Property Type

COLUMBUS, OHIO — PREMIER Design + Build Group has completed Phase II of the Rickenbacker Logistics Park in Columbus. CT Realty is the developer of the 382-acre industrial park. Phase II included three new buildings, expanding the development by more than 2 million square feet. Phase II also involved the construction of Raymond Avenue and Henson Family Street, as well as expanding an existing retention pond. PREMIER also completed tenant improvements for Building 7, a 1 million-square-foot property that is home to a global beverage company. PREMIER recently began work on Phase III, which will add a 773,000-square-foot building. When complete, Rickenbacker Logistics Park will total 4 million square feet. The project team included Harris Architects, Swift Engineering and Verdantas. Mechanical, electrical and plumbing partners included Connelly Electric, MVP Plumbing Corp., Dalmatian Fire and MK Industries Inc.

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BEMIDJI, MINN. — Marcus & Millichap has brokered the $23.2 million sale of the Sanford Health Clinic Portfolio in Bemidji, a city in northern Minnesota. The two neighboring medical office buildings total 74,700 square feet. Seth Haron, Ashish Vakhariya and Darin Gross of Marcus & Millichap represented the seller and collaborated with Marcus & Millichap’s Sykes Cargile and Rob Lyons in representing the buyer. Jon Ruzicka of Marcus & Millichap assisted in closing the transaction. The properties sit adjacent to the Sanford Health Bemidji Medical Center and Sanford WoodsEdge senior living campus. Sanford Health is the largest rural health system in the U.S. and the primary employer in the Bemidji area.

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CHICAGO — Interra Realty has negotiated the $3.4 million sale of a four-property apartment portfolio totaling 14 units in Chicago’s Lincoln Park neighborhood. The portfolio consists of two apartment buildings, a single-family home with coach house and a vacant lot. Joe Smazal of Interra represented the buyer and seller, both local private investors. The properties were recently renovated with updated kitchen cabinets, appliances and bathroom vanities as well as refreshed common areas.

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WHEELING, ILL. — Associated Bank has provided a $2.7 million loan for the acquisition of a 58,174-square-foot warehouse in the Chicago suburb of Wheeling. Located on Messner Drive adjacent to the Chicago Executive Airport, the fully leased property is home to Ashland Millwork and Cadence Inc. Daniel Barrins of Associated Bank originated the loan on behalf of the borrower, The Missner Group/Greystar-Thackeray.

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WOODSTOCK, ILL. — Entre Commercial Realty has arranged the sale of a 17,600-square-foot truck maintenance and trailer parking facility in Woodstock, about 50 miles northwest of Chicago. The sales price was undisclosed. Located at 14400 Washington St., the property features more than seven acres of outdoor storage and trailer parking. Kevin Kaplan of Entre represented the seller, CTS Group of Cos. LLC. Andrei Andronic of Remax represented the buyer, Esquire Logistics.

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410-17th-St-Denver-CO

DENVER — Cress Capital has acquired The 410, a 24-story office building in downtown Denver, for an undisclosed price. Situated at 410 17th St., the property consists of 440,000 square feet of office space and a detached eight-story parking structure. The building underwent a major renovation in 2021 and offers amenities such as a fitness center, conference and training facilities, an outdoor tenant lounge and a coffee bar. Cress, in collaboration with Denver-based E2M Ventures, acquired the loan on the property earlier this year and subsequently negotiated a deed-in-lieu of foreclosure with the prior owner.

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4982-Hallmark-Pwky-San-Bernardino-CA

SAN BERNARDINO, CALIF. — Bixby Land Co., in partnership with a global investment manager, has sold a 340,080-square-foot industrial facility located at 4982 Hallmark Pkwy in the Inland Empire city of San Bernardino. Built in 2018, the building features 32-foot clear heights, ESFR sprinklers, 47 dock-high doors and two grade-level doors. At the time of sale, the property was fully leased to two tenants. Mark Detmer, Patrick Nally, Ryan Sitov and Evan Moran of JLL represented the seller and procured the buyer, Dallas-based Dalfen Industrial, in the transaction. Kevin Mackenzie and Brian Torp, Mike McCrary, Patrick Wood, Ruben Goodsell and Jeff Bellitti of JLL also assisted in closing the deal.

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6100-Stevenson-Blvd-Fremont-CA

FREMONT, CALIF. — Northmarq has brokered the $23.4 million sale of three office and industrial buildings that are located within Stevenson Business Park in Fremont. Built in 1999 and renovated in 2021, the buildings total 116,780 square feet and formerly served as the regional office for the seller, The Men’s Warehouse. Chase Dominguez of Northmarq represented The Men’s Warehouse in the deal. The buyer was a undisclosed, California-based private investor.

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2145-Market-St-San-Francisco-CA

SAN FRANCISCO — JLL has arranged the $9.3 million sale of a 29,762-square-foot retail property located at 2145 Market St. in San Francisco. Pacific Capital purchased the property from a private family trust. The site comprises two parcels totaling 0.36 acres and houses a two-story retail building that is fully leased to Walgreens and Live Fit Gym, as well as a subterranean parking garage. Eric Kathrein, Warren McClean, Andrew Spangenberg and Jen Mistretta of JLL represented the seller in the transaction.

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OGDEN, UTAH — Philadelphia-based CenterSquare lnvestment Management has purchased Ogden Commons, a 19,723-square-foot shopping property in Ogden. Ogden Commons features three buildings with wrap-around drive-thrus. At the time of sale, the property was 100 percent leased to an array of national tenants. The seller and sales price were not disclosed.

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