BURNSVILLE, MINN. — ShopJimmy.com, an e-commerce company that sells TV parts to businesses and consumers, has leased 289,130 square feet of warehouse space at 2300 West Highway 13 in Burnsville, a submarket of Minneapolis. The transaction represents one of the largest industrial leases year-to-date in the Twin Cities market. Mike Koehler of Premise Commercial represented the tenant in the transaction. Bryan Van Hoof, Jeff Przytarski and Tom Bennett of CBRE Group represented the landlord, First Industrial Realty Trust.
WAUKESHA, WIS. — Ramco Gershenson Properties Trust has acquired Phase II of The Shoppes at Fox River retail center in Waukesha from Opus Development Corp. The company also purchased 12.2 acres of adjoining land. The second phase of the center broke ground in May 2012 and totals more than 47,000 square feet. Tenants include T.J. Maxx, Ulta Salon and Cosmetics and rue21. Ramco also acquired the first phase of the property in 2010, which totals 273,000 square feet.
FARMINGTON HILLS, MICH. — Alidade Capital has acquired 224,000 square feet of office space at Technology Park, located at 27200-27300 Haggerty Road in Farmington Hills. Bruce Morrison and John Gordy of Signature Associates represented the seller, Principal Financial, in the transaction.
CLEVELAND — Paran Management Co. has acquired Broadway Shoppes, a 129,538-square-foot neighborhood shopping center in Cleveland. The center is located at 6835 Broadway Ave. and tenants include MetroHealth, Dollar General, Subway, Aldi and Revol Wireless.
PEORIA, ILL. — Johnson Capital has arranged a $6.8 million loan for the refinancing of a 76-room Hampton Inn & Suites hotel property in Peoria. The borrower is a private regional owner with significant hospitality and nursing home assets. Richard Caterina of Johnson Capital arranged the 10-year, non-recourse loan, which was funded by a CMBS lender. The property is located nine miles from Peoria's downtown riverfront area and was built in 2009.
GARDEN CITY, N.Y. — Sabre Investment Group has arranged the $7 million sale of a 28,000-square-foot medical facility in Garden City, which is double net leased to Winthrop University Hospital. A private investor purchased the property, located at 975 Stewart Ave., from Cardiovascular Medical Associates. Corey Gluckstal and Guy Canzoneri of Sabre represented both parties in the transaction.
NEW YORK CITY — Madison Realty Capital has acquired a $23.5 million defaulted note for the Breakers at Sheepshead Bay, a 75-unit waterfront residential condominium development at 3112-3144 Emmons Ave. in Brooklyn. TD Bank sold the note. The overall loan purchase price of the property was not disclosed.
LANCASTER, PA. — Global engineering firm Parsons Brinckerhoff has signed a 15-year lease for 80,000 square feet of office space at 4139 Oregon Pike in Lancaster. The firm plans to relocate 150 employees from its current New York location at One Penn Plaza. Occupancy is set for April 2013. Tom McDermott and John Thiry of NAI Commercial Partners represented the building owner, Oak Tree Development Group, in the transaction.
LAWTON, OKLA. — Target has plans to open a new 135,000-square-foot store in Lawton, located on Northwest 82nd Street in the Lawton Marketplace shopping center. Target expects to hire between 200 and 250 employees to staff the new store, which is slated to open in July 2013. Target has announced plans to open 13 stores in 2013.
KATY — MedSpring Urgent Care has opened a new 5,000-square-foot center at 6501 S. Fry Road in Katy. MedSpring will have doctors on-site from 9 a.m. to 9 p.m. seven days a week, including holidays. The center is MedSpring's fifth Houston location and 10th in Texas.