SHOREWOOD, ILL. — Grocery store operator Roundy’s Inc. will open a Mariano’s upscale supermarket in Shorewood, approximately 43 miles southwest of Chicago. A grand opening for the new store, located at 950 Brook Forest Ave., is set for Tuesday, July 15. The Shorewood location is the 10th Mariano’s to open of the 11 former Dominick’s locations acquired by Roundy’s in December 2013. The newest Mariano’s location will add 450 new jobs to the community. Across its 26 locations, Mariano’s has created approximately 10,750 jobs in the last four years. The Shorewood store will provide fresh-squeezed fruit and vegetable juices, house-made Italian sausage and signature Bella cupcakes. The supermarket will also include wines from all regions, a specialty cheese shop as well as a bakery. Mariano’s Shorewood will also offer Vero authentic Italian coffee and gelato shop featuring premium coffees fresh-roasted locally and homemade gelato; a floral department; an International aisle highlighting global cuisine; a dietitian; and a full-service pharmacy.
Property Type
CHICAGO — Reed Construction will complete the renovation of a new simulation lab for Rush University Medical Center in Chicago this August. The property is located at 1717 W. Congress Parkway. The project for Rush University Medical Center will feature the renovation of the existing space to create a new, cutting-edge simulation lab. Simulation labs are learning environments designed to bridge theory and practice in a safe, interactive educational setting. The 8,200 square foot build-out will include the addition of multiple labs, control rooms, debriefing rooms and the associated infrastructure. Scott Pickands, Reed Construction’s executive vice president and project executive, will lead the construction team. Proteus Group is providing architectural services for the project. Rush is a nonprofit healthcare, education and research enterprise comprised of Rush University Medical Center, Rush University, Rush Oak Park Hospital and Rush Health. Rush University Medical Center encompasses a 664-bed hospital serving adults and children.
ROCHESTER HILLS, MICH. — L. Mason Capitani CORFAC International has brokered the sale of a multi-tenant industrial facility to an undisclosed buyer in Rochester Hills. Based on the current net operating income, the 49,686-square-foot building traded at a 9.8 percent capitalization rate. The facility, located at 2703-2727 Product Drive, was fully occupied at the time of sale. TI Automotive and Gexpro are currently tenants at the building. Jason Capitani and Garry Rogers of L. Mason Capitani represented the seller, Kevin Buchanan, in the transaction.
MILWAUKEE — The Dickman Co. Inc./CORFAC International has arranged the lease of a 30,000-square-foot industrial space in Milwaukee. Wenniger Compressor Co. will occupy space located at 3745-55 N. Richards St. Samuel M. Dickman Jr., Samuel D. Dickman and Anthony Huenerbein of the Dickman Co. represented the landlord, Richards Industrial LLC, in the transaction. Tony Haning of Jones Lang LaSalle represented the tenant, Wenniger Electric doing business as Wenniger Compressor Co.
NEW YORK CITY — Eastern Consolidated has arranged the sale of 37-10 Crescent Street, a warehouse property in Long Island City. GMS Seashore sold the 18,000-square-foot property to 37-10 Crescent Street LLC for $6.5 million. A limousine company, whose lease expires in May 2015, currently occupies the one-story building. The lease includes one five-year option and demolition clause that may be exercised with a six-month notice. The asset site totals 36,552 buildable square feet. Peter Carillo and Chad Ian Sinsheimer of Eastern Consolidated represented the seller in the transaction. Additionally, Carillo procured the buyer for the deal. The attorney for the seller was Farrel Fritz, and Seth Stein, Esq. was the attorney for the buyer.
GROTON, MASS. — Senate Construction Corp. has begun construction for the second phase of development at Boynton Meadows, a mixed-use development in Groton. The second phase will include 15 townhouses, ranging from 2,000 to 2,500 square feet with additional walkout and basement space. The second phase is slated for completion in November. The first phase, which is located on Main Street, includes mixed-use first-floor office and retail space, which is occupied by a yoga studio, bakery and dental office. Maugel Architects has designed the mixed-use project to incorporate the colonial architecture of the community while including modern features. Mount Laurel Development LLC is developing the project, which is financed by Bank of New England.
BURLINGTON, MASS. — Suffolk Construction has been selected to perform preconstruction and construction management service for the first phase of the Stilts Infill Master Plan for Lahey Hospital & Medical Center in Burlington. Situated on the academic medical center’s campus, the $60 million project will consist of a 190,000-square-foot addition featuring a new emergency department, shell space and mechanical areas to infill the existing Stilts structure and tie together Lahey’s clinical facility. Construction is slated to begin this fall with completion slated for 2017. Suffolk has partnered with architect firm Freeman White on the project, which has been designed to achieve LEED Silver certification.
WELLS, MAINE — Boston-based Fantini & Gorga has arranged $2.3 million in first mortgage acquisition financing for Wells Corner Shopping Center, located at 1517 Post Road in Wells. Developed in the 35,400-square-foot center is occupied by Wells IGA Food Market, Dairy Queen, a laundry mat and a family-style restaurant. Casimir Groblewski and Jason Cunnane of Fantini & Gorga arranged the fixed-rate, five-year loan, which was provided by a Massachusetts-based lending institution, on behalf of Wells Corner Shopping Center LLC, a Maine-based limited liability company.
BOHEMIA, N.Y. — Snapple, along with its parent company Dr. Pepper, has leased 51,734 square feet at 2004 Orville Dr. North in Bohemia. Owned by Rechler Equity Partners, the one-story 106,515-square-foot building offers 24-foot clear ceiling heights and convenient access to Veterans Memorial Highway, the Long Island Expressway and Sunrise Highway. Snapple is moving its Long Island operations to the new facility. Ted Trias of Rechler Equity Partners represented the ownership, while Philip Heilpern of CBRE represented the tenant in the transaction.
HEBRON, TEXAS — Marcus & Millichap arranged the sale of Hebron Plaza, a 14,176-square-foot retail center in Hebron. Philip Levy, vice president of investments in Marcus & Millichap’s Fort Worth office, marketed the property on behalf of the seller, a limited liability company. Hebron Plaza is located at 2425 West Parker Road. The multi-tenant retail center is 92 percent occupied. Tenants include Classy Nails Spa, Crosspointe Church and True Spirits Liquor. The building was constructed in 2008 and sits on nearly 1.6 acres.