DELAFIELD, WIS. — Siegel-Gallagher has negotiated a 3,770-square-foot office lease in Delafield, approximately 30 miles west of Milwaukee. Gunpowder Inc. will occupy space at Delafield Properties IV, a building located at 440 Wells St. Ace Delafield Properties LLC is the landlord. Devin Tessmer of Siegel-Gallagher brokered the transaction.
NEW RICHMOND, WIS. — Marcus & Millichap has brokered the $1 million sale of a 19-unit apartment property in New Richmond, approximately 45 miles northeast of Minneapolis, Minn. Heritage Apartments consists of 15 two-bedroom and four three-bedroom units located in two buildings, which were built in 1986 and 1997. The property has undergone renovations over the last eight years that include new windows, vinyl siding and roofs. The seller was a limited liability company that sold the asset, located at 1380 Heritage Drive, to a private investor. The property traded at its full list price and had a cap rate below 7 percent. Evan Miller, Mox Gunderson, Matthew Fitzgerald and Dan Linnell of Marcus & Millichap listed the property on behalf of the seller and secured the buyer in the transaction.
ELM GROVE, WIS. — Siegel-Gallagher has arranged a 1,400-square-foot office lease in Elm Grove, approximately 10 miles west of Milwaukee. ABR Employment Services will occupy space at The Tradesman Building. Building Trades United Pension Trust Fund owns the property located at 500 Elm Grove Road. John Dulmes and Dan Walsh of Siegel-Gallagher brokered the transaction.
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.
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.
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.
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.
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.
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.
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.