FARMINGTON HILLS, MICH. — Canada-based TSA Acquisition Corp. has purchased Bond Office Building complex, which is located at 31600-31700 W. Thirteen Mile Road in Farmington Hills. The 44,790-square-foot complex was listed at $1.77 million, however the acquisition price was not released. At the time of closing, the property was 70 percent leased. Garrett Middlekauff and Mason L. Capitani of L. Mason Capitani represented the buyer in the transaction. The seller was not released.
CHICAGO — Summit Design + Build has completed a 4,000-square-foot build-out at 626 West Jackson Boulevard for Chicago-based Sterling Bay Companies. The office build-out project included private offices, open offices, conference rooms, an open meeting room, a break room and a reception area. Additionally, the new office features glass walls ceramic tile, modern light fixtures and open ceilings. Fitzgerald Earles Architects & Associates provided architectural services for the project.
INDIANAPOLIS — Browning Construction has been selected to construct Lake City Bank's first office building/bank branch in Indianapolis. Located within Parkwood West at 96 and Meridian streets, the 11,200-square-foot, Class A facility has been designed by MSKTD & Associates to achieve LEED Silver certification. Completion is scheduled for October.
ROSEVILLE, MICH. — Southfield, Mich.-based Bernard Financial Group has arranged a $6.8 million loan for Sandhurst Apartments in Roseville. The property consists of 25 two-story buildings offering a total of 328 units. Dennis Bernard and Kevin Kovachevich of Bernard Financial arranged the financing for the borrower, Sandhurst Owner LLC
BEDFORD PARK, ILL. — Sappi Fine Paper North America, a global paper products manufacturer and supplier, has signed a lease for 225,000 square feet of industrial warehouse space at 6558 W. 73rd St. in Bedford Park. The space is located within a 309,479-square-foot rail-served warehouse near the Interstate 55 Corridor. William Strey and Dirk Hrobksy of UGL Services represented the tenant; Adam Roth of NAI Hiffman represented the landlord, Mirvac Industrial Trust, in the transaction. Terms of the lease were not released.
CHICAGO — Walmart has acquired a 13.5-acre shovel-ready land parcel on Chicago's South Side. The company plans to develop a 155,000-square-foot Walmart Supercenter at the site, which is located within Chatham Market shopping center on 83rd Street and South Holland Road. This location will be the first of six full-scale stores that Walmart plans to build in Chicago. Additionally, Walmart has leased an existing 10,000-square-foot building at Chatham Market for a Walmart Express store, a convenience grocery concept that will be the first of its kind in Chicago. Tom Kirschbraun, Meredith O'Connor and Edward Lewis of Jones Lang LaSalle represented the seller, Monroe Investment Partners, in the transaction. Terms of the sale and lease were not disclosed.
CLINTON TOWNSHIP, MICH. — MCE Properties has acquired a 125,684-square-foot industrial facility in Clinton Township for an undisclosed price. The buyer plans to make several improvements to the site and immediately relocate to the facility, which is located at 35135 Groesbeck Highway. The acquisition price was not released but the asking price was $1.59 million. Joe DePonio and Jason Capitani of L. Mason Capitani brokered the transaction. The seller was not released.
NEW BERLIN, WIS. — License Products, dba FirsTime Manufactory has signed a lease for an industrial facility in New Berlin. The 47,333-square-foot property is located at 2350 S. 170th St. Bedford Realty c/o Univar USA leased the space to the tenant for an undisclosed price. Samuel Dickman Jr., Samuel Dickman and Brian Parrish of The Dickman Company/CORFAC represented the tenant in the transaction.
MUNCIE, IND. — Marcus & Millichap has brokered the sale of Beacon Hill, Chesterfield and Kensington in Muncie. The multifamily properties, which total 103 units, are located adjacent to Ball University and were 100 percent leased at the time of acquisition. Michael Wernke and Jim Walsh of Marcus & Millichap secured and represented the undisclosed buyer. The asking price was $5.9 million, however, the acquisition price was not disclosed. Additionally, the seller was not released.
BOLINGBROOK, ILL. — KTR Capital Partners has acquired 605 Territorial Drive in Bolingbrook. The 182,400-square-foot property features 30-foot clear heights, heavy parking, loading and power, flexible office options and a fully air conditioned warehouse space. At the time of acquisition, the property was 50 percent leased and currently offers two contiguous units of 40,181 and 48,101 square feet for lease. BPG Properties sold the facility for an undisclosed price. Terry Grapenthin and Josh Hearne of Cawley Chicago Real Estate represented KTR in the transaction.