CHICAGO AND HANOVER PARK, ILL. — Alliant Capital has arranged a total of more than $12.4 million in refinancing for four multifamily communities in the Chicago area. Aaron Abelson of Alliant Capital secured financing for a private borrower for three properties in Chicago. A 60-unit property on Sheridan Road received a $2.6 million loan; a 46-unit community, also on Sheridan Road, received $1.9 million and a 45-unit property on Sacramento received $2 million. Additionally, Abelson secured $5.9 million for the 120-unit Orchard Hills Apartments in Hanover Park.
EAST ST. LOUIS, ILL. — St. Paul Baptist Church and St. Andrew’s Resources for Seniors have partnered to develop Rush Senior Gardens, a senior-living community located at 1530 Bond Ave. in East St. Louis. The three-story facility offers 54 one-bedroom apartment units with fully equipped kitchens, living rooms and bathrooms, Additionally, the property offers commons areas and on-site management. The property is funded by a $5.96 million grant from the U.S. Department of Housing and Urban Development. R.G. Ross Construction Co. served as general contractor for the project, which was designed by Grice Group Architects.
ROMEOVILLE, ILL. — Tulsa, Okla.-based Senior Star Living has developed Senior Star at Weber Place, a 346-unit senior-living facility located at 600 and 605 S. Edward Drive in Romeoville. The property includes a two-story, 47,000-square-foot Memory Care building, which offers 77 memory-care apartments, and a 360,000-square-foot residential building offering 269 independent-living and assisted-living apartments. The community also offers interior and exterior gathering areas, three life-long learning centers, a library, a wellness area, an Internet café, a hair salon, two dining areas, an indoor pool and 110 underground parking spaces. McShane Construction Co. served as general contractor for the project, which was designed by Eppstein Uhen Architects.
SCOTT CITY, MO. — Contegra Construction Co. has completed the construction of a $2.5 million John Deere dealership, which is located at 1400 E. Outer Road in Scott City, for Wm. Nobbe & Co. The 42,250-square-foot structure is replacing Nobbe’s current dealership at 2900 Old Orchard Road in Jackson, Mo. The new facility features an 18,000-square-foot service center, 9,000 square feet of showroom and office space and a 7,500-square-foot parts department.
CHICAGO — Glascott & Associates has acquired two mixed-use properties in Chicago. The apartment and retail properties are located at 1670 W. Division St. and 1920 W. Division St. in the Wicker Park neighborhood of Chicago. The acquisition price was $3.64 million. Chad Firsel of Quantum Real Estate Advisors represented the buyer. The seller was not disclosed.
LOCKPORT, ILL. — Meridian Design Build has been selected by MedProperties Group to construct a medical office space build-out at the recently completed 54,000-square-foot Lockport Crossings Medical Center in Lockport. The build-out will include 10 exam rooms, private restrooms, shared waiting/reception areas and lockable file storage. Areté 3 Ltd. is providing design services for the project.
KANSAS CITY, MO. — Madison, Wis.-based The Alexander Company has acquired the historic U.S. Federal Courthouse in downtown Kansas City. The company plans to redevelop the property into 176 workforce-housing apartments. The $35 million project will include 109 one-bedroom units and 67 two-bedroom units. Additionally, the property will offer 10,000 square feet of retail space. Construction began in January and completion is slated for the second quarter of 2011.
SCHAUMBURG, ILL. — Career Education Corp. has leased a 317,198-square-foot office building at 231 N. Martingale Road in Schaumburg. Located within Woodfield Pointe Office Center, the 11-story building will house the company’s headquarters. The company is scheduled to begin occupying the building in December and consolidation of its current five offices will be complete in March 2011. James Whalen, Mark Pasquella and Chad Freese of CB Richard Ellis represented the tenant and the landlord, Keystone Property Group, in the transaction.
SHAKOPEE, MINN. — NFI Distribution has signed a lease for 106,000 square feet of industrial space at Continental Distribution Center, which is located at 4701 Industrial Blvd. South in Shakopee. The tenant will use the property to serve its customers in the region. The landlord is First Industrial Realty Trust. Jeff Pryztarski of CB Richard Ellis and Brian Netz and Bill Ritter of NAI Welsh Cos. negotiated the transactions. Lease details were not released.
GRAFTON, WIS. — A private REIT, which is managed by Inland Real Estate, has acquired Grafton Commons, a 238,816-square-foot retail center in Grafton. Located at the corner of Port Washington Road and Highway 60, the property sold for $37 million. Tenants of the center include Kohl’s, Dick’s Sporting Goods, Best Buy, PetSmart and Michaels. Rick Drogosz, Bonnie Tripton and Dan Cohen of Mid-America Real Estate Corp. represented the owner/developer, Milwaukee-based Continental Properties. Oakbrook, Ill.-based Inland Real Estate provided in-house representation for the buyer.