CREST HILL, ILL. — Dougherty Mortgage LLC has arranged a $13 million Fannie Mae loan for the refinancing of Willow Run of Crest Hill, located just north of Joliet. The apartment property, built in 1972, consists of 211 units. The 10-year loan includes a 30-year amortization schedule. Dougherty’s office in Oak Brook, Ill. arranged the loan.
ROMEOVILLE, ILL. — CBRE has arranged the sale of a 188,166-square-foot freezer cooler facility in Romeoville. The sales price was not disclosed. The facility is located at 1020 W. Airport Road. Completed in August 2016, the building is made of reinforced concrete and features 72-foot clear heights. The property is fully leased to Aryzta LLC and supports the company’s adjacent baking facility. Lexington Realty Trust purchased the facility. CBRE’s Andrew Sandquist, JC Asensio and Briggs Goldberg of Chicago and Chris Bosworth, Will Pike and Brian Pfohl of Atlanta represented the undisclosed seller.
JENNINGS, MO. — Store Here Self Storage has acquired a climate-controlled, self-storage facility in Jennings, about 10 miles north of St. Louis. The purchase price was not disclosed. The multi-story building, located at 8319 Jennings Station Road, was formerly a Schnuck’s grocery store before being converted into a self-storage facility in 2016. The building consists of two loading docks and 600 self-storage units, and a total net rentable area of 64,315 square feet. Steve Mellon and Brian Somoza of JLL represented the seller, Jennings Storage Solutions LLC.
MILWAUKEE — The Dickman Co. Inc./CORFAC International has brokered the sale of a 56,077-square-foot industrial building in Milwaukee. The sales price was not disclosed. The building is located at 7630-7664 North 81st St. Ryan 3 Industrial Properties LLC purchased the building from Chili Pepper Properties LLC. Samuel M. Dickman Jr., Samuel D. Dickman and Zach Noble of the Dickman Co. represented both the buyer and seller in the transaction.
FAIRBURN, GA. — Battery giant Duracell Corp. has signed a full-building lease totaling 873,800 square feet of industrial space at Core5 Logistics Center at Shugart Farms, an industrial development located in Atlanta’s I-85/Airport submarket in Fairburn. The Core5 facility will provide Duracell distribution services for all of North America. Sonoco, a global diversified packaging company, will support Duracell’s new battery packaging operation, and DHL will handle the logistics. Kris Bjornson and Bill Kee of JLL represented the tenant in the lease deal. Cushman & Wakefield represented the landlord, Core5 Industrial Partners.
ORLANDO, FLA. — Stan Johnson Co. has arranged the $28 million sale of 14 restaurants in Central Florida leased to Ker’s WingHouse, now known as WingHouse Bar & Grill. STORE Capital, a single-tenant, net-lease real estate investment firm, purchased the 89,282-square-foot portfolio. Joshua Pardue of Stan Johnson’s New York City office led the brokerage team in the transaction.
MOORESVILLE, N.C. — KeyBank Real Estate Capital has arranged a $27.8 million Freddie Mac loan for Carriage Club Apartments, a 268-unit apartment community located in Mooresville, about 28 miles north of Charlotte. The property was built in 2000 and renovated in 2005. Timothy DeWispelaere of KeyBank arranged the three-year, interest-only loan, which the borrower will use to acquire and renovate Carriage Club.
RALEIGH, N.C. — Covenant Capital Group has sold Regency Place Apartments, a 180-unit, garden-style apartment community located at 6210 St. Regis Circle in west Raleigh. Towne Properties purchased the property, its first acquisition in the Southeast, for $20.8 million free and clear of existing debt. Regency Place comprises nine three-story buildings with a mix of one- and two-bedroom units averaging 848 square feet. Covenant Capital Group upgraded the property’s amenities, exteriors and unit interiors over the past two years. Justin Good, Allan Lynch, Jeff Glenn and Jason Nettles of HFF represented the seller in the transaction.
SHREVEPORT, LA. — Transwestern has arranged the $9 million sale of East Side Plaza, a 78,761-square-foot shopping center located at 7460 Youree Drive in Shreveport. Dalton Street Properties purchased the shopping center from Eastside Dunhill. Built in 2004, the property’s tenant roster includes Michael’s, Guitar Center, Dollar Tree and Cato. Fred Victor of Transwestern represented Eastside Dunhill in the transaction.
NEWPORT BEACH, CALIF. — Lyon Living has received $388.4 million in loans to refinance a seven-property multifamily portfolio located in California and Colorado. The 2,152-unit portfolio consists of Trabuco Highlands in Trabuco Canyon, Calif.; The Vineyards in Anaheim, Calif.; The Arbors in Lake Forest, Calif.; Sedona in Placentia, Calif.; Monarch Coast in Dana Point, Calif.; Capistrano Pointe in San Juan Capistrano, Calif.; and Autumn Chase in Highlands Ranch, Colo. The portfolio was 94 percent leased at the time of financing. Charles Halladay, Sebastian Trujillo and Lauren LaFever of HFF worked on behalf of Lyon Living to secure the financing in seven separate loans placed with Freddie Mac’s CME Program. HFF will service the securitized loans, each of which has a fixed-rate term of 10 years with a minimum five years of interest-only payments. Loan proceeds were used to refinance expiring debt on the properties. Newport Beach-based Lyon Living develops, owns and operates a portfolio of multifamily communities in California, Colorado, Georgia and Florida. — Katie Sloan
