REBusinessOnline

Colliers Brokers Sale of 163,000 SF Industrial Building in Ripon, Wisconsin

RIPON, WIS. — Colliers International has brokered the sale of a 163,000-square-foot industrial building in Ripon in central Wisconsin. The sales price was not disclosed. The property is situated on 13 acres at 100 Creative Way and is served by the Wisconsin Southern Railroad. The buyer, Rogers & Rogers Inc., intends to occupy about one-half of the building and lease the other half to other companies within

Berkadia Arranges $9.5M Sale of Multifamily Property in Milwaukee

MILWAUKEE — Berkadia has arranged the sale of Franklin Park Apartments in Milwaukee for $9.5 million. The 128-unit multifamily property was 95 percent occupied at the time of sale. Ralph DePasquale, Parker Stewart and Alex Blagojevich of Berkadia represented the seller, Milwaukee-based Brickman Real Estate and Peloton Investors. Chicago-based Tricap Residential Group purchased the

Creativity, Flexibility Are Paramount in Milwaukee’s Retail Market

Milwaukee, a city known for beer, motorcycles and baseball, is currently in a position of shifting from what was once perceived as the normal retail marketplace into the new age of retail. This type of retail is ever-changing and has a deeper focus on experiential activities and artisanal food. These two words, “experiential” and “artisanal,” are frequently being used to describe where the retail landscape is heading. Online competitors, as well as changing consumer preferences, are …

Berkadia Opens Office in Milwaukee, Adds Mortgage Banking Team Members

MILWAUKEE — Berkadia has opened a new office in Milwaukee’s Third Ward. Commercial real estate finance veterans Mark Dellonte and Amy Barry will be based at the new office, which is located at 342 N. Water St. Dellonte will be responsible for enhancing Berkadia’s overall offerings, including FHA/HUD financing in Wisconsin and the Midwest. Dellonte formerly served as president and CEO of Love Funding Corp. Barry formerly worked at Fannie Mae. Both will report to Steve Ervin, senior vice …

J. Jeffers & Co. Breaks Ground on $60M Office Building in Milwaukee

MILWAUKEE — J. Jeffers & Co. has broken ground on the Huron Building, an 11-story, Class A office development in Milwaukee. Located in the downtown’s Third Ward, the project will span 163,000 square feet. Law firm Husch Blackwell has pre-leased 48 percent of the property. Completion is slated for December 2020. J. Jeffers & Co. received a $39 million construction loan from Associated Bank and a $21 million equity investment, including $14 million raised on crowdfunding platform …

Hospitality Properties Trust Acquires Milwaukee-Area Hotel for $30M

WAUWATOSA, WIS. — Hospitality Properties Trust has acquired the 198-room Crowne Plaza Milwaukee West in Wauwatosa for $30 million. The full-service hotel, built in 2008, includes 6,100 square feet of meeting space, a health and fitness center, indoor pool, restaurant and lounge. IHG operates the property. Atlanta-based Peachtree Hotel Group was the seller, according to local

Menasha Packaging Renews 113,778 SF Industrial Lease in Cudahy, Wisconsin

CUDAHY, WIS. — Menasha Packaging Co. has renewed its 113,778-square-foot industrial lease in Cudahy, about seven miles south of Milwaukee. The property is located at 6185 S. Ace Industrial Drive. Bill Langhoff of Colliers International brokered the lease transaction. The landlord was not disclosed. Menasha Packaging is an independent, retail-focused packaging and merchandising solutions

Construction Is Booming for Milwaukee Multifamily Market

It is widely acknowledged among commercial real estate professionals in the Milwaukee market that we are in the midst of a renaissance of sorts — certainly the most exciting period in the past few decades to be actively involved in the industry. From the Harbor District to the Deer District (the newly branded area around Fiserv Forum), new neighborhoods and exciting destinations are sprouting up. This resurgence continues to attract residents and developers who are quickly creating the …

Hunt Capital Partners Arranges LIHTC Financing for $34.4M Seniors Housing Development in Wisconsin

FITCHBURG, WIS. — Hunt Capital Partners, in collaboration with Plesko Properties LLC, has arranged federal and state low-income housing tax credit (LIHTC) equity financing for the construction of Fitchburg Senior Apartments. Located in the Madison suburb of Fitchburg, the community will feature 160 affordable housing units for seniors who are age 55 and older. Units will be restricted to households who earn up to 80 percent of the area median income. The development team broke ground on …

Morgan/Harbour to Construct Milwaukee Speculative Warehouse on Behalf of Scannell

MILWAUKEE — Morgan/Harbour Construction has been selected to build a 150,000-square-foot speculative warehouse on behalf of Scannell Properties in Milwaukee. Located on a 12.5-acre parcel, the building will feature 15 exterior docks and 22 trailer stalls. Paul Woody Architect Inc. and Pinnacle Engineering Group make up the project team. Jeff Hoffman of The Boerke Company will market the property for lease. Completion is slated for this

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