Industrial

EDWARDSVILLE, MO. — Scott Credit Union has purchased a 15.10-acre land parcel at the southeast corner of Illinois Route 143 and Staunton Road in Edwardsville. Florists’ Mutual Insurance Co. dba Hortica sold the property, which is located within Edwardsville Corporate Centre, for $1.39 million or $2.13 per square foot. BarberMurphy Group represented the buyer; Rudy Stinnett, Paul Nagel and Andrew Bagy of Grubb & Ellis|Gundaker Commercial represented the seller in the transaction.

MINNEAPOLIS — Minnesota-based KleinBank has chosen LFC Group of Companies to auction off its more than 80 REO properties located throughout the Minneapolis and St. Paul metro region. The properties, which range from residential lots in Northfield and Shakopee to large commercial buildings in Minneapolis, have a combined suggested value of more than $10 million. The online auction is believed to be the first of its kind in the Twin Cities area. Assets up for bidding include Washington Place, a large industrial/office warehouse in Minneapolis with a minimum bid of $499,000; a 2,200-square-foot retail/office facility in the Union Park area of St. Paul with a minimum bid of $39,000; 1,536-square-foot office condominiums within North Meadow Office Complex in Chaska; and a historic office building in downtown Shakopee. The online auction is currently under way with a scheduled bid deadline of September 30, 2010.

WEST BEND, WIS. — Koness Properties LLC has acquired a 105,024-square-foot industrial property in West Bend. Milliken Enterprises-Wisconsin LLC sold the property, which is located at 529 N. River Rd., for an undisclosed price. Brian Parrish of The Dickman Company Inc./CORFAC International represented the buyer; Kevin Barry and David Buckley of Cassidy Turley Barry represented the seller in the transaction.