MINNEAPOLIS AND INDIANAPOLIS — Colliers Turley Martin Tucker (CTMT) has arranged the sale of two flex properties. In the first transaction, the firm’s Twin Cities office brokered the $5.1 million sale of Phillips Eco-Enterprise Center, a 57,609-square-foot, multi-tenant office and industrial building located at 2801 21st Ave. in Minneapolis. David Stokes and Bradley Brown of CTMT represented the buyer, Wellington Management. The seller was undisclosed. In the second transaction, CTMT’s Indianapolis office brokered the sale of Fortune Park 14, a 53,189-square-foot flex office building located in Indianapolis. CTMT’s Rebecca Wells, David Moore and Darrin Boyd represented the seller, Professors Capital. The buyer was Fortune Park 14 LLC, a partnership led by Tom Frank of Summit Realty Group. The acquisition price was not disclosed.
WARRENSVILLE HEIGHTS, OHIO — NAI Daus has completed the sale of a 23,594-square-foot industrial facility, located at 18780 Cranwood Pkwy. in Warrensville Heights. Situated on approximately 2 acres, the building contains 4,394 square feet of office space, two docks and two drive-in doors. Jeffrey Calig and David Hexter of NAI Daus represented the undisclosed seller. The buyer, BB Buckle LLC, purchased the property for an undisclosed amount.
CHICAGO — Leopardo has completed a $4.3 million renovation for the 22,000-square-foot Chicago office of the international law firm Jones Day. Located at 77 W. Wacker Dr., the office had its executive conference floor remodeled with a more modernized look. Along with an upgrade HVAC and cabling infrastructure, the floor also received 15 new or upgraded meeting rooms, five administrative offices and a café/break room. Leopardo served as the general contractor with Gensler as the architect.
LOCKPORT, ILL. — Stan Johnson Co. has brokered the sale of an 8,064-square-foot retail store to an individual investor for $2.55 million. Located on 1.86 acres in Lockport, the freestanding store is occupied by National Tire & Battery. Gill Warner, Rod Pickney and Chad Byerly of Team Warner of Stan Johnson Co. represented the seller, a retail developer. Town & Country GMAC Real Estate represented the buyer in the transaction.
PALATINE, ILL. — BCI Acrylic Bath Systems has signed a 10-year lease for a 71,000-square-foot building, located at 514-532 S. Hicks Rd. in Palatine. The building features 18-foot clear ceiling heights, eight interior docks, three drive-in doors, 1,600 amps of power and office space. BCI had previously been occupying 39,000 square feet in the same building. It has the option to purchase the building in the future. Noel Liston of Elmhurst, Ill.-based Darwin Realty & Development Corp. represented the tenant. The landlord, Mirvac Industrial Trust, was represented by David Haigh and Steven Masters of NAI Hiffman.
CHASKA, MINN. — The Minneapolis office of NorthMarq Capital has secured $3 million in first-mortgage financing for Sun Lake Woods Apartments, an 82-unit multifamily property located in Chaska. The loan carries a 10-year term with a 30-year amortization schedule. NorthMarq’s Daniel Trebil arranged the loan on behalf of the undisclosed borrower. The lender was Amerisphere Multifamily Finance, a NorthMarq affiliate and a Fannie Mae DUS lender.
ROLLING MEADOWS, ILL. — Transwestern has completed a 10-year, 23,682-square-foot lease renewal at Continental Office Towers in Rolling Meadows for Associated Agencies. The Class A building, which is located at 1701 Golf Rd., consists of three 12-story office towers. The firm received tenant improvement dollars to renovate the space, flexible expansion rights and monument signage rights.
WEST BLOOMFIELD, MICH. — The Beale Group has brokered the sale of Bloomfield Avenue Shoppes, a 58,000-square-foot retail center located at 6041-6199 Haggerty Rd. in West Bloomfield. The property was purchased by Bloomfield Shoppes I LLC; the seller was undisclosed. Steven Beale, Greg Newman and Steve Shamoun of The Beale Group represented both parties in the transaction and helped secure funding for the purchase. The Beale Group will also continue to lease the center and has been selected to provide management services as well.
JOLIET, ILL. — Ecolab has renewed its lease for 177,829 square feet at 3501 Corporate Drive, a 408,394-square-foot industrial building located in Joliet. The building is situated within Southfield Business Park; it is currently 70 percent occupied with a 124,552-square-foot space still available. Ecolab is currently occupying the space on a short-term basis, but has the option to expand into it permanently at a later date. Ecolab has been a tenant at the building since 2004. Geoffrey Kasselman and Daniel Dakhil of Op2mize LLC represented the landlord, Liberty Property Trust. The tenant was represented by Patrick Lederer of Korman Lederer Associates and Ken Boyd of Jackson Cooksey. Terms of the lease were not released.
WAITE PARK AND MOORHEAD, MINN. — NorthMarq Capital has arranged $11.25 million in first-mortgage financing for two Minnesota apartment properties. The first is Park Meadows Apartments, a 360-unit property located in Waite Park, and the second is Terrace On The Green, a 116-unit community located in Moorhead. Patrick Minea of NorthMarq’s Minneapolis office secured the loan on behalf of the undisclosed borrower through Freddie Mac.