CHICAGO-The New York City-based company that owns 200 W. Jackson here has signed a new $58.5 million mortgage loan on the 475,000-square-foot office tower. Apollo Real Estate Advisors, now known as AREA Property Partners, purchased the 29-story tower in 2007 for $73 million.

MB Real Estate, a former owner of the building, has managed the property since 2003 and since then repositioned the property with a new lobby and other renovations. Tenants include Cashnet USA. Keith Braddish, EVP and Jason Gaccione, VP with CBRE arranged the financing through an unnamed bank.

NORTHFIELD, IL-Marcus & Millichap Real Estate Investment Services recently arranged the sale of the 100% occupied Northpointe II Office Center here. According to Gregory LaBerge, regional manager of the firm’s Chicago office, the asset sold at a price of $1.8 million, which represents a cap rate on current net operating income of 8.35%. Frank Roti, an associate in the firm’s Chicago office, represented the seller. Charlie Pick with National Realty Network represented the buyer.

CHICAGO-Peter Block, executive vice president; Brad R. Teitelbaum, senior associate, and Eric M. Suffoletto, senior associate, all with the Investment Services Group of Colliers International | Chicago, represented a private investor in the sale of the Lululemon Athletica store at 930 N. Rush St. for more than $20.5 million. The buyer is Acadia Realty Trust. The property is a single-tenant retail building completed in 2009 as a build-to-suit specifically for Lululemon Athletica, a yoga-inspired athletic apparel company founded in 1998 and headquartered in Vancouver, British Columbia, Canada. The company has a remaining lease term of seven years at the property. The property is located in the heart of Chicago’s Gold Coast neighborhood, an area situated approximately one mile north of the Central Business District.

BELLWOOD, IL-Divane Brothers has leased a 32,000-square-foot space at 2401 Grant St. The company is a family-owned electrical company and provides electrical construction, consulting, design-build contracting, electrical service and maintenance, construction budget development services and construction schedule development services to their clients. The firm is relocating from their Chicago location to Bellwood and chose this site due to the central location and building amenities. Jeffrey Girling, vice president and Terence Lynch, senior associate of Paine/Wetzel/TCN Worldwide represented Divane Brothers, and were the sole brokers in the transaction.

KANSAS CITY, MO-As part of a strategic alignment, locally based H&R Block has announced it will close about 200 company-owned offices. The company said the offices are under-performing, though the tax preparation firm did not say where the offices are located. The move, along with a leadership reorganization and the elimination of 350 full-time positions, is expected to save the firm up to $100 million by December 2013. The company did not return a request for comment.

ST. LOUIS-Abstrakt Marketing Group, a marketing firm currently located in Benton Park, MO, has signed a 15,000-square-foot lease at Raeder Place in downtown St. Louis. Planning to eventually expand to 30,000 square feet, Abstrakt’s decision to relocate their offices was based on the building’s centralized location, views and history. They plan to move into the new space June 1. Raeder Place was designed by native German Frederick Raeder in 1874 and became a city landmark in 1971. John Warren with CBRE represented the landlord, First Morgan LLC, while Dan Barnes with Lee & Associates represented the tenant.

DETROIT-The Michigan Strategic Fund will provide a $1.5 million Michigan Business Development Program incentive to Sakthi Automotive Group for the establishment of a new facility in Detroit, a project that will generate up to $18.6 million in new private investment and add up to 183 new jobs. Sakthi Automotive Group is a division of the Sakthi Group, one of the fastest growing business groups in South India. The company will locate its first North American facility in an existing vacant building in Detroit. The city of Detroit has offered support in the form of a12 year tax abatement to the project.

HOLLAND, MI-Family Farm & Home is the newest retailer to open at the 217,213-square-foot Nassimi Realty’s Cedar Village shopping center here. The 41,000-square-foot store is at the corner of Chicago Drive and South Waverly Road. The store serves the needs of part time and hobby farmers, rural homeowners, do-it-yourselfers, and small businesses.

HOWELL, MI-Signature Associates has negotiated the lease of 112,500 square feet of industrial space at 1199 Austin Ct. Jim Montgomery represented both the landlord, Anheuser Busch and the tenant, Export Corp. Anheuser Busch has moved their operations to Melvindale, MI while Export Corp. is expanding operations with the addition of this facility.

FARMINGTON HILLS, MI-Duffey Petroskey has purchased a 36,036-square-foot building located at 38505 Country Club Dr. The buyer is a full-service marketing and communications agency already located on Country Club Drive. The agency is expanding by moving their office into the former GreenPath Debt Consolidation building. Gary P. Grochowski, Garrett Middlekauff and Jason E. Capitani with L. Mason Capitani CORFAC International represented the seller in this transaction.

EDEN PRAIRIE, MN-Two tenants have moved into Rogers Distribution Center, owned by Liberty Property Trust. Both long term leases are at 13098 George Weber Dr. Alive Companies Inc. signed a lease for 37,575 square feet and Perkins Power-Motion Products Inc. (known commercially as “Baldor”) signed a lease for 23,660 square feet. Both companies have moved into the 147,160 square foot industrial building, bringing it from 41% occupied to 83% occupied. Liberty acquired Rogers Distribution Center, located in the northwest submarket of Minneapolis, late last year.

BLOOMINGTON, MN-Penn & American, the multi-phase, retail and residential project at the intersection of Penn Avenue and American Boulevard has signed leases with two fast-casual restaurants that will open in August: Moe’s Southwest Grill and Which Wich Superior Sandwiches. The restaurants are part of the first phase of the redevelopment, which includes two retail buildings developed by United Properties and 234 apartments and townhomes developed by StuartCo.

MINSTER, OH-Love Funding has closed a $5 million loan refinancing for Heritage Manor Skilled Nursing and Rehabilitation Center here. Love Funding senior director Robert Smallwood of the Cleveland office secured the loan through the US Department of Housing and Urban Development’s loan program with a fixed interest rate over a 33-year term, generating approximately $215,000 of additional cash flow each year, plus $215,000 for repairs and replacement reserves. The subject property, which was built in 1977, is operated by a subsidiary of Vrable Healthcare Inc. and holds 109 beds in 61 units.