INDIANAPOLIS — Ascension Health Ministry Service Center has acquired a 150,000-square-foot office building at 4040 Vincennes Circle in Indianapolis. The seller was Eleven Fortune Park LP, a subsidiary of the IBUS Co., who has owned the building since 1989. Ascension Health, a Catholic and nonprofit health system, is the primary tenant in the building, which was renovated in 2011 for its use. Rebecca Wells and Jon Owens of Cassidy Turley and Ronald Foster of Echelon Realty Advisors represented the seller in the transaction. The buyer was self-represented.
COLUMBUS, OHIO — Pace Financial Group has arranged $8.6 million in financing for Waterloo Crossing, a 91,254-square-foot retail center in Columbus. PNC Bank provided the loan to the borrower, the Casto Group.
AURORA, ILL. — Magnetrol has purchased a 220,000-square-foot industrial building within the Meridian Business Campus at 705 Enterprises St. in Aurora. Situated on 10 acres, the facility includes 300,000 square feet of Class A office space, 20 interior docks and contains a 22-foot clear ceiling height. Eric Tresslar of NAI Hiffman represented the seller, GCR Corp., in the transaction. David Friedland of Newmark Grubb Knight Frank represented the buyer.
AURORA, ILL. — ROC Inc. has acquired a 69,630-square-foot flex building at 3600 Thayer Court in Aurora. The single-story building is located five miles from Interstate 88 and is 7 percent leased. The building features two exterior docks, three drive-in doors and 18-foot clear ceilings heights. Adam Tarantur and Randy Podolsky of Podolsky Northstar CORFAC International represented the seller, Jefferson-Pilot Investments, in the transaction. Dave Prioletti of CBRE Group represented the buyer.
SUMMIT, N.J. — Construction is complete on the Summit Executive Center, a 600,000-square-foot Class A office building in downtown Summit. Three tenants have moved into the facility, which is 86 percent leased. A partnership between industry veteran Mark Yeager and Normandy Real Estate Partners purchased the property in April 2011 and the renovation began immediately thereafter. The construction included a 25,000-square-foot addition and high-end finishes.
NEW YORK CITY — Burlington Coat Factory opened its new 92,000-square-foot flagship store in New York City's Union Square. The store is located at 14th Street and University Place and is the retailer's sixth city location. Burlington, a national retail chain that offers clothing, home decor and gifts, plans to hire 500 employees.
MANSFIELD, PA. — Marcus & Millichap has arranged the $840,000 sale of a 4,900-square-foot net-leased Sheetz property in Mansfield. Michael Shover and Matthew Gorman of Marcus & Millichap represented the seller, a developer, in the transaction. They also secured the buyer, a private investor. The property is located at 85 W. Wellsboro St. and was built in 2011. Sheetz is a chain of gas stations and convenient stores owned by the Sheetz family.
RICHMOND — Quantum Real Estate Advisors has brokered the sale of a 6,800-square-foot O'Reilly Auto Parts store, located in Richmond, for $1.2 million. The seller, a Chattanooga, Tenn.-based preferred developer of O'Reilly's, sold the store to a Houston-based private investor. The store has a little less than 20 years remaining on its initial 20-year triple net lease. Jordan Kaufman of Quantum represented the buyer in the transaction.
BRACKEN — Cactus & Brush has purchased a 58,324-square-foot industrial building, located at 8165-8175 Bracken Creek Drive in Bracken, from Patricia Zoldey & Estate of Stephen Zoldey Sr. Bill Holder of DH Realty Partners represented the seller in the transaction. Rick Stagers of Newmark Grubb Knight Frank's San Antonio's office represented the buyer.
ALLEN — Behringer Harvard has provided mezzanine construction financing for a 444-unit luxury multifamily community, located on a 19-acre site at 1300 N. Custer Road in Allen. The community will feature access to a 40-mile hiking/bike trail, a resort-style pool, a business center, fitness center, coffee bar, clubhouse, game room, exterior courtyards and detached garages. Texas Capital Bank is providing primary construction financing. Irving-based TDI Real Estate Holdings, through a joint venture with Catlyn Capital Corp., is developing the property. Construction begin in August and the first units are slated for lease in May 2013.