Wisconsin

HALL Structured Finance Provides $10.9M Loan for Construction of Hotel Near Milwaukee

by Christina Cannon July 22, 2016

OAK CREEK, WIS. — HALL Structured Finance has provided a $10.9 million first lien loan for the construction of a four-story, 112-room hotel in Oak Creek, 13 miles south of Milwaukee. Albuquerque, N.M.-based Gustin Property Group LLC is the developer of the TownePlace Suites by Marriott. The hotel will be located within the Drexel Town Square master-planned development, which includes a new city hall, public library, retail stores, restaurants, office space, apartments and 18 acres of green space. The total estimated project cost for the hotel is $14.6 million, and the development will take approximately a year to complete.

July 22, 2016

Midwest Mixed-Use Wisconsin

Siegel-Gallagher Brokers Sale of 2,382 SF Mixed-Use Building in Waukesha, Wisconsin

by Christina Cannon July 20, 2016

WAUKESHA, WIS. — Siegel-Gallagher has brokered the sale of a 2,382-square-foot mixed-use property for an undisclosed price. Sania Investments LLC purchased the property from Sunset Bank & Savings. The building, located at 1710 Paramount Drive in Waukesha, approximately 20 miles west of Milwaukee, includes office and retail space. Shaun Dempsey and Devin Tessmer of Siegel-Gallagher brokered the transaction.

July 20, 2016

Industrial Midwest Wisconsin

The Dickman Company Arranges 45,958 SF Industrial Lease Near Milwaukee

by Christina Cannon July 20, 2016

CUDAHY, WIS. — The Dickman Company Inc./CORFAC International has arranged a 45,958-square-foot industrial lease in Cudahy, seven miles south of Milwaukee. Action Industries Ltd. will occupy the space located at 2200 E. College Ave. Nick Keys of The Dickman Company represented the tenant in the transaction. Pat Hake of Colliers International represented the landlord, CrossLake Partners.

July 20, 2016

Hospitality Midwest Wisconsin

M&M Arranges $4.6M Sale of 228-Room Resort in Wisconsin

by Haisten Willis July 14, 2016

WISCONSIN DELLS, WIS. — Marcus & Millichap has arranged the sale of Amber’s Resort & Conference Center Wisconsin Dells, a 228-room resort hotel in the Wisconsin Dells, approximately 120 miles northwest of Milwaukee. An undisclosed limited liability company purchased the property for $4.6 million. The seller also was an unnamed limited liability company. Jon Ruzicka, Gordon Allred and Chris Gomes of Marcus & Millichap represented the seller. Jon Ruzicka, also with Marcus & Millichap, represented the buyer. Todd Lindblom assisted in the transaction.

July 14, 2016

Industrial Midwest Office Wisconsin

The Dickman Company Arranges 20,242 SF Industrial, Office Lease Near Milwaukee

by Christina Cannon July 12, 2016

PEWAUKEE, WIS. — The Dickman Company Inc./CORFAC International has arranged a 20,242-square-foot office and industrial lease in Pewaukee, approximately 20 miles west of Milwaukee. TF Final Mile LLC will occupy Suite 200 in the building, which is located at W233 N2800 Roundy Circle W. Byrne Family Limited Partnership & 3RP LLC is the landlord. Samuel M. Dickman Jr. and Samuel D. Dickman of The Dickman Company represented the landlord in the transaction. Bill Langhoff of Colliers International represented the tenant.

July 12, 2016

Industrial Midwest Wisconsin

Ryan Cos. Breaks Ground on 132,730 SF Industrial Facility Near Madison

by Christina Cannon July 7, 2016

DEFOREST, WIS. — Ryan Companies US Inc. has broken ground on a 132,730-square-foot processing facility for The Little Potato Company in DeForest, approximately 17 miles north of Madison. The building, to be situated on a 15.9-acre site, will be the company’s first facility in the United States. When completed, the building will include 11,730 square feet of office space and 121,000 square feet of cooler, dry warehouse and processing space. The facility will feature 30-foot clear heights in the warehouse area, nine dock doors, two overhead drive-in doors and 130 stalls for employee parking. The project, located inside the DeForest Business Park, is scheduled for completion in 2017. Alberta, Canada-based The Little Potato Company specializes in the processing of creamer potatoes.

July 7, 2016

Industrial Midwest Wisconsin

The Dickman Company Negotiates Sale of 25,520 SF Industrial Building Near Milwaukee

by Christina Cannon July 7, 2016

BROOKFIELD, WIS. — The Dickman Company Inc./CORFAC International has brokered the sale of a 25,520-square-foot industrial building in Brookfield, 13 miles west of Milwaukee. Theomax Real Estate LLC purchased the building from LPM Group LLC for an undisclosed price. The facility is located at 3280 Gateway Road. Samuel M. Dickman Jr., Samuel D. Dickman and Roger Siegel of The Dickman Company brokered the transaction.

July 7, 2016

Industrial Midwest Wisconsin

The Dickman Company Arranges Sale of 44,262 SF Industrial Facility Near Milwaukee

by Christina Cannon July 6, 2016

NEW BERLIN, WIS. — The Dickman Company Inc./CORFAC International has arranged the sale of a 44,262-square-foot industrial building in New Berlin, approximately 15 miles southwest of Milwaukee. AQ Matic Real Estate purchased the facility, which is located at 16605-16685 W. Victor Road, from K.G. Stevens Holdings LLC for an undisclosed price. Anthony Huenerbein of The Dickman Company represented the seller in the transaction. Stephen Provancher and Mitchell Starczynski of NAI MLG Commercial represented the buyer.

July 6, 2016

Midwest Office Wisconsin

Farbman Group Acquires Chase Tower in Milwaukee for $30.5M

by Christina Cannon July 5, 2016

MILWAUKEE — Farbman Group has acquired the 22-story Chase Tower in Milwaukee for $30.5 million. Situated on the corner of East Wisconsin Avenue and North Water Street, the Chase Tower includes 480,000 square feet of office space and a 746-space parking structure. Farbman plans to upgrade the first and second floors, which host the building’s amenities. Tenants at the office tower include JPMorgan Chase, Infinity Healthcare, WUWM Public Radio and law firm O’Neil, Cannon, Hollman, DeJong & Laing. Brookfield Real Estate Opportunity Fund was the seller.

July 5, 2016

Midwest Multifamily Seniors Housing Wisconsin

New Perspective to Open 133-Unit Seniors Housing Community in Wisconsin

by Christina Cannon June 22, 2016

BROWN DEER, WIS. — New Perspective Senior Living has nearly finished work on a 133-unit seniors housing community in the Milwaukee suburb of Brown Deer. The property is scheduled to open in early August. The 153,000-square-foot community will feature 87 independent and assisted living units and 46 memory care units. Founded in 1998, New Perspective Senior Living is a Minneapolis-based developer and operator with 14 communities in Minnesota, Wisconsin and Illinois.

June 22, 2016

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