The closings of the purchases are expected in the next 30 days. The REIT also sold Pelican Plaza and Southbay Shopping Center in Florida.

LIVONIA, MI-Infineon Technologies, a semiconductor firm, has broken ground on a new facility. Located on a four-acre site at 19401 Victor Pkwy., the completed building will provide more than 46,000 square feet of space to accommodate an expanded quality test lab, additional engineering facilities and added office space compared to the company’s current offices at 19111 Victor Pkwy. Built by Farmington Hills, MI-based Northern Equities Group, the new facility provides space for Infineon to grow its staff by approximately 50% from its current size of 90 employees in Livonia. Infineon plans to occupy the new facility in the winter of 2013.

NORTHBROOK, IL-Hilco Trading LLC has launched Hilco Real Estate Auctions LLC.

The new operating unit will provide open-outcry and online real estate auction solutions for local, national and multi-national corporations, financial institutions, developers and others needing to sell real property and notes. Hilco Real Estate LLC, also a unit of Hilco Trading, will continue to provide disposition brokerage services through sealed bid auctions and private treaty negotiated sales. HREA was formed by Hilco and real estate auction veterans Michael A.

Fine and Alan R. Kravets.

LIBERTYVILLE, IL-TCi Tires has leased 30,845 square feet of space within the Liberty Point Corporate Center business park, owned by a venture of McShane Development Co./MetLife Real Estate Investments. The multi-tenant industrial property, known as Liberty Point Corporate Center III, is located at 1400 Harris Rd. TCi Tires is a national tire service dealer with company-owned locations and external alliances servicing all 50 states. Laser Precision, a metal forming, laser cutting, punching, welding and machining company, took occupancy of its new 30,345 square foot suite in the complex in December of 2011. Keith Puritz, Brett Kroner, Ryan Bain and Zachary Graham of CBRE represented ownership and Grant Glattly of CBRE represented the tenant in the transaction. McShane and Ware Malcomb will provide design/build construction services for this tenant improvement assignment.

WAUKEGAN, IL-The Paine/Wetzel/TCN Worldwide team of Whit Heitman, principal; Samuel Badger, SVP; and Brad Weiner, VP of the firm have completed an 111,182-square-foot lease to the Visual Pak Cos. at 1817 Waukegan Rd. within Amhurst Lakes Business Park. This long-term lease renewal accommodates an expansion.

ROCHELLE, IL-Acres Landscaping has purchased 3.5 acres of land, located at 7N665 Garden Ave. Terry O’Hara, SVP with Lee & Associates of Illinois LLC represented First Merit Bank.

GREEN BAY, WI-Micoley Auctions announces the first ever FDIC Online Real Estate Auction with bidding through June 2, according to Wade Micoley, the company president. "We have approximately 50 Midwest properties in this first FDIC Online Real Estate Auction event," Micoley explained

PESHTIGO, WI-JRDM LLC recently purchased a 130,000-square-foot along with 10 acres of land on Maple Street here. The building is occupied by Goodrich Co., Cabin Seating Division which makes seating for private aircraft. PATS Aircraft LLC was the seller of the property, which was listed by Gary Van Sistine with Creative Business Services. Josh Phillips, also of Creative Business Services, worked with the buyer.

WOODBURY, MN-Senior Associate Dan Altstatt with Coldwell Banker Commercial Griffin Companies recently negotiated the signing of a $2.3 million, 23,301-square-foot sale at 731 Bielenberg Dr. The Tamarack Hills Development of Woodbury inched a step closer to recovery as Alerus Financial, represented by Dan Altstatt with CBC Griffin Co., sold the property to Logistics Planning Services of Mendota Heights, which will be occupying the building. The building, was foreclosed upon two years ago by Alerus Financial, and was one of many properties in the area that came back to the lenders.

MOUNDS VIEW, MN-MinnPar LLC executed a lease for 82,717 square feet at 5267 Program Ave. MinnPar provides original equipment manufactured parts and assemblies to the construction and agriculture industries. The company is relocating from its previous location in Minneapolis. The facility being vacated at 900 Sixth Avenue SE is owned by Hillcrest Properties. CBRE industrial real estate broker Nick Peterson represented MinnPar in its search and landlord negotiations.

HAZELWOOD, MO-Des Moines-based Jacobson Warehouse Co. is relocating and expanding its St. Louis consumer goods third-party logistics operation into 402,000 square feet of space at Northside Distribution Center, 4702 Park 370 Blvd. Terry Stieve and Dave Branding with Jones Lang LaSalle represented the landlord, Sacramento-based J.B. Management, which owns more than two million square feet of industrial space in greater St. Louis. The transaction is representative of the significant downward movement of modern bulk vacancy rates in St. Louis County from 28.9% to 24.8%. John Sheahan Jr., a principal with NAI DESCO in St. Louis, and Joe Lauinger, a broker with Mohr Partners' Dallas office, represented Jacobson.

DAYTON, OH-Miller-Valentine Group and Gem Real Estate Group are combining their property management, brokerage and leasing services groups in a move that will create the region’s largest commercial real estate company. Miller-Valentine Group’s construction, development and residential businesses and Gem Real Estate’s Advisory Services business will not be affected by this transaction. Dave Dickerson, Gem president, will serve as president, real estate services overseeing property management, brokerage and leasing services for the Miller-Valentine Group portfolio of about seven million square feet of office and industrial space.