ANN ARBOR, MICH. — Anytime Fitness has opened a new location at Maple Village in Ann Arbor. The company leased 6,893 square feet of space at the retail center, which is located at the corner of Maple and Jackson roads. Richard Parnell of Hastings, Minn.-based Franchise Real Estate represented the tenant; Justine O’Brien provided in-house representation for Centro Properties Group, which owns the retail property.
BLAINE, MINN. — Ryan Companies Inc. has completed the construction of a 25,011-square-foot building for Rasmussen College in Blaine. The $4.8 million project was designed by Mankato, Minn.-based Paulsen Architects. Slated to open this summer, the building will be part of Blaine Preserve Park.
BOLINGBROOK, ILL. — Jet Lithocolor Inc. has leased 94,118 square feet at 605 Territorial Drive, a 182,400-square-foot warehouse/manufacturing building within Remington Lakes Corporate Center in Bolingbrook. The facility features 30-foot clear ceiling heights, an ESFR sprinkler system, full climate control, concrete floors, 28 docks with 130-foot minimum truck court depths and 49-foot by 40-foot bays. Jason West of Cushman & Wakefield of Illinois represented the tenant; Traci Buckingham and Grant Glattly of CB Richard Ellis represented the owner, BPG Properties Ltd., in the transaction. Terms of the lease were not disclosed.
KANSAS CITY, KAN. — Tritz Pallet has leased an industrial property in Kansas City for an undisclosed price. Located at 30 Funston, the property offers 74,660 square feet of space. Prime Investments is the owner. Paul Neal of Grindstone Industrial Properties brokered the transaction. Terms of the lease were not released.
SOUTH ELGIN, ILL. — An entity of a Northbrook, Ill.-based development company has purchased the 260,000-square-foot South Elgin Crossings shopping center from a national bank for $24 million. Located at the intersection of Randall Road and McDonald Road in South Elgin, the property houses Home Depot, Best Buy, PetsMart, Staples and Buffalo Wild Wings. Wells Fargo Bank financed the transaction. Chad Firsel of Quantum Real Estate Advisors represented the buyer in the transaction.
CHESTERFIELD, MO. — TA Associates – CA has sold the 300-unit Schoettler Village apartment complex to Maxus Properties for an undisclosed amount. The property is located at 15480 Elk Ridge Lane in Chesterfield. Sean Fogarty, Matthew Lawton and Marty O’Connell brokered the sale.
MICHIGAN — NAI Farbman’s Paul DeBono represented Amherst Partners in the sale of a retail property to Residential Rental-Harry for an undisclosed amount. The 58,443-square-foot building is located at 34150 Gratiot Ave. in Clinton Township, Mich. DeBono and the firm’s Ronald Goldstone represented Bank of America National Association’s sale of a 36,336-square-foot retail property to a private party. The development is located at 35300 Central City Parkway in Westland, Mich.
INDIANA — Three Indiana industrial properties operated by Meridian Automotive Systems totaling 790,000 square feet have been sold to a private party for an undisclosed price. The sale represents the liquidation of Meridian's significant property assets; the company initiated a Chapter 7 bankruptcy proceeding last August. The sale includes a 354,000-square-foot warehouse, located at 501 Northridge Drive in Shelbyville; a 233,000-square-foot property, located at 14123 Roth Road in Grabill; and a 203,000-square-foot building, located at 1890 Riverfork Drive in Huntington. Jim Fasone and Brian Dell of Summit Realty Group represented the buyer. BND Commercial's Karl Behrens and Signature Associates' Brad Viergever represented the owners of the Grabill and Huntington properties. Summit and Signature represented the owner of the Shelbyville property.
O’FALLON, MO. — BJC HealthCare has developed the 40,000-square-foot Tier III data center at its 48-acre Progress West HealthCare Center campus in O’Fallon. The property features an $8 million electrical design and installation project from PayneCrest Electric and Communications. The project features two independent ,12,470 kilovolt services offering a power supply of 25 million volt amps for each electrical system. PayneCrest also installed a building automation system designed by Johnson Controls, which routes all mechanical, electrical, fire alarm and security monitoring and control points to a central monitoring system. Clayco Construction Co. served as construction manager; Arcturis served as architect and civil engineer; CJL Engineering served as electrical and mechanical engineer and C&R Mechanical served as HVAC design assist.
ST. LOUIS — R, B & M LLC has purchased a 25,350-square-foot warehouse from a private party for an undisclosed price. The property is located at 1230 Pierce St. in St. Louis. National Electric Contracting Co. will move into the space from a smaller building, making the new property its headquarters. NAI DESCO's Floyd Sweeny represented the buyer.