BRISTOL, WIS. — Colliers has arranged the sale of a 396,508-square-foot distribution center in Bristol, a city in Southeast Wisconsin. Zebra Technologies, a digital solutions, hardware and software company, fully leases the Class A facility. Built in 2021, the property features a clear height of 36 feet and 74 trailer parking spots. Jeff Devine and Steve Disse of Colliers represented the seller, Janko Group. The buyer and sales price were undisclosed.
CHICAGO — Skender has completed an 81,000-square-foot office headquarters build-out for Avant at the Merchandise Mart in Chicago. The financial technology company’s new office features open workstations, multiple cafes and a mix of collaboration, conferencing andfocus spaces. The new workspace doubles Avant’s presence in Chicago. The firm relocated from 222 N. LaSalle St. The project team included CBRE as tenant representative, Gensler as architect and Syska Hennessy Group as engineer. Skender is currently working with Merchandise Mart owner Vornado Realty Trust on a repositioning initiative for the property.
OAK BROOK, ILL. — Krusinski Construction has completed a renovation of Comcast’s office in the Chicago suburb of Oak Brook. The renovated space features new carpeting, quartz countertops, multiple offices, conference rooms and a wellness area. The office also features technology that reduces energy consumption, such as wireless lighting controls and occupancy sensors. Krusinski also implemented new security features.
EDEN PRAIRIE, MINN. — Riddle’s Jewelry has signed a 1,732-square-foot lease to open a new store at Eden Prairie Center in the Twin Cities suburb of Eden Prairie. Opened in 1976, Eden Prairie Center totals 1.4 million square feet and features more than 100 shops and restaurants. Slated to open in May, Riddle’s Jewelry will occupy space on the upper level near the center court. In addition to the company’s U.S.-made jewelry, the Eden Prairie Center location will also feature a Pandora counter that will open at a later date. Riddle’s Jewelry is a family-owned and operated company with locations across nine states.
ROLLING MEADOWS, ILL. — Brennan Investment Group has acquired a 485,000-square-foot office building located at 3800 Golf Road in the Chicago suburb of Rolling Meadows. Brennan plans to demolish the building and construct a new Class A industrial park to be named Rolling Meadows Commerce Center, or RMC². The development will consist of 600,000 square feet of industrial space and landscaped grounds. Target users will include manufacturers, distributors and data centers. The project is still in the early stages with no specific construction timeline, but Brennan expects to complete the project in the next few years.
BLAINE, MINN. — Blaine35, a three-building industrial park totaling 317,400 square feet in the Minneapolis suburb of Blaine, is now fully leased. Action Target, a shooting range equipment manufacturer, leased 31,120 square feet in Building A and plans to take occupancy in May. Aspect Automation, an automated manufacturing solutions provider, leased the entire 98,900-square-foot Building B and expects to take occupancy in November. Dan Swartz and Austin Lovin of CBRE represented the developer, Canada-based Artis REIT, which completed the final building in December. Other tenants include Chandler Industries, Caerus Corp. and Jonco Die Inc.
BATTLE CREEK, MICH. — Greystone has provided a $13.9 million HUD 223(f) loan for the refinancing of Bent Tree Apartments in Battle Creek. Constructed in 1981, the 164-unit Section 8 affordable housing property consists of one mid-rise building and 14 two-story buildings. As part of the refinancing, the owner obtained a new 20-year HAP contract for the property. Lisa Fischman of Greystone originated the loan on behalf of the borrower, The Altman Cos. The fixed-rate loan features a 35-year term and a 35-year amortization schedule. Loan proceeds enable the borrower to make improvements to the property and monetize a portion of equity in the property.
CLAYTON, OHIO — CBRE has brokered the $12 million sale of a 200,356-square-foot distribution center in Clayton, a northwest suburb of Dayton. Situated on 20 acres at 1 Lau Parkway, the property is net leased to Michigan-based HVAC manufacturing company Hart & Cooley LLC. The company has occupied the facility since its completion in 1997. The property features 12 dock doors, four drive-in doors, clear heights ranging from 24 to 26 feet and trailer parking. Will Roberts, Steve Timmel, Phil Pelok and Brandon Ellis of CBRE represented the seller, Property Advisors Group. AIC Industrial was the buyer.
MENTOR, OHIO — Eastern Union has arranged $10.9 million in acquisition financing for two neighborhood shopping centers in the Cleveland suburb of Mentor. The properties include the 232,386-square-foot Erie Commons and the 80,480-square-foot Great Lakes Plaza. Marc Tropp of Eastern Union arranged the loan on behalf of the borrower, Baltimore-based America’s Realty LLC. First Bank provided the loan, which features a loan-to-value ratio of 75 percent. The overall purchase price was $14.6 million. With this acquisition, the holdings of America’s Realty in the state of Ohio amount to 18 retail centers totaling 3.4 million square feet.
EAU CLAIRE, WIS. — Greywolf Partners Inc. has begun development of Station 955, a 258-unit apartment complex in Eau Claire, a city in western Wisconsin. The project at 955 W. Clairemont Ave. is situated near both the University of Wisconsin-Eau Claire and Chippewa Valley Technical College. Station 955 will offer studio, one-, two- and three-bedroom units. Amenities will include a lounge, game area, business center, fitness center, heated underground parking and an outdoor patio with courtyards. Completion is slated for fall 2024. Eau Claire-based Royal Construction is the general contractor, JSD Professional Services is providing civil and landscaping engineering services, and JLA Architects is the project architect.