MILWAUKEE — The Dickman Co. Inc./CORFAC International has brokered the sale of a 33,000-square-foot industrial building located at 7878 N. 86th St. in Milwaukee. The sales price was not disclosed. Nick Keys of the Dickman Co. represented the buyer, 7878 North LLC. Scott Furmanski of CBRE represented the seller, 7878 Associates LLC.
MENOMONEE FALLS, WIS. — Mid-America Real Estate has negotiated a 23,496-square-foot lease for TJ Maxx at Whitestone Station in Menomonee Falls near Milwaukee. The 67-acre mixed-use development is located on Falls Parkway and is anchored by Costco. Dan Cohen and Tony Colvin of Mid-America represented TJ Maxx in the lease transaction.
MINNEAPOLIS — Marcus & Millichap has arranged the sale of 860 10th Ave. Southeast in Dinkytown, a commercial district within Minneapolis, for $1.3 million. The nine-unit student housing building was constructed in 1990 and features 24 beds. Josh Talberg, Mox Gunderson, Dan Linnell, Adam Haydon and Abe Roberts of Marcus & Millichap marketed the property on behalf of the seller, a private investor. The Marcus & Millichap team also represented the buyer, a private investor.
ST. CHARLES, MO. — Olivino has signed a 1,585-square-foot lease at The Streets of St. Charles near St. Louis. Olivino is a specialty shop and tasting bar offering olive oils, balsamic vinegars and more cooking items. Other recent additions to the 27-acre mixed-use property include Orangetheory Fitness, Think Pink Nail & Spa and Firebirds Wood Fired Grill. Construction on the new Drury Hotel is underway, with completion slated for summer 2017. Additional tenants will be announced in the coming months.
SAN ANTONIO — Draper and Kramer Inc. has acquired The View at Encino Commons Apartment Homes, a rental community situated in the Stone Oak area of north central San Antonio. Located at 21303 Encino Commons Blvd., the 27-building community features 324 apartments in a mix of one-, two- and three-bedroom layouts, ranging in size from 677 square feet to 1,497 square feet. On-site amenities include a resort-style pool with covered pavilion, kitchen and grilling area and outdoor televisions, and a clubhouse with a resident lounge, entertaining kitchen, theater room, business center and internet café and a fitness studio. Draper and Kramer will also take over management of the property through its residential management division.
HOLLYWOOD, CALIF. — Salon Republic, which provides shared workspace and services to beauty professionals, has signed a 10-year lease for 20,000 square feet of retail space at 6370 W. Sunset Blvd. in Hollywood. The space is located within the 216,238-square-foot Dome Entertainment Center, which is Robertson Properties Group owns. Matthew Fainchtein and Carter Magnin of Cushman & Wakefield represented the landlord in the transaction.
NEW YORK CITY — Sentinel Real Estate Corp. has completed the disposition of a five-building multifamily portfolio located in Brooklyn. A&E acquired the portfolio for $89 million. Totaling 243,000 square feet and 265 units, the properties are located at 230 Ocean Parkway, 483 Ocean Parkway, 80 Woodruff Ave., 65 Ocean Ave. and 100 Lefferts Ave. Aaron Jungreis of Rosewood represented the buyer and seller in the transaction.
CHICAGO — A joint venture between Bridge Development Partners LLC and Akard Street Partners has sold three industrial facilities in the Chicago area totaling 539,440 square feet for $64.3 million. The properties include 2475 Touhy Ave. in Elk Grove Village; 4800 S. Vernon Ave. in McCook; and 8401 W. 47th St. in McCook. The properties averaged 92 percent occupancy at the time of sale. The buyer was not disclosed. Steve Disse and Jeff Devine of Colliers International represented the seller.
OVERLAND, MO. — Operation Food Search has moved to its new headquarters in Overland, about 15 miles northwest of St. Louis. The 67,000-square-foot building is located at 1644 Lotsie Blvd and will serve as the hunger relief organization’s food distribution center. The property was formerly a window factory that had been vacant for years. OFS purchased the building for $2.3 million and invested an additional $2.5 million in renovations. A fundraising campaign began in January of this year. PARIC Corp. served as the project’s general contractor, and M + H Architects was the building’s architectural firm. OFS was previously located in a 25,000-square-foot building at 6282 Olive Blvd in University City.
SANTA MONICA, CALIF. — Palisades Capital Partners has acquired a mixed-use property located at 631 Wilshire Blvd. in downtown Santa Monica for $33 million. Originally built in 1958, the property has undergone $4 million in upgrades since 2013, including a remodeled lobby, outdoor common areas and locally focused murals. The 40,000-square-foot office and retail property features 11,000 square feet of retail space along Wilshire Boulevard. Mike Long of CBRE and Kevin Shannon, Rob Hannan and Ken White of Newmark Grubb Knight Frank represented the sellers, PacShore Partners and GreenOak Real Estate LP, in the deal.
