Wisconsin Archives - REBusinessOnline

Zilber Acquires 97 Acres in Wisconsin’s LakeView Corporate Park

Kristin Harlow — Fri, 20 Mar 2026 13:19:57 +0000

PLEASANT PRAIRIE, WIS. — Zilber Property Group has acquired approximately 97 acres spanning four parcels within LakeView Corporate Park in Pleasant Prairie. The land sites are capable of accommodating five projects totaling roughly 875,000 square feet. The parcels are some of the last remaining available M-2 zoned (manufacturing and distribution) undeveloped lots within the park. Zilber says it plans to pursue phased development to meet continued demand from manufacturing, distribution and e-commerce users seeking modern, flexible industrial space in Southeast Wisconsin. LakeView Corporate Park, the largest industrial park in Wisconsin, is located directly off I-94 at Highway 165 and spans more than 2,000 acres. The park encompasses more than 10 million square feet of development and is home to nearly 100 companies. Amenities include a recreation center, public lake and park, dedicated nature conservancy, onsite daycare facility and a trail system. The Forest County Potawatomi Community sold the land.

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CBRE Arranges $8.3M Sale of Multifamily Property in Milwaukee

Kristin Harlow — Thu, 19 Mar 2026 13:36:37 +0000

MILWAUKEE — CBRE has arranged the sale of Sage on Prospect, a 34-unit multifamily property in Milwaukee’s Lower East Side neighborhood. Three Sixty Real Estate Solutions LLC purchased the asset from Dominion Properties. CBRE’s Sean Beuche, Matson Holbrook, Gretchen Richards and Patrick Gallagher represented the seller, which recently renovated the former assisted living facility. The project included the addition of two floors with balconies overlooking Lake Michigan. The property is the only in the market to receive LEED Platinum certification. Built in 2016, the property features a mix of one- and two-bedroom floor plans.

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Allegis Hardware to Build 90,000 SF Warehouse at Slinger Merchant Village in Wisconsin

Kristin Harlow — Wed, 11 Mar 2026 13:37:29 +0000

SLINGER, WIS. — Allegis Hardware has received approval to build a 90,000-square-foot production, warehouse and office facility within Slinger Merchant Village, a development by Three Leaf Partners in Slinger, about 35 miles northwest of Milwaukee. Groundbreaking is slated for April. The project will consolidate Allegis Hardware’s production, warehousing and administrative operations into a single facility. The building is permitted under the Planned Unit Development governing Merchant Village, which allows up to 66.9 acres for business and light manufacturing uses. The site plan includes parking along the northwest portion of the parcel and a loading dock area on the southeast side of the building. Founders 3 Commercial Services is the broker for the project.

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CBRE Negotiates Two Lease Renewals Totaling 233,694 SF at Lab Facilities in Middleton, Wisconsin

Kristin Harlow — Wed, 04 Mar 2026 14:42:49 +0000

MIDDLETON, WIS. — CBRE has negotiated two 20-year lease extensions totaling 233,694 square feet for Thermo Fisher Scientific’s PPD clinical research business in Middleton near Madison. The Boston-based life sciences company will continue to occupy both laboratory buildings. CBRE’s Chase Brieman and James West represented the landlord, an affiliate of New York City-based global investment manager Nuveen. John Boyle and Roger Williams of Cushman & Wakefield and Craig Stanley and Deana Porter of Broadwing Advisors represented the tenant.

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Northmarq Arranges $10.7M Sale of Senior Living Portfolio in Madison Metro Area

Kristin Harlow — Thu, 26 Feb 2026 14:09:06 +0000

MADISON AND VERONA, WIS. — Northmarq has arranged the $10.7 million sale of Westminster and Prairie Oaks II, two senior living communities totaling 102 units in the Madison metro area. Both properties operate under low-income housing tax credit restrictions through 2032 and are designated for residents age 55 and older. Westminster in Verona was built in 2003, and Prairie Oaks II in Madison was constructed in 2002. Both feature one- and two-bedroom floor plans with amenities such as underground heated parking, community lounges, fitness and business centers and onsite management. Jake Lamb, Parker Stewart, Dominic Martinez and Alex Malzone of Northmarq represented the seller, Lakeside Capital Advisors. TPW Properties was the buyer.

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Berkadia Arranges $69M in Acquisition Financing for Two Multifamily Properties in Wisconsin

Kristin Harlow — Wed, 25 Feb 2026 14:54:43 +0000

PLEASANT PRAIRIE, WIS. — Berkadia has arranged the sale and $69 million in acquisition financing for Cobblestone Creek and Fountain Ridge, two multifamily properties in Pleasant Prairie within Kenosha County. Pete Evans and Richard Evans of Berkadia represented the undisclosed seller, while Laura Cathlina, Chris Blechschmidt and Emily Stang of Berkadia arranged Freddie Mac financing on behalf of the buyer, Illinois-based Santefort Real Estate Group. Cobblestone Creek is a four-building, 164-unit community built from 2013 to 2015. Fountain Ridge consists of 262 units across 13 buildings and was built from 2017 to 2019. Both properties have been consistently fully occupied and present value-add upside, according to Berkadia.

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McShane Completes 72-Unit Senior Living Community in Mukwonago, Wisconsin

Kristin Harlow — Tue, 24 Feb 2026 14:19:37 +0000

MUKWONAGO, WIS. — McShane Construction Co. has completed Azura Mukwonago, a 72-unit assisted living and memory care community in Mukwonago, about 30 miles southwest of Milwaukee. Azura Living was the developer. Designed by EUA, Azura Mukwonago integrates two assisted living buildings and one memory care building on a 6.4-acre site. A 35-foot barn serves as a storage facility. Amenities include community rooms, dining rooms, kitchens, sunrooms, a fitness area, spa, salon, community garden, walking paths, a putting green, bocce ball courts and courtyards.

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Hendricks Commercial Properties Begins Development of 11,223 SF Coworking Space Near Milwaukee

Kristin Harlow — Tue, 24 Feb 2026 14:18:44 +0000

DELAFIELD, WIS. — Hendricks Commercial Properties (HCP) has begun development of Irontek, a new flexible workspace in Delafield, about 27 miles west of Milwaukee. Located at The Grain (West Building), Irontek will encompass 11,223 square feet and is scheduled to open this summer. Irontek’s Delafield location will include 37 private offices, 24 dedicated desks and open workspace options. Members will have access to a variety of meeting and collaboration spaces, including one 18-person conference room, three drop-in huddle rooms accommodating four to eight people and three private phone booths for calls and virtual meetings. Irontek offers flexible lease terms. High-speed Wi-Fi, utilities, furnishings, maintenance and shared amenities are all included. The project marks HCP’s second Irontek location, joining the one in Beloit, Wis., that opened in 2016. The project team includes Corporate Contractors Inc., Galbraith Carnahan Architects, Harwood Engineering Consultants and Henricksen as interior partner. All are based in Wisconsin. The Grain is a mixed-use destination developed by HCP in 2023.

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Terramed Acquires BluePearl Pet Hospital in Appleton, Wisconsin for $7.1M

Kristin Harlow — Fri, 20 Feb 2026 14:00:00 +0000

APPLETON, WIS. — Terramed Real Estate Solutions has acquired BluePearl Pet Hospital Fox Valley, a veterinary facility in Appleton within Wisconsin’s Fox Valley, for $7.1 million. The 32,232-square-foot emergency, specialty and urgent care property is the only 24-hour veterinary hospital in East Central Wisconsin. The transaction included the renegotiation of a new 10-year lease. The hospital’s team of 20 veterinarians offers orthopedic and soft-tissue surgery, internal medicine, dermatology, oncology, medical imaging and other advanced services. Terramed now holds a national portfolio of nearly 2 million square feet of medical real estate.

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NAI Pfefferle Brokers Sale of 13,500 Sf Office Building in Green Bay

Kristin Harlow — Tue, 10 Feb 2026 15:34:00 +0000

GREEN BAY, WIS. — NAI Pfefferle has brokered the sale of a 13,500-square-foot office building located at 3450 Packerland Drive in Green Bay. The sales price was not disclosed, but the asking price was $2.9 million. Adam Meyers of NAI Pfefferle brokered the sale.

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Marcus & Millichap Arranges $4.9M Sale of Best Buy-Occupied Retail Building in Lake Geneva, Wisconsin

Kristin Harlow — Thu, 29 Jan 2026 14:02:37 +0000

LAKE GENEVA, WIS. — Marcus & Millichap has arranged the $4.9 million sale of a 30,162-square-foot retail building net leased to Best Buy in Lake Geneva, about 50 miles southwest of Milwaukee. Best Buy has occupied the property, which is part of a retail strip center shadow anchored by Target, since it was built in 2008. Jeff Rowlett and Eric Wagner of Marcus & Millichap represented the seller, BB Geneva LLC, and procured the buyer, Agree Central LLC.

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Barry Co. Brokers Sale of 248,098 SF Warehouse Formerly Occupied by Jelly Belly in Southeast Wisconsin

Kristin Harlow — Wed, 28 Jan 2026 14:34:59 +0000

PLEASANT PRAIRIE, WIS. — The Barry Co. has brokered the sale of the former warehouse and retail facility for Jelly Belly in Pleasant Prairie. The candy company closed its operations at the property in 2020. The facility is now occupied by Rust-Oleum and SMT Packaging, tenants that were procured by Barry Co. after Jelly Belly moved. Kevin Barry and David Buckley of Barry Co. represented the undisclosed seller. The buyer was 9th and Main LLC.

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Brennan Investment Group Buys 801,728 SF Industrial Portfolio in Metro Chicago, Milwaukee

Kristin Harlow — Wed, 21 Jan 2026 14:30:14 +0000

CHICAGO AND MILWAUKEE — Brennan Investment Group has acquired an 801,728-square-foot industrial portfolio located across the Chicagoland and Milwaukee markets. The portfolio is comprised of 13 shallow-bay industrial buildings with a diverse tenant mix and a weighted average lease term of more than four years. The Chicago submarkets include I-55, Lake County, Northern DuPage and Central Kane/I-88, while the Milwaukee properties are located within the Airport and Northwest submarkets. Brennan’s Midwest portfolio totals 28 million square feet.

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Cinnaire Closes $134M LIHTC Fund for 12 Affordable Housing Projects Across Five States

Kristin Harlow — Tue, 20 Jan 2026 13:47:23 +0000

LANSING, MICH. — Cinnaire has closed a $134 million low-income housing tax credit (LIHTC) fund, Cinnaire Fund for Housing 44. The fund will finance 12 affordable housing developments across five states, creating or preserving 950 homes for families, seniors and individuals with special needs. Fund 44 will support developments such as Chamberlain House in Rochester, Ind., East Bay Flats in Traverse City, Mich. and Element Collective in Madison, Wis. Chamberlain House is a new development with 40 affordable housing units for families, including eight units reserved for Indiana’s State Referral Network with project-based vouchers from the Indiana Housing & Community Development Authority. Housing Directions and Village Management Co. is developing the project. East Bay Flats is a rehabilitation project delivering 64 affordable homes for individuals who are homeless or at risk of homelessness. All units are supported by project-based rental subsidies from the Michigan State Housing Development Authority, with onsite supportive services provided by Goodwill Northern Michigan. The development team includes Goodwill Northern Michigan and TJ Acquisitions. Element Collective is a new property in Dane County that will create 197 affordable homes for families, including five units reserved for individuals experiencing or at risk of homelessness. As part of…

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Colliers Arranges Sale-Leaseback of 290,000 SF Industrial Portfolio in Wisconsin, Indiana

Kristin Harlow — Tue, 20 Jan 2026 13:45:33 +0000

NEW BERLIN, WIS. AND VALPARAISO, IND. — Colliers has arranged the sale-leaseback of an approximately 290,000-square-foot industrial portfolio for tenant Dynatect Manufacturing Inc., a provider of engineered equipment protection and safety solutions. The portfolio comprises two facilities in New Berlin, Wis., and an additional property in Valparaiso, Ind., within the Chicago metro area. New Berlin-based Dynatect executed a long-term lease across all three properties. Tom Shepherd, John Kardelis and Jennifer Huber-Bullock of Colliers represented Dynatect as its exclusive real estate advisor. CIM Group was the buyer.

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Marcus & Millichap Arranges Sale of 67-Room Boutique Hotel in La Crosse, Wisconsin

Kristin Harlow — Fri, 16 Jan 2026 14:00:00 +0000

LA CROSSE, WIS. — Marcus & Millichap has arranged the sale of The Charmont Hotel, a 67-room boutique hotel property in La Crosse. The property was formerly a 19th-century candy factory. The hotel features a full-service restaurant, rooftop terrace, fitness center and more than 900 square feet of meeting space. Open since 2017, the asset is steps from the Mississippi River. Ebrahim Valliani, Michael Klar, Dan Danielak and Todd Lindblom of Marcus & Millichap represented the seller, a private investor group, and procured the buyer, Diane Hendricks, founder of Hendricks Commercial Properties LLC. The transaction received additional support from Chris Gomes and Allan Miller of Marcus & Millichap’s Miller-Gomes Hotel Team.

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Barry Co. Brokers Sale of 23,267 SF Industrial Building in Port Washington, Wisconsin

Kristin Harlow — Thu, 15 Jan 2026 14:55:53 +0000

PORT WASHINGTON, WIS. — The Barry Co. has brokered the sale of a 23,267-square-foot industrial building with a separate 4,800-square-foot outbuilding in Port Washington. David Buckley of Barry represented the seller, while Mark Gorski of Summit Commercial Real Estate represented the buyer, Gurtz Electric of Port Washington LLC. Dr. Ag Services Inc. had previously bought the building in April 2024 and completed a strategic repositioning, increasing the property value by about 48 percent when sold again after 18 months.

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Mid-America Brokers Sale of 714,000 SF Retail Portfolio Across Three States

Kristin Harlow — Tue, 06 Jan 2026 13:56:28 +0000

MICHIGAN, WISCONSIN AND ALABAMA — Mid-America Real Estate Corp. has brokered the sale of a four-property shopping center portfolio totaling over 714,000 square feet of retail space across Michigan, Wisconsin and Alabama. Atlanta-based RCG Ventures sold the portfolio to Beaumont, Texas-based Albanese Cormier. Bison Hollow Shopping Center in Traverse City, Mich., totals 134,798 square feet and is fully leased to Kohl’s, T.J. Maxx and Michaels. The 152,073-square-foot Oak Brook Square in Flint, Mich., is 97 percent leased. Tenants include T.J. Maxx, Hobby Lobby, Five Below, Dollar Tree, Skechers, Bath & Body Works and Buffalo Wild Wings. In Oshkosh, Wis., a two-tenant building totaling 52,302 square feet is fully occupied by Dick’s Sporting Goods and PetSmart. McGowin Park in Mobile, Ala., totals 374,881 square feet and is 98 percent leased to Dick’s House of Sport, Best Buy, Hobby Lobby, Ross, Petco and Old Navy. Ben Wineman of Mid-America brokered the sale in cooperation with Greg Hess of TSCG on McGowin Park; Daniel Stern of Mid-America on Bison Hollow and Oak Brook Square; and Nick Kohlmann, George Ghattas and Dan Rosenfeld of Mid-America on the Wisconsin property.

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W. P. Carey Acquires Four Midwest Inpatient Rehab Facilities for $137M

Kristin Harlow — Thu, 18 Dec 2025 13:50:20 +0000

INDIANA, LOUISIANA, WISCONSIN AND KANSAS — W. P. Carey has acquired four inpatient rehabilitation facilities (IRF) located in Indiana, Louisiana, Wisconsin and Kansas for $137 million. New Era Cos. and WB Development Partners developed and owned the 191,000-square-foot portfolio. The properties are triple-net leased to NewEra Nobis Operations Holdings, a healthcare provider specializing in comprehensive rehabilitation services for patients recovering from debilitating illnesses and injuries. The weighted average lease term is 17 years with fixed annual rent increases. As part of the transaction, W. P. Carey is also funding a 10-bed expansion of the Kansas facility. Nobis Rehabilitation Parters manages the properties. The inpatient rehabilitation sector largely serves elderly and Medicare-eligible individuals. IRFs typically provide shorter lengths of stay and superior health outcomes relative to other post-acute options, according to W. P. Carey.

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Smith Gilbane Underway on 199-Unit Apartment Complex at Madison Yards in Wisconsin

Kristin Harlow — Wed, 17 Dec 2025 14:13:49 +0000

MADISON, WIS. — Smith Gilbane, the joint venture development team comprised of Gilbane Development and Summit Smith Development, is underway on Block Three at Madison Yards. The project is the latest phase of the Madison Yards master-planned community. Smith Gilbane is redeveloping 14 acres at the southwest corner of University Avenue and Segoe Road into a walkable, mixed-use district with 500 residential units, an upscale hotel, multiple Class A office spaces, 400,000 square feet of medical/office space, a Whole Foods Market store and retail, restaurant and entertainment uses. Block Three will include 199 market-rate apartment units, 8,733 square feet of retail space and 200 temperature-controlled parking stalls. Construction began in July, and the first occupants are anticipated to move in during the spring, following construction completion in March 2027. Amenities will include a private courtyard, rooftop sky club and deck with views of Lake Mendota, coworking spaces, fitness and yoga areas, a pet spa, sauna and a three-season greenhouse. Completed components of Madison Yards include EO Madison Yards, a 273-unit apartment building; a 50,000-square-foot Whole Foods Market store; a State of Wisconsin office building; and a hub of Class A office space.

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