REBusinessOnline - Today's Regional News

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	WRIGHTWOOD CAPITAL ACQUIRES 125,000-SQUARE-FOOT FLEX BUILDING BOLINGBROOK, ILL. — Chicago-based Wrightwood Capital has acquired 3 Territorial Court, an approximately 125,000-square-foot flex industrial building located at Territorial Business Center in Bolingbrook. The property is fully leased to Goss International, and features 56,000 square feet of office space, 16 exterior docks and four drive-in doors. The opportunity was brought to Wrightwood by Michael Caprile, Ted Staszak, Stephanie Park and Traci Buckingham of CB Richard Ellis. The purchase represents the 19th acquisition on behalf of Wrightwood Capital’s Industrial Fund III. WANGUARD ADVISORS ACQUIRES SAVAGE TOWN SQUARE FOR $14 MILLION SAVAGE, MINN. — Milwaukee-based Wanguard Advisors has acquired Savage Town Square, an 87,181-square-foot retail center located at the intersection of Egan Drive and State Highway 13, on behalf of tenant-in-common investors for approximately $14 million. The property was developed by Opus Corp. in 2003 and is 98 percent occupied. It is anchored by a 68,860-square-foot Cub Foods, and sold for a price of $161 per square foot. Opus Northwest will retain property management responsibilities, with United Properties handling leasing for the center. CBRE BROKERS 40,965-SQUARE-FOOT RETAIL SALE ARLINGTON HEIGHTS, ILL. — CB Richard Ellis (CBRE) has brokered the sale of Terramere Plaza, a 40,965-square-foot in-line retail center located at 4204-4244 N. Arlington Heights Rd. in Arlington Heights. The property is anchored 7-Eleven, with additional tenants including UPS Store, LA Tan and Dunkin’ Donuts. CBRE’s Bob Mahoney, George Good, Richard Frolik, Christian William and Derrick Almassy represented the seller, Inland Real Estate Corp. The property was purchase by a Buffalo Grove, Ill.-based buyer for an undisclosed amount. QUANTUM FIRST CAPITAL CLOSES ON $9.6 MILLION ACQUISITION LOAN LA VISTA, NEB. — Dallas-based Quantum First Capital has closed on a $9.6 million acquisition loan for Shadow Ridge Apartments, a 276-unit apartment community located at 8500 Granville Pkwy. in La Vista. The garden-style community contains one- and two-bedroom units, with amenities including a swimming pool, garages, a clubhouse, a fitness center and sauna, basketball and sports courts, and a tenant entertainment area with barbecue grills. Renovations are currently underway to upgrade the units. The loan, which was provided by Green Park Financial through the Fannie Mae DUS program, is structured with a 10-year term with the first 3 years interest only and an 80 percent loan-to-value ratio. Jason Rice of Quantum First Capital originated the financing on behalf of an out-of-state borrower.