PEARLAND, TEXAS — NAI Partners has arranged the sale of 4155 S. Main St., a 30,500-square-foot, crane-served industrial property situated on 8.4 acres in the Houston metro of Pearland. Clay Pritchett of NAI Partners represented the buyer, DMP Acquisition Fund LLC, in the transaction. Walter Menuet of Colliers represented the seller, Cornerstone Bank.
CHICAGO — SVN | Chicago Commercial has arranged the sale of a multifamily portfolio totaling 312 affordable units in Chicago for $26.4 million. The two properties are located at 12141 S. Indiana Ave. and 10010 S. Sayre Ave. Cody Doran and Reid Bennett of SVN represented the sellers, Indian Trails Apartments LP & Ridge Garden Apartments LP. The buyer was not disclosed.
CHICAGO — Avison Young has brokered the sale of a 167,968-square-foot warehouse and distribution facility in Chicago’s New City neighborhood. The property, located at 4330 S. Racine Ave., features 20-foot clear heights and four interior truck docks. Edsal Sandusky, a Tennessee-based storage and container manufacturer, purchased the property. The company currently occupies 125,000 square feet within the building. International Laser Products, a re-manufacturer of laser printer toner cartridges, occupies the remaining 42,968 square feet. John Moysey of Avison Young represented the owner, 4330 South Racine LLC, in the sales transaction. Cushman & Wakefield represented Edsal Sandusky.
FORT WAYNE AND MERRILLVILLE, IND. — Englewood Construction has completed the ground-up construction of three new restaurants: a BJ’s Restaurant and Brewhouse in Fort Wayne, Ind., an Outback Steakhouse in Merrillville, Ind. and an Eddie V’s in Troy, Mich. The 7,525-square-foot BJ’s Restaurant and Brewhouse is located next to Glenbrook Square Mall along Coliseum Boulevard in Fort Wayne. BJ’s, a pizza and burger restaurant, was designed by Dublin, Ohio-based WD Partners. Englewood completed a 6,494-square-foot Outback Steakhouse at 1590 E. Lincoln Highway in Merrillville for Bloomin’ Brands. The company chose to move from a nearby location. The Roberts Group was the project architect. North of Detroit, Englewood completed construction of a 9,698-square-foot Eddie V’s restaurant in Troy. Scheduled to open in June, it is the 16th Eddie V’s location for Orlando, Fla.-based Darden Restaurants Inc. Located at 2100 W. Big Beaver Road, the restaurant will feature seafood, cocktails and live music from jazz musicians. Designers of Progressive Architecture was the project architect.
NORTH RIDGEVILLE, OHIO — Marcus & Millichap has brokered the sale of a 15,000-square-foot retail property net leased to Walgreens in North Ridgeville, about 22 miles southwest of Cleveland, for $5.4 million. Dan Yozwiak of Marcus & Millichap marketed the property on behalf of the seller, a private investor. Melinda Marston of JRW Realty represented the buyer, a California-based private fund.
CHICAGO — Horizon Realty Services has arranged two retail leases for Kilwins in the Chicago area. The chocolate and ice cream store leased 1,409 square feet at the vintage Metropolitan Tower building located at 310 S. Michigan Ave. in Chicago’s South Loop. The store is slated to open this summer. In Naperville, Kilwins leased a former restaurant space totaling 1,864 square feet. Located at 36 W. Jefferson Ave., the store is slated to open in the first quarter of 2018. Kilwins maintains approximately 114 stores nationally, seven of which are in the Chicago market. Stuart Lenhoff and Jason Lenhoff of Horizon Realty brokered the lease transactions on behalf of Kilwins.
ATLANTA — The Dilweg Cos. has acquired The Pointe, a two-building office development located in Atlanta’s Central Perimeter submarket. The seller and sales price were not released, but the Atlanta Business Chronicle reports that Dilweg purchased the project for $46 million. The buildings total 418,000 square feet and were built in 1981 and 1985. The Pointe was 66 percent leased at the time of sale to tenants including Cisco, Compass Group and Ecova. Dilweg plans to invest more than $3 million to improve the building’s operating systems, common areas and tenant amenities. The purchase of The Pointe brings Dilweg’s Atlanta office holdings to nearly 2 million square feet. CBRE represented the undisclosed seller in the transaction.
OCOEE, FLA. — Bluescope Buildings North America Inc. has broken ground on two industrial buildings within The Park @ 429 spanning 441,117 square feet. The industrial park is situated in Ocoee, roughly 12 miles west of Orlando. The two rear-load buildings feature 30- and 32-foot clear heights, dock doors, drive in doors, truck courts and ESFR sprinkler systems. The park has immediate access to the Western Beltway, Florida’s Turnpike, the East-West Expressway and State Route 50. Cite Partners is marketing The Park @ 429 on behalf of the owner, The 429 LLC, according to the Orlando Business Journal.
COLLIERVILLE, TENN. — Kevin Hyneman Cos. plans to build a new 55,000-square-foot headquarters facility for Mueller Industries, a plumbing and HVAC parts manufacturer. The new headquarters building, which will house 125 Mueller employees, will cost approximately $11.4 million to develop. The facility will be situated within the 450-acre Boyle Schilling Farms mixed-use development, which is home to companies such as Helena Chemical, MCR Safety and Juice Plus. Mueller, a Fortune 1000 firm, expects to occupy the new office space in late 2018.
NASHVILLE, TENN. — NorthMarq Capital has arranged an $8.1 million acquisition loan for Polk Avenue Industrial, a 284,000-square-foot flex facility located in Nashville near the Lane Motor Museum. Susan Branscome of NorthMarq Capital’s Cincinnati office arranged the financing through an unnamed life insurance company.
