LOUISVILLE, KY. — Walker & Dunlop has provided $7 million in interim financing for the 216-unit Renaissance at St. Andrews, located at 3311 Renwood Blvd. in Louisville. The 1-year, acquisition loan was provided under the company's Interim Loan Program. Doug Taylor of Walker & Dunlop's Irvine, Calif., office originated the loan.
MINNEAPOLIS — Ryan Cos. and its investment partners have broken ground on a 580,000-square-foot, mixed-use project in downtown Minneapolis. The project, known as 222 Hennepin, will include 286 apartments and will be anchored by a Whole Foods Market, the first in downtown Minneapolis. Ryan's joint-venture partners include an unnamed institutional client of Invesco Real Estate and The Excelsior Group. Construction is slated for completion in 2013. The project is valued at $70 million.
PITTSBURGH, ILL. — Swansea, Ill.-based Holland Construction Services has begun work on the $5.3 million Johnston City High School sports complex in Pittsburgh. The project includes razing the existing football and softball fields. Crews will then add a new concession stand and locker room building, press box, a synthetic surface running track and new artificial turf football field, plus additional elements. FGM Architects is designing the complex, which is scheduled for completion later this summer.
LIVONIA, MICH. — Farmington Hills, Mich.-based Pet Supplies Plus has signed a new lease for 33,000 square feet to relocate its national headquarters to Laurel Office Park in Livonia. Pet Supplies Plus is the third-largest pet specialty retailer in the U.S. with 257 stores in 23 states. The new headquarters will be located at 17197 N. Laurel Park Dr. David Friedman of Friedman Integrated Real Estate Solutions represented the landlord, Laurel Office Park in the transaction. Jeff Cavazos of NAI Farbman represented the tenant.
CHICAGO — The 661,4770-square-foot office building located at 150 N. Michigan Ave. is for sale in Chicago. Bruce Miller, James Postweiler and Nooshin Felsenthal of the Chicago office of Jones Lang LaSalle are marketing the property on behalf of SEB Investment. The property is currently 77 percent leased. In 2011, Crain Communications selected 150 N. Michigan as the new home for its Chicago offices. Crain leased 65,487 square feet and the tower will be renamed the Crain Communications Building when the media company takes occupancy this April.
NEW YORK CITY — Zara Realty has acquired five apartment buildings in Hollis and Jamaica, Queens for $38.5 million. The properties include 191-11 Woodhull Ave. and 91-59 191st St. in Hollis and 144-88 88th Ave., 88-09 148th St., 88-25 148th St. in Jamaica. The buildings include a total of 345 apartment units and 306,286 square feet. Bob Knakal and Brian Sarath of Massey Knakal represented the seller in the transaction.
NEWARK, N.J. — An $8 million, full-service supermarket opened in Newark on Feb. 28. The 31,000-square-foot Food Depot is located in a rehabilitated warehouse at 75 First St., which was vacant for more than 10 years. The owners are Orfilio Chaviano and Nectalier Gonzalez, who have more than 40 years of combined experience in the grocery industry. The center marks the first full-service supermarket to open in Newark's Central Ward in 22 years.
NORWOOD, MASS. — Chestnut Hill Realty has completed the final phase of a four-building apartment project at Norwest Woods in Norwood. With the addition of 54 units, the project includes a total of 91 one-, two- and three-bedroom apartments. Since 2008, the development has added a new clubhouse, fitness center, swimming pool and community room.
NATICK, MASS. — MathWorks Inc. has renewed and expanded its lease at 24 Prime Park Way in Natick. MathWorks, which specializes in mathematical computer software, expanded to 40,000 square feet, adding 22,000 square feet of space on the second floor. Garry Holmes of the Wayland, Mass. office of R.W. Holmes Realty Co. represented MathWorks in the transaction. Craig Johnson of R.W. Holmes represented the landlord, LMF Cochituate Corp.
HOUSTON — Seasons 52 has chosen Houston's Millennium High Street for its second restaurant in Texas, located at 4410 Westheimer Road inside the 610 Loop. The property will feature two private dining rooms, a custom wine cellar, a piano bar and an exclusive chef's table. Houston-based The Dinerstein Companies will develop the property, which is slated to open in spring 2013.