Wisconsin Archives - REBusinessOnline

Pyramid Global Hospitality Opens 208-Room Dellshire Resort in Wisconsin

Kristin Harlow — Thu, 11 Jun 2026 13:33:41 +0000

WISCONSIN DELLS, WIS. — Pyramid Global Hospitality has opened Dellshire Resort, a 208-room property in Wisconsin Dells within south central Wisconsin. The hotel marks the area’s first new-build resort in more than two decades, according to Pyramid. The medieval-themed property features guestrooms and suites as well as Serpent’s Bay, an indoor-outdoor aquatic complex with five pool and splash experiences, including an adults-only swim-up bar. The tavern-style Blade & Barrel anchors the five food-and-beverage outlets. Hero’s Hall features arcade games and a private party room, while dedicated meeting and event facilities are available for groups and corporate retreats. A 70-foot-long fire-breathing dragon named Golspar welcomes guests at the entrance. Las Vegas-based metal sculptor Kevin Stone created the nearly 17,000-pound structure. The two-story entrance to the property is framed by cathedral-style windows. A compass is inlaid into the lobby floor, and shields are displayed across the stone walls to pay homage to the characters of the Legends of Dellshire Mixed Reality Adventure, the resort’s signature attraction. Dellshire Resort is part of Benchmark Resorts & Hotels, a collection of independent resorts and hotels by Pyramid. Rooms start at $200 per night.

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Cinnaire Closes $307M LIHTC Equity Fund for 2,259 Affordable Housing Units Across 10 States

Kristin Harlow — Mon, 08 Jun 2026 13:51:11 +0000

LANSING, MICH. — Lansing-based Cinnaire has closed a $307 million Low-Income Housing Tax Credit (LIHTC) equity fund, Fund for Housing LP 45, which will finance the creation and preservation of 2,259 affordable housing units across 27 properties in 10 states. Fund 45 will support multifamily development in Delaware, Illinois, Indiana, Maryland, Maine, Michigan, Minnesota, Pennsylvania, Virginia and Wisconsin. Specific projects include 3rd Avenue Flats in Dilworth, Minn., and The Argus Apartments in Verona, Wis. A new-construction development, 3rd Avenue Flats will bring 44 affordable housing units, five of which will be reserved for people with disabilities and four of which will be designated for households experiencing high-priority homelessness. The developer, Commonwealth Holdings IV, will partner with Lakes & Prairies Community Action Partnership to provide access to the state’s community coordinated entry system CARES, which provides access to all homeless housing programs as well as emergency resources to prevent households from falling into homelessness. The Argus Apartments is also a new development that will provide 60 affordable housing units, including nine reserved for individuals with developmental, physical or mental disabilities. Social services provider Lutheran Social Services will provide onsite services to the nine Permanent Supportive Housing units. The project developers are…

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JLL Brokers $50.5M Sale of Industrial Portfolio in Metro Minneapolis, Milwaukee

Kristin Harlow — Thu, 04 Jun 2026 13:11:10 +0000

MINNEAPOLIS AND MILWAUKEE — JLL Capital Markets has brokered the $50.5 million sale and secured acquisition financing for the Midwest Distribution Portfolio, a collection of four industrial properties totaling 608,316 square feet across the Minneapolis and Milwaukee metro areas. The fully occupied portfolio includes a 265,516-square-foot distribution center in Lino Lakes, Minn., two buildings totaling 141,750 square feet in Pewaukee, Wis., and a 201,050-square-foot complex in Milwaukee adjacent to the airport. The properties are home to nine tenants across sectors such as merchant wholesalers, apparel, motor freight distribution and air freight services. The facilities feature clear heights ranging from 22 to 30 feet with more than 70 loading positions. Colin Ryan, David Berglund and Ed Halaburt of JLL, along with Tom Shepherd of Colliers represented the seller, Biynah Industrial Partners. Matthew Schoenfeldt and Lucas Borges of JLL arranged the financing.

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Marcus & Millichap Arranges $8.2M Sale of Retail Center in Stevens Point, Wisconsin

Kristin Harlow — Tue, 02 Jun 2026 13:22:23 +0000

STEVENS POINT, WIS. — Marcus & Millichap has arranged the $8.2 million sale of Northpoint Shopping Center, an 11-suite retail strip center in Stevens Point, a city in central Wisconsin. Built in 1968, the 62,956-square-foot property is fully occupied by tenants such as Dollar Tree, Anytime Fitness, U.S. Cellular and Firehouse Subs. The asset is within walking distance of the University of Wisconsin-Stevens Point. Dan Bowar of Marcus & Millichap procured the buyer, Hastings Properties LLC.

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Zilber Acquires 208,000 SF Industrial Property in Little Chute, Wisconsin

Kristin Harlow — Mon, 01 Jun 2026 14:00:32 +0000

LITTLE CHUTE, WIS. — Zilber Property Group has acquired a 208,000-square-foot industrial building in Little Chute, about 25 miles southwest of Green Bay. Constructed in 1997 and renovated in 2010, the property is fully occupied by Progressive Converting Inc., an independent paper converter. The acquisition marks Zilber’s first in the Fox Valley area. The company now owns and manages nearly 10 million square feet across more than 50 industrial buildings in Wisconsin.

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Luther Group Begins Development of 86,800 SF Spec Industrial Building in Cedarburg, Wisconsin

Kristin Harlow — Mon, 01 Jun 2026 13:59:36 +0000

CEDARBURG, WIS. — Elm Grove, Wis.-based Luther Group has broken ground on an 86,800-square-foot spec industrial building in southeast Wisconsin’s Cedarburg. The project will be situated on 8 acres within Highway 60 Business Park, and flexible leasing options will be offered ranging from 15,000 to 86,800 square feet. Completion is slated for December 2026. Colliers is handling leasing.

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Dwight Capital Provides $114M HUD-Insured Loan for Office-to-Apartment Conversion in Milwaukee

Kristin Harlow — Tue, 26 May 2026 13:37:21 +0000

MILWAUKEE — Dwight Capital has provided a $114 million HUD 221(d)(4) substantial rehabilitation loan for the conversion of 100 East Wisconsin, a 34-story office building in Milwaukee, into a 373-unit luxury apartment community. Positioned at the heart of the city’s central business district along the Milwaukee River, 100 East Wisconsin is currently the state’s third-tallest building and will become the tallest residential building upon completion, according to Dwight. Units will come in studio, one-, two- and three-bedroom layouts. Amenities will include a fitness center, yoga studio, spa, coworking space, conference room, pet lounge, bike storage, multiple lounge and bar areas, a game room with a sports simulator and a rooftop deck with swimming pool. At 35 years old, 100 East Wisconsin is among the newest buildings ever added to the National Register of Historic Places, having been designated in January 2025 in recognition of its architectural and historic significance. The distinction qualified the project for federal and state historic tax credits. The City of Milwaukee further supported the project with a tax-increment financing package of up to $16.6 million through a newly established tax-increment district. The HUD loan was the largest multifamily HUD loan ever closed in Wisconsin; the largest…

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CBRE Brokers Sale of 120-Unit Apartment Community in West Bend, Wisconsin

Kristin Harlow — Wed, 13 May 2026 13:28:28 +0000

WEST BEND, WIS. — CBRE has arranged the sale of Trail’s Edge Apartments, a 120-unit apartment community in West Bend, a northern suburb of Milwaukee. Wisconsin Lakefront Property Management LLC acquired the property from an ownership group that included an entity related to American Construction Services, the asset’s original developer. CBRE’s Sean Beuche, Matson Holbrook and Gretchen Richards represented the seller. Built in 2022, the property features a range of one- and two-bedroom floor plans ranging from 785 to 1,465 square feet. Amenities include a fitness center, picnic area, community room, pet washing station and interior car wash bay.

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Kraus-Anderson to Build $175M Breck Athletic Complex in Big Bend, Wisconsin

Kristin Harlow — Mon, 04 May 2026 14:07:18 +0000

BIG BEND, WIS. — The Milwaukee office of Kraus-Anderson (KA) will build the Breck Athletic Complex, a $175 million youth sports complex located at Highway 164 and I-43 in Big Bend, just southwest of Milwaukee. The facility will host national-level baseball, soccer and lacrosse tournaments. The project will be the first of its kind in the area and the largest complex in Wisconsin when complete, according to KA. Construction is expected to begin this spring. Designed by ISG Architects, the project’s baseball component will feature six full turf lighted outdoor fields, a championship field with built-in seating, a 150,000-square-foot indoor baseball, lacrosse and soccer facility, batting cages and warmup areas, bleachers and restrooms. There will be five full turf outdoor fields for soccer and four full turf outdoor fields for lacrosse. Amenities will include golf simulators, a looped fitness trail, gas station, parking, commercial and retail spaces, sports outfitters and an onsite hotel. Food and entertainment offerings will include multiple concessions, additional restaurants, a coffee bar and a craft beer bar, restaurant and banquet hall near the championship field. The soccer fields are anticipated to be ready for gameplay by early fall 2026. Baseball diamonds are expected to open in…

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Associated Bank Provides $32.7M Construction Loan for Multifamily Project in Central Wisconsin

Kristin Harlow — Mon, 13 Apr 2026 13:19:23 +0000

GRAND CHUTE, WIS. — Associated Bank has provided a $32.7 million loan to Toonen Inc. for the construction of The Strata Apartments, a multifamily complex along McCarthy Road in Grand Chute. The 25-building project will include 236 units. Several of the buildings will feature attached or detached garages, and the majority (172) of the units will be two-bedroom floor plans. Construction is underway, and completion is slated for February 2028. Toonen maintains a portfolio of nearly 3,500 units across the Green Bay and Fox Valley areas of Wisconsin. Tim Jorgensen of Associated Bank managed the loan arrangements and closing.

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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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