ST. LOUIS — Opus NW has completed the development of Nine North, a condominium complex located at 9 N. Euclid in the Central West End of St. Louis. The mid-rise building offers units with hardwood floors, 10-foot ceilings, floor-to-ceiling windows, Bosch kitchen appliances, European-style bath features and private balconies. Community amenities include an urban garden area, a pool, a hot tub, a fitness center, a grilling area and perennial gardens.
Midwest
AURORA, ILL. — Bridge Development Partners leased 55,000 square feet at its Park Butterfield property, which is located at 3557 Butterfield Rd. in Aurora, to Chicago-based InnerWorkings Inc. The tenant plans to consolidate two locations in Naperville and Carol Stream, Ill., to the Park Butterfield property. Bridge is currently completing 5,000 square feet of build out of office space for the tenant. Occupancy is scheduled for October. Scott Kulberg of Studley Inc. represented InnerWorkings; Steve Connolly, Mark Moran and Dan Wilkins of Oakbrook Terrace, Ill.-based NAI Hiffman represented the landlord in the lease transaction.
BLOOMINGTON, MINN. — Holiday Inn Bloomington Airport I-35, which is managed by North Liberty, Iowa-based Kinseth Hospitality Cos., is currently undergoing the Holiday Inn brand relaunch. The renovated the hotel now features improved signage, new outdoor lighting, landscaping, a redesigned lobby and reception desk, high-speed Internet access, an indoor pool, a whirlpool and Green Mill Restaurant & Bar. The guest rooms feature signature comfort bedding, four-function showerheads, granite vanities and 100 percent ultra soft cotton linens. The hotel is located at 1201 W. 94th St. in Bloomington.
SKOKIE, ILL. — Vetter Development Services USA Inc. has signed a long-term lease at the Illinois Science + Technology Park in Skokie. Headquartered in Ravensburg, Germany, the global biopharmaceutical contract manufacturing company plans to occupy approximately 25,000 square feet at 8025 Lamon Ave. within the park. Forest City Science + Technology Group developed the 23-acre corporate office and research campus, which offers 660,000 square feet of space. Additional details of the transaction were not disclosed.
MENDOTA HEIGHTS, MINN. — Patrick Minea of NorthMarq Capital’s Minneapolis regional office arranged a $28 million first mortgage for Mendota Office Center I, II, III, IV and American Corporate Center. Located in Mendota Heights, the properties offer a total of 420,216 square feet of office space. Financing was provided by State Farm Life Insurance Co.
NORTH BRANCH, MINN., AND FRANKLIN, WIS. — Welsh Capital recently closed on two loans totaling $6.4 million for two commercial properties in North Branch and Franklin. In the first transaction, Welsh arranged $1.5 million in refinancing for a 54-unit multifamily property in North Branch. In the second transaction, $4.9 million in acquisition financing (loan assumption) was secured for a 155,320-square-foot multi-tenant industrial building in Franklin. Additional terms of the transactions were not disclosed.
DAYTON, OHIO — Love Funding’s Washington, D.C., office has secured a $1.4 million loan for the refinancing of Country Brooke, a 107-unit multifamily housing complex in Dayton. The 285,579-square-foot complex consists of six two-and-a-half story buildings and features a playground, picnic areas with grills and laundry facilities. Holly Bray of Love Funding originated the 25-year loan, which carries a 5.55 percent fixed-interest rate, through the HUD 207/223(f) loan program.
OMAHA, NEB. — Omaha-based Darland Construction Co. has begun construction for a new academic facility at the University of Nebraska Medical Center (UNMC) in Omaha. The Harold M. and Beverly Maurer Center for Public Health will be a three-story, 56,978-square-foot building that will house the UNMC College of Public Health. It will contain 106 offices, 11 classrooms and a computer lab. The project will also be seeking LEED certification. The facility will open for the fall 2010 semester. The projects architect is Alley Poyner Macchietto Architecture.
ROSELLE, ILL. — RIM Logistics has leased an approximately 228,000-square-foot distribution facility located in Roselle for its new headquarters and distribution center. The building is located at 200 Gary Ave. within Turnberry Lakes Business Park. It contains a total of 487,437 square feet of warehouse and office space. RIM's space features 25,000 square feet of office space on two floors, 22 exterior docks and 25-foot clear ceiling heights. The company will be relocating from its previous facility in Wood Dale, Ill. Dan Smolensky of The Modal Group, Tyler Hardy of Grubb & Ellis, and Bruce McConnell of CB Richard Ellis represented RIM in lease negotiations. The landlord, AMB Property Corp., was represented by Ronald Behm, Jeffrey Kapcheck and Mark Bell of Colliers Bennett & Kahnweiler. Turnberry Business Park contains more than 1.7 million square feet of space spread over 28 buildings, five of which are owned by AMB.
TOPEKA, KAN. — Monmouth Real Estate Investment Corp. has acquired a 40,000-square-foot industrial building in Topeka for $4.1 million. The property is located within Forbes Field Industrial Park at 6700 S.W. Topeka Blvd. It was constructed in 2006 as a build-to-suit for GE Commercial Finance Business Property Corp., the seller in the transaction. Coca-Cola Enterprises occupies the building under a triple-net lease agreement through 2021. The building is subject to a ground lease with Metropolitan Topeka Airport Authority. Darren Sides of Porthaven Partners represented Monmouth in the purchase.