BERKLEY, MO. — Hendricks & Partners has brokered the sale of Madelaine Manor apartments located at 9502 Madelaine Manor Walk in Berkley. The 68-unit apartment community was acquired by Madelaine Manor LLC of St. Louis for an undisclosed amount. Ken Aston and Paul Cunningham of Hendricks & Partners’ St. Louis office represented the seller, Madelaine Townhomes Associates Limited LP, in the transaction; Dave Voges of Prudential Advantage represented the buyer in the transaction.
ITASCA, ILL. — HSBC-North America is planning to construct a 304,000-square-foot building in Itasca to for a new corporate facility, which will consolidate HSBC’s five existing locations in suburban Chicago. Construction is expected to begin in the fall, with occupancy slated for the third quarter of 2010. Elaine Melonides, Dan McCarthy and Meredith O’Connor of Jones Lang LaSalle negotiated the 15-year build-to-suit lease. The Itasca development is the second phase of HSBC’s plan to consolidate nine of its facilities. Jones Lang LaSalle also worked with HSBC on the first phase of development, which included the company’s new 550,000-square-foot North American headquarters in Mettawa, Ill.
WYOMING, MICH. — Grubb & Ellis|Paramount Commerce has completed two industrial sales in Wyoming. Randy Bronkema of Grubb & Ellis|Paramount Commerce represented both parties in the sale of a 34,000-square-foot industrial facility located at 2544 Thornwood St. SW. Mercantile Bank of Michigan sold the property to 2544 Thornwood LLC for an undisclosed amount. Additionally, Bronkema represented both parties in the sale of a 5,400-square-foot building located at 3042 Stafford Ave. SW. David Herr has acquired the property from Select Bank for an undisclosed amount.
ROSEVILLE, MICH. — L. Mason Capitani has brokered the sale of a 14,065-square-foot facility located at 16500 Common Rd. in Roseville. Divisions of American Machine Products, as well as Amex & Motorcycle Concepts Inc., will occupy space in the building. Joe DePonio and Jason Capitani of L. Mason Capitani represented both parties in the transaction. The acquisition price was not disclosed.
ROYAL OAK, MICH. — Signature Associates, a member of the Cushman & Wakefield alliance, has brokered the sale of a 152,562-square-foot office facility located at 400 West Fourth St. in Royal Oak. John Gordy and Garrett Keais of Signature Associates represented the seller, National City Bank, and the buyer, Howard & Howard Attorneys, in the transaction. National City Bank, which leased back approximately half of the facility for a 10-year term, sold the building for an undisclosed amount. Howard & Howard Attorneys is planning to move its Bloomfield Hills, Mich., office to the remainder of the building.
FARMINGTON HILLS AND NOVI, MICH. — Farmington Hills-based Northern Equities Group has leased three spaces in Michigan to the international automotive supplier Harman Becker Automotive Systems. The buildings, which total more than 100,000 square feet, will house offices, labs, evaluation, and research and development areas. The first lease was a 10-year renewal for Harman Becker’s existing 60,000-square-foot office located at 39001 West 12 Mile Rd. in Farmington Hills. To house its new engineering center, Harman Becker has signed a 10-year lease for 51,000 square feet of space within LaSalle Technology Centre South, which is located at 28845 Cabot Dr. in Novi. Also in Novi, the company has signed a short-term lease for 6,000 square feet of space within the Cabot Technology Centre located at 28700 Cabot Dr. Chris Secontine in the Southfield, Mich., office of Signature Associates represented Harman Becker Automotive Systems in the transactions.
BROOKLYN PARK, MINN. — Minneapolis-based NothMarq Capital has arranged $7.5 million in first-mortgage financing for the 610 Business Park located in Brooklyn Park. Financing for the 78,190-square-foot industrial property was based on a 10-year term, with a 30-year amortization schedule. Patrick Minea of NorthMarq’s Minneapolis office arranged the loan for the borrower, through NorthMarq’s relationship with a pension fund advised by Grosvenor Investment Management US.
CINCINNATI — New York-based DLC Management Corp. has acquired the 133,631-square-foot Skytop Pavilion located at Beechmont Ave. S R-125 in Cincinnati. The retail center is anchored by Bigg’s Supermarket, which occupies more than 50 percent of the development. Skytop Pavilion is the only grocery-anchored shopping center in the immediate trade area, which has a 3-mile radius population of more than 48,000. The acquisition price and the seller were not disclosed.
ST. LOUIS — Hendricks & Partners has brokered the sale of the Oak Park Village apartment community located at 11185 Sierra Vista Parkway in St. Louis. The 758-unit property was acquired by Oak Park Partners LLC of St. Louis for an undisclosed amount. Sierra Vista LLC of Bingham Farms, Mich., sold the facility. Ken Aston of the St. Louis office of Hendricks & Partners negotiated the transaction.
COLUMBUS, OHIO — Nationwide Realty Investors has announced that The Big Bang Rock and Roll Piano Bar will open a 6,000-square-foot location within the $750 million Arena District in downtown Columbus. The bar will feature nightly shows performed by two entertainers facing off on grand pianos. Located at 401 North Front St., The Big Bang will be open this fall. Nationwide Realty Investors is developing the 75-acre mixed-use development, which includes more than 1.5 million square feet of office, restaurants, entertainment and residential use.