CHICAGO — The Chicago office of Opus Development Corp. has named David Everson to the position of general manager. In this position, Everson will be responsible for pursuing commercial real estate development and investment opportunities and for leading development operations. Additionally, he will continue his role as vice president of sales and finance for the company. As vice president, Everson is responsible for securing the construction financing and eventual sale of various build-to-suit and speculative development projects throughout Chicago, Milwaukee, Indianapolis and Columbus, Ohio. Since joining the company in 1999, Everson has managed or assisted in the financing or sale of more than $1 billion in commercial real estate. Prior to joining Opus, he served for First Industrial Realty Trust and Marvin F. Poer & Co.
Midwest
KANSAS CITY, MO. — NorthMarq Capital has arranged a $3.25 million loan for Citadel Apartments in Kansas City. Located at 1702 Bushman Dr., the property offers 164 apartment units. The 10-year Freddie Mac loan features a 30-year amortization schedule. Greg Duvall of NorthMarq's Kansas City regional office originated the transaction. Additional terms of the loan were not released.
MILWAUKEE — Panda Express has signed a lease to open its first free-standing restaurant location in Milwaukee. Located at 1210 Miller Park Way, the 3,035-square-foot restaurant is expected to open in December. John Kardelis of CB Richard Ellis' Milwaukee office represented the tenant. Terms of the lease were not released.
SYLVANIA, OHIO — Athena Career Academy has leased 8,004 square feet of space at Starlite Plaza, which is located on Monroe Street in Sylvania. The academy is a career education school that focuses on nursing. John Healey and Mike Scannell of Toledo, Ohio-based Park West Realty represented Athena; Robert Saggese provided in-house representation for the landlord, Centro Properties Group. Terms of the lease not disclosed.
RIVERWOODS, ILL. — Podolsky Northstar CORFAC International has brokered the disposition of Southpoint I, a 100,415-square-foot industrial property located in Tinley Crossings Corporate Center in Riverwoods. KVH Industries acquired the property, which is located at 8400 W. 185th St., from Jefferson Pilot Investments, a subsidiary of Lincoln Financial Group. Built in 1998, the property features 28-foot clear ceilings, 17 exterior docks, two drive-in-doors, an ESFR sprinklers and parking for 112 cars. Adam Tarantur and Randy Podolsky of Podolsky Northstar represented Jefferson Pilot; Larry Johnson of CB Richard Ellis represented KVH in the transaction. Dan Minor of Vorys, Sater Seymour & Pease LLP provided legal services for the seller, while Jay Gitles of Seyfarth Shaw provided legal services for the buyer.
CHICAGO — ProLogis has signed a third-quarter lease agreement for approximately 105,000 square feet of industrial space in Chicago. A third-party logistics company will occupy the space at ProLogis Park O'Hare Building One, a 258,000-square-foot distribution facility in Chicago. Terms of the lease were not released.
INDIANAPOLIS — BPG Properties Ltd. has completed the disposition of 8480-8520 Keystone Crossings, a three-building office and retail property in Indianapolis. PWA Keystone Crossing LP, an affiliate of PWA Real Estate, acquired the 117,276-square-foot property sold for $15.5 million. Rebecca Wells of Cassidy Turley's Indianapolis office represented the seller, BPG, in the transaction.
BROADVIEW, ILL. — Jallo Equipment Co. has acquired a 9,080-square-foot industrial building in Broadview. Located at 3029 S. 26th Ave., the property features 18-foot ceiling clearance, 1,795 square feet of office space and two grade-level doors. Jallo Equipment plans to relocate to the facility. Daniel Fanelli of Darwin Realty & Development Corp. represented the buyer; Dan Chopp of Chopp Commercial Properties represented the undisclosed seller. Terms of the sale were not disclosed.
CHICAGO — The Boulder Group has completed the sale of a CVS/pharmacy ground lease, which is located at 6355 W. Belmont Ave. in Chicago. A New York-based institutional real estate company acquired the single-tenant, net-leased property for $3.6 million. The property is 100 percent leased to CVS/pharmacy on a long-term lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago-based private developer, in the transaction.
WEST BLOOMFIELD TOWNSHIP, MICH. — Southfield, Mich.-based Bernard Financial Group has arranged a $1.9 million loan for the West Bloomfield Tech Center, which is located in West Bloomfield Township. Built in 1988, the three-building property offers 81,184 square feet of single-story flex industrial/office space. Kevin Kovachevich of Bernard Financial Group originated the loan.