STRONGSVILLE, OHIO — Euro Fresh Market has leased 15,336 square feet of retail space at Strongsville Towne Center in Strongsville. The grocer specializes in fresh fruits, vegetables, meats, cheeses, baked goods, pasta and prepared meals. Bobby Benjamin of Goodman Real Estate Services Group represented Euro Fresh Market in the transaction.
WARREN, MICH. — Yangfeng Visteon Jinqiao Automotive Trim has leased approximately 80,768 square feet of industrial space in Warren. Ashley Warren LLC leased the space, which is located at 14275 Frazho, for an undisclosed price. The tenant, an automotive interiors supplier, plans to use the space for warehousing parts. Gene Agnone, Matt Osiecki, Mark Collins and Jamie Dingeman of CB Richard Ellis Detroit represented the tenant in the transaction.
WICHITA, KAN. — Robert Ranieri and David Farrell of NorthMarq Capital have arranged a total of $35.11 million in first mortgage financings for a multifamily portfolio in Wichita. The six-property portfolio features a total of 1,277 units. The 10-year term loans range from $4.1 to $9.1 million and carry 30-year amortization schedules. The borrowers are Dermot Wichita East LLC and Dermot Wichita West LLC. Freddie Mac provided the loans.
CHICAGO — Northbrook, Ill.-based River West Plaza-Chicago has filed for Chapter 11 bankruptcy protection from creditors and a reorganization plan in U.S. Bankruptcy Court on behalf of its 95,000-square-foot Joffco Square retail center in Chicago. Located at 555 W. Roosevelt Road, Joffco Square is currently 83 percent occupied. The reorganization plans provides for the company’s trade creditors to be paid in full with interest and the terms of the company’s $26.15 million acquisition and construction loan, which matured in November, to be renegotiated with Bank of America N.A. Illinois-based Meltzer, Purtill & Stelle LLC is representing River West Plaza-Chicago in the bankruptcy petition.
CHICAGO — Glenn Housman of CB Richard Ellis’ Orlando office arranged a $35.5 million loan for the refinancing of The Buckingham, a 129-unit, 456-bed student-housing property located in the South Loop University District of downtown Chicago. The loan was arranged through Freddie Mac on behalf of The Buckingham LLC. Terms of the 7-year loan include a loan-to-value of 70 percent and a DSC of more than 1.50x.
SPEEDWAY, IND. — The Kroger location at Speedway Super Center, located at the intersection of Crawfordsville Road and Interstate 465 in Speedway, has reopened after a more than $9 million expansion and renovation project. The new 94,000-square-foot store is the largest Kroger location in metro Indianapolis. Bob Pionke provided in-house representation for the center’s owner, Centro Properties Group.
KANSAS CITY, KAN. — Sealy Mattress has signed a lease for 121,500 square feet of industrial space at 435 Riverpark in Kansas City. Premier Investments leased the property for an undisclosed price. Additional terms of the 10-year lease were not disclosed. Paul Neal of Grindstone Industrial Properties brokered the transaction.
NAPERVILLE, ILL. — Suit House has leased 25,650 square feet of retail space at Westridge Court, which is located on the corner of Route 59 and Aurora Avenue in Naperville. The recently opened store specializes in men’s apparel. John Graves of Oakbrook, Ill.-based SRS Real Estate Partners represented the tenant; Brad Ratajczak provided in-house representation for the owner, Centro Properties Group.
MADISON, WIS. — T. Wall Properties has completed the development of a three-story office building, which is located within American Center on the eastside of Madison. The estimated $5.2 million, 45,000-square-foot property will be named after Johnson Bank, which will occupy the first floor. Horizon Construction Group is expected to occupy the third floor of the building. The facility features a fitness center with shower rooms, underground parking and a boardroom for tenant use. Additionally, the building features green elements, including high-performance floor-to-ceiling windows, waterless urinals, dual-flush toilets, low-flow faucets and a computerized HVAC control system. Plunkett Raysich Architects designed the property.
WILMETTE, ILL. — Reed Construction has completed the construction of the first Beal Bank branch in Illinois. Located at 3232 Lake Ave. in Wilmette, the 1,400-square-foot facility features a granite wall and millwork, which was completed by Herner Geissler Woodworking. Nelson provided architectural services for the project. CB Richard Ellis represented the owners, Dallas-headquartered Beal Bank.