Midwest

NEW $168 MILLION ARENA RECEIVES GREEN LIGHT

by admin June 10, 2010

LINCOLN, NEB. — The City of Lincoln has signed off on Haymarket Arena, a $168 million arena that will replace Pershing Center in Lincoln. Situated within the $344 million West Haymarket Development revitalization project, the 16,000-seat arena will be home to the University of Nebraska men’s and women’s basketball programs. Designed by DLR Group, Bahr Vermeer Haecker Architects and Clark Enersen Partners, the facility will feature 32 suites and club and loge seating. The arena is expected to open in 2013.

June 10, 2010

40,742-SQUARE-FOOT BUILD-OUT PROJECT COMPLETED IN WISCONSIN

by admin June 10, 2010

MT. PLEASANT, WIS. — Principle Construction Corp. has completed a 40,742-square-foot build-out project for Menomonee Falls, Wis.-based Maysteel, a manufacturer of precision metal enclosures, assemblies and systems. Located at Park 94 Building #2 in Mt. Pleasant, the project included the installation of a 1,600-amp service, T5 lighting and a 2,000-square-foot office space. Maysteel plans to use the facility as a warehouse, manufacturing and assembly plant. HSA Commercial Real Estate owns the property, which was constructed in 2008. Cornerstone Architects provided architectural services for the build-out project.

June 10, 2010

Midwest Office

145,030-SQUARE-FOOT OFFICE LEASE RENEWED IN DETROIT

by admin June 9, 2010

DETROIT — The Charter County of Wayne, Ill., recently renewed its lease at the Penobscot Building, which is located at 645 Griswold in Detroit. The county leases 145,030 square feet at the property, which is owned by FFMC, receiver of Penobscot. Steve Eisenshtadt of Friedman Real Estate Group represented the landlord in the transaction. Penobscot is managed by Finsilver/Friedman Management Corp., a Friedman company.

June 9, 2010

Industrial Midwest

463,636-SQUARE-FOOT WAREHOUSE FACILITY RECEIVES LEED GOLD IN ILLINOIS

by admin June 9, 2010

AURORA, ILL. — Liberty Property Trust's Liberty Business Center Aurora #4 building has received LEED Gold certification. Located at 900 Bilter Road in Aurora, the 436,363-square-foot warehouse property features T-5 high output lighting, low VOC adhesives, sealants, paints and coatings, and composite wood products. The construction process recycled 95 percent of construction debris and 15 percent of the materials used in the building's construction contained recycled content.

June 9, 2010

Midwest Retail

9,088-SQUARE-FOOT RETAIL PROPERTY SELLS IN EAST DUNDEE, ILL.

by admin June 9, 2010

EAST DUNDEE, ILL. — Laundry King has purchased a 9,088-square-foot retail building, which is located at 610 S. Dundee Ave. in East Dundee. The buyer plans to convert the property into a laundry mat. Trend Carpet and Tile sold the facility for an undisclosed price. Paul Montes and Eric Spiess of Inland Real Estate Brokerage represented the seller in the transaction.

June 9, 2010

Midwest Office

511,167-SQUARE-FOOT BUILD-TO-SUIT OFFICE/DISTRIBUTION CENTER PLANNED

by admin June 8, 2010

GLENWILLOW, OHIO — Superior Beverage Group has signed a build-to-suit deal for a 511,167-square-foot headquarters office and distribution facility in Glenwillow. The center will be located within Diamond Business Park, a 212-acre, rail-served industrial park. Superior, a of Miller and Coors products in Northeast Ohio, is relocating its headquarters to the new facility from Youngstown. Geis Construction is the design/build general contractor for the project, which is being developed by Hemingway Development.

June 8, 2010

Midwest Office

55,826 SQUARE FEET SELLS IN WISCONSIN

by admin June 8, 2010

LOMIRA, WIS. — Badger Lomira LLC has purchased 55,826 square feet of space for an undisclosed price. The property is located at 990 Richard St. in Lomira. Curt Pitzen and Jon Packee of NAI MLG Commercial represented the seller, R.E. Phelon Co., in the transaction.

June 8, 2010

Midwest Office

BROOKFIELD, WIS., OFFICE BUILDING TRADES HANDS FOR $1.63 MILLION

by admin June 8, 2010

BROOKFIELD, WIS. — 3MG Future Investments has acquired a 33,145-square-foot office building, which is located at 165 Bishops Way in Brookfield. The property sold for $1.63 million. The seller was not disclosed. Joe Lak and Mike Wanezek of Inland Cos. brokered the transaction.

June 8, 2010

Midwest Multifamily

26-STORY FLAIR TOWER OPENS

by admin June 7, 2010

CHICAGO — Located at 222 W. Erie St. in Chicago's River North District, the 26-story Flair Tower recently celebrated its grand opening. Developed by a joint venture between McCaffery Interests, RREEF and The Taxman Corporation, the high-rise building features 198 luxury apartments and 9,500 square feet of retail space. The property offers a landscaped pool deck with an outdoor fireplace, a dog run, a Jacuzzi, a Club Room, a Billiards Room, a lobby with a fireplace and a 24-hour concierge service. The residential portion features a range of floorplans, including convertibles and three-bedroom penthouses. Apartment units feature granite kitchens, stainless steel appliances, private balconies, floor-to-ceiling windows and customizable accent wall colors. Designed by Antunovich Associates and constructed by W.E. O'Neil Construction Co., the tower is poised to be the first LEED-certified building the River North submarket. Green elements include locally produced and recycled building materials, water-efficient plumbing fixtures, low VOC-emitting paints and sealants, and landscaped roof terraces. McCaffery will serve as a third-party management company for the property.

June 7, 2010

Midwest Office

KRUSINSKI UNDER WAY ON TWO TENANT IMPROVEMENT PROJECTS IN ILLINOIS

by admin June 7, 2010

SCHILLER PARK AND BURR RIDGE, ILL. — Krusinski Construction Co. is building out a 13,000-square-foot space for the Government Services Administration (GSA), which is a tenant at 5100 N. River Road in Schiller Park. Additionally, Krusinski recently completed a 37,000-square-foot build-out project for GSA in the same building, which is owned by RREEF. Reitan Architects provided architectural services for both projects. In Burr Ridge, the company is fast-tracking an interior renovation project for Quinlan & Fabish Music Co. The project includes a 5,000-square-foot office expansion to the existing 54,000-square-foot building. The new space will include an instrument repair space with speciality work stations and an ultrasonic room. Ware Malcomb is providing architectural services for the project.

June 7, 2010

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