Midwest

Garage Door Supplies Inks 30,000 SF Industrial Sublease in Bedford Park, Illinois

by Kristin Harlow April 14, 2021

BEDFORD PARK, ILL. — Garage Door Supplies has subleased 30,000 square feet of industrial space at 6558 W. 73rd St. in Bedford Park, a southwest suburb of Chicago. The 35,000-square-foot building features a clear height of 23 feet, five exterior dock doors and 300 car parking spaces. Jeffrey Provenza and Rollo Dace of Darwin Realty/CORFAC International represented Garage Door Supplies, which manufactures and distributes garage doors and related parts. William Strey of Cushman & Wakefield represented the sublandlord, Jerich USA. The sublease is for 18 months.

April 14, 2021

Acquisitions Michigan Midwest Office

Gerdom Negotiates Sale of 10,772 SF Office Asset in Howell, Michigan

by Kristin Harlow April 14, 2021

HOWELL, MICH. — Gerdom Realty & Investment has negotiated the sale of Bankers Square in Howell, about 55 miles northwest of Detroit, for an undisclosed price. The 10,772-square-foot office building is situated on the northeast corner of Michigan Avenue and Clinton Street. Howell Orthodontics and KNE Realty will occupy a portion of the property. Additional space remains available for lease. Bill McLeod of Gerdom represented the undisclosed buyer.

April 14, 2021

Acquisitions Healthcare Midwest Ohio

Quantum Brokers $1.4M Sale of Medical Office Building in Columbus, Ohio

by Kristin Harlow April 14, 2021

COLUMBUS, OHIO — Quantum Real Estate Advisors Inc. has brokered the sale of a single-tenant medical office building in Columbus for $1.4 million. Located at 4660 Roberts Road, the property is fully occupied by BrightView Health, a behavioral clinic specializing in the treatment of opioid addiction. Chad Firsel and Jason Lenhoff of Quantum represented the seller, a local real estate investment and development company. A Florida-based private investor was the buyer.

April 14, 2021

Acquisitions Illinois Midwest Multifamily

Marcus & Millichap Brokers Sale of 253-Unit Multifamily Asset in West Chicago

by Kristin Harlow April 13, 2021

WEST CHICAGO, ILL. — Marcus & Millichap has brokered the sale of Aspen Ridge in West Chicago for an undisclosed price. The 253-unit multifamily asset is situated in a wooded area near DuPage County Forest Preserve. Built in 1967 on 12 acres, the property features an Olympic-size pool, fitness center and playground. There are 77 one-bedroom units and 176 two-bedroom units. Ryan Engle, Andrean Angelov and Zack Mahoney of Marcus & Millichap represented the seller and procured the buyer. Both parties were private investors.

April 13, 2021

Acquisitions Illinois Industrial Midwest

Dalfen Industrial Acquires 174,300 SF Industrial Facility in Aurora, Illinois

by Kristin Harlow April 13, 2021

AURORA, ILL. — Dalfen Industrial has acquired a 174,300-square-foot industrial facility located at 1103 Butterfield Road in Aurora. Built in 2004, the property is known as Butterfield Logistics Center and offers convenient access to I-88. Brendan Sheahan and Nick Krejci of Darwin Realty/CORFAC International represented Dalfen in the transaction and will lead marketing efforts for the building. Seller information and the purchase price were undisclosed. A Dallas-based industrial owner and operator, Dalfen focuses on urban infill warehouses and distribution buildings.

April 13, 2021

Leasing Activity Midwest Nebraska Office

Omaha National Insurance Group Signs 53,274 SF Office Lease in Omaha

by Kristin Harlow April 13, 2021

OMAHA, NEB. — Omaha National Insurance Group has signed a 53,274-square-foot office lease at Embassy Plaza in Omaha. The insurance group will occupy space within Suite 300 of the property, which is located at 9110 W. Dodge Road. Connor Lund and Spencer Secor of Cushman & Wakefield | Lund Co. represented the landlord, Horse CF-Embassy LLC. Marc Siemers and Eric Renner of OMNE Partners represented the tenant, which is moving from another location.

April 13, 2021

Loans Midwest Multifamily Wisconsin

Ready Capital Closes $9.2M Loan for Condo Deconversion in Madison, Wisconsin

by Kristin Harlow April 13, 2021

MADISON, WIS. — Ready Capital has closed a $9.2 million loan for the acquisition, renovation and deconversion of a 152-unit fractured condominium property in Madison. The undisclosed borrower plans to acquire 84 of the Class B property’s units and implement a capital improvement plan. Planned upgrades include landscaping, amenity and common area improvements and painting. The floating-rate loan features a 36-month term and includes a facility to provide future funding for capital expenditures and additional unit buyouts.

April 13, 2021

Acquisitions Michigan Midwest Office

Dominion Arranges Sale of 9,744 SF Office Building in Southfield, Michigan

by Kristin Harlow April 13, 2021

SOUTHFIELD, MICH. — Dominion Real Estate Advisors has arranged the sale of a 9,744-square-foot office building in Southfield for an undisclosed price. Located at 17251 W. Twelve Mile Road, the property will become the new home of Grand and Grand PLLC, a law firm engaged in debt collection and landlord/tenant representation. Eric Banks of Dominion represented the buyer, Carpco Development LLC. Kevin Jappaya of KJ Commercial represented the seller, SS&A Property Management LLC.

April 13, 2021

Acquisitions Illinois Midwest Multifamily

Greystone Bel Negotiates Sale of 267-Unit Apartment Portfolio in Chicago

by Kristin Harlow April 12, 2021

CHICAGO — Greystone Bel Real Estate Advisors has negotiated the sale of a five-property multifamily portfolio totaling 267 units in Chicago. The sales price was undisclosed. The buildings are situated in the neighborhoods of Buena Park, Rogers Park, Ravenswood and Lincoln Square. The portfolio sold to three individual investors, who plan to make improvements to the 1920s-era properties. Bill Montana and Chris Sackley of Greystone Bel’s Chicago office represented the seller, a family office.

April 12, 2021

Development Illinois Industrial Midwest

Opus Completes Headquarters Building for WEN Power Tools in West Dundee, Illinois

by Kristin Harlow April 12, 2021

WEST DUNDEE, ILL. — The Opus Group has completed the headquarters for WEN Power Tools in West Dundee, a far northwest Chicago suburb. The 180,623-square-foot build-to-suit features 4,000 square feet of office space, a 1,900-square-foot showroom, 21 dock doors, two drive-in doors and a clear height of 32 feet. Additionally, there is a 2,000-square-foot office buildout on the north side of the building that WEN will lease out on a short-term basis. WEN consolidated its three local facilities and workforce to streamline warehouse and distribution operations at the new headquarters. Opus provided development services and also served as design-builder, interior designer, architect and structural engineer. This is the eighth project that Opus has completed in Oakview Corporate Park.

April 12, 2021

Newer Posts

Older Posts