BOLINGBROOK, ILL. — Kyle Mayberry of Zifkin Realty Group represented Binny's Beverage Depot in the lease of 21,356 square feet of space at The Promenade Bolingbrook in Bolingbrook. The new location at Boughton and Janes avenues is the 26h store location in the Chicago area. Nathan Tonnies of Metro Commercial represented the undisclosed landlord. Terms of the lease were not released.
Midwest
DECORAH, IOWA — Luther College has selected Opus Design Build to renovate two residence halls, Miller Hall and Dieseth Hall, on its Decorah campus. Design preparations for the $7.5 million project are under way. Renovation on Miller Hall is scheduled to begin in May and conclude in late August, while renovations on Dieseth Hall will begin summer 2012 with completion in fall 2012. The two eight-story, 368-bed residence halls will receive mechanical upgrades, new furniture and finishing details in the student rooms, the addition of four-person suites on each floor, upgrades to kitchenettes and laundry rooms, renovations to study rooms and social lounges, the addition of sound-proof music practice rooms, and new shower rooms with water-saving fixtures. Opus Design-Build is serving as the design-builder on the project. Performa Higher Education completed the schematic design for the renovation, while Opus AE Group will complete the working drawings and is the architect of records.
ANDERSON, IND. — Marcus & Millichap has completed the sale of Giant Oaks Apartments, located at 1312 W. Eighth St. in Anderson. Built in 1968, the 72-unit property, which offers one- and two-bedroom units, was 90 percent occupied at the time of closing. A undisclosed out-of-state investor sold the property for $2.01 million. Colin Atkinson of Marcus & Millichap represented the seller and the buyer, a non-profit company, in the transaction.
STERLING HEIGHTS, MICH. — Magna Powertrain of America has signed a lease for a 51,000-square-foot industrial building in Sterling Heights. The property is located at 6451 Fifteen Mile Road. Jason Capitani of L. Mason Capitani represented the undisclosed landlord. Terms of the lease were not released.
HARRISON TOWNSHIP, MICH. — Yangfeng USA Automotive Trim Systems has purchased three industrial buildings in Harrison Township. The 220,000-square-foot complex is located on Executive Drive. This location is the China-based company's first location in America. Jason Capitani and Tom Jablonski of L. Mason Capitani represented the undisclosed seller and coordinated the sale transaction for both parties. The acquisition price was not released.
CHICAGO — Chicago-based Newcastle Limited has purchased 670 West Diversey, which is located on the border of Chicago's Lincoln Park and Lakeview neighborhoods. The 10,700-square-foot retail property sold for $6.1 million. The single-story property is fully occupied by Firkin & Pheasant, Akira and The Counter. Newcastle purchased the property on behalf of its $500 million Chicago real estate investment platform.
MT. VERNON, OHIO — Brett Morgan Holdings LLC has acquired a 206,000-square-foot industrial building in Mt. Vernon. Located at 8405 Blackjack Road, the property will be leased to PACS Industries. James Klements of Weber Wood Medinger/CORFAC International and Mike Hurd of Cassidy Turley represented the seller, TRW Automotive, in the transaction. Terms of the sale were not released.
WHITLEY COUNTY, IND. — Iotron Industries is currently developing a $15 million contract sterilization and materials modification facility in Whitley County. The Canada-based company's 54,000-square-foot facility is expected to open late this year. The company's e-beam facilities current provide contract sterilization services to the medical industry, pest and microbial reduction for agribusiness, and materials modification in the production of orthopedic, building and technology products.
ROSCOE, ILL. — American Aluminum Extrusion (AAE) plans to open a 276,000-square-foot manufacturing facility in Roscoe. The company will take occupancy of the former Warner Electric plant, which is located at 5253 McCurry Road. AAE plans to invest $7.5 million into the facility and create 130 new jobs in the area by 2013. The company will take occupancy by the end of the year.
ELGIN, ILL. — May Center Advisors represented the undisclosed seller in the disposition of a retail center in Elgin. The 16,425-square-foot property, which is 40-percent vacant, is occupied by Noodles & Company, Sign-A-Rama, Nova Care and Silver Lake Restaurant. Matt DeDobbelaere of May Center Advisors represented the seller; Dave LeCavalier of Forefront Properties represented the private buyer in the transaction. Terms of the sale were not disclosed.