COLUMBIA, MO. — Westbrook, Maine-based IDEXX Laboratories Inc. has purchased RADIL, a research and diagnostic laboratory business, from the University of Missouri for $43 million in cash. The deal calls for all employees of RADIL to become IDEXX employees and continue to run the business in Columbia, Mo. IDEXX is an animal health instrumentation and software products company.
CHICAGO — Essex Realty Group Inc. has completed the $1.65 million sale of a mixed-used property in Chicago's Wicker Park neighborhood. The building, located at 1914 W. Division and formerly known as the Russian and Turkish Bath House, is fully vacant. It includes 6,000 square feet of first-floor commercial space and five apartments. The property was owned through an entity of American Chartered Bank. Jason Fishleder and Doug Fisher represented the bank in the transaction.
NEENAH, WIS. — Inland Diversified Real Estate Trust Inc. has purchased the $18.2 million Fox Point, a 171,121-square-foot shopping center in Neenah, Wis. anchored by a Pick 'n Save grocery store. Joe Consenza of Inland Real Estate Acquisitions represented Inland Diversified Real Estate in the transaction. The center was more than 98 percent leased at closing.
MANHATTAN — Jones Lang LaSalle has completed construction on two Uniqlo stores in Manhattan which total 153,000 square feet. The locations include the Japanese clothing retailer's New York global flagship at 666 Fifth Ave. and a store at 31 W. 34th St. The Fifth Avenue store opened Oct. 14 and includes a three-story atrium. The 34th Street store opened Oct. 21. New York-based Gensler and Tokyo-based Wonderwall Inc. served as the architects on the project. Fiskaa Engineering, Gilsanz Murray Steficek LLP and Shawmut Design and Construction also participated in the design and construction of the stores. Jones Lang LaSalle was the project manager.
LONG ISLAND CITY, N.Y. —H&R REIT has acquired the 670,000-square-foot Two Gotham Center in Long Island City, closing the deal with a $250 million loan from two life companies. Michael Strober of CB Richard Ellis' Tampa office arranged the financing in a 10-year note at a 4.25 percent interest rate. Darcy Stacom and William Shanahan, with CBRE's investment properties institutional group in New York represented the seller in the transaction.
BOSTON — Construction crews have broken ground on The Kensington, a $170 million residential tower in Boston. The 488,000-square-foot tower, located at 659 Washington St., includes 381 rental apartments and 2,300 square feet of ground retail space. The development team includes Boston-based Kensington Investment Co., National Development and equity partner Northwest Mutual. Suffolk Construction is the contractor for the project and the architectural firm is The Architectural Group. Construction is scheduled for completion in summer 2013.
NEW YORK — Law firm Baker & McKenzie has signed a 15-year lease for 105,803 square feet on seven floors of the trophy tower, owned by IDB Group. Mitchell Steir, John Mambrino, David Goldstein and Matthew Barlow of Studley represented Baker & McKenzie in the transaction. Craig Reicher, Howard Fiddle, James Ackerson, Zachary Freeman, Sinclair Li and Greg Maurer-Hollaender of CB Richard Ellis represented the building owner.
OKLAHOMA CITY — Birmingham, Ala.-based The Sanders Trust has commenced construction on the $19 million, 50-bed inpatient rehabilitation hospital located in Oklahoma City. Upon completion, the property will be fully leased to Mercy Rehabilitation Hospital, a joint venture between Centerre Healthcare Corp. and Mercy Health System of Oklahoma. Nashville, Tenn.-based Earl Swensson Associates designed the property, Birmingham, Ala.-based Iberia Bank provided the financing and Kansas City, Mo.-based J.E. Dunn is the general contractor. The new hospital is slated for a late 2012 completion.
SAN ANTONIO — Austin-based EZCORP, Inc. has acquired fifteen pawn shops in the greater San Antonio area that were part of the Money Mart brand. The portfolio acquisition brings the total number of EZCORP stores in San Antonio to 37.
MISSOURI CITY — PCCP has provided $17.5 million in refinancing and construction financing for the approximately 500,000-square-foot Beltway Crossing, a warehouse/distribution complex located at 13323-13423 S. Gessner Rd. in Missouri City. Phase II of the complex is currently under construction and is slated for a third quarter 2012 completion. The loan was provided on behalf of the property's owner, a joint venture between Dallas-based Thackeray Partners Dallas/Fort Worth-based and Stream Realty Partners.