Wisconsin Archives - REBusinessOnline

CBRE Brokers Sale of 126,335 SF Flex Industrial Property in Milwaukee

Kristin Harlow — Fri, 10 Apr 2026 12:46:08 +0000

MILWAUKEE — CBRE has arranged the sale of a five-building, 126,335-square-foot flex industrial property in Milwaukee. Minnesota-based Brait Capital purchased the property from Oyster Two Wisconsin Owner LLC for $6 million. CBRE’s Matson Holbrook, Sean Beuche and Patrick Gallagher represented the seller. Built in 1987, the asset features clear heights ranging from 14.5 to 17 feet, several dock-high and drive-in loading doors and ample parking on a 10-acre site. The property was 67 percent occupied at the time of sale.

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Marcus & Millichap Brokers $2.5M Sale of Chipotle-Occupied Retail Property in Wisconsin

Kristin Harlow — Wed, 08 Apr 2026 13:41:42 +0000

WAUSAU, WIS. — Marcus & Millichap has brokered the $2.5 million sale of a single-tenant retail property net leased to Chipotle in Wausau. The newly constructed building totals 5,000 square feet. The property is secured by a 15-year, corporate-guaranteed net lease and is the only Chipotle within a 95-mile radius, according to Marcus & Millichap. Jeff Rowlett, Blake Hanlon and Mark Peltin of Marcus & Millichap procured the buyer, Niets Investment Co. Michael Hughes of Marcus & Millichap Capital Corp. secured a five-year loan with a fixed interest rate of 5.65 percent and a 25-year amortization period.

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Marcus & Millichap Arranges $12.3M Sale of Multifamily Community in Manitowoc, Wisconsin

Kristin Harlow — Mon, 06 Apr 2026 13:46:58 +0000

MANITOWOC, WIS. — Marcus & Millichap has arranged the $12.3 million sale of Evergreen Townhomes, a 76-unit rental townhome community in Manitowoc. Built in 1999, the property is situated on 2 acres at 4910 Benley Court and totals 91,200 rentable square feet. Dan Bowar of Marcus & Millichap represented the seller, a Florida-based investor, and procured the buyer, a Wisconsin-based investor.

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NAI Pfefferle Negotiates Sale of 192,120 SF Industrial Building in Neenah, Wisconsin

Kristin Harlow — Fri, 03 Apr 2026 12:51:27 +0000

NEENAH, WIS. — NAI Pfefferle has negotiated the sale of a 192,120-square-foot industrial building in Neenah along Lake Winnebago. The sales price was undisclosed, but the asking price was $14 million. Jonathan Glassco of NAI Pfefferle represented the seller.

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SF Capital Arranges $31.2M Refinancing for Multifamily Property in Metro Green Bay

Kristin Harlow — Thu, 02 Apr 2026 13:10:00 +0000

GREEN BAY, WIS. — SF Capital has arranged a $31.2 million loan for the refinancing of a multifamily property in metro Green Bay. Aaron Stemple of SF Capital arranged the loan through a life insurance company on behalf of the undisclosed borrower. The loan features a 75 percent loan-to-value ratio and a 10-year, fixed-rate term.

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Astec Industries Signs 8,353 SF Office Lease in Mequon, Wisconsin

Kristin Harlow — Mon, 30 Mar 2026 13:27:59 +0000

MEQUON, WIS. — Kolberg-Pioneer Inc., a division of Astec Industries, has signed a lease with St. John Properties Inc. for 8,353 square feet at Donges Bay Office Center in the Milwaukee suburb of Mequon. The two-story office building totals nearly 36,000 square feet. The company, which provides equipment servicing the infrastructure, aggregates and mining industries, plans to relocate approximately 20 employees to the building at 10375 N. Baldev Court later this year. Greg Fax represented the landlord on an internal basis, while Brett Garceau of Colliers represented the tenant. St. John Properties acquired the building in 2022.

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Mid-America Negotiates Sale of Whole Foods Market at Madison Yards in Wisconsin

Kristin Harlow — Tue, 24 Mar 2026 13:11:26 +0000

MADISON, WIS. — Mid-America Real Estate Corp. has negotiated the sale of a newly developed Whole Foods Market net lease totaling 51,361 square feet at Madison Yards in Madison. The store serves as the anchor to the Madison Yards mixed-use development within the University Hill Farms neighborhood. The property is located less than two miles from the heart of the University of Wisconsin-Madison. Dan Rosenfeld, Andrew Lund, Nick Kohlmann and George Ghattas of Mid-America represented the seller, Summit Smith Development. The asset sold to a private buyer.

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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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