SHILOH, ILL. — IMPACT Strategies has completed construction of the TAMAR II Office Building in Shiloh. The property is located at 1116 Hartman Lane. The $2 million project began in July 2014 and was completed three weeks ahead of its scheduled completion in January. TAMAR Properties is the owner and developer. The office building will primarily serve as HSHS Medical Group’s new 5,500-square-foot multi-specialty medical clinic. The building’s additional space will be occupied by Fulford Homes starting in March. IMPACT Strategies project manager Will Stajduhar managed the project along with project assistant Kari Stevens and superintendent Jason Jones. EWR Associates Inc. of Fairview Heights provided architectural services for the project.
CHICAGO — Essex Realty Group Inc. has arranged the $690,000 sale of an apartment property in Chicago. The 25-unit courtyard building is located at 7038 S. Chappel Ave. in Chicago’s South Shore neighborhood. The property is situated just one half-block from the intersection of the 71st Street commercial corridor and Jeffery Boulevard. Doug Imber and Bob O’Connell of Essex represented the seller and Jordan Gottlieb of Essex represented the buyer in the transaction.
SKOKIE, ILL. — STREAM Capital Partners has brokered the sale of a 73,000-square-foot retail property in Skokie. The property is under a long-term lease to Floor & Decor, a national retailer of flooring and tile products. Clark Street Development, a Chicago-based real estate company, sold the property to a private REIT for an undisclosed sales price. Jonathan Wolfe and Jordan Shtulman of STREAM Capital Partners represented the seller.
MESA, ARIZ. — A joint venture between Domain Acquisitions and BH Equities has acquired the 472-unit Midtown on Main Apartments in Mesa for $35 million. The Class B community is located at 2121 West Main Street. Midtown is situated southeast of the Loop 101 and 202 interchange, and west of Dobson Road. It is located directly on the Metro Light Rail line that connects Mesa to Tempe, Sky Harbor International Airport and Metro Phoenix. Common-area amenities include a 10,000-square-foot recreation facility with indoor basketball and racquetball courts, three swimming pools, sand volleyball court, covered children’s play area and gas barbecue facilities. The seller was Bay Club Partners. The transaction was executed by Cindy and Brad Cooke of the Colliers Cooke Team.
SAN JOSE, CALIF. – ASML US has leased 92,842 square feet of creative office space at THE Campus in San Jose. The property is located at 399 Trimble Road. This building is also occupied by Verizon Corporate Services. ASML US was represented by Jeff Ramirez of Newmark Cornish & Carey. Bixby Land Company was represented by CBRE’s Christian Marent, Rob Shannon and Vincent Scott.
RENO, NEV. – Moldman Systems has leased 35,100 square feet of distribution space at Reno Aircenter. The space is located at 4649 Aircenter Circle in Reno. Moldman is a low-pressure injection molding machine developer and distributor. The landlord, IndCor Properties, was represented by J. Michael Hoeck, Dave Simonsen, Michael Nevis and Steve Kucera of The NAI Alliance Industrial Properties Group.
SPARKS, NEV. – The Villagio Apartments, a 40-unit multifamily property in Sparks, has sold to an unnamed buyer for $2.8 million. The community is located at 1850-1852 Merchant Street. It was built in 1979 and is fully occupied. The seller, a limited liability company, was represented by Kenneth N. Blomsterberg and Ryan Rife of Marcus & Millichap’s Reno office.
GLENDALE, CALIF. – LA Fitness and Buffalo Wild Wings have announced plans to open at Glendale Marketplace this year. The retail center is located at 106 South Brand Blvd. in the Los Angeles Tri-City submarket of Glendale. LA Fitness and Buffalo Wild Wings are both in expansion mode. They will be joined by AT&T, which also plans to open at the 153,000-square-foot marketplace this year. The center is owned by Cypress Equities.
MIAMI BEACH, FLA. — CBRE’s hotel and capital markets multifamily divisions have brokered the $21.6 million sale of Canyon Ranch Hotel and Spa at 6801 Collins Ave. in Miami Beach. Z Capital Partners LLC purchased the asset via a bankruptcy auction. The United States Bankruptcy Court Southern District of New York approved Z Capital Partners as the buyer. The private equity firm plans to reposition the asset into a five-star hotel called the Carillon Hotel and Spa, which will consist of 150 rooms. The hotel features 750 feet of beachfront and is located adjacent to L’Atelier, a 20-story condominium tower currently under construction. The new hotel will be managed by a new joint venture consisting of Z Capital; Adrian Zecha, founder of Amanresorts and GHM Hotels Ltd.; and Jonathan Breene, developer and creator of The Setai, South Beach.
ALBANY, GA. — Hart Corp. has brokered the sale of a 473,132-square-foot industrial facility in Albany, a city in South Georgia. The seller, Bridgestone America Tire Operations, sold the asset to Clark Associates Inc., an online supplier of restaurant equipment, for an undisclosed amount. CBRE represented Bridgestone in the transaction, and Jim Belcher and Bart Hardison of Hart Corp. represented Clark Associates. Justin Strickland of the Albany/Dougherty Economic Development Commission and Walt Farrell of the Georgia Department of Economic Development assisted in the transaction.