ST. CHARLES, IL-JCF Real Estate is pleased to announce that the firm has completed its final office lease for the first phase of the Corporate Reserve of St. Charles. The newest tenant at the Reserve, Safway Services LLC, leased the remaining 1,850 square feet within 300 Cardinal Dr. Steve Chrastka represented ownership in the lease transaction. Safway, a full-service scaffold company offering scaffold rental, sales, training, engineering, labor, inventory and project management, was self-represented. Phase I of the Corporate Reserve consists of two, 15,000-square-foot, single-story office properties.

CANTON, MI-Ciena Healthcare has opened its newest skilled nursing community Regency at Canton at 45900 Geddes Rd. near Canton Center Road, a 113-bed facility offering short-term and long-term care with 35 private suites and 39 semi-private rooms. Built at a cost of more than $6 million, the center features a living area designed to care for the needs of residents requiring a short-term rehabilitation stay and contains a separate living area designed to meet the needs of traditional, long-term care geriatric residents. The 59,000-square-foot facility also features a state-of-the-art rehabilitation gym, wireless Internet, library with fireplace, private dining room for family gatherings, individualized heating and cooling units with controls in each room, lounge and a spa.

IRONWOOD, MI-Agree Realty Corp. has finalized plans to expand Miner's Super One Foods at its Ironwood Commons shopping center here. Miner's will be expanded and renovated to 55,000 square feet from their current 35,000-square-foot store. The project includes the elimination of in-line retail space, including Sears Hardware, to make way for the Miner's expansion. Joey Agree, president and COO, said the project will bring the center to 100% occupancy and drive additional traffic to the asset.

LANSING, MI-STAG Industrial Inc. has acquired a $6.6 million, 129,325-square-foot, warehouse and distribution facility here. The building was constructed in 2002 and renovated in 2008. The property is 100% leased to Joseph T. Ryerson & Son Inc., a subsidiary of Ryerson Inc., under a lease with approximately seven years of remaining lease term. Ryerson Inc. and its subsidiaries process and distribute metals that include stainless and carbon steel, and aluminum products.

INDIANAPOLIS-Beech Street Capital LLC has provided a $10 million Fannie Mae conventional loan for the acquisition of Emerson Lakes Village Apartments, a 352-unit market rate property here. Barry Lefkowitz and Jay Jacobovitch with Meridian Capital Group LLC originated the transaction, which was financed by Beech Street as part of its correspondent relationship with Meridian. Emerson Lakes is currently more than 96 percent occupied and has an approximate 10% student population, primarily attending Indiana University – Purdue University Indianapolis (IUPUI). More than $100,000 in capital improvements has been made over the past year, and the borrowers plan to perform over $400,000 in additional capital improvements after acquisition. Amenities include a pool, fitness room, playground, a clubhouse with a kitchen, a laundry room in each building, as well as 599 parking spaces and patios/balconies. The fixed-rate loan has a 10-year term, 9.5 years of yield maintenance, and 30-year amortization, payable on an actual/360 basis.

NOBLESVILLE, IN-Verus Partners is breaking ground on a new advanced manufacturing and distribution facility for Helmer Inc., a manufacturer of laboratory equipment and refrigerated products. The facility will be 137,500 square feet and located on 10 acres of land in the Saxony Corporate Campus. Helmer is expected to occupy the new building by fourth quarter 2012. Saxony is a joint-development of Verus and MetLife Real Estate Investments.

AURORA, OH-TNP Strategic Retail Trust Inc., a public non-traded REIT that invests in grocery and drug-store anchored retail properties and other real estate-related assets, has purchased Aurora Commons for $7 million. The 89,200-square-foot retail center is 92 percent occupied and anchored by Marc’s, a local discount grocery store. Marcus & Millichap represented TNP and the unnamed seller.

OMAHA, NE-McShane Construction Co. has been awarded the contract for the new 211-unit Springs at Legacy Commons apartment complex on behalf of developer Continental Properties Company Inc. The development will be on an 11-acre site at 2821 Legacy Commons Plaza.