Midwest

OMAHA, NEB. — Goodwill Industries has purchased a 70,000-square-foot retail property from a private party for an undisclosed amount. The building, which contains offices and a 25,000-square-foot retail area, is located in Benson Park Plaza at 4805 N. 72nd St. in Omaha. Goodwill has enlisted Kiewit and RDG to help with renovations, which will be constructed to LEED standards. When renovations are complete, the building will house an Internet café, multi-use training rooms and a computer lab in addition to the office and retail space. R.J. Neary and Ryan Zabrowski of Investors Realty represented the buyer.

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TROY, MICH. — Lama LLC has purchased 7,600 square feet of light industrial space in Troy. Located at 384 Park, the property sold for an undisclosed price. The space is occupied by New Royal Distributors, an importer of Indian and Southeastern Asian foods. Larry Schultz of Friedman Real Estate Group represented the seller, Taurus LTD, in the transaction.

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SOUTHFIELD, MICH. — R.L. Polk & Co. is relocating its headquarters to more than 138,000 square feet of office space at Travelers Tower II in Southfield. The company will occupy floors nine through 13 at the building, which is located at 26533 Evergreen Road. Polk is currently located at First Center Building in Southfield. The new property is owned by Lehman Brothers Holdings Inc., which is being overseen by Alvarez & Marsal. Signature Associates represented Polk in the transaction. Terms of the lease were not disclosed.

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ST. CHARLES, ILL. — Shars Tool Co. has purchased a 23,000-square-foot industrial facility at 840 Equity Drive within Legacy Business Center in St. Charles. The property was developed and built by Paul Hemmer Cos. The facility features 24-foot clear ceiling heights, two exterior docks, one grade-level door and 2,378 square feet of office space. The buyer plans to use the facility for the distribution and warehousing of wholesale industrial equipment and tools. Noel Liston and Cory Ramey of Darwin Realty & Development Corp. represented the buyer; Brian Kling of Colliers, Bennett & Kahnweiler represented the property. The acquisition price was not disclosed.

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MINNEAPOLIS — Minneapolis-based NorthMarq’s Advisory Services Group has completed a lease in Minneapolis. W.I.S.E. Charter School has signed a lease for Franklin School, a 125,794-square-foot facility located at 1501 Aldrich Ave. in Minneapolis. NorthMarq’s Paul Donovan, Kevin Peck and Jaclyn May represented the landlord, Minneapolis Public Schools, in the transaction. Details of the lease were not released.

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AURORA, ILL. — Phillips Edison & Co.’s Fund IV has acquired Prairie Point, a 93,000-square-foot shopping center located in Aurora. The purchase price of the all-cash transaction was not disclosed. Located at the corner of Eola Road and East New York Street, the property is anchored by Dominick’s Finer Foods, a Chicago-based supermarket chain that is part of Safeway Inc. Prairie Point is the company’s first acquisition in the Greater Chicago area and the seventh property in the $300 million Phillips Edison Opportunity Fund IV portfolio. Additional terms of the transaction were not released.

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