HAZELWOOD, MO. — St. Louis-based Luxco, a producer, bottler, importer and marketer of beverage alcohol products, has inked a deal to lease space at Park 370, a 450-acre industrial park located in Hazelwood. The company will occupy 213,558 square feet of distribution space at 1619 Park 370 Blvd. Luxco plans to relocate a portion of its warehousing operations to the new facility from its main production facility, which is located at 5050 Kemper Ave. in southwest St. Louis. The company is expected to take occupancy in July. Chicago-based HSA Commercial Real Estate developed 1619 Park 370 Boulevard and a 340,000-square-foot distribution center on an adjacent lot following its acquisition of a 30-acre vacant site from TRiSTAR Properties in 2001.
ROMULUS, MICH. — Arbor Commercial Funding, a wholly owned subsidiary of Arbor Commercial Mortgage, has funded a $1 million loan for Birch Run Cooperative in Romulus. The affordable multifamily property offers 111 units. The 30-year loan has a 30-year amortization schedule and carries a note rate of 7.41 percent. Michael Jehle of Arbor’s Bloomfield Hills, Mich., office originated the loan, which was funded through the Fannie Mae DUS Multifamily Affordable Housing Coop product line.
KANSAS CITY, MO. — Westchester, Ill.-based Tri-Land Properties has started the redevelopment of Brywood Centre, an 183,464-square-foot retail center along 63rd Street in Kansas City. A recently renovated Price Chopper anchors the center. Additionally, Dollar Tree has signed a 10-year deal to occupy 12,000 square feet of space. The renovation project includes a new building façade, exterior parking lot upgrades, and the construction of six outlot pads. Completion of the project’s first phase is slated for spring 2011. The redevelopment project is partially funded by Tax Increment Financing and a Community Investment District totally $10 million.
TROY, MICH. — Joe DePonio of L. Mason Capitani/CORFAC International represented M.A.K.S. Inc. in the purchase of 17,514 square feet of industrial space at 1150 Rankin in Troy. The buyer is expanding to the new space to accommodate its new medical division. The seller and terms of the sale were not released.
EUREKA, MO. — Stamford, Conn.-based Cenevo Inc. has leased 220,000 square feet of industrial space at the former Visteon facility at 101 Workman Court in Eureka. Cenevo’s 10-year lease begins this fall. Bob Staniforth of CB Richard Ellis brokered the transaction. Staniforth is the exclusive leasing agent for the property. Terms of the lease were not disclosed.
MADISON HEIGHTS, MICH. — Investments Real Estate LLC has completed the disposition of a 43,000-square-foot industrial facility in Madison Heights. Located at 29330-29350 Stephenson Highway, the property is the last of the industrial holdings owned by the seller. Michael Grammatico and Garry Rogers of L. Mason Capitani/CORFAC International represented the seller in the transaction. The buyer and acquisition price were not released.
MONROE, OHIO — Appleton Papers has signed 219,648 square feet at Monroe Logistics Center Building A, which is located at 1025 Logistics Way in Monroe. The carbonless, thermal and security paper manufacturer plans to occupy the industrial property in October. The building features skylights, 36-foot clear ceiling heights, 60-foot bays, employee and trailer parking, and ESFR sprinklers. Si Pitstick of Cincinnati Commercial Realtors represented the tenant; Doug Armbruster provided in-house representation for the ownership, IDI. Terms of the lease were not released.
OLATHE, KAN. — McShane Construction Co. has recently completed the construction of a 13,255-square-foot CVS/pharmacy retail store in Olathe. Construction of the property began in September 2009 and the location celebrated its grand opening in June. The property features retail space, a L-shaped walk-in cooler and a fully operational pharmacy with a customer drive-thru lane. Cedarwood Architectural Inc. provided architectural services for the project, which was developed by CDI Development.
MOUNT PLEASANT, WIS. — Racine, Wis.-based Treasures Media Inc. has acquired a 209,166-square-foot manufacturing facility, which is located at 2745 Chicory Road in Mount Pleasant, for an undisclosed price. The wholesale book distributor plans to use the facility to accommodate its expansion. Gerry Norton of Binswanger’s Minneapolis office represented the seller, Paoli, Pa.-based Ametek Inc., in the transaction.
NEW BERLIN, WIS. — 1535 LLC has purchased 16333 West Rodgers Drive in New Berlin. The property offers 56,884 square feet of industrial space. James L. Coffey sold the property for an undisclosed price. Kevin Barry of Cassidy Turley Barry represented the buyer; Samuel M. Dickman Jr. and Samuel D. Dickman of The Dickman Company Inc./CORFAC International represented the seller in the transaction.