DES PLAINES, ILL. — Brennan Investment Group LLC has sold its newly developed industrial facility in Des Plaines in the O’Hare submarket. The Class A distribution building is located at 1780 Birchwood Ave. Developed in partnership with DLJ Real Estate Capital Partners, the 139,425-square-foot building was sold to Morgan Stanley’s Prime Property Fund. The property is fully leased to Pet Food Experts and Cambria Co. Jonathan Kohn and Thomas Rodeno of Colliers International represented Brennan Investment Group in the lease-up of the property. Steven Disse and Jeffrey Devine of Colliers International represented Brennan in the sales transaction. Keeley Construction was Brennan’s general contractor and The PrivateBank provided construction financing.
MILWAUKEE — The Dickman Co. Inc./CORFAC International has negotiated the lease of 114,844 square feet of industrial space in Milwaukee. Southern Star Buske LLC, a limited liability company, will occupy the industrial/office space at 7501 N. 81st St. TJ Huenerbein of the Dickman Co. represented the tenant. Jeff Hoffman of The Boerke Co. Inc. represented the landlord, WMI Milwaukee LLC.
BURNSVILLE, MINN. — CBRE has arranged the sale of Woods of Burnsville in Burnsville, 15 miles south of Minneapolis. The 400-unit apartment community is located at 14701 Portland Ave. South. The property includes newly renovated units ranging from studios to three bedrooms. Community amenities include a clubhouse, fitness center, outdoor playground, picnic areas, swimming pool and volleyball and tennis courts. Keith Collins, Abe Appert and Laura Hanneman of CBRE represented the seller, Waterton. A Philadelphia-based REIT was the buyer.
BROOKFIELD, WIS. — Colliers International has brokered the lease renewal of 87,786 square feet of office space in Brookfield. Old Republic Insurance Co. has renewed a 74,077-square-foot lease while expanding to an additional 13,709 square feet at Deer Creek Corporate Center. Lyle Landowski and Joe Lak of Colliers International brokered the deal.
WARREN, MICH. — Signature Associates has negotiated a 6,700-square-foot industrial lease in Warren, a suburb of Detroit. The building is located at 24525-24585 Forterra Drive. Paul Saad and Ben Wilkiemeyer of Signature Associates represented the landlord, Forterra Associates LLC. Wilkiemeyer also represented the tenant, Advanced Therapeutics. The medical equipment provider is based in Clinton, Mich.
NEW YORK CITY — Eastern Consolidated has brokered the sale of a 13-buildng multifamily portfolio located in Manhattan’s Inwood section. A private real estate investor acquired the portfolio from the long-term private owner for $63.6 million. The portfolio consists of 13 five-story walk-up buildings located on Sherman, Post and Vermilyea avenues and Academy Street. The properties offer a total of two retail stores and 359 residential units in a mix of 93 one-bedroom, 210 two-bedroom, 51 three-bedroom and five superintendent units. Ron Solarz and Matthew Sparks of Eastern Consolidated represented the seller and procured the buyer. Gary Meese, also of Eastern Consolidated, was the analyst for the transaction.
NEW YORK CITY — Cushman & Wakefield has arranged the sale of four buildings in Brooklyn. Robert Burton and Keegan Mehlhorn of Cushman & Wakefield represented the undisclosed seller in the transactions, which totaled $27.5 million. The portfolio includes 975 Washington Avenue, a 36,732-square-foot, 44-unit multifamily property that sold for $10.5 million; 762 E. Third Street, 32,000-square-foot, 42-unit multifamily building that sold for $8.5 million; 1812 East 18th Street, a 29,500-square-foot, 34-unit multifamily property that sold for $7.6 million; and a 2,133-square-foot industrial property located at 5614 Third Ave., which sold for $850,000. The names of the buyers were not released.
NEWINGTON, CONN. — Ebben Realty has purchased Stonegate Apartments in Newington for $6.8 million, or $114,166 per unit. The property features 20 one-bedroom units and 40 two-bedroom units ranging in size from 950 square feet to 1,043 square feet. Rick Chozick and Steve Pappas of Chozick Realty Brokers represented the seller, Rowaban Holdings, and procured the buyer in the transaction.
PENNSAUKEN, N.J. — Colliers International has brokered the sale of an industrial and office building located at 1700 Suckle Highway in Pennsauken. Edison Lithograph and Printing acquired the property for $4.2 million. The printing company plans to expand its operations at the 114,000-square-foot facility. Situated on 7.7 acres, the building features 18-foot clear heights, tailgate and drive-in loading, abundant parking, heavy power and highway frontage on Route 130. The seller, Hill-Rom, is relocating to a renovated facility in Moorestown, N.J. Marc Isdaner of Colliers represented the seller, while Scott Mertz of NAI Mertz Corp. represented the buyer in the deal.
PHILADELPHIA — GM Global LLC has purchased a manufacturing and warehouse facility located at 9999 Global Road in Philadelphia. 9999 Global LLC sold the property for $1 million. The 22,900-square-foot facility features a two-story office area, two tailgate loading doors and one drive-in door. Sean Durkin of Roddy Inc. represented the seller in the deal.