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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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CBRE Brokers Sale of Four-Property Multifamily Portfolio in Milwaukee for $29.7M

Kristin Harlow — Wed, 17 Dec 2025 14:12:55 +0000

MILWAUKEE — CBRE has arranged the sale of a four-property, 358-unit multifamily portfolio in Milwaukee for $29.7 million. The portfolio includes Parkview Apartments, Lisbon Court, Hampton Gardens and Grantosa Apartments. The garden-style properties include parking, laundry facilities, community spaces and patios or balconies for most units. CBRE’s Matson Holbrook, Gretchen Richards, Sean Beuche and Patrick Gallagher represented the seller, Milwaukee-based Metropolitan Associates. Brookfield, Wis.-based Coachlight Communities LLC was the buyer.

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Milwaukee Industrial Market: Steady Demand, New Opportunities

Kristin Harlow — Thu, 11 Dec 2025 13:30:00 +0000

By David Hodge and Tom Nickols, NAI Pfefferle While the national headlines often focus on trends such as rising vacancies and cooling rent growth, Milwaukee and its surrounding metros are telling a different story. Here resilience defines the market, and in some cases, opportunities are emerging due to our strategic location, balanced development and supportive business climate. Rate cuts change landscape The Federal Reserve’s recent rate cuts have altered the investment landscape. For the first time in years, capital markets are starting to unlock. Lower borrowing costs are already sparking new conversations with investors who had been sitting and waiting on the sidelines. This adjustment matters. Refinancing options are improving for property owners, development projects are resurfacing after being shelved for high financing costs and capital is beginning to flow again. For occupiers, rate cuts also open doors. Lower borrowing costs for developers encourage new construction and tailored build-to-suit options. This ultimately expands the range of available facilities and results in a healthier environment where tenants can negotiate from a position of choice rather than constraint. While many national markets remain hampered by an oversupply of speculative space, Milwaukee’s pipeline positions it for long-term strength compared to its peers. Local…

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Hanley Investment Group Brokers $25.4M Sale of Green Bay Plaza Shopping Center in Wisconsin

Kristin Harlow — Wed, 10 Dec 2025 14:40:24 +0000

GREEN BAY, WIS. — Hanley Investment Group Real Estate Advisors has brokered the $25.4 million sale of Green Bay Plaza, a 232,796-square-foot shopping center anchored by T.J. Maxx, HomeGoods and Ross Dress for Less in Green Bay. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley, in association with ParaSell Inc., represented the seller, Anenberg Asset Management, a family office based in Newport Beach, Calif. The buyer, Chicago-based Core Acquisitions, was self-represented. Built in 1960 and expanded in 2003, Green Bay Plaza is 89 percent occupied. Additional tenants include Burlington, Dollar Tree, Sierra, Five Below, Crunch Fitness and Skechers Outlet. The property is located two miles from Lambeau Field, home of the Green Bay Packers.

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Mid-America Negotiates Sale of 96,323 SF Retail Center in Antigo, Wisconsin

Kristin Harlow — Tue, 09 Dec 2025 13:51:44 +0000

ANTIGO, WIS. — Mid-America Real Estate Corp. has negotiated the sale of North Town Centre in Antigo, a city in northern Wisconsin. The sales price was $5.2 million. Built in 1988, the 96,323-square-foot retail center is anchored by TJ Maxx, Dunham’s Sports, Dollar Tree and Shoe Sensation. More than 67 percent of the occupied gross leasable area has operated at the center for more than 14 years. Rick Drogosz, Emily Gadomski, Eric Geskermann and Dan Rosenfeld of Mid-America represented the seller, Infinite Equity Capital LLC. The asset was fully leased at the time of sale.

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Milwaukee Office Market Proves That Resilience Sparks Reinvention

Kristin Harlow — Thu, 04 Dec 2025 13:30:00 +0000

By Matt Hunter, Hunter Real Estate Milwaukee’s office market, like many others across the country, is in flux. Rising costs, shifting tenant demands and looming debt maturities are all testing the market’s strength. But out of that pressure comes reinvention, and Milwaukee is proving it’s up for the challenge. High-quality, well-located, amenity-rich office buildings are more important than ever. They’re essential to attracting and retaining top talent. Office buildings don’t just serve the tenants that occupy them, they grow the tax base, support local businesses, drive housing demand and help build a more vibrant and economically resilient city. One of the most defining features of Milwaukee’s current office market is what’s not happening: there’s virtually no new construction. With high interest rates, continually increasing construction costs and economic uncertainty, ground-up office development has largely stalled. This has created a limited supply of modern, Class A office space, just as tenants are placing greater emphasis on quality. That supply-demand imbalance is driving increased competition for top-tier buildings and putting upward pressure on rents in this high-end segment. Tenants want less space but better-quality space, and they’re willing to pay a premium for it. This is a significant opportunity for landlords of…

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Marcus & Millichap Brokers Sale of 102-Room Hampton Inn Milwaukee-Airport Hotel

Kristin Harlow — Mon, 01 Dec 2025 14:57:58 +0000

MILWAUKEE — Marcus & Millichap has brokered the sale of the 102-room Hampton Inn Milwaukee-Airport hotel. The three-story property is situated on 3.9 acres at 1200 W. College Ave., less than three miles from the Milwaukee Mitchell International Airport. Amenities include an indoor pool, fitness center, business center, breakfast area and shuttle service. Ebrahim Valliani of Marcus & Millichap represented the seller and procured the buyer, both of which were private investment groups. The transaction received additional support from Michael Klar, Chris Gomes and Allan Miller of the Miller-Gomes Hotel Team.

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Mid-America Negotiates Sale of 117,078 SF Shopping Center in Monona, Wisconsin

Kristin Harlow — Wed, 26 Nov 2025 14:27:59 +0000

MONONA, WIS. — Mid-America Real Estate Corp. has negotiated the sale of Pier 37, a shopping center in Monona, a suburb of Madison. The 117,078-square-foot, grocery-anchored property features a freestanding Metro Market, one of the most popular grocery chains in Wisconsin by market share and number of locations. The center is also home to Staples, Woodcraft, Buffalo Wild Wings, Starbucks, Jimmy John’s and Verizon. Rick Drogosz and Patrick Corrigan of Mid-America represented the seller, United Properties. Galway Cos. Inc. was the buyer.

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Midwest Office Markets Face Mounting Pressure

Kristin Harlow — Thu, 20 Nov 2025 13:30:00 +0000

By David Goldfisher, The Henley Group Secondary and tertiary office markets across the Midwest, including Chicago, Minneapolis, Madison, Milwaukee, Cleveland, Cincinnati, Columbus and St. Louis, are facing mounting pressure. While each city has its own challenges, a common theme is clear — vacancies remain high and liquidity is thin. Tenant shuffling One of the defining dynamics today is tenant reshuffling rather than net growth. As leases expire, employers frequently move from one building to another, seeking modernized space and stronger amenities. Renovating in place is disruptive and costly, while relocating allows businesses to upgrade with minimal operational downtime. This “musical chairs” effect highlights a deeper structural issue. There are only so many large anchor tenants in Midwest cities and few new entrants are seeking major blocks of space. There is more repositioning for existing tenants than attracting new ones. Flight to quality Landlords and developers are competing to deliver amenities that encourage office attendance and support talent retention. Modernized lobbies, tenant lounges and flexible collaboration areas have become standard expectations. Hines’ upgrades at Chicago’s 333 West Wacker Drive and 601W Cos.’ reinvestment in the Old Post Office demonstrate the scale of investment required. But not all landlords can compete. With…

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Marcus & Millichap Brokers Sale of 48-Unit West Side Apartments in Mauston, Wisconsin

Kristin Harlow — Tue, 11 Nov 2025 14:29:49 +0000

MAUSTON, WIS. — Marcus & Millichap has brokered the sale of West Side Apartments, a 48-unit multifamily property in Mauston, a city in central Wisconsin. The newly constructed asset is situated on 7.4 acres at 702 Loomis Drive near the Wisconsin Dells market and two of the state’s largest lakes. There are 24 one-bedroom and 24 two-bedroom condo-style units across 48,336 rentable square feet. Matthew Whiteside of Marcus & Millichap represented the seller, Mauston 80 LLC, and procured the buyer, Greenfeather Twenty-Eight LLC.

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

Kristin Harlow — Thu, 06 Nov 2025 15:25:22 +0000

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

Kristin Harlow — Wed, 05 Nov 2025 14:42:02 +0000

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

Kristin Harlow — Mon, 27 Oct 2025 13:46:52 +0000

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

Kristin Harlow — Fri, 24 Oct 2025 13:39:14 +0000

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

Kristin Harlow — Thu, 23 Oct 2025 13:19:43 +0000

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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Topgolf Begins Development of First Venue in Wisconsin Near Madison

Kristin Harlow — Thu, 23 Oct 2025 13:19:08 +0000

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

Kristin Harlow — Tue, 21 Oct 2025 13:53:54 +0000

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

Kristin Harlow — Mon, 20 Oct 2025 12:51:25 +0000

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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