St. Louis, Mo. — NorthMarq Capital has arranged a $14.52 million loan for Charter Place Apartments. The 284-unit multifamily property is located in St. Louis. The 10-year loan has a 30-year amortization schedule. The loan was arranged for the undisclosed borrower by NorthMarq through its affiliate AmeriSphere Multifamily Finance, a Fannie Mae DUS lender. The loan served as financing for the acquisition of the apartment community. The seller was Des Moines, Iowa-based Principal Global Investors. David Garfinkel of NorthMarq Capital’s St. Louis regional office arranged the financing.
ST. LOUIS — David Garfinkel of NorthMarq Capital’s St. Louis regional office has secured a $3.45 million mortgage for Meadows Corporate Center in St. Louis. The 69,236-square-foot industrial property is located at 1831-1875 Lackland Hill Parkway. Financing was based on a 15-year term with a 15-year amortization schedule. The loan was arranged for the undisclosed borrower through NorthMarq’s correspondent relationship with Aetna.
RICHMOND, ILL. — Bro Trust has acquired a 240,158-square-foot industrial property, which is located at 5900 Ami Drive in Richmond. Built in 1990 and situated on 14.35 acres, the property features 11,069 square feet of office space, 30- to 32-foot clear ceiling heights, visibility from U.S. Route 12, metal halide lighting and expandable trailer parking. Bro Trust is relocating from Niles, Ill., and will take occupancy in May. Keith Puritz, Brett Kroner, Ryan Bain and Zach Graham of CB Richard Ellis brokered the transaction. The seller was Intermatic Inc. and the asking price was $5.9 million.
EDINA, MINN. — Allina Hospitals & Clinics has selected RJM Construction for an expansion and remodel at Abbott Northwestern’s Center for Outpatient Care in Edina. The project includes a 4,700-square-foot expansion for Abbott Northwestern General Medicine Associates (ANGMA) and a 1,400-square-foot remodel of Abbott Northwestern Imaging Center. The project will include the construction of 16 exam rooms at ANGMA, an expansion of the ANGMA waiting room, the addition of two physician workrooms, and the relocation and remodel of the existing first-floor imaging center. Perkins+Will and Dunham are providing architectural and engineering services for the project, respectively. The project is scheduled for completion in August.
ST. LOUIS — MMG Acquisitions has purchased a 12,750-square-foot freestanding building in St. Louis. Located at 4645 Gravois, the retail property sold for $297,500. Dan Rossini and Chris McKanry of Grubb & Ellis|Gundaker Commercial represented the buyer; Michael Wolken of Coldwell Banker Commercial CRA represented the seller, East Grand Realty Co., in the transaction.
BRECKSVILLE, OHIO — A private investment group has acquired Brecksville Corporate Centers I and II, which are located at 6650 and 6670 W. Snowville Road in Brecksville. The two-building office/warehouse complex sold for $7.3 million. The 117,920-square-foot property consists of a 78,320-square-foot building and a 39,600-square-foot facility. Dan Cooper of The Cooper Commercial Investment Group represented the undisclosed local owners.
ANN ARBOR, MICH. — Magellan Properties has completed the development of a 25,000-square-foot retail center at 500 N. Maple St. in Ann Arbor. The property includes a 17,000-square-foot anchor site and 8,000 square feet of additional retail space. ALDI recently purchased the anchor site for an undisclosed price. Newcombe Clark of Bluestone Realty Advisors represented ALDI; Rene Papo of Magellan Properties represented the owner, Chelsea Land Company. Michael Lippett of Landmark Real Estate Services is marketing the additional retail space.
OMAHA AND LINCOLN, NEB. — NorthMarq Capital has arranged two first mortgage loans totaling $17.62 million for two multifamily properties in Nebraska. Located in Omaha, the 204-unit Enclave Apartments complex received a $9.945 million loan. The 182-unit Highpointe Apartments, which is located in Lincoln, was financed for $7.675 million. John Bendon of NorthMarq Capital’s Omaha office arranged the loans, which carry a 10-year term and a 30-year amortization schedule, through the company’s seller-servicer relationship with Freddie Mac.
OMAHA, NEB. — Locally owned Jasper Stone Partners has acquired Empire Spectrum, a flex/industrial property located at 111th and Q streets in Omaha. The three-building property sold for $8.1 million. Situated on 9.91 acres, the property offers 145,257 square feet of space. Ember Grummons of Investors Realty represented the buyer; the sellers were locally owned Empire Spectrum LP and 5104 LLC.
INDIANAPOLIS — A local private investor has purchased Christian Place Apartments, a historic apartment community located at the intersection of Ninth and Alabama streets in downtown Indianapolis. The 29-unit property is comprised of three converted Victorian homes and one row house building. Tikijian Associates represented the seller, Historic Landmarks Foundation of Indiana, which has since been renamed Indiana Landmarks, in the transaction. The acquisition price was not disclosed.