REBusinessOnline

Wisconsin

Dougherty Provides $8.8M Construction Loan for Hotel in Hudson, Wisconsin

HUDSON, WIS. — Dougherty Funding has provided Express Hospitality LLC with an $8.8 million loan for the construction of a Holiday Inn Express hotel in Hudson, located in western Wisconsin along the Minnesota border. The 100-room hotel will be situated immediately adjacent to a new conference center that is currently under construction. A timeline for completion was not disclosed. Dougherty’s Minneapolis office provided the loan.

February 19, 2018

Meridian Completes 48,200 SF Warehouse Expansion for GE Healthcare in Oak Creek, Wisconsin

OAK CREEK, WIS. — Meridian Design Build has completed construction of a 48,200-square-foot warehouse expansion for GE Healthcare in Oak Creek, about 15 miles south of Milwaukee. The facility now totals 328,028 square feet. The project features LED lighting, six loading docks and two doors connecting the new space to the existing building. GE Healthcare uses the building as a repair operations center, and the expansion will be utilized to house spare and repaired parts for the..

February 19, 2018

McShane Construction Opens New Office in Madison, Wisconsin

MADISON, WIS. — McShane Construction Co. has opened a new office in Madison. The company will occupy space on the fifth floor of a property located at 25 W. Main St. A native of Madison, Alison Gorham will lead the office and business development efforts in the Wisconsin market. “Our expansion into Madison was prompted by our growing presence in the area and the consistent construction growth within the region,” says Jeff Raday, president of McShane. Rosemont, Illinois-based McShane..

February 16, 2018

Downtown Milwaukee Is Experiencing Booming Development Across Sectors

In 2017, downtown Milwaukee was unrecognizable from its former self — a year that brought additional outside investment, both public and private development and a rethinking of how we utilize office space. Developers broke a decade-long dry spell in 2016, and now nearly 500,000 square feet of office space is under construction downtown. It’s a story of persistence, as an overhaul of available office product has occurred over the past few years. Now, a vast majority of outdated Class B..

February 15, 2018

Dickman Co. Negotiates Sale of 36,203 SF Industrial Building in Sussex, Wisconsin

SUSSEX, WIS. — The Dickman Co. Inc./CORFAC International has negotiated the sale of a 36,203-square-foot industrial building in Sussex, about 19 miles northwest of Milwaukee. The sales price was not disclosed. The property is located on Main Street. Sussex Crossings LLC purchased the asset from Rosenow Creek LLC. Nick Keys and Zach Noble of the Dickman Co. brokered the transaction. Three units are currently available for lease at the property.

February 12, 2018

Walker & Dunlop Arranges $80M Loan for Refinancing of Office Tower in Downtown Milwaukee

MILWAUKEE — Walker & Dunlop Inc. has arranged an $80 million non-recourse loan for the refinancing of 833 East Michigan in downtown Milwaukee. The 359,000-square-foot, Class A office tower, which opened in 2016, is one of the newest additions to the city’s skyline. The property is situated adjacent to the planned Milwaukee streetcar route. Tenants include PricewaterhouseCoopers, KPMG, Godfrey & Kahn and Rare Steakhouse. Jim Cope and Andrew Schoene of Walker & Dunlop arranged the..

February 9, 2018

Meridian Begins Construction of 307,850 SF Industrial Building in Mount Pleasant, Wisconsin

MOUNT PLEASANT, WIS. — Meridian Design Build has started construction on a 307,850-square-foot speculative industrial building in Mount Pleasant in southeast Wisconsin. The facility will feature a clear height of 32 feet, 40 loading docks, four drive-in doors, 242 auto parking spaces and 94 trailer stalls. The building will be able to accommodate up to six tenants. Land and Lakes Development is the project developer. Partners in Design is providing architectural services while Pinnacle..

February 8, 2018

Connected Technology Solutions Signs 42,590 SF Industrial Lease in Menomonee Falls, Wisconsin

MENOMONEE FALLS, WIS. — Connected Technology Solutions Inc. has signed a 42,590-square-foot industrial lease in Menomonee Falls, about 20 miles northwest of Milwaukee. The kiosk hardware and software solutions provider will occupy the entire building located on Garwin Mace Drive. TJ Huenerbein, Samuel M. Dickman Jr. and Samuel D. Dickman of the Dickman Co. Inc./CORFAC International represented the landlord, AJR Properties South LLC, in the lease transaction. Brett Garceau of NAI/MLG..

February 2, 2018

Bon-Ton Unveils Locations of 42 Store Closures, Largely Across Midwest

MILWAUKEE — The Bon-Ton Stores Inc. has unveiled the 42 store locations that will be closing as part of a previously announced “store rationalization program.” The closing locations are in addition to five other recently announced store closures, four of which the company completed at the end of January. The affected stores include locations under all of the company’s nameplates — Herberger’s, Carson’s, Bergner’s, Younkers, Elder-Beerman and Boston Store. "As part of the..

February 2, 2018

Venture One Acquires 350,274 SF Industrial Property in Sturtevant, Wisconsin

STURTEVANT, WIS. — Venture One Real estate has acquired a 350,274-square-foot industrial property in Sturtevant, about 30 miles south of Milwaukee. The purchase price was not disclosed. The property, located at 7601 Durand Ave., features a clear height of 24 feet, 30 dock doors, one drive-in door, trailer storage as well as 24,000 square feet of open office space. Venture One plans to renovate the property with a new roof, docks, paint, carpet, lights and parking lot repairs. Sergio Chapa,..

January 29, 2018