Wisconsin

Welbic Purchases 15 Industrial Buildings in Wisconsin and Illinois for $50M

by Christina Cannon February 12, 2016

ELMHURST, ILL. — Welbic LLC has purchased 15 industrial buildings in the Midwest for approximately $50 million. Venture One Real Estate sold the assets, which total 900,000 square feet. There are 22 tenants that occupy the 15 buildings, which are located in Wisconsin and Illinois. Matthew Lewandowski of Darwin Realty worked with Venture One Real Estate on the purchase. Erin Cibula and Matthew Lewandowski of Darwin Realty also worked with Gabriel Silverstein of Angelic Real Estate LLC to secure an approximate $100 million loan which covered the 15 Venture One buildings plus 26 industrial properties already owned by Welbic.

February 12, 2016

Illinois Loans Midwest Office Retail Wisconsin

Cohen Financial Arranges $28.2M in Acquisition Financing for Properties Across Midwest

by Christina Cannon February 12, 2016

CHICAGO — Chicago-based Cohen Financial has arranged $28.2 million in acquisition financing for LLJ Ventures LLC. The California-based buyer has purchased several properties in the state of Illinois and Wisconsin. In the first transaction, Dan Rosenberg of Cohen Financial arranged an $11 million loan with a 10-year term for The Armitage Collection, a portfolio of five retail buildings in the Lincoln Park neighborhood of Chicago. The buildings in the portfolio are 100 percent leased. In the second transaction, Rosenberg arranged a $17.2 million, 10-year CMBS loan for a 57,000-square-foot medical office, Racine Dental, in Racine, Wis.

February 12, 2016

Midwest Multifamily Wisconsin

Colliers International Brokers $8.4M Sale of Apartment Complex in Wisconsin

by Christina Cannon February 11, 2016

LAKE GENEVA, WIS. — Colliers International has brokered the sale of an apartment community in Lake Geneva, for $8.4 million. Geneva Meadows Apartments is a 108-unit apartment complex located at 1157 S. Wells St. Geneva Meadows LLC sold the property, which it has owned since the property’s construction in 1992. GPC Real Estate LLC acquired the complex, which is 97 percent occupied. All units at Geneva Meadows Apartments are two-bedroom/one-bathroom units that are 1,000 square feet. Brian Pohl and Tyler Hague of Colliers International represented the seller in the transaction. Jim Loarie of Oxford Development represented the buyer.

February 11, 2016

Midwest Retail Wisconsin

Siegel-Gallagher Arranges 2,034 SF Retail Lease in Pleasant Prairie, Wisconsin

by Christina Cannon February 8, 2016

PLEASANT PRAIRIE, WIS. — Siegel-Gallagher has arranged a 2,034-square-foot retail lease in Pleasant Prairie, approximately 37 miles south of Milwaukee. Fast Signs will occupy the space at Center 50, which is located at 4623 75th St. Center 50 LLC is the landlord. Devin Tessmer of Siegel-Gallagher brokered the transaction.

February 8, 2016

Midwest Office Wisconsin

Siegel-Gallagher Arranges 1,301 SF Office Lease in Elm Grove, Wisconsin

by Christina Cannon February 2, 2016

ELM GROVE, WIS. — Siegel-Gallagher has arranged a 1,301-square-foot office lease inside The Tradesman Building in Elm Grove, approximately 10 miles west of Milwaukee. Proactive Title Solutions LLC will occupy space at the building situated at 500 Elm Grove Road. The landlord of the property is Building Trades United Pensions Trust Fund. John Dulmes and Dan Walsh of Siegel-Gallagher brokered the transaction.

February 2, 2016

Loans Midwest Multifamily Wisconsin

KeyBank Arranges $51.1M Refinancing Loan for Apartment Complex in Milwaukee

by Christina Cannon February 1, 2016

MILWAUKEE, WIS. — KeyBank Real Estate Capital has arranged a $51.1 million Fannie Mae loan for the refinancing of an apartment property in Milwaukee. Park Lafayette Towers is a 271-unit high-rise complex that was constructed in 2009. Erik Storz of KeyBank arranged the loan for the undisclosed borrower.

February 1, 2016

Industrial Midwest Wisconsin

The Dickman Co. Brokers Sale of 119,040 SF Industrial Property in Milwaukee

by Christina Cannon January 27, 2016

MILWAUKEE, WIS. — The Dickman Co./CORFAC International has arranged the sale of a 119,040-square-foot industrial building in Milwaukee, for an undisclosed price. 8301 Parkland LLC purchased the facility from TJM Parkland Court LLC. The asset is located at 8301 W. Parkland Court. Samuel M. Dickman Jr., Samuel D. Dickman and Nick Keys of The Dickman Co. were the sole brokers in the transaction.

January 27, 2016

Loans Midwest Office Wisconsin

Walker & Dunlop Completes $32.3M Refinancing Loan for Office Property Near Madison

by Christina Cannon January 26, 2016

MIDDLETON, WIS. — Walker & Dunlop Inc. has completed a $32.3 million refinancing loan for an office property in Middleton, approximately six miles west of Madison. Spectrum Brands, a global consumer products company that includes brands such as George Foreman and Black + Decker, is using the capital to refinance the construction loan for its headquarters, which was built in 2013. The 222,000-square-foot building is four stories. The loan was structured with a five-year term, a 79 percent loan-to-value and a debt service coverage ratio of 1.44.

January 26, 2016

Industrial Midwest Wisconsin

The Dickman Co. Arranges 17,425 SF Industrial Lease South of Milwaukee

by Christina Cannon January 26, 2016

OAK CREEK, WIS. — The Dickman Co./CORFAC International has arranged a 17,425-square-foot industrial lease in Oak Creek, approximately 14 miles south of Milwaukee. Schenker Inc. will lease the space located at 330 E. Mahn Court from Maggster LLC. Samuel M. Dickman Jr. and Samuel D. Dickman of The Dickman Co. represented the landlord in the transaction, and Karl Wiedenman of CBRE represented the tenant.

January 26, 2016

Midwest Retail Wisconsin

IPA Brokers $16.3M Sale of 162,905 SF Retail Property in Wisconsin

by Christina Cannon January 20, 2016

ONALASKA, WIS. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of a 162,905-square-foot shopping center for $16.3 million. Crossing Meadows is located at 1260 Crossing Meadow Drive in Onalaska. Crossing Meadows is anchored by Festival Foods, which leases 57 percent of the retail center. Festival Foods has five years remaining on a 15-year lease. Crossing Meadows is shadow anchored by Sam’s Club and Gander Mountain. Other major tenants include Hancock Fabrics, Rogan’s Shoes and Party City. The shopping center is currently 89 percent leased. Erin Patton, Craig Fuller and Scott Wiles of IPA represented the seller in the transaction, an Ohio-based company. The trio also procured the buyer, a local developer.

January 20, 2016

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