(Save the date: RealShare Chicago comes to the Union League Club of Chicago October 23.)

OAK BROOK, IL-Locally based Inland Real Estate Acquisitions recently completed property purchases totaling $94 million. The firm, the purchasing arm for various entities of Inland Real Estate Group of Cos., bought nine Walgreens stores in the Northeast and the South Elgin Commons retail center in Elgin, IL.

Both properties were purchased on behalf of Inland Diversified Real Estate Trust Inc. Lou Quilici with Inland facilitated the $25 million South Elgin transaction, and Mark Cosenza handled the $68.7 million Walgreens purchase.

The 128,000-square-foot South Elgin Commons is 100% leased, and includes tenants such as Ross Dress for Less, Toys ‘R’ Us and LA Fitness, as well as shadow anchors Super Target and Home Depot and an undeveloped pad that can hold 11,000 square feet.

Kite Realty Group, based in Indianapolis, sold the center. The firm said in a statement that it sold to fund the purchase of Cove Center, a 160,000-square-foot, 97% leased shopping center in Stuart, FL for a purchase price, exclusive of closing costs, of $22.1 million

The Walgreens purchase includes three stores in New Jersey, two in Connecticut, two in Massachusetts and two in New Hampshire. Each property was recently constructed, and are leased to a subsidiary of Walgreen Co. under a triple net lease, with a remaining lease term of more than 20 years.

GURNEE, IL-Less than six months after listing the building and relocating the owner, Kinter, to a larger facility, a team of industrial real estate professionals from Newmark Knight Frank Epic has completed the sale of a 30,000-square-foot industrial building in Gurnee. A private investor has sold 3982 Ryan Rd. in Gurnee for an undisclosed sale price. The building was custom built in 2005 for Kinter. The buyer of the facility was Eirich Machines, an American subsidiary of a German company. The company, which is based in the building next door, is expanding its operations and will convert the Ryan Road building to a laboratory and/or testing facility. Thomas Boyle and Jared Paff, both industrial specialists with Newmark Knight Frank Epic, represented the seller in the building acquisition. According to Boyle, the relatively short period of time the building was on the market demonstrates that the market for Class A industrial space in Lake County is rapidly improving. He said the vacancy rate for modern facilities in Lake County is about 7%. In early 2012 Kinter Co. relocated to a building it had acquired at 3333 Oak Grove Ave. in Waukegan, IL. Kinter will significantly expand its operations.

RIVERWOODS, IL-Indorama Ventures (Oxide & Glycols) Ltd., a yarn manufacturer, has signed a lease for 7,122 square feet of space at Riverwoods Corporate Center here. The center, a two-story facility which totals 46,000 square feet, was completed in summer 2006 through a partnership between Podolsky Northstar and Irgens Development. Both of those firms maintain offices in the building. The building is now 100% leased, and includes tenants Horwitz & Associates, Irgens Development Partners and Creative Financial Services. Corey Chase, principal at Podolsky Northstar CORFAC International, represented RCC JV LLC, building ownership, in the transaction. Randy D. Podolsky, managing principal, and Adam J. Tarantur, SVP, represented the tenant. John Stern with Hardt, Stern and Kayne provided legal counsel to ownership.

BUFFALO GROVE, IL-Scott Reinish and Frank Trenholm with the Kudan Group recently negotiated the lease at 1663 Buffalo Grove Rd., formerly Dragon Fire, here. Reinish represented the landlord, the Shops at Aptakisic LLC. Trenholm represented the tenant, Firewood Kabob LLC. The 2,000 square foot restaurant is located in a newly built shopping center in the northern suburb. Firewood Kabob-Mediterranean Grill is scheduled to open this September.

AURORA, IL-Marcus & Millichap Real Estate Investment Services has the listing for FedEx Freight East, a 63,740-square-foot FedEx freight terminal here. The seller, an Illinois family partnership, says the property is being offered for $18.2 million. Nick Manganais is representing the seller. The facility is one of 17 FedEx Priority freight terminals in Illinois. The property at 3883 Butterfield Rd. was a build-to-suit for FedEx in 2003 and has an absolute corporate triple-net 15-year lease that began in January 2004. The lease had a 13 percent rent increase in year six (2009) and there is another one in year 11 (2014).

LAKE ZURICH, IL-Oxford Development Partners LLC recently selected Principle Construction Corp. for the interior demolition of a 42,640-square-foot facility and the construction of a new parking lot at 825 S. Rand Rd. here. The building is a former Wicks Furniture location, which will make way for a new LA Fitness.

DOWNERS GROVE, IL-Ellen Steinbrecher and CJ Kuehl, principals with Lee & Associates of Illinois LLC, recently represented Hearthside Food Solution in the lease of 11,822 square feet of office space at 3250 Lacey Dr. Hamilton Partners represented building ownership in the transaction.

MAPLE GROVE, MN-Michael N. Palm Sr., SVP with the Business Brokerage Group at Coldwell Banker Commercial Griffin Cos. has negotiated a nearly $2.5 million sale of a former Boston’s Restaurant at 12109 Main St. N here to Redstone American Grill Inc. Palm represented the seller Dogwood Enterprises LLC in the transaction.

MINNETONKA, MN-James Hoopes and Patrick S. Minea with NorthMarq recently arranged acquisition financing of $14 million for 5995 Opus Pkwy., a 164,931-square-foot class A office building here. Financing was based on a five-year term and a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its correspondent relationship with Aetna Inc.

ST. LOUIS-NextGen Information Services Inc. has renewed its lease of approximately 7,900 square feet of Class B office space at 906 Olive Street Rd., Suite 600 here, with Frisco Associates LP. Robert A. Busch with Gundaker Commercial Group Inc. represented the tenant in this transaction. Steve Symsack with Solon Gershman Inc. represented the landlord.

ST. LOUIS-Alliant Capital LLC recently announced a portfolio loan closing of 16 properties and a stand-alone property, all here, to the same borrower totaling $11.4 million. These transactions were originated by Matt Stevens, Alliant’s Regional Director in the San Diego office. All loans were closed with a 10-year fixed rate term with 30-year amortization. These loans were sized to 75% loan-to-value and 1.25 debt coverage.

HAMILTON, OH-Duke Realty is developing a new 10,500-square-foot emergency department at 3075 Hamilton Mason Rd. here. The facility will be located near an existing inpatient facility on TriHealth’s 5-acre campus. The entire campus will be known as TriHealth Bethesda Butler County hospital campus. The new ED will be jointly owned by Duke and Butler County Surgical Properties (BCSP), a partnership of physicians employed by TriHealth. The facility will be 100% leased for 15 years to Bethesda North Hospital. The new ED is scheduled to open in the first quarter of 2013.

CARMEL, IN-HFF has arranged a $5 million refinancing for Meridian Crossing, a 155,003-square-foot office building here. HFF, led by Jon Everson, worked on behalf of the property’s manager and owner, Indianapolis-based REI Real Estate Services LLC, to secure the 10-year, fixed-rate loan through Aviva Investors for Aviva Life and Annuity Co. Originally completed in 1982, the six-story building has undergone $4.3 million in capital improvements durung the past several years, most recently in 2011.

ROYAL OAK, MI-Ron Rose Productions Ltd. has leased a 13,825-square-foot building at 1037 S. Main St. here. The tenant chose the location as headquarters for its audio and video production facility. The building, built in 1917, originally housed a Model-T dealership for Ford Motor Co. Gary P. Grochowski and Mason L. Capitani with L. Mason Capitani CORFAC International represented the landlord in this transaction.

COLUMBUS, OH-Gladstone Commercial Corp., a REIT, has purchased a 31,293-square-foot office building here for $4 million. The building is fully leased to Nationwide Children's Hospital. The building houses administrative personnel that support NCH's 50 medical locations across Ohio.