MILWAUKEE — The Dickman Company Inc./CORFAC International has brokered the sale of a 20,860-square-foot industrial building in Milwaukee for an undisclosed price. Dean Road Property LLC purchased the building from 8800 West Dean Road LLC. Samuel M. Dickman Jr. and Samuel D. Dickman of The Dickman Company were the sole brokers in the transaction. The property is located at 8800 West Dean Road.
WAUKESHA, WIS. — Siegel-Gallagher has arranged a 1,600-square-foot retail lease in Waukesha, approximately 20 miles west of Milwaukee. The Richards Group Inc., a branding agency, will occupy space at Meadowbrook Marketplace, located at 601-921 Meadowbrook Road. Meadowbrook Marketplace LLC is the landlord. Devin Tessmer of Siegel-Gallagher brokered the transaction.
MADISON, WIS. — Colliers International has brokered the $5.8 million sale of a mixed-use development in Madison. Lokre Development Co. acquired City Center Junction from Outlook Development. The 26,261-square-foot property, located at 610 Junction Road, includes two floors of retail and office space. The building was 90 percent occupied at the time of sale by tenants such as HuHot Mongolian Grill and Dragonfly Hot Yoga. A 1.4-acre pad site was also included in the sale. Kyle Robb and Tom Shepherd of Colliers International represented the seller in the transaction.
CHETEK, WIS. — Atrium Health and Senior Living has acquired Knapp Haven Nursing Home and Pelican Place Assisted Living in Chetek, approximately 100 miles northwest of Minneapolis. The connected facilities were purchased for $3.1 million. The community includes 14 assisted living units and 97 skilled nursing beds, for a price per bed of $27,928. The 60,691-square-foot community is fully private-pay. Evans Senior Investments brokered the deal.
MADISON, WIS. — Associated Bank has provided two loans totaling $6.7 million for an 80-unit multifamily property in Madison. The financing consisted of an affordable housing construction loan and a Low-Income Housing Tax Credit (LIHTC) bridge loan. Maple Grove Commons, which will located at 3204-3228 Golden Copper Lane, will consist of one-, two- and three-bedroom units, 68 of which will be reserved for tenants earning below 60 percent of the median income for the county. The project, situated on 3.2 acres, will be delivered next summer. Maple Grove Housing LLC is the borrower, and McGann Construction of Madison is the general contractor. Knothe & Bruce is the design architect of record, and Oakbrook Corp. and Movin’ Out Inc. are co-developing the project. Steve Sosnowski of Associated Bank originated the loan. Associated Bank provided the majority of the loan tax credit equity through a Boston Capital syndicated fund.
BURLINGTON, WIS. — Boston Capital has invested approximately $4 million in the construction of a 32-unit apartment community in Burlington, 40 miles southwest of Milwaukee. Boston Capital is teaming up with Bear Development to deliver Fox Crossing II, which will utilize the Low-Income Housing Tax Credit (LIHTC) program. The property will consist of three market-rate units, 29 units for tenants earning less than 60 percent of the area’s median income and eight units for tenants earning 30 percent less. Units will feature dishwashers, washer and dryer hookups, walk-in closets and patios or balconies. Community amenities will include a 635-square-foot community room with a kitchen, fitness center, laundry facility, interior storage units and secure entry.
APPLETON, WIS. — CBRE has brokered the sale of a 226-room hotel property in Appleton, approximately 30 miles southwest of Green Bay, for an undisclosed price. Bridge Investments sold the Holiday Inn to Batra Hospitality Group Inc. The buyer plans to renovate the property, which is located at 150 S. Nicolet Road. Brian Silberman, Nate Sahn, Stanley Wang and Scott Miller of CBRE represented the seller in the transaction.
WEST ALLIS, WIS. — The Barry Company has brokered the sale of a 49,330-square-foot industrial warehouse in West Allis, approximately seven miles west of Milwaukee, for an undisclosed price. Wisconsin Storage Corp. purchased the property, located at 232 S. Curtis Road, from an undisclosed seller. The buyer plans to make renovations to the building including a new front façade, replacing the drive-in doors with windows and upgrading the landscaping. Kurt Van Dyke and James Young of The Barry Company brokered the transaction.
MADISON, WIS. — Siegel-Gallagher has arranged the sale of a 217,814-square-foot office property in Madison for an undisclosed price. Arthur Goldner & Associates purchased High Point Office Park from Vanta Commercial Properties LLC. Patrick Gallagher and Max Schultz of Siegel-Gallagher brokered the transaction. According to Loopnet, High Point Office Park is an 83 percent occupied, Class B property that was listed for $16 million.
MADISON, WIS. — Brookdale Senior Living has completed the addition of 67 units and a new memory care program at Brookdale Madison West, an assisted living community in Madison. The $18 million expansion was completed in several phases. In the first phase, a 67-unit assisted living building was added to the existing 48-unit community, as well as a variety of dining options and amenities. In the second phase, the community’s initial assisted living building was updated and renovated to memory care units. The memory care section is split into two sections of 20 units each — one for those with acute memory care needs, and another to try to slow the progression of early-stage dementia.