HUDSON, OHIO — SNS Nano Fiber Technology has leased 22,800 square feet of industrial space at 5633 Hudson Industrial in Hudson. The tenant, which produces specialized nanofiber matrices, is part of a family of companies including Stow, Ohio-based Struktol. Tom Fox of Cummins represented the tenant. Bob Garber and Matt Beesley of CRESCO Real Estate represented the landlord, Tri-State Realty, in the transaction.
Midwest
ALSIP, ILL. — McShane Construction Co. has been selected to construct a 16,300-square-foot expansion for Scientific Dust Collectors’ manufacturing facility, which is located at 4101 W. 126th St. in Alsip. The project will feature a large crane bay, 30-foot clear ceiling heights, a drive-in door and an external dock. Computerized Structural Design will provide architectural services for the project, which is slated for completion in December.
CHICAGO — The Missner Group, serving as general contractor, is constructing a new facility for Again Auto Parts in Chicago. Located at 1300-1330 N. Kostner Ave., the 8.9-acre project is currently underway with completion expected in spring 2010. Cornerstone Architects is providing architectural services for the project.
CHICAGO — The Loan Sales group of Holliday Fenoglio Fowler (HFF) has closed the sale of 19 well-performing first mortgage commercial loans on behalf of AEGON USA Realty Advisors. The loans range in size from approximately $2 million to $7.5 million, with an aggregate total of approximately $78.5 million. The loans were secured by retail centers, industrial properties, office buildings, a mobile home park and multifamily properties located in 11 states. Stuart Salins of HFF represented AEGON USA in the transaction. The buyer was not disclosed.
WAUKEGAN, ILL. — A limited liability company organized by Colorado-based Monarch Investment and Management Group has acquired Northgate Apartments in Waukegan. The 363-unit REO property sold for $22 million or $60,606 per unit. Located at 2330 N. Samson Way, the 348,930-square-foot property features 15 one-bedroom/one-bath units, 45 large one-bedroom/one-bath units, 108 two-bedroom/one-bath units, 90 large two-bedroom/two-bath units, 90 extra-large two-bedroom/two-bath units and 15 three-bedroom/two-bath units. Additionally, the community features a clubhouse, a fitness center, a playground, a swimming pool and a tennis court. Scott Harris of Marcus & Millichap represented the seller, an East Coast-based lender, in the transaction.
GREEN SPRINGS, OHIO — Jacob Gehl, Mark Myers and Michael Glass of Marcus & Millichap represented the undisclosed seller in the $10 million disposition of St. Francis Health Care Centre, a licensed nursing home and long-term acute-care hospital located at 401 N. Broadway Ave. in Green Springs. The property offers 150 skilled nursing beds and 36 long-term acute-care beds. The 186,000-square-foot property includes a park, a pond, a courtyard, a chapel, a greenhouse, a multi-purpose gym, a therapeutic pool with adjustable floor, therapy spaces, a full basketball court and three dining rooms. The buyer was a local healthcare provider.
KANSAS CITY, KAN. — Block & Company Inc. Realtors has completed the development of the 184,000-square-foot Wal-Mart Supercenter, which is located within the Plaza at Speedway in Kansas City. Wal-Mart will co-anchor the center along with Best Buy and Kohl’s. Block & Company also recently opened a 176,311-square-foot Wal-Mart Supercenter at the corner of Raytown Road and 350 Highway in Raytown, Mo.
CHICAGO — Evangelical Covenant Church has purchased a 50,000-square-foot office building, which is located at 8303 Higgins Rd. in Chicago. Akton Realty sold the property for an undisclosed price. Covenant is expected to take occupancy in the first quarter of 2010.
OLATHE, KAN. — Bushnell has leased 221,800 square feet of industrial space at 22101 W. 167th St. in Olathe for an undisclosed price. The relocation will allow Bushnell to close two of its three existing locations. Other tenants of the 601,829-square-foot facility include FedEx Smartpost. Kenneth Block and Michael Block of Block Real Estate Services represented the tenant; Joe Accurso and Dan Jensen of Kessinger/Hunter & Co. represented the owner, Sun Life Assurance.
COUNCIL BLUFFS, IOWA — North Liberty, Iowa-based Kinseth Hospitality Cos. has developed Hilton Garden Inn Omaha East/Council Bluffs at Horseshoe Casino, a 153-room hotel located at 2702 MidAmerican Dr. in Council Bluffs. The hotel features 5,000 square feet of meeting space, a fitness center, an indoor swimming pool and whirlpool, a glass-enclosed pavilion lobby, in-room mini refrigerators, microwaves and coffee makers, and on-site laundry facilities.