MILWAUKEE — Dave’s Guitar Shop LLC has signed a 5,209-square-foot retail lease in Milwaukee. The guitar store will occupy the space at 914 S. 5th St. Max Jacobson and Drew Speth of Mid-America Real Estate-Wisconsin LLC represented the tenant in the lease transaction. The landlord was not disclosed. Dave’s Guitar Shop first opened in La Crosse, Wis. in 1982.
STILLWATER, MINN. — The Lodge, a 139-unit senior living community, has opened in Stillwater, about 30 miles east of Minneapolis. The Lodge is the first phase of three planned phases at The Lakes at Stillwater, a $70 million senior campus near Long Lake managed by The Goodman Group. The Lodge offers independent living, assisted living, memory care and care suites for rent. The Goodman Family Operating Foundation and Intergenerational Living & Health Care Inc. are co-owners of ILHC of Stillwater LLC, the parent company of The Lodge at The Lakes at Stillwater. Phase II, Birchwood Landing, is underway and will offer 30 two-bedroom lake homes for rent. Phase III, Sandhill Shores, will offer 70 one- and two-bedroom luxury apartment residences for ages 55 and up. The Goodman Group expects to employ more than 70 individuals and serve more than 139 residents. JBG Design & Development is the development partner.
OMAHA, NEB. — CBRE Group Inc. has acquired its longtime affiliate serving the greater Omaha area, CBRE | MEGA. Founded in 1975, CBRE | MEGA is one of Omaha’s largest full-service commercial real estate services firms, with more than 100 professionals providing sales, leasing and project management services. The firm manages a portfolio of more than 5.5 million square feet and has been a CBRE affiliate since 2000. CBRE in Omaha will continue to be led by Bennett Ginsberg, who will serve as managing director.
INDIANAPOLIS — U-Haul has transformed a former Kmart property located at 7425 E. Washington St. in Indianapolis into a self-storage facility. The 178,963-square-foot building now holds 598 climate-controlled units. Customers also have access to moving supplies and U-Box portable storage containers. U-Haul also plans to offer outdoor self-storage at the 12.5-acre site. Originally constructed in 1969, the building had stood vacant since 2014.
HILLIARD, OHIO — Marcus & Millichap has arranged the $3.7 million sale of a 5,525-square-foot property net leased to S&T Bank in Hilliard, a suburb of Columbus. The build-to-suit, completed this year, is located at 4599 Cemetery Road. Dan Yozwiak and John Reehil of Marcus & Millichap brokered the transaction. Both the buyer and seller were limited liability companies.
KANSAS CITY, MO. — Kirkendall Dwyer LLP and Law Tigers have jointly signed a long-term office lease for 1,474 square feet at the Skelly Building in Kansas City’s Country Club Plaza. The organizations will occupy Suite 208 on the second floor. The building, located at 605 W. 47th St., is now 97 percent occupied. Other tenants include Panera Bread, Bo Lings Chinese restaurant, Footlocker, Roth Living, McDowell Rice Smith & Buchanan, House Park & Dobratz, Block & Co. Inc. Realtors and MegaStar Financial. Alex Block of Block & Co. handled the lease transaction on behalf of property ownership. Kirkendall Dwyer specializes in automotive personal injury. Law Tigers is a national network of motorcycle accident attorneys that focuses more specifically motorcycle personal injury. Block & Co. is the property manager for the Skelly Building.
DUBLIN, OHIO — Commonwealth Hotels has acquired the Courtyard Columbus-Dublin for an undisclosed price. The 147-room hotel is located within five miles of the Muirfield Village Golf Club, a Jack Nicklaus-designed course that is home of the Memorial Tournament, a yearly PGA event. It is also situated 17 miles from downtown Columbus. The hotel includes three meeting rooms spanning more than 1,200 square feet. Guests have access to a fitness center, pool and free Wi-Fi. The seller was not disclosed. Marriott operates the Courtyard brand. Commonwealth Hotels currently manages 48 properties with nearly 5,600 rooms.
WILLOWBROOK, ILL. — Marcus & Millichap has brokered the $5.8 million sale of Willow Commons in Willowbrook, about 25 miles southwest of Chicago. The 58,497-square-foot retail center is situated on 75th Street. At the time of sale, the property was 98 percent leased to a mix of tenants, a majority of which have occupied space at the shopping center for more than 15 years. Adrian Mendoza, Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf of the seller and represented the buyer.
CHICAGO — NorthMarq has arranged a $5.6 million loan for the acquisition of 607 West Oakdale, an 18-unit apartment building in Chicago. The property also features street-level commercial space. Jeff Frankel of NorthMarq arranged the seven-year loan with two years of interest-only payments and a 30-year amortization schedule. A life insurance company provided the loan.
MILWAUKEE — The Dickman Co. Inc./CORFAC International has negotiated the sale of a 450,000-square-foot industrial building in Milwaukee. The property is located at 4265 N. 30th St. Samuel D. Dickman and Samuel M. Dickman Jr. brokered the transaction. Century City Industrial DRS LLC purchased the building from DRS Naval Power Systems Inc. The seller, which is a subsidiary of defense contractor Leonardo DRS Inc., sold the asset for $3.5 million, according to the Milwaukee Journal Sentinel. Leonardo DRS plans to relocate from Milwaukee to Menomonee Falls.