NEW LENOX, ILL. — Woodbridge, Ill.-based Morgan/Harbour Construction will undertake an 11,868-square-foot build-out in the Silver Cross Medical Office Building for the Hinsdale Orthopedic Group. The project, located at 1870 Silver Cross Blvd. in New Lenox, includes building interior suites on the building’s first two floors. In addition to building out X-ray, physical therapy and treatment rooms, Morgan/Harbour also is in charge of expanding nursing stations, a waiting area and a laboratory. Chicago-based Design Organization is serving as the project’s architect.
KANSAS CITY, MO. — Kansas City-based Grindstone Industrial Properties has arranged the lease of 121,500 square feet of industrial space at 4700 Deramus Ave. in Kansas City. Paul Neal of Grindstone represented the landlord, Prime Investments. The tenant is Watts Water Technologies. Terms of the lease were not disclosed.
WOODRIDGE, ILL. — Lizzadro Properties has completed a $1.4 million tenant build-out in Woodridge. The property is a flex building located at 10435 Argonne Woods Dr. The tenant, Traffic Control Corp. (TCC), will operate its corporate office, product assembly and warehouse/distribution operations out of the location for a 10-year term. Improvements to the building included a high-tech training room, a climate controlled assembly area, energy-efficient lighting with occupancy sensor controls, and a video surveillance system. The property was purchased in 2008 by a private investment group with the intention of leasing it to TCC. Louis Lizzadro of Lizzadro Real Estate LLC arranged the property purchase and subsequent lease. He also served as project manager during the tenant build-out and will serve as property manager for the completed building.
GLENDALE, WIS. — Milwaukee-based Siegel-Gallagher has brokered the lease of 11,300 square feet of flex space at Glendale Corporate Center, located at 1720 W. Florist Ave. in Glendale. The property will be occupied by Fresh Start Counseling Center. The landlord is H&S Properties. The transaction was negotiated by John Dulmes, Daniel Walsh and Nikki Hawley, all of Siegel-Gallagher. Terms of the lease were not disclosed.
SAUK VILLAGE, ILL. — DP Partners has leased additional space to Appleton, Wis.-based Warehouse Specialists Inc. (WSI) at LogistiCenter at Sauk Village, the developer’s speculative industrial park located in Sauk Village. WSI’s expansion consists of 156,130 square feet within the Building A, a 496,260-square-foot, rail-served distribution center situated on 26.5 acres at 21751 Rasmussen Dr. Gerald Sullivan of Chicago-based Paine/Wetzel • ONCOR International represented the tenant in lease negotiations. George Cibula, Chris Gary and Ryan Hanley of Darwin Realty & Development represented DP Partners. WSI first took occupancy at LogistiCenter in 2005. It already occupies 516,072 square feet within Building C, a 776,615-square-foot facility and the park’s first spec building to be completed.
FLORENCE AND ERLANGER, KY. — Strategic Storage Trust (SST) has purchased two self-storage properties, located in the Cincinnati suburbs of Florence and Erlanger, for $9.7 million. The two properties go by the Security Self Storage name; they total 1,500 units and 190,000 rentable square feet. The seller was not disclosed. In February, SST purchased three self-storage properties, also located in the Cincinnati/North Kentucky area, for $9.9 million.
FAIRVIEW HEIGHTS, ILL. — Swansea, Ill.-based Holland Construction Services has completed the tenant build-out for a new Ulta beauty supply store. The more than 10,000-square-foot store is located at 6621 N. Illinois St. in Fairview Heights, and it features a salon and a spa.
EAU CLAIRE, WIS. — CB Richard Ellis (CBRE) Capital Markets has arranged a $3.67 million loan for the refinancing of a 220,743-square-foot retail center located in Eau Claire. Occupancy at the center was 98 percent at the time of closing. Baxter Fain and Heather Teverbaugh of CBRE’s Denver office arranged the non-recourse loan, which includes a 10-year term, with a 6.29 percent fixed interest rate and no reserves required. The borrower was a private ownership group and the lender was a correspondent life insurance company.
CINCINNATI — Kiesland, a Cincinnati-based full-service construction firm, has launched the development of an approximately $6 million office condominium development in Deerfield Township, a suburb northeast of downtown Cincinnati. The Venture Corporate Center, which will be located Duke Boulevard within the Governor’s Point North business park, will feature two 15,000-square-foot buildings fronting the site as well as two additional 12,500-square-foot buildings, each offering office/flex condos divisible to 3,000 square feet. The Class A complex is being built to achieve LEED Silver certification. Future plans call for a 60,000-square-foot build-to-suit facility to be built adjacent to Venture Corporate Center for S+S Fasteners Inc. Kiesland plans to relocate from its current location on Route 42 to the property upon completion.
AURORA, ILL. — Michael Sieman of NorthMarq’s Chicago office has arranged $17.1 million in construction-to-permanent-first-mortgage financing for an 81,000-square-foot medical office building located in Aurora. The non-recourse financing was secured at 80 percent loan-to-value, with a 10-year term and 30-year amortization schedule. The 70 percent pre-leased building is situated on an existing medical campus, and Rush-Copley Hospital has signed on to occupy 40 percent of the new facility.