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Wisconsin

AcquisitionsMidwestMultifamilyWisconsin

JVM Realty Corp. Acquires 300-Unit Luxury Apartment Community in Madison, Wisconsin

by Kristin Harlow

MADISON, WIS. — JVM Realty Corp. has acquired Wrenfield at Pleasant View, a 300-unit luxury apartment community in Madison. Berkadia brokered the sale, and Continental Properties was the seller. JVM rebranded the community from Springs at Pleasant View. Completed in 2022, the property features townhome-style design with private entries across 15 two-story buildings. Floor plans average more than 1,000 square feet and come in one-, two- and three-bedroom layouts. Amenities include a pool, fitness center, clubhouse, business center, car wash and two dog parks with a pet spa area. JVM now owns and manages 21 communities throughout the Midwest.

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Data CentersDevelopmentIndustrialMidwestWisconsin

Vantage Data Centers, Wisconsin Building Trades Council Partner on $15B Port Washington Campus

by Kristin Harlow

PORT WASHINGTON, WIS. — Vantage Data Centers and the Wisconsin Building Trades Council have partnered to build the previously announced Lighthouse data center campus in Port Washington, a northern Milwaukee suburb located along Lake Michigan. The $15 billion-plus, privately funded investment will require a workforce of more than 4,000 skilled construction workers over a three-year period and will rely on local union labor to the fullest extent possible. The new campus, part of OpenAI and Oracle’s Stargate expansion, will feature four data centers. Completion is slated for 2028. Once complete, Vantage and Oracle will create more than 1,000 long-term jobs and thousands more indirect jobs. Lighthouse is designed to preserve local resources, support new clean energy resources and advance environmental stewardship.

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AcquisitionsMidwestMultifamilyWisconsin

Marcus & Millichap Brokers $5.1M Sale of Multifamily Portfolio in Platteville, Wisconsin

by Kristin Harlow

PLATTEVILLE, WIS. — Marcus & Millichap has brokered the $5.1 million sale of a 66-unit multifamily portfolio in Platteville, a city in southwestern Wisconsin. Blake Hanlon and Mark Peltin of Marcus & Millichap represented the seller and procured the buyer, a group of investors from out of state. Michael Hughes of Marcus & Millichap Capital Corp. arranged acquisition financing. The sale marked the first time the properties had ever been brought to market. The majority of the portfolio was developed and held by the same family office for more than 40 years. The new ownership plans to improve operations. The buildings feature a mix of floor plans and are situated near the University of Wisconsin-Platteville.

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AcquisitionsMidwestMixed-UseWisconsin

Colliers Negotiates $6.8M Sale of Mixed-Use Portfolio in Brookfield, Wisconsin

by Kristin Harlow

BROOKFIELD, WIS. — Colliers has negotiated the $6.8 million sale of Six65 Brookfield in suburban Milwaukee. The portfolio features a 24-unit apartment building and a three-unit mixed-use property along Brookfield Road. Ted Stratman and Tyler Hague of Colliers brokered the transaction. The asset sold to a California-based investor completing a 1031 exchange.

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AcquisitionsMidwestRetailWisconsin

Mid-America Arranges Sale of 167,533 SF Point Loomis Shopping Center in Milwaukee

by Kristin Harlow

MILWAUKEE — Mid-America Real Estate Corp. has arranged the sale of Point Loomis, a grocery-anchored shopping center in Milwaukee’s Southpoint neighborhood. The fully leased property is home to Kohl’s, Pick ’n Save, Chase Bank, Dunkin’, Tropical Smoothie Café and Spectrum. Joe Girardi, Patrick Corrigan and Dan Rosenfeld of Mid-America represented the seller. A private buyer purchased the asset.

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DevelopmentMidwestRetailWisconsin

Topgolf Begins Development of First Venue in Wisconsin Near Madison

by Kristin Harlow

MONONA, WIS. — Topgolf has broken ground on its first venue in the state of Wisconsin. The two-level venue is set to open in fall 2026 and is located in Monona, about eight miles east of Madison. Topgolf will employ about 200 to 250 people at the property at 6400 Gisholt Drive. Topgolf Wisconsin will feature 72 outdoor climate-controlled hitting bays. Each bay will have lounge-type furniture or high-top tables. The venue will be equipped with Toptracer technology, which traces each golf ball’s flight path, distance and other metrics. There will also be a full-service restaurant and bar, more than 100 TVs, music and year-round family-friendly programming. An event space and outdoor patio will allow for team outings, family gatherings, meetings or celebrations.

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DevelopmentIndustrialMidwestWisconsin

McShane Completes 372,000 SF Manufacturing Facility for Schuetz Container Systems in Kenosha, Wisconsin

by Kristin Harlow

KENOSHA, WIS. — McShane Construction Co. has completed a build-to-suit manufacturing and distribution facility for Schuetz Container Systems in Kenosha. The manufacturer of industrial packaging is part of Germany-based Schütz Group. McShane provided design-build services for the 372,000-square-foot building, which offers a clear height of 40 feet, 48 truck docks, four drive-in doors, 245 trailer parking spaces and six 4,000-amp power services. The project also includes a two-story, 14,000-square-foot office, mezzanines throughout the manufacturing areas and four interior cranes to assist with equipment installation and moving materials. McShane also completed a railroad extension, bringing three rail lines to the site. Harris Architects served as the architect.

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AcquisitionsIndustrialMidwestWisconsin

NAI Pfefferle Brokers Sale of 33,315 SF Industrial Facility in Central Wisconsin

by Kristin Harlow

WAUSAU, WIS. — NAI Pfefferle has brokered the sale of a 33,315-square-foot industrial facility in central Wisconsin’s Wausau. The property is located at 840 S. 66th Ave. The sales price was not disclosed, but the asking price was $2.2 million. TJ Morice of NAI Pfefferle brokered the sale.

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Build-to-RentLoansMidwestSingle-Family RentalWisconsin

BWE Secures $33.6M in Financing for Build-to-Rent Community in Oak Creek, Wisconsin

by Kristin Harlow

OAK CREEK, WIS. — BWE has secured $33.6 million in permanent financing for Heyday Oak Creek, a 130-unit build-to-rent community in the Milwaukee suburb of Oak Creek. Dan Rosenberg, Tim Caffrey and Logan Petersmeyer of BWE arranged the Fannie Mae loan on behalf of Heyday, a Chicago-based developer specializing in build-to-rent communities. The financing paid off the construction loan and closed immediately upon the conclusion of the property’s initial lease-up. The recently built property includes 22 ranch-style buildings with a mix of one-, two- and three-bedroom homes.

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LoansMidwestRetailWisconsin

MMCC Secures $8M in Financing for Retail Center in Hales Corners, Wisconsin

by Kristin Harlow

HALES CORNERS, WIS. — Marcus & Millichap Capital Corp. (MMCC) has secured an $8 million loan for Hales Corners Plaza, a 94,207-square-foot retail center in the Milwaukee suburb of Hales Corners. The property is fully leased to tenants such as Great Clips, AT&T, a nail salon and a physical therapy clinic. Michael Hughes of MMCC arranged the financing on behalf of the private client. A credit union provided the five-year loan, which features a 75 percent loan-to-value ratio, 6 percent interest rate and 30-year amortization period.

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