OMAHA, NEB. — Q10|Daisley Ruff Financial has arranged a $3.25 million permanent loan for a retail center in Omaha. The 119,000-square-foot center is anchored by a grocery store. Bob Chalupa of Q10|Daisley Ruff secured the 10-year, fixed-rate loan through a correspondent lender. The loan has a 4.75 percent interest rate.
KANSAS CITY, KAN. — LANE4 Property Group is developing 39Rainbow, a multi-phased, mixed-use development in Kansas City. Located across from the University of Kansas Medical Center and Hospital, the project will offer upscale retail, commercial/medical space and hotel components. The first phase includes the demolition of the former Sun Inn Hotel at the southwest corner of Rainbow Boulevard and Marty Avenue in Kansas City. Upon completion in spring 2012, the property will include approximately 10,000 square feet of retail space on the first floor and an 83-room Holiday Inn Express & Suites on floors two through four. Current tenants for the first phase include Five Guys and Yogurtopia, among other retailers. The second phase, which is slated to break ground in spring 2012, will double the street-level commercial space and offer four floors of commercial and medical space. Project partners include Lodging One Hospitality, Davidson Architects and Engineering, Crossland Construction Co., Polsinelli Shughart Law Firm, Enterprise Bank and Center Bank of Kansas City.
TIPTON AND WHITELAND, IND. — Lee & Associates – Indianapolis has brokered the sales of two properties in Indiana. In the first transaction, Steve Beals of Lee & Associates represented the Truss Partners in the acquisition of a 53,700-square-foot industrial facility, which is located at 840 S. County Road 550 West in Tipton, for an undisclosed price. Steve Beals of Lee & Associates represented the buyer; the seller, 84 Lumber, was self-represented in the transaction. In the second deal, Mike Kensill of Lee & Associates negotiated the sale of an 8,100-square-foot office facility, located at 410 N. U.S. 31 in Whiteland, for an undisclosed price. Kensill represented the buyer, D&M LLC, and the seller, First Financial Corp., in the transaction.
JACKSON, WIS. — Lange Realty, dba Mardon Control Systems, has acquired a 7,200-square-foot industrial facility at Jackson Northwest Industrial Park in Jackson. Platinum Enterprises sold the property, which is located at W208N16975 Center St., for an undisclosed price. Mardon plans to relocate its assembly operations to the new property. James Young of Milwaukee-based Cassidy Turley Barry represented the buyer; Brian Parrish of Dickman Co. represented the seller, in the transaction.
BOLINGBROOK, ILL. — KTR Capital Partners has acquired a 182,400-square-foot warehouse/manufacturing facility in Bolingbrook. BPG Properties sold the property for $7.35 million. Located at 605 Territorial Dr., the facility features 30-foot ceiling heights, an ESFR sprinkler system, electro-static-dissipating epoxy finished floors, climate control, 28 docks with 130-foot minimum truck court depths and 49-foot by 40-foot bays. Daniel Cawley and Terry Grapenthin of Cawley Chicago Commercial Real Estate represented the buyer; Joseph Neverauskas provided in-house representation for the seller in the transaction.
OAK BROOK, ILL. — A.M. Castle & Co. has selected McShane Construction Co. for the design/build construction of its 38,638-square-foot office suite at 1420 Kensington Road within The Crossings in Oak Brook. The specialty metals and plastics company is relocating from Franklin Park, Illinois. Archideas Inc. is providing architectural services for the project, which is scheduled for completion in April.
NORTHBROOK, ILL. — NorthMarq Capital has arranged $6.65 million in financing for the new headquarters of Nestle Foods' Frozen Pizza Division. The 75,260-square-foot facility is located at 885 Sunset Ridge in Northbrook. The loan amortizes over a 15-year schedule at a 5 percent interest rate. The property, which is 60 percent office and 40 percent research and development space, has been completed renovated and redeveloped with state-of-the-art improvements. Jeff Cherner of NorthMarq's Chicago office originated the loan.
OTTUMWA, IOWA, AND MANSFIELD, OHIO — Cassidy Turley Commercial Real Estate Services' Columbus, Ohio, office has brokered the sale of two Walgreens stores in Iowa and Ohio. New York-based American Realty Capital II has acquired 327 West Fourth Street in Ottumwa for $4.3 million and 1000 West Park Avenue in Mansfield for $4.69 million. Zane Fry, Micha Bitton and Kevin James of Cassidy Turley represented the undisclosed New York-based seller in the transaction.
STRAFFORD, MO. — John Deere Reman – Springfield is planning to develop a 275,000-square-foot facility in Strafford. Located in Strafford Industrial Park, the facility will serve as a central core processing and storage location for the company. The expansion is a $14 million new capital investment to the area and will create 55 new jobs over 5 years.
AURORA, ILL. — Cohen Financial has arranged a $4 million loan for the refinancing of an industrial corporate headquarters building in Aurora. Located at 4215 Campus Dr., the 46,986-square-foot property houses office, laboratory and warehouse space. The building is fully leased by Engineering Systems Inc. Michael Grant of Cohen Financial's Chicago office arranged the 10-year, fixed-rate loan with a 20-year amortization schedule. The borrower is Campus Drive LLC and the developer is REM Management Co.