MILWAUKEE, WIS. — The Dickman Company/CORFAC International has arranged the sale of a 54,500-square-foot industrial building in Milwaukee for an undisclosed price. 81 Street Industrial LLC purchased the building, located at 7940 N. 81st St., from The Equitable Bank SSB. Samuel M. Dickman Jr. and Samuel D. Dickman represented the buyer in the transaction. JC Capital represented the seller.
WISCONSIN — Time Equities Inc. has acquired four multi-tenant retail properties totaling 307,668 square feet in Wisconsin for $18.1 million. The acquisitions were made in two separate transactions. In the first deal, New York-based Time Equities acquired Geneva Commons, located at 800 N. Edwards Blvd. in Lake Geneva, for $1.3 million. Geneva Commons is shadow-anchored by Target and is 70 percent leased to tenants that include Mattress Firm, Sally Beauty and Maurices. Quantum Real Estate Advisors represented the seller, Ryan Cos., in the transaction. Mid-America Real Estate will be in charge of leasing the property. In the second deal, Time Equities acquired Oak Creek Centre, Park Plaza and Taylor Heights for $16.8 million. Oak Creek Center, located at 8571 S. Howell Ave. in Oak Creek, is 95,042 square feet. The center is 84 percent leased, and tenants include TJ Maxx, Petco and Dollar Tree. The 110,855-square-foot Park Plaza, located at 1140 S. 30th St. in Manitowoc, is 61 percent leased to tenants including Family Dollar, Papa Murphy’s, Hobby Lobby and Advance America. Taylor Heights is an 87,680-square-foot retail center that is located at 549 S. Taylor Drive in Sheboygan. Planet Fitness anchors the center, and other tenants include Napa Auto …
ELM GROVE, WIS. — Siegel-Gallagher has arranged a 3,255-square-foot office lease renewal in Elm Grove, a western suburb of Milwaukee. Jensen Health & Energy Center will continue to occupy space in The Tradesman Building, located at 500 Elm Grove Road. Building Trades United Pensions Trust Fund is the landlord. John Dulmes and Dan Walsh of Siegel-Gallagher brokered the transaction.
WEST ALLIS, WIS. — The Barry Co. has brokered the sale of an 8,000-square-foot industrial property in West Allis, a western Milwaukee suburb. Milwaukee Alarm Co. purchased the facility located at 2241 S. 116th St. from Cardinal Two LLC for an undisclosed price. Kevin Barry of The Barry Co. represented the buyer in the transaction. Travis Tiede of NAI/MLG Commercial represented the seller.
DELAFIELD, WIS. — Siegel-Gallagher has arranged a 1,019-square-foot retail lease in Delafield, approximately 30 miles west of Milwaukee. Delafield Hair and Friends LLC is leasing the space in Delafield Properties II from Ace Delafield Properties LLC. The property is located at 715 Genesee St. Devin Tessmer of Siegel-Gallagher brokered the transaction.
WAUSAU, WIS. — The Morgan Partners has broken ground on a 45,000-square-foot Dick’s Sporting Goods and a 4,500-square-foot Red Robin in Wausau. The retail buildings will be situated on 5.2 acres. Neighboring tenants include Walmart, PetSmart, Michaels, Best Buy and Starbucks Coffee. Grant Schwab of The Morgan Partners represented the development team. Jon Reese of Great Street Realty Partners and Dan Cohen of Mid-America Real Estate-Wisconsin represented Dick’s Sporting Goods and Red Robin. Both businesses are slated to open in early 2016.
GREEN BAY AND APPLETON, WIS. — Blueprint Healthcare Real Estate Advisors has arranged the sale of four Cottage Living assisted living and memory care communities in Green Bay and nearby Appleton for $18.4 million. Blueprint represented the undisclosed seller, which sold the properties to a non-traded real estate investment trust. At the time of sale, the portfolio was 92 percent occupied. The purchase price equates to approximately $150,000 per unit and there are 123 units. The buyer partnered with an operator from the West Coast. The portfolio will represent the new operator’s first entry into the Wisconsin market. Jacob Gehl of Blueprint was the lead advisor on the transaction.
JANESVILLE, WIS. — Dollar General Corp. has broken ground on a new distribution center in Janesville, approximately 40 miles southeast of Madison. The facility, which will span nearly 1 million square feet, will be the retailer’s 14th distribution facility. The development is slated to come on line in December 2016. Clayco Inc. is serving as the general contractor for the project. Leo A Daly is the building design company, and Elan Design Lab is the civil design company. The new distribution center is expected to service more than 1,000 stores in the upper Midwest. Dollar General currently operates 122 stores in Wisconsin.
BROOKFIELD, WIS. — Ryan Companies US Inc. has broken ground on a new facility for Children’s Hospital of Wisconsin in Brookfield, a western suburb of Milwaukee. The new facility will serve as a primary care building and will be located within the Underwood Crossing retail center. The retail center is located on Bluemound Road and is anchored by Target. The Children’s Hospital of Wisconsin Pediatric Consultants Primary Care Clinic will be renamed Bluemound Pediatrics when it relocates to the new facility, which is 1.5 miles west of its current location. Construction is slated for completion in the spring of 2016. The development will be an 18,000-square-foot freestanding building that will be adjacent to Target at the east end of the 175,000-square-foot shopping center. Stephen Perry Smith Architects and ScopeBridge are the architects of record for the project. Johnson Bank provided financing for the development.
MILWAUKEE AND GREENFIELD, WIS. — Siegel-Gallagher has arranged two office leases in Wisconsin in separate transactions. In the first transaction, Penrod Software leased 7,151 square feet at the Phoenix Building located at 219-239 N. Milwaukee St. in Milwaukee. Phoenix 219 Investments LLC is the landlord. Shaun Dempsey and Dan Walsh of Siegel-Gallagher brokered the transaction. In the second deal, 2YS & 1K LLC leased 1,838 square feet to Thrivent Financial at Forest Green Executive Center I. The office building is located at 8555 W. Forest Home Ave. in Greenfield. Shaun Dempsey brokered the deal.