CHICAGO-NRC Realty & Capital Advisors LLC, based here, hasbeen retained in the sale of nine retail properties currently inforeclosure in California, Delaware and Pennsylvania. Thefacilities total almost 20,000 square feet, and include gasstations and convenience stores.

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Evan Gladstone, managing director of NRC, tells GlobeSt.com thata national lender hired his company to auction the sites. The biddeadline is Sept. 30. “The number of commercial properties beingsurrendered to lenders is definitely increasing,” Gladstonesays.

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GRAYSLAKE, IL-Marcus & Millichap Real Estate InvestmentServices has arranged the sale of Swanson Corners Retail Center, a100% occupied retail center here. According to Gregory A. LaBerge,regional manager of the firm’s Chicago office, the asset sold for$1.2 million, which represents a cap rate on current net operatingincome of 8.34%. Demetrie Livaditis, an associate in the firm’sChicago office, represented the seller, the center’s developer.Built in 1995 at 1276 North Illinois Route 83, the property is a5,500-square-foot retail center that is currently leased to threetenants: 7-Eleven, Papa John’s Pizza and Village II Cleaners.

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CHICAGO-Summit Design + Build LLC, is pleased to announce thefirm’s selection as general contractor for an extensive remodel toan existing 25,600-square-foot facility for Daily Meat Supply Co.in Chicago’s West Loop. According to Summit president Adam Miller,the meat distributor purchased the property at 2323 W. FultonMarket and is relocating from its prior location at 1000 W. FultonAve., also in Chicago, and selected the facility based on itscentral location within the city and parking ability for customers.The construction also includes resurfacing of the parking lot and anew roof. Completion is scheduled for fall 2010.

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CHICAGO-Sperry Van Ness LLC is proud to announce the expansionof their current client offerings to include auction servicesthrough its division of the Accelerated Marketing Team. The SVNAuction team is fully integrated with Sperry Van Ness Internationaland the 960 member advisors, which enables clients to capitalize onlocal market knowledge with product specialists who augment thecommercial auctions and sealed bid initiatives. Wayne Caplan, adirector and principal with SVN’s Chicago Office and formerly ofSheldon Good and Co. will be spearheading SVN’s auction efforts inthe Midwest.

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GRAYSLAKE, IL-EVPs Rodger Chenore and Patricia Baldwin, withTerence Lynch, Senior Associate, of Paine/Wetzel-ONCORInternational have completed a 33-acre land sale for Delos Inc. atRoute 83 south of Route 137 within the Grayslake Business Park.Scannell Properties LLC, a privately owned real estate developmentand investment company, has purchased the land from Delos for thedevelopment of a 215,000 square foot distribution center for Fed ExGround. Approximately 100 acres of fully improved land remainavailable for sale in the Grayslake Park.

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ELK GROVE VILLAGE, IL-Arthur J. Rogers & Co. is relocatingits headquarters office to Elk Grove Village, Illinois. The companyhas relocated its headquarters of more than 50 years to 1559Elmhurst Rd. The firm was previously located in neighboring DesPlaines. The company recently sold the Des Plaines property for thedevelopment of a new casino which is currently underway.

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SOUTHFIELD- NAI Farbman arranged the lease of 17,996 square feetto BullsEye Telecom Inc. at 25925 Telegraph Rd. Lesley Gutmanrepresented the landlord Riverside Center Acquisition LLC.

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TROY, MI-Friedman Real Estate Group, Inc. recently negotiatedthe lease of 9,248 square feet of office space at 2800 LivernoisRd. The landlord, Osprey-Troy Officentre LLC leased the space toGenesis 10 Inc. Glenn N. DesRosiers, VP with Friedman, representedthe landlord in this transaction.

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FORT WAYNE, IN-BND Commercial has acquired Goldstine Knapkebrokerage company. BND was established in 2004. Goldstine Knapkewas formed in 1992 when Goldstine Inc. and N. B. Knapke CompanyInc. partnered to create the new firm. Goldstine Inc., headed byco-owners Stephen J. Wesner and David J. Norton. All three brokers,Knapke, Norton, and Wesner, will continue to offer their brokerageservices through BND Commercial Real Estate. The blending of thesetwo established real estate firms will offer services in the areasof commercial, office, industrial, medical, retail, multi-familyand business brokerage. The company will also continue to providetenant and landlord representation, property and facilitymanagement, consulting and market research, asset and appraisalservices as well as commercial and residential development. Nortonadds, “We are excited about the benefits this collaboration brings,and we look forward to sharing these with our most valuableresource—our clients.”

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PORTAGE, IN-Lee & Associates has completed a long-term leaserenewal and expansion for a 469,000-square-foot industrial space at6750 Daniel Burnham Dr. here. The value of the lease is in excessof $7 million. Justin Fierz and Brian Vanosky, both principals ofLee Chicago, represented the tenant, a global home d

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