OMAHA AND LINCOLN, NEB. — NorthMarq Capital has arranged two first mortgage loans totaling $17.62 million for two multifamily properties in Nebraska. Located in Omaha, the 204-unit Enclave Apartments complex received a $9.945 million loan. The 182-unit Highpointe Apartments, which is located in Lincoln, was financed for $7.675 million. John Bendon of NorthMarq Capital’s Omaha office arranged the loans, which carry a 10-year term and a 30-year amortization schedule, through the company’s seller-servicer relationship with Freddie Mac.
OMAHA, NEB. — Locally owned Jasper Stone Partners has acquired Empire Spectrum, a flex/industrial property located at 111th and Q streets in Omaha. The three-building property sold for $8.1 million. Situated on 9.91 acres, the property offers 145,257 square feet of space. Ember Grummons of Investors Realty represented the buyer; the sellers were locally owned Empire Spectrum LP and 5104 LLC.
INDIANAPOLIS — A local private investor has purchased Christian Place Apartments, a historic apartment community located at the intersection of Ninth and Alabama streets in downtown Indianapolis. The 29-unit property is comprised of three converted Victorian homes and one row house building. Tikijian Associates represented the seller, Historic Landmarks Foundation of Indiana, which has since been renamed Indiana Landmarks, in the transaction. The acquisition price was not disclosed.
MENOMONEE FALLS, WIS. — M&M Quality Solutions, a third-party containment organization, has leased 85,000 square feet of industrial space at Menomonee Falls Industrial Park in Menomonee Falls. Located at N90W14700 Commerce Drive, the 100,000-square-foot building is owned by SBM of Wisconsin. Terms of the lease were not released. Kevin Barry and Kurt Van Dyke of Cassidy Turley Barry represented the landlord; Brian Parrish of The Dickman Company represented the tenant in the transaction.
GREENFIELD, IND. — Welch & Wilson Properties, a third-party logistics company, has leased a 115,557-square-foot office/warehouse facility in Greenfield. The company will use the facility, which is located at 315 W. New Road, as a new operations base. Mark Writt and Tom Cooler of CB Richard Ellis’ Indianapolis office represented the landlord, California State Teachers’ Retirement System, in the transaction. Additional terms of the lease were not disclosed.
JACKSONVILLE, ILL. — Northbrook, Ill.-based The Boulder Group has brokered the sale of a single-tenant office building in Jacksonville. New York-based SNC Realty purchased the 61,400-square-foot property for $6.2 million. The building is fully occupied by Blue Cross and Blue Shield. Randy Blankstein of The Boulder Group represented the seller, a private Chicago investor. The buyer was self-represented.
COLUMBUS AND CINCINNATI, OHIO — Viking Partners has acquired two non-performing notes with a total face value of $8.6 million for two retail centers in Ohio. The company purchased the $4.5 million note for Galloway Crossing, a 28,000-square-foot center in Columbus, and the $4.1 million note for Deerfield South, a 20,000-square-foot property in Cincinnati. Viking is currently seeking non-performing and maturity default loans with a transaction range of $1 to $25 million in the Midwest and Southeast.
CLIO, MICH. — PNC Bank National Association has sold a 12,000-square-foot industrial space to Webster & Garner, a distributor of commercial fuel, propane and petroleum products. Located at 900 Tacoma Court in Clio, the property sold for an undisclosed price. Paul Feldman of Friedman Real Estate Group represented the seller in the transaction.
CHICAGO — Roosevelt University has broken ground for its new 32-story tower at 425 S. Wabash Ave. in Chicago’s South Loop. Designed by Chicago-based VOA Architects, the tower will be the second tallest educational facility in the country. The facility will feature classrooms, lecture halls, state-of-the-art science labs, conference rooms, a dining center, a student recreation center, residences for more than 600 students, offices and space for the Walter E. Heller College of Business Administration. Seeking LEED certification, the project will feature a green roof, recycled and sustainable building materials, energy and water efficiencies and attention to indoor environmental quality. The $118 million project is being managed by the John Buck Company and constructed by Power Construction.
TOMAH, WIS. — Ryan Companies US recently broke ground for the construction of a 354,192-square-foot distribution center in Tomah for The Toro Company. Scheduled for completion this fall, the facility will serve as the distribution hub for the company’s commercial turf products. Construction is slated to begin in September, with plans for Toro to transition operations to the new facility in early October. Ryan is providing an integrated development, architecture, engineering, construction and capital markets solution for the project.