RAVENSWOOD, ILL. -- NGKF Capital Markets has arranged a $40 million loan to refinance Ravenswood Station, a 123,650-square-foot retail building located in Chicago's Ravenswood neighborhood. A correspondent insurance company lender provided the 20-year, permanent fixed-rate loan. 

Ravenswood Station, located at 1800 W. Lawrence Ave., is anchored by Mariano's Fresh Market and LA Fitness. The property includes 364 spaces of surface and structured parking. NGKF represented the borrower, a joint venture between The Taxman Corp. and Barrett & Porto Real Estate.

DETROIT -- Bernard Financial Group has arranged a $40 million CMBS loan to refinance Pointe Plaza, a mixed-use development at the border of Gross Pointe Woods and Detroit. 

The property, located at the intersection of Mack Avenue and Moross Road, consists of approximately 273,000 square feet of gross leasable space, which includes a medical office building, a retail building and a parking structure containing 1,800 parking spaces. 

Dennis Bernard and Kevin Kovachevich of Bernard Financial Group originated the loan for the borrower, Pointe Plaza Development LLC.

FORT WAYNE, IND. -- Steadfast Income REIT Inc. has acquired Oak Crossing, a 222-unit apartment community in Fort Wayne, Ind., for $24.2 million. The Class A apartment community, built in 2013, consists of garden-style buildings with one-, two- and three-bedroom units. The average monthly in-place rent is $952. 

Apartment units include private balconies/patios, washer and dryers, walk-in closets and kitchen appliances. Select floor plans come with attached garages, and detached garages are available for rent. Oak Crossing is currently 94 percent occupied. 

Amenities at the complex include a fitness center, swimming pool, clubhouse with a stone fireplace, business center and grilling area. Oak Crossing is Steadfast Income REIT's third property in Indiana. The REIT also owns the 268-unit Lodge at Trails Edge in Indianapolis and the 250-unit Sycamore Terrace in Terre Haute.

INDIANAPOLIS, IND. -- Tikijian Associates has brokered the sale of Suncrest Apartments, a 140-unit community in western Indianapolis, to a Geneva, Ill.-based investment group. The sales price was undisclosed, but the property was listed for $4.5 million. 

The apartment community, built in 1986, is located near I-465 and the Indianapolis International Airport. The buyer plans to upgrade the kitchens and bathrooms to include granite counter and vanity tops, new flooring and appliances. 

Tikijian Associates represented the seller, JVM Realty Corp., an Oak Brook, Ill.-based privately held real estate investment and management firm.

AURORA, ILL. -- Marcus & Millichap has brokered the $16 million sale of a 63,740-square-foot FedEx freight terminal located in Aurora. The single-tenant, industrial asset is part of a two-property portfolio. The freight terminal is situated on 14.5 acres located at 3883 Butterfield Road. 

The Aurora FedEx freight terminal features a 55,120-square-foot main building with 6,800 square feet of office space. There is also 48,320 square feet of cross-dock working space, which serves as the customer center. 

The property contains a 6,550-square-foot, three-bay repair/wash building; a 1,600-square-foot fueling facility; and a concrete scale pit with an axle scale. The freight terminal includes 104 loading/unloading doors with custom dock levelers and custom door seals. There are 269 tractor/trailer parking spaces and a separate employee parking lot that can hold up to 91 cars. 

Nick Manganais of Marcus & Millichap represented the seller, an Illinois-based family partnership. Howard Wiese of Marcus & Millichap represented the buyer, Welbic Investments, a private real estate investment fund.

FARMINGTON HILLS, MICH. -- Gabriel Ride Control, which designs, engineers, and produces shock absorbers, has acquired a 49,065-square-foot industrial building from CIII Capital for an undisclosed price. NAI Farbman brokered the sale of the property located at 39300 Country Club Drive in Farmington Hills, approximately 23 miles northwest of Detroit. 

The Class B, flex research and development building is situated on five acres and has access to I-696, I-275 and the M-5 freeways. Doug Fura and Devin Kling of NAI Farbman represented the seller. Lee & Associates represented the buyer.

PEWAUKEE, WIS. -- The Dickman Co. Inc. has arranged the lease of 15,100 square feet of industrial space in Pewaukee, a western suburb of Milwaukee. Ellison Technologies, a provider of advanced machining solutions to metal-cutting manufacturers, will occupy space located at N29 W23825 Woodgate Court. 

Samuel M. Dickman Jr., Samuel D. Dickman and Anthony Huenerbein of The Dickman Co. represented the landlord, Points West LLC, in the transaction. Jeff Hoffman of Judson & Associates represented the tenant.