KANSAS CITY, MO. — Construction is under way for The Apartments at Briarcliff in Kansas City. The six-building community will feature 263 units, attached and detached garages and a clubhouse with a pool, a spa and a private movie theater. The apartments will feature 9-foot ceilings, smooth walls, multiple interior color schemes, plank flooring, granite countertops, internal building elevators, and maintenance-free stucco and stone exteriors. Lenexa, Kan.-based Neighbors Construction Co. is serving as general contractor for the project, which is slated for completion in summer 2011.
Midwest
O’FALLON, MO. — St. Louis-based Paric Corp. is currently renovating an existing skilled-nursing facility at the Village of St. Mary’s Villa Theresa Continuum of Care Retirement Community in O’Fallon. The $4.6 million 51,000-square-foot renovation is expected to have a 10-month timeline. Additionally, Paric is working on the $9.5 million two-phase renovation of 21,000 square feet of space, which is being converted into 15 affordable apartment units. Paric is serving as construction manager for the two projects. The Lawrence Group is providing architectural services for the project, which is a joint venture between The Sisters of the Most Precious Blood and McEagle Properties.
MT. COMFORT, IND. — EnerDel, a division of Ener1, has signed a lease for 211,500 square feet of industrial space at Axcess70 in Mt. Comfort. The company will utilize the facility to manufacture lithium batteries for the automotive industry. Axcess70 is a 150-acre industrial and distribution park located north of the Interstate 70 and Mt. Comfort Interchange. The property is owned and developed by Browning Investments. Mark Writt of CB Richard Ellis represented the tenant; J.D. Graves of Colliers Turley Martin Tucker represented the property owner.
DETROIT — Private investor Christopher Johnson has acquired 3,800 square feet of retail space at 13200-13204 Fenkell in Detroit. Sidney and Bertha Gold sold the property for an undisclosed price. The buyer plans to use the space for a construction business. Paul Feldman of Friedman Real Estate Group represented the seller in the transaction.
DECATUR, IND. — Chicago-based Preferred Development has acquired Village Green Shopping Center, a 93,000-square-foot retail center in Decatur. Built in 1968 and renovated in 2005, the property is anchored by Scott’s Foods grocery store. The seller and acquisition price were not disclosed. Gary Wool of Deerfield, Ill.-based Janko & Wool Real Estate Finance represented Preferred in the transaction.
CHICAGO — Reed Construction has completed the construction of 23,500 square feet of white-box spec suites within 500 N. Michigan Ave. in Chicago. The construction was completed on behalf of the property manager, Zeller Realty Group. The project included new ceiling grids and tiles, direct and indirect lighting, new supply and return grills, new sprinkler heads and interior paint. Hydzik Schade Associates provided architectural services for the project.
INDIANAPOLIS — Shoppers World has signed a long-term lease to occupy 85,000 square feet at Felbram Plaza North, which is located at the corner of U.S. 31 and National Avenue in Indianapolis. The store joins a roster of national and regional tenants, including Dollar Tree, Payless Shoes, GameShop, Fantastic Sams, MCL Restaurant, Firestone Tires, CiCi’s Pizza, Radio Shack and GNC. New York-based Winbrook Management represented the property owner, Nassimi Realty, in the transaction. Terms of the lease were not disclosed.
WINTHROP HARBOR, ILL. — Marcus & Millichap’s Demetrie Livaditis represented the developer in the disposition of Harbor Plaza Retail Center in Winthrop Harbor. Located at 1201-1275 Sheridan Road, the 60,980-square-foot center sold for $3.7 million. Amalgamated Bank issued a 60 percent loan-to-value acquisition loan for the property. The buyer was not disclosed.
CHICAGO — Chicago-based Golub & Co., on behalf of property owner OGM Investors II, has completed the development of Streeter Place, a 54-story luxury apartment tower located at 355 E. Ohio St. in Chicago’s Streeterville neighborhood. The property features 480 apartments and a 402-space parking garage. Additionally, the property features 10,000 square feet of retail space, a lobby, a business services center, a party room, a game room, a reading lounge, an upscale media room, a fitness center with two indoor spas and an outdoor swimming pool. James McHugh Construction Co. served as general contractor for the project, which was designed by Solomon Cordwell Buenz & Associates.
PLEASANT PRAIRIE, WIS. — C&H Distributors has signed a lease to occupy 320,000 square feet of space at LakeView XII, which is located within LakeView Corporate Park in Pleasant Prairie. The company is relocating its operations from Milwaukee. The facility features 50 truck-loading docks, four drive-in overhead doors, 32-foot clear-ceiling heights and ample truck parking spaces. Trent Poole of CB Richard Ellis represented the tenant; Whit Heitman and Samuel Badger of Paine/Wetzel•ONCOR International represented the landlord, CenterPoint Properties. Additional terms of the lease were not disclosed.