Wisconsin

EAU CLAIRE, WIS. — PACE Loan Group has provided $8 million in C-PACE financing for The Washington, a 200-unit luxury apartment project to be built in Eau Claire, a city in western Wisconsin. The financing fills out the $41 million capital stack, which includes $20 million in debt and $13 million in equity. The three-building project will comprise a former managed care facility and two new ground-up buildings. The 10-acre site is located within two miles of the University of Wisconsin-Eau Claire and numerous healthcare facilities. The former managed care facility, which originally opened in 1937, will house amenities including a 2,000-square-foot commercial space on the first floor, rooftop deck, fitness center, clubroom, coworking space, media room, yoga studio, outdoor heated pool, dog park and dog washing station. It will also include 53 multifamily units. One of the new buildings will consist of 87 units; the other will feature 60 units. Both will have fitness centers, clubrooms, media rooms and underground parking. Construction will begin shortly and is slated for completion by September 2025. The PACE proceeds will be used to finance energy conservation and renewable energy measures. Qualifying projects include building envelope, Energy Star windows, high-efficiency HVAC, domestic hot …

FacebookTwitterLinkedinEmail

WAUWATOSA, WIS. — Marcus & Millichap has arranged the $6.4 million sale of Gallatin Apartments in Wauwatosa, located immediately west of Milwaukee. Built in 2020, the 27-unit apartment building is located at 2515 N. Wauwatosa Ave. Amenities include a fitness center, underground parking, bicycle storage, a rooftop deck and private dog run. Matthew Whiteside, Mark Peltin and Blake Hanlon of Marcus & Millichap represented the undisclosed seller. Whiteside procured the buyer, which was also undisclosed.

FacebookTwitterLinkedinEmail

WHITEWATER, WIS. — Cost Cutters Hair Salon has signed a 1,670-square-foot lease to open at Whitewater Plaza shopping center in Whitewater, a city in southern Wisconsin. The property is located at 1139 W. Main St. Conor Farrell and Matthew Beadle of Founders 3 Real Estate Services represented the landlord, an entity doing business as PNL Whitewater LLC.

FacebookTwitterLinkedinEmail

GREENFIELD, WIS. — Founders 3 Real Estate Services has brokered the $1.7 million sale of a 21,848-square-foot flex industrial facility in Greenfield, a southern suburb of Milwaukee. The property is located at 3442 S. 103rd St. Derek Yentz of Founders 3 represented the seller, Progressive Casualty Insurance Co. The buyer was an entity doing business as SAM-Progressive LLC.

FacebookTwitterLinkedinEmail

MILWAUKEE — LifeStance Health, formerly operating as Cornerstone Counseling Services SC, has renewed its 8,226-square-foot office lease at 5007 S. Howell Ave. in Milwaukee. Joe Mortiz of Colliers negotiated the lease. LifeStance Health employs approximately 6,600 psychiatrists, advanced practice nurses, psychologists and therapists, and operates across 33 states and approximately 550 centers.

FacebookTwitterLinkedinEmail

PEWAUKEE, WIS. — Anchor Wealth Partners LLC has signed a 1,953-square-foot office lease in Pewaukee, a western suburb of Milwaukee. The property, Squires III, is located on Riverwood Drive. John Davis and Ned Purtell of Founders 3 Real Estate Services represented the owner, R2 Properties.  

FacebookTwitterLinkedinEmail

MUSKEGO, WIS. — Midwest Twisters, a company that facilitates gymnastics, ninja and parkour for youth, has leased a 10,922-square-foot industrial space in Muskego, a southwest suburb of Milwaukee. The industrial flex property is located on Mercury Drive with convenient access to Racine Avenue, a main thoroughfare in Muskego. Anthony Stevens of NAI Greywolf represented the undisclosed landlord.

FacebookTwitterLinkedinEmail

NEW HOLSTEIN, WIS. — Greywolf Brokerage LLC, a division of Greywolf Partners Inc., has arranged the $3.7 million sale of a 122,500-square-foot industrial building in New Holstein, about 43 miles south of Green Bay. The property sits on six acres at 2221 Calumet Drive. The fully leased building features 10 loading docks, five drive-in doors and a clear height of 20 feet. Buyer and seller information was not provided.

FacebookTwitterLinkedinEmail

ILLINOIS AND WISCONSIN — Walker & Dunlop Inc. has arranged $65.7 million in 232/223(f) and 241(a) HUD loans for seven skilled nursing facilities in Illinois and Wisconsin over the course of four months. Joshua Rosen, Brad Annis and Johnny Rice of Walker & Dunlop arranged the construction loans and refinancings on behalf of five clients. The properties, which total 376 units, include Elevate Care Waukegan, Asbury of Kankakee, Allure of Galesburg, Allure of Moline, Crossroads Care Center of Sun Prairie, Aperion Care St. Elmo and Crossroads Care Center of Fond Du Lac.

FacebookTwitterLinkedinEmail
Newer Posts