ROCHESTER HILLS, MICH. — Footwear retailer DSW has opened a 16,400-square-foot store at Centro Properties Group’s Hampton Village Centre, a 460,000-square-foot shopping center located at the intersection of Rochester and Auburn roads in Rochester Hills. The store marks DSW’s 10th location in the Detroit metro area. Justine O’Brien represented Centro in the lease transaction.
Midwest
ROCHESTER HILLS, MICH. — Footwear retailer DSW has opened a 16,400-square-foot store at Centro Properties Group’s Hampton Village Centre, a 460,000-square-foot shopping center located at the intersection of Rochester and Auburn roads in Rochester Hills. The store marks DSW’s 10th location in the Detroit metro area. Justine O’Brien represented Centro in the lease transaction.
PLYMOUTH, MINN. — Minneapolis-based NorthMarq Capital has arranged $6.6 million in first-mortgage financing for Fernbrook Townhomes, a 72-unit multifamily community located in Plymouth. The loan was based on a 10-year term with a 30-year amortization schedule. Michael Padilla of NorthMarq arranged the financing on behalf of the borrower, At Home Apartments, through Freddie Mac.
PLYMOUTH, MINN. — Minneapolis-based NorthMarq Capital has arranged $6.6 million in first-mortgage financing for Fernbrook Townhomes, a 72-unit multifamily community located in Plymouth. The loan was based on a 10-year term with a 30-year amortization schedule. Michael Padilla of NorthMarq arranged the financing on behalf of the borrower, At Home Apartments, through Freddie Mac.
AURORA, ILL. — Chicago-based Wrightwood Capital has acquired a 121,000-square-foot industrial facility, located at 2300 Raddant Rd. in Aurora, in a sale/leaseback transaction. The building features 25-foot clear ceiling heights, eight interior truck docks and 6,000 square feet of office space. The property was sold by Cano Container Corp., which occupies the building along with Packaging Dimensions and United Express System. Frank Griffin and Dominic Carbonari of Grubb & Ellis represented Cano in the sale. The property was the 16th acquisition for Wrightwood Capital’s Industrial Property Fund III. The purchase price was undisclosed.
AURORA, ILL. — Chicago-based Wrightwood Capital has acquired a 121,000-square-foot industrial facility, located at 2300 Raddant Rd. in Aurora, in a sale/leaseback transaction. The building features 25-foot clear ceiling heights, eight interior truck docks and 6,000 square feet of office space. The property was sold by Cano Container Corp., which occupies the building along with Packaging Dimensions and United Express System. Frank Griffin and Dominic Carbonari of Grubb & Ellis represented Cano in the sale. The property was the 16th acquisition for Wrightwood Capital’s Industrial Property Fund III. The purchase price was undisclosed.
INDIANAPOLIS — The Mumford Company has arranged the sale of the 138-unit Days Inn of Indianapolis located in Indianapolis. Steve Kirby of Mumford’s Atlanta office and Lance Potter of the firm’s Chicago office represented the seller, Bowling Green, Ky.-based Westloop hotels. The property was acquired for an undisclosed price from a California-based buyer that will relocate to Indianapolis to manage and operate the hotel. The property will remain a Days Inn.
INDIANAPOLIS — The Mumford Company has arranged the sale of the 138-unit Days Inn of Indianapolis located in Indianapolis. Steve Kirby of Mumford’s Atlanta office and Lance Potter of the firm’s Chicago office represented the seller, Bowling Green, Ky.-based Westloop hotels. The property was acquired for an undisclosed price from a California-based buyer that will relocate to Indianapolis to manage and operate the hotel. The property will remain a Days Inn.
CHICAGO — Matanky Realty Group has brokered the sale of two Chicago retail properties. Terri Cox and Anita Kedia of Matanky represented the undisclosed seller of Dearborn Grocer, a 27,400-square-foot grocery store located at 2274 N. Milwaukee Ave. The sale price was not disclosed, but the property listed for $3.25 million. Cox, along with James Matanky, also represented the seller in the disposition of Dearborn Wholesale Grocers, an 11,070-square-foot retail center located at 2019 W. Howard St. The asking price for the property was $1.7 million. The parties involved in both transactions were not disclosed.
CHICAGO — Matanky Realty Group has brokered the sale of two Chicago retail properties. Terri Cox and Anita Kedia of Matanky represented the undisclosed seller of Dearborn Grocer, a 27,400-square-foot grocery store located at 2274 N. Milwaukee Ave. The sale price was not disclosed, but the property listed for $3.25 million. Cox, along with James Matanky, also represented the seller in the disposition of Dearborn Wholesale Grocers, an 11,070-square-foot retail center located at 2019 W. Howard St. The asking price for the property was $1.7 million. The parties involved in both transactions were not disclosed.