship with Allstate Life Insurance Co.
WOODRIDGE, ILL. — Premier Design + Build Group is serving as design/build contractor for the construction of Navistar's 65,531-square-foot office and training facility build-out in Woodridge. The tenant improvement project consists of 16,604 square feet of office space, which includes training, team, conference rooms and private open offices, and a warehouse/shop area including a photography studio, compressed air distribution system and vehicle exhaust track system with epoxy floors throughout. Bridge Development Partners owns the property. Cornerstone Architects providing architectural services for the project, which is slated for completion in April.
HIGH RIDGE, MO. — David French c/o Mediquip Parts Plus has purchased an industrial building in High Ridge. The 34,526-square-foot property is located at 4639 Waldo Industrial Dr. Kevin McKeon of NAI DESCO represented the buyer; Paul Nagel and Rudy Stinnett of Gundaker Commercial Group represented the seller, L M & N Building LLC, in the transaction. Terms of the sale were not released.
MACHESNEY PARK, ILL. — Rockford, Ill.-based Orput Companies Inc. has broken ground for the development of a 6,125-square-foot, build-to-suit/leaseback Advance Auto Store property in Machesney Park. The property will join Aldi Foods, Verizon Wireless, FedEx Office, Pizza Hut and Buffalo Wild Wings in Orput's 26-acre Willow Creek Retail Center, which is located at the intersection of Alpine Road and Illinois 173. Rockford-based Cord Construction is constructing the project, which is slated to open in July. Alpine Bank is providing financing for the project. Allen Joffe of Baum Realty represented Advance Auto in the transaction.
BURLINGTON, WIS. — Wildcat LLC has completed the disposition of a 13,650-square-foot industrial building, which is located at 762 Brookview Ave. in Burlington. Wisconsin Fluid Systems, which specializes in centrifuge filtration systems and biodiesel processing equipment, acquired the property for an undisclosed price. John Henderson and Vytau Barcas of NAI MLG Commercial represented the seller; Joe Busch of Bear Realty represented the buyer in the transaction.
FARMINGTON HILLS, MICH. — Southfield, Mich.-based Bernard Financial Group has arranged a $3.6 million loan for Haggerty Pointe Office in Farmington Hills. The 45,226-square-foot office building is owned by Haggerty Pointe Office LLC, also the borrower. Dennis Bernard and Kevin Kovachevich of Bernard Financial originated the loan.
NEWTON, IOWA — A Minnesota-based manufacturer has acquired a 175,000-square-foot industrial building located Newton Business Center in Newton for an undisclosed price. The buyer plan to use the property for manufacturing of folding cartons. The rail-served business center offers generous ceiling heights, cranes, heavy power and loading docks. Chris Pendroy and Kermit Marsh of Terrus Real Estate Group in Des Moines, Iowa, represented the seller, Los Angeles-based Industrial Realty Group, in the transaction.