CASTLETON PARK, IND. — Colorado-based Aurora Bank has relocated its Indianapolis call center to 33,000 square feet of space at 5920 Castleway W. Dr. in Castleton Park. The bank previously occupied 25,000 square feet at Heritage Park II in Indianapolis. Jones Lang LaSalle’s Dan O’Neil, John Robinson and Julie Kilpatrick provided occupancy planning, tenant representation and construction management services for the bank. Dave Moore of Colliers Turley Martin Tucker represented the ownership, BREOF Castleton Park LLC, in the transaction. Additional terms of the lease were not released.
CHICAGO — Marco Consulting Group has signed a lease renewal and expansion for 24,641 square feet of office space on the ninth floor of 550 West Washington Street in Chicago’s West Loop. The firm is expanding from its original 19,761 square feet to a contiguous 4,800-square-foot space for a total of 24,641 square feet. Lisa Davidson and Richard Schuham of Studley represented the tenant; Gary Denenberg of MB Real Estate represented the landlord, Beacon Capital Partners, in the transaction. Terms of the lease were not disclosed.
TINLEY PARK, ILL. — Alpha Med Physician Enterprises has broken ground for the construction of Alpha Med Center, a 40,000-square-foot medical office facility located at 17333 S. LaGrange Rd. in Tinley Park. The center will house on-site diagnostic and therapeutic facilities, as well as physician offices. Alpha Med Physician Group, which offers medical oncology, gastroenterology and radiation oncology services, will anchor the center. Alpha Med Physician Enterprises is planning to add 10,000 square feet of office space to the project for additional physician practices. Irgens Health Care Facilities is overseeing the development, design and construction of the prairie-style medical complex, which is slated for completion in November 2010. PDC Midwest is providing design/build services for the project. Citibank provided construction and permanent financing.
MONEE, ILL. — Principle Construction Corp. has completed a 178,250-square-foot tenant build-out project for Jacobson Cos., a national third-party logistics company. Located at 25810 S. Ridgeland Ave. within Bailly Ridge Corporate Center in Monee, the build-out included 3,750 square feet of office space, including private offices, a shipping/receiving office, a lunch room, locker rooms, a conference room and general office space; and 172,500 square feet of warehouse space, including the replacement of metal halide lighting with energy efficient fluorescent T5 lighting, fire alarm and fire sprinkler modifications, installation of a battery charging area and construction of a full-height tenant demising wall. Additionally, Principle constructed 21 new tractor-trailer parking spaces and perimeter security fencing. Harris Architects provided architectural services for the project. Bailly Ridge Corporate Center is being developed by LFI Industrial.
WAUKESHA, WIS. — Giuffre XXII has acquired the former Don Jacobs Subaru car dealership, which is located at W226 S1700 Highway 164 in Waukesha, for $2.3 million. The 6.5-acre property features two buildings totaling approximately 45,000 square feet. The buyer plans to re-tenant the existing buildings for automotive use. Dave Hartig and Tom Treder of Commercial Property Associates represented the buyer and the seller, Donald and Jeanne Jacobs, in the transaction.
CHICAGO — Essex Realty Group has brokered the sale of a five-building multifamily portfolio in the South Shore neighborhood of Chicago for approximately $3.25 million. The 153-unit portfolio includes 7800 South Essex, 7801 South Essex, 7800 South Kingston, 7801 South Kingston and 7545 South Yates. David Goss and Jon Morgan of Essex Realty brokered the transaction. The buyer and seller were not disclosed.
CHANHASSEN AND ROSEVILLE, MINN. — The Minneapolis office of Charlotte, N.C.-based Grandbridge Real Estate Capital has closed two loans totaling $7.66 million for properties in Minnesota. A life insurance company provided a $5 million loan for the refinancing of an industrial building in Chanhassen, and a local bank provided a $2.66 million loan for a retail property in Roseville. Both loans carry fixed-interest rates and longer amortizations schedules to increase each borrower’s cash flow. Grandbridge’s Dave Rasmussen, Karen Dubrosky and Tony Carlson originated and closed the transactions.
ST. LOUIS — IMPACT Group has renewed and expanded its least at Chapel Hill II, which is located at 12977 N. Outer Forty Dr. in St. Louis. The company now occupies 15,642 square feet of the three-story, 55,800-square-foot office building. The location serves as the company’s corporate headquarters. Lynn Schenck and David Steinbach of Jones Lang LaSalle represented IMPACT; Sharon Botkin provided in-house representation for the owner, Scott Properties, in the transaction. Terms of the lease were not disclosed.
AUBURN HILLS, MICH. — SSI Investments has purchased 49,050 square feet of industrial space at 1972 Brown in Auburn Hills. LDV Properties sold the property for an undisclosed price. John Boyd of Signature Associates represented the buyer in the transaction.
LENEXA, KAN. — Tri-State Distribution has leased 18,219 square feet of industrial space at 8430 Flint in Lenexa for an undisclosed price. Douglas Hedrick of Grubb & Ellis|The Winbury Group represented the tenant; Phillip Algrim and Eric Lund of NAI Capital Realty represented the landlord, RREEF American REIT, in the transaction.