BATTLE CREEK, MICH. — Industrial Partners USA has purchased 55 acres in Battle Creek with plans to develop a 270,000-square-foot speculative industrial building. Battle Creek Unlimited (BCU) sold the land for an undisclosed price. Project plans call for 7,000 square feet of office space, 16 truck docks and 130 car parking spaces. Industrial Partners USA is a joint venture between Clark Logic and Great Lakes Capital. The developers expect to break ground later this summer with completion slated for March 2021. The total investment is estimated at $11 million. BCU is a nonprofit corporation that serves as the business and economic development arm for Battle Creek.
CHICAGO — Interra Realty has brokered the sale of 943 N. Crosby St., a 27-unit multifamily rental building in Chicago’s River North neighborhood, for $9.5 million. Built in 2018, the property offers 21 one-bedroom units and six two-bedroom units. It also features one commercial space, which is home to Premium Cabinets of Chicago. Amenities include garage parking, bike storage and a rooftop deck with grilling area. Joe Smazal of Interra represented the buyer, Recon Properties LLC. Recon Management Services Inc. will assume management of the property. Metro Park LLC was the seller.
AKRON, OHIO — LSI Industries has relocated from North Canton to a 46,360-square-foot industrial facility in Akron. LSI, a producer of lighting solutions, purchased the property from developer Industrial Commercial Properties (ICP). The facility is located at 5127 Boyer Parkway. Tim Breckner of Colliers International represented LSI in the sale. ICP worked closely with LSI to coordinate a tenant buildout.
TERRE HAUTE, IND. — Thompson Thrift Retail Group (TTRG) has sold a multi-tenant retail building in Terre Haute for $2.2 million. Birmingham, Ala.-based Sanders Capital Partners purchased the asset. Known as Honey Creek Pointe, the 7,871-square-foot building is fully leased to Five Guys, ATI Physical Therapy, Royal Nails and Sports Clips. TTRG completed development of the property in 2016. Carly Gallagher Kelly and Rick Drogosz of Mid-America Real Estate represented TTRG in the sale.
PONTOON BEACH, ILL. — Contegra Construction Co. has completed construction of a 544,000-square-foot warehouse in Pontoon Beach, just northwest of St. Louis. It is the first building at NorthPoint Development’s Gateway Tradeport, a 600-acre, 7.5 million-square-foot industrial park. The new property features a clear height of 36 feet, 56 dock doors and parking for 157 trailers. The project team included JF Electric Co., Fennix Construction Co., Affton Fabricating & Welding Co. Inc., Bi-State Fire Protection Corp., Icon Mechanical, Kamadulski Excavating and Grading Co. Inc., Krudwig Structural Engineers, RCS Construction, Focal Pointe Landscaping, Wiese USA and Christian Brothers Asphalt Inc.
ELGIN, ILL. — Meridian Design Build has completed construction of two speculative industrial buildings for developer Scannell Properties in Elgin. A 325,020-square-foot building at 2451 Bath Road features a clear height of 36 feet, four drive-in doors, 367 auto parking spaces and 56 trailer stalls. The second property, an 80,400-square-foot facility at 1755 Britannia Drive, features a clear height of 32 feet, two drive-in doors and 92 auto parking spaces. The building can accommodate up to 19 loading docks and as many as three tenants. Paul Woody Architects provided architectural services and Manhard Consulting provided civil engineering services. Kenneth Franzese and John Cassidy of Lee & Associates are marketing the buildings for lease.
CHICAGO — J.C. Anderson has been selected to complete a 150,000-square-foot office buildout for West Monroe Partners at 311 W. Monroe St. in Chicago. Founded in 2002, West Monroe Partners is a national consulting firm with seven offices throughout the country. The firm is relocating from 222 W. Adams St. J.C. Anderson will build out additional offices, open areas, phone rooms, conference rooms and collaborative work areas. The multi-floor project will include a break room on each floor as well as a reception area on the 14th floor and a new staircase leading up to the 15th floor. Completion is slated for October. The 15-story office building spans 382,490 square feet in Chicago’s Loop.
SKOKIE, ILL. — Georgia Nut Co., a manufacturer of nuts and candy, has renewed its 123,000-square-foot industrial lease at 7500 Linder Ave. in Skokie. The industrial food processing facility features eight docks, 9,000 square feet of office space, a retail store and a clear height of 23 feet. Ned Frank and Pat Hake of Colliers International represented the owner, LINK. The lease enables Georgia Nut to receive tenant improvements for its operations.
OMAHA, NEB. — Marcus & Millichap has arranged the sale of a 129-room La Quinta hotel in Omaha for an undisclosed price. Built in 1981, the two-story property is located at 3330 N. 104th Ave. Ebrahim Valliani, Allan Miller and Chris Gomes of Marcus & Millichap marketed the hotel on behalf of the seller, a private investor. The team also secured and represented the buyer, a private investor.
TWINSBURG, OHIO — Cornerstone Business Park in Twinsburg, a southern suburb of Cleveland, is now fully leased. Lowe’s will lease 180,000 square feet within the park’s most recently delivered asset, a 276,000-square-foot speculative building at 8601 Independence Parkway. Lowe’s will use the space as a distribution center. Terry Coyne of Newmark Knight Frank represented the owners and developers, Scannell Properties and DiGeronimo Cos. JLL represented Lowe’s. Cornerstone Business Park is located on the site of the former 1.8 million-square-foot Chrysler stamping plant. Scannell plans to add a final 279,000-square-foot speculative building at the park. Other tenants at Cornerstone include FedEx, Amazon, O’Reilly’s Auto Parts and Bridgestone.