ST. LOUIS — David Garfinkel and Jeffrey Chaney of NorthMarq Capital’s St. Louis regional office arranged a $7.03 million loan for the Lofts of Lafayatte. Located in St. Louis, the apartment property offers 109 units. Financing was based on a 10-year term with a 30-year amortization schedule and was arranged through NorthMarq’s seller-servicer relationship with Freddie Mac. The borrower was not disclosed.
ROCKFORD, ILL. — Magni Funds, a division of Rockford-based LandMark Cos., has acquired 6000 East State Street in Rockford for an undisclosed price. The Class A building offers 78,000 square feet of office space. The property is fully leased to Chase Bank, Rasmussen College, Rockford Orthopedic and C.H. Robinson. Additional details of the transaction were not released.
CARBONDALE, ILL. — NorthMarq Capital has arranged $22 million in first mortgage financing for Aspen Court, a student-housing complex located in Carbondale. The newly constructed property provides 307 units for the students of the University of Southern Illinois. John Bendon and Jason Kinnison of NorthMarq’s Omaha, Neb., office secured the financing through the company’s seller-servicer relationship with Freddie Mac. The 10-year loan has a 30-year amortization rate. The borrower was not disclosed.
SOUTH BELOIT, ILL. — McCleary Inc. Trans Astro Division has acquired a 30,000-square-foot industrial property, located at 15760 Willowbrook Road in South Beloit. Highland Realty sold the property for an undisclosed price. Coldwell Banker Commercial McGuire Mears & Associates’ William Mears and Barry Badertscher represented the seller in the transaction.
OMAHA, NEB. — John Bendon and Jason Kinnison of NorthMarq Capital’s Omaha office has arranged a $3.22 million loan for Crown Park in Omaha. The multifamily property offers 56 apartment units. Financing was based on a 10-year term with a 30-year amortization schedule. NorthMarq arranged the financing through its seller-servicer relationship with Freddie Mac for the undisclosed borrower.
CHICAGO — Tryko Partners and ManagCare have partnered to purchase Lake Shore Healthcare & Rehabilitation Centre in Chicago. Located at 7200 N. Sheridan Road, the 313-bed, skilled-nursing facility sold for $22.25 million. The sellers were Chicago-based Lancaster Health Group. Ryan Saul and Michael Brundage of Glen Ellyn, Ill.-based Senior Living Investment Brokerage negotiated the transaction.
CHICAGO — Roll & Roll has purchased 2310 West 58th Street in Chicago’s Englewood neighborhood for $2.9 million. The 137,688-square-foot facility features 18- to 30-foot clear ceiling heights, 6,364 square feet of office space, five interior depressed docks, 12 cranes, four drive-in doors and heavy power capability. The buyer is a family owned metal fabricator company that specializes in stainless steel products for the meat and food industries in Chicagoland. Matt Rogatz of Chicago Industrial Real Estate represented the buyer; Michael Nelson and Mark Nelson of Paine/Wetzel • ONCOR International represented the seller, Great Western Steel Co., in the transaction.
WALTON HILLS, OHIO — MMERGY has acquired a warehouse facility, which is located at 7780 Northfield Road in Walton Hills. The buyer will utilize the 40,212-square-foot facility for warehousing and storage needs for Cleveland-based Arhaus furniture. Robert Wetzel of NAI Daus represented the undisclosed seller in the transaction; the buyer was self-represented.
NORTHFIELD, ILL. — Reed Construction is currently constructing a 21,000-square-foot office renovation at the Kraft Foods Global headquarters facility in Northfield. Located at Three Lakes Drive, the project includes the construction of partitions and a 3,000-square-foot café with curved maple cabinetry. OTA is providing architectural services for the project.
UNIVERSITY CITY, MO. — McCarthy/KWAME, a joint venture between Kwame Building Group and McCarthy, is currently constructing the $13 million Barbara C. Jordan Elementary School in University City. The two-story, 64,834-square-foot school will feature 24 classrooms, including specialized classrooms and specialty spaces. Bond-Wolfe provided architectural services for the project, which is scheduled for completion in February 2011.