MILWAUKEE — The Dickman Company Inc./CORFAC International has brokered the sale of a 41,350-square-foot industrial building in Milwaukee for an undisclosed price. DDE Enterprises LLC purchased the building, located at 5501 and 5407 W. Mill Road, from INX International Ink Co. Nick Keys of The Dickman Company represented the buyer in the transaction, and Tony Haning of JLL represented the seller.
PLEASANT PRAIRIE, WIS. — Majestic Realty Co. will develop a new 424,164-square-foot industrial facility at its Majestic Badger Logistics Center in Pleasant Prairie, approximately 40 miles south of Milwaukee near the Illinois border. The speculative building is the first of two new facilities that will add over 1.2 million square feet of space to the 88-acre site. The property will feature 36-foot clear heights, 50-by-52 foot bays, an ESFR sprinkler system, 111 trailer parking stalls, 292 car parking spaces and a 370-foot combined truck courtyard. The Class A building can accommodate four tenants and will be delivered by the end of this year.
BROOKFIELD, WIS. — Siegel-Gallagher has negotiated a 3,335-square-foot office lease in Brookfield, approximately 13 miles west of Milwaukee. Atlas Chiropractic will occupy space at Arbor Terrace I. AH Holding LLC and Wabash Acceptance LLC own the property located at 333 Bishops Way. Shaun Dempsey of Siegel-Gallagher brokered the transaction.
PLEASANT PRAIRIE, WIS. — CenterPoint Properties will develop a new 200,696-square-foot industrial building within LakeView Corporate Park in Pleasant Prairie, approximately 40 miles south of Milwaukee. The speculative building, LakeView Corporate Center, can accommodate up to three tenants. The facility will feature LED lighting, 32-foot clear heights, 20 exterior docks, two drive-in doors, 18 trailer parking spaces and office space to suit. LakeView Corporate Park is an 11 million-square-foot development that is home to over 80 tenants. The project is currently spread over 2,400 acres and has more than 200 acres remaining for future development.
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.