MILWAUKEE, WIS. — Hammes Partners has closed on Hammes Partners II LP, a U.S. healthcare real estate private equity fund. Milwaukee-based Hammes Partners received $430 million in capital commitments, significantly over its original target of $300 million. The Hammes platform is focused exclusively on U.S. outpatient healthcare real estate, including investments in existing assets, entitled development projects and adaptive reuse opportunities. Institutional investors that committed capital to the fund include endowments, foundations, pension funds, insurance companies, fund of funds and family offices.
OSHKOSH, WIS. — The Morgan Partners is developing a 4,370-square-foot Panera bakery-cafe, complete with drive-thru, in Oshkosh. The freestanding building, subject to a ground lease with a 15-year primary term, is currently under construction on 1.68 acres at I-41 and Highway 21. Panera Bread expects the bakery-cafe to open this fall. Neighboring tenants include a newly constructed Dick’s Sporting Goods, McDonald’s, Lowe’s, Menards and Festival Foods. Ed Bowen of The Morgan Partners represented the development side of the transaction, while Joe Kleiman of Mid-America Real Estate Group represented the tenant.
MILWAUKEE, WIS. — The Dickman Company/CORFAC International has brokered the sale of a 5,000-square-foot industrial building located at 6014 West Beloit Road in West Allis, approximately six miles west of downtown Milwaukee. Anthony Huenerbein of The Dickman Company represented the undisclosed buyer and Mitchell Starczynski of NAI MLG Commercial represented the seller, Able Equipment Co.
WAUKESHA, WIS. — Altus Commercial Real Estate has arranged a 535-square-foot lease at 2717 Grandview Blvd. in Waukesha, about 20 miles west of Milwaukee. Comfort Keepers, a home-service caregiver provider, has leased the space. Anita Frey of Altus Commercial Real Estate represented both parties in the transaction.
APPLETON, WIS. — HREC Investment Advisors has arranged the sale of Microtel Inn & Suites Hotel in Appleton, approximately 30 miles southwest of Green Bay, Wis. Wisconsin-based Rajshyamaji LLC acquired the 79-room hotel for an undisclosed price. The new owners plan to renovate the property. Ted Anka of HREC represented the seller, Inditel Property Management, in the transaction.
MADISON, WIS. — Pillar has arranged a $7.5 million refinance loan with Freddie Mac for Swan Creek Apartments, a 95-unit multifamily property in Madison. Lancelot Lie and Brooke Jackson of Pillar originated the fixed-rate, 10-year term loan with a 30-year amortization schedule. H.A. Langer & Associates was the borrower in the transaction. Pillar is an affiliate of Guggenheim Partners.
OAK CREEK, WIS. — The Dickman Company Inc./CORFAC International has arranged a lease renewal between landlord Bigs Mortgage LLC and tenant AIM Distribution Services for a 112,140-square-foot industrial space in Oak Creek. The building is located at 525 W Marquette Ave. Samuel M. Dickman Jr. and Samuel D. Dickman brokered the transaction.
BROOKFIELD AND GREENFIELD, WIS. — NorthMarq Capital has arranged $6 million in refinancing for two retail properties, both occupied by Office Depot and Petco, in Wisconsin. Totaling 86,274 square feet, the properties are located at 16085-95 W. Bluemound Road in Brookfield and 4940-50 S. 76th St. in Greenfield. Jeff Frankel of NorthMarq’s Chicago office arranged the financing for the undisclosed borrower through NorthMarq’s correspondent relationship with a life insurance company.
NEENAH, WIS. — Paramount Lodging Advisors has arranged the sale of Holiday Inn Neenah Riverwalk, located at 123 E. Wisconsin Ave. in Neenah, near the Fox Cities area of Wisconsin. The hotel includes 107 rooms, 13,000 square feet of meeting and banquet space, a full-service restaurant and a sports bar. The buyer, a regional hotel company, plans to renovate and rebrand the property. Adam Montufar, Brent Clemens and Bennett Webster of Paramount Lodging Advisors represented the undisclosed seller in the transaction, which utilized the Auction.com platform. The sales price was not disclosed.
KENOSHA, WIS. — Faris Lee Investments has brokered the sale of Windsor Pointe, a multi-tenant retail center in Kenosha. San Diego-based Windsor Pointe Investors sold the 13,965-square-foot property for $4.6 million to Connecticut-based REI Advisors. Situated on 2.2 acres at 7201 120th Ave., the property is occupied by Best Buy, Woodman’s Markets and Gander Mountain, as well as other regional and national tenants. Jeff Conover of Faris Lee Investments represented the seller in the transaction. The buyer was self-represented.