REBusinessOnline.com

April 04, 2012

BRODERICK TOWER REVEALS RESTORATION PROGRESS
DETROIT — Construction Partners LLC will host a preview event at Broderick Tower on Thursday, April 5, for visitors to view the ongoing $53 million restoration project at the historic, 34-story building. When complete in September, the Detroit tower will house a restaurant and lounge, three floors of office space and 125 apartments on floors 5 through 34. The Broderick, originally known as Eaton Tower, was built in 1928. The developer plans to unveil a fully finished 17th floor model unit at Thursday's event. Located in the heart of Detroit's sports and entertainment district, the Broderick event will coincide with the opening of the Tigers' 2012 MLB season at Comerica Park.


SAS ARCHITECTS TO DESIGN HOUSING FOR VICTORIAN VILLAGE
HOMER GLEN, ILL. — Northbrook, Ill.-based SAS Architects & Planners has been selected to design three residences for Victorian Village, a senior living community in Homer Glen. Two single-story residences will house 10 seniors each, while the third, a two-story residence, will house 30 seniors. The units will include private bedrooms and bathrooms as well as shared living, kitchen and dining areas. Residents will also have access to skilled nursing services. The project is slated for completed by the end of 2013.


TOP GUN ACQUIRES NEW CORPORATE HEADQUARTERS
MASON, OHIO — Top Gun Sales Performance has purchased a new headquarters building in Mason for $3.6 million to expand its operations. The global sales support organization will relocate to 5155 Financial Way, a 67,000-square-foot building. Andrew Kahn of NAI Bergman represented Top Gun in the deal. Bill Poffenberger of Jones Lang LaSalle represented the seller, Fortis Properties.


OHIO INDUSTRIAL PROPERTY SELLS
WORTHINGTON, OHIO — Hudson Bearings LLC has purchased a 24,898-square-foot industrial property in Worthington for an undisclosed amount. The building is located at 7060-7064 Huntley Rd. Matt Murtha of Cassidy Turley's Columbus office represented the seller, Eglehoff-L&K Properties, in the deal.


SEVEN RETAIL PROPERTIES SELL FOR $40.8M
OAK BROOK, ILL. — In a joint venture, Inland Real Estate Corp. and Inland Private Capital Corp. have acquired two portfolios of single-tenant retail properties for $40.8 million. The seven properties total 95,630 square feet. The four stores net-leased to Walgreens are located in Dunkirk, N.Y.; McPherson, Kan.; St. George, Utah; and Nampa, Idaho. The three properties net-leased to CVS are located in Lee's Summit, Mo.; McAllen, Texas; and Newport News, Va. The stores range in size from 12,900 to 14,490 square feet.

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