PLEASANT PRAIRIE, WIS. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Addison of Pleasant Prairie for an undisclosed price. The 100-unit assisted living and memory care community is located in Pleasant Prairie, a village along Lake Michigan and the Illinois border. The seller was an East Coast-based capital firm partnered with a national operator. The buyer was a regional owner-operator that intends to expand the campus with independent living units. Ryan Saul, Jeff Binder and Brad Clousing of SLIB brokered the transaction.
BROWN DEER, WIS. — Jewish Family Services Inc. is scheduled to break ground on Woodale Crossing on Thursday, May 16. The 56-unit affordable and supportive seniors housing community will be located at 4114 W. Woodale Ave. in Brown Deer, a northern suburb of Milwaukee. Of the total units, 25 percent will be reserved for persons with disabilities who are in need of support services. Residents will have access to onsite supportive services that include socialization and skill-based programming, social services and independent living support services. Jewish Family Services has a subsidiary, JFS Housing Inc., which develops affordable housing.
O’FALLON, ILL. — Marcus & Millichap has brokered the $3.1 million sale of a retail property net leased to Caliber Collision in O’Fallon, about 20 miles east of St. Louis. The building is located at 1274 Central Park Drive. Dominic Sulo and Andrew Antoniou of Marcus & Millichap represented the buyer and seller, both of which were limited liability companies.
CAROL STREAM, ILL. — Brown Commercial Group has arranged the sale of a 42,525-square-foot industrial flex building in the Chicago suburb of Carol Stream for $3.1 million. The fully leased property is located at 135 E. St. Charles Road. Matt Hanson of Brown represented the buyer and seller, both of which were private investors.
CHICAGO — Interra Realty has negotiated the sales of two multifamily properties in Chicago’s Montclare neighborhood for a total of $2.7 million. A nine-unit building at 3145 N. Nordica Ave., constructed in 1965, sold for $1.4 million. A nine-unit property at 3037-39 N. Harlem Ave., built in 1974, sold for $1.3 million. The Nordica asset closed at full price and marked the highest price per unit for vintage apartment buildings in the Montclare neighborhood in the last nine years, according to CoStar. Patrick Kennelly, Paul Waterloo and Nathan Zito of Interra represented the seller, a local partnership that had owned the properties for decades. The trio procured the buyer of the Harlem property, a local investor. Beco Kalamperovic of Dream Town Real Estate represented the undisclosed buyer of 3145 N. Nordica. The new owners plan to renovate units as tenants move out.
MINNESOTA — CBRE has arranged a $100 million recapitalization of a 36-property industrial service facility portfolio on behalf of a joint venture between Wayzata, Minn.-based Moir Park Capital and Eden Prairie, Minn.-based Hempel Real Estate. Industrial service facilities provide an outdoor storage component coupled with zoning that allows for a wide range of industrial uses. The portfolio encompasses nearly 630,000 square feet across 201 acres in 20 states. All of the properties are fully occupied by eight tenants, including United Rentals, Gerber Collision & Glass, Kaige Kubota, Caliber Collision, Sunbelt Rentals, Home Depot, Cummins and H&E Equipment Services. Judd Welliver, Bentley Smith, Michael Caprile, Ryan Bain, Zachary Graham, Joseph Horrigan, Will Pike and Victoria Gomez of CBRE represented Moir Park Capital in the transaction.
GOLDEN VALLEY, MINN. — A joint venture between Midloch Investment Partners and Fountain Real Estate Capital have acquired Boone Plaza in the Minneapolis suburb of Golden Valley for $11.9 million. The 123,608-square-foot industrial flex property is fully leased to 16 tenants. Constructed in 1984, Boone Plaza is situated on 10 acres at 1000 Boone Ave. North immediately north of the headquarters of General Mills. Some of the tenants at the property include General Mills, Gonyea Custom Homes and Schlage Lock Co. Fountain Real Estate will serve as the leasing broker.
HOPKINS, MINN. — Transwestern Real Estate Services has arranged the sale of a church and education facility totaling 65,535 square feet in Hopkins, a western suburb of Minneapolis. The sales price was undisclosed. Eric Rapp of Transwestern represented the buyer, Kingdom Embassy Worship Center, which will renovate the property and use it for both worship and education. Steve Shepherd of Newmark represented the seller, the Parish of Saing Gabriel the Archangel of Hopkins. The building is located at 6 Interlachen Road.
TOMAH, WIS. — Marcus & Millichap has brokered the sale of the Clarion Pointe Tomah hotel, a 67-room property in the central Wisconsin town of Tomah. The two-story hotel is located at 2005 N. Superior Ave. Amenities include a hot tub, fitness center, laundry facility, gift shop, playground and gaming lounge. Ebrahim Valliani and Michael Gantman of Marcus & Millichap represented the buyer and seller, both of which were private investors. Marcus & Millichap’s Chris Gomes and Allan Miller were also listed on the deal as supporting brokers, and Todd Lindblom assisted in closing the transaction.
DAVISBURG, MICH. — Cali Girl Books has signed a 1,600-square-foot retail lease at Oak Hill Plaza in Davisburg, about 23 miles south of Flint. Michael Murphy and Tjader Gerdom of Gerdom Realty & Investment represented the landlord, Kassab Associates. Located at 10785 Dixie Highway, Oak Hill Plaza is home to tenants such as Locri Pizzeria, Davisburg Nutrition and Diamond All Star Cheer.