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

Industrial Midwest Wisconsin

The Dickman Co. Arranges Sale of 7,000 SF Industrial Building in Kenosha, Wisconsin

by Christina Cannon January 15, 2016

KENOSHA, WIS. – The Dickman Co./CORFAC International has arranged the sale of a 7,000-square-foot industrial building in Kenosha for an undisclosed price. Bone Dry Products Inc. purchased the facility located at 9009 58th Place from Neal R. Rusecki and Nancy J. Rusecki. Zach Noble and Cale Berg of The Dickman Co. represented the seller in the transaction. Mike Pitts Jr. of Pitts Brothers & Associates represented the buyer.

January 15, 2016

Industrial Midwest Wisconsin

The Dickman Co. Completes Sale of 55,588 SF Industrial Property Near Milwaukee

by Christina Cannon January 14, 2016

WEST ALLIS, WIS. — The Dickman Co./CORFAC International completed the sale of a 55,588-square-foot industrial building in West Allis, approximately six miles west of Milwaukee, for an undisclosed price. RONK 2030 LLC purchased the building located at 2030 S. 116th St. from Anton & Shirley Stricker Trust Number One. Samuel M. Dickman Jr., Samuel D. Dickman and Anthony Huenerbein of the Dickman Co. represented the seller in the transaction. Gary Kohlenberg represented the buyer.

January 14, 2016

Midwest Minnesota Retail Wisconsin

CrossAmerica to Acquire 31 Holiday Stores in Wisconsin and Minnesota for $48.5M

by Christina Cannon January 13, 2016

ALLENTOWN, PA. — Allentown-based CrossAmerica Partners LP has agreed to acquire 31 franchised Holiday convenience stores located in Wisconsin and Minnesota from SSG Corp. for $48.5 million. Of the 31 company-operated stores, 28 are located in Wisconsin and three are located in Minnesota. The acquisition is subject to customary conditions to closing and is expected to close in the first quarter of this year.

January 13, 2016

Midwest Multifamily Wisconsin

Continental Properties to Build 480-Unit Apartment Project in Kenosha, Wisconsin

by Christina Cannon January 6, 2016

KENOSHA, WIS. — Continental Properties has purchased land for the future development of an apartment project in Kenosha, approximately 40 miles south of Milwaukee. North Shore Bank sold a 48.5-acre land parcel to Continental Properties for $2.6 million. Continental Properties plans to develop 280 units in Phase I and an additional 200 units in Phase II. Phase I is scheduled to start this spring. Upon completion, the project can be accessed from 125th Avenue or 71st Street. Andrew Stefanich of CBRE was the sole broker for the land parcel transaction.

January 6, 2016

Healthcare Midwest Wisconsin

The Boulder Group Brokers $3.6M Sale of Medical Property in Milwaukee

by Christina Cannon January 5, 2016

MILWAUKEE, WIS. — The Boulder Group has brokered the sale of a 16,709-square-foot medical property in Milwaukee for $3.6 million. Aurora Health Care is the sole tenant of the property located at 5818 W. Capitol Drive. The property is positioned as an outparcel to the Midtown Center, which is anchored by Walmart and Pick ‘n Save. The Midtown Center also includes tenants such as Planet Fitness, Firestone, Foot Locker, GNC, Rue 21 and Starbucks. The property was built in 1997, and Aurora Health Care’s lease expires in 2027. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction, a Midwest-based real estate investment company. The buyer is an East Coast-based real estate investment fund and was self-represented.

January 5, 2016

Industrial Midwest Wisconsin

The Dickman Co. Brokers Sale of 18,144 SF Industrial Property Near Milwaukee

by Christina Cannon January 4, 2016

NEW BERLIN, WIS. — The Dickman Company Inc./CORFAC International has brokered the sale of an 18,144-square-foot industrial building in New Berlin, approximately 15 miles west of Milwaukee. Abraham Holding LLC purchased the building, located at 2805 S. 160th St., from ZAP LLC. David Buckley of The Barry Co. represented the seller in the transaction, and Anthony Huenerbein of Dickman represented the buyer.

January 4, 2016

Midwest Office Wisconsin

CBRE Arranges 5,202 SF Office Lease Renewal Near Milwaukee

by Christina Cannon January 4, 2016

BROOKFIELD, WIS. — CBRE has arranged a 5,202-square-foot office lease renewal in Brookfield, approximately 13 miles west of Milwaukee. Lueder Financial Group LLC renewed the office space located at 20300 Water Tower Blvd. from Janesville LLP, the landlord. Lueder Financial Group is part of Northwestern Mutual. Matt Cariello, Bill Bonifas and Matt Hunter of CBRE represented the tenant in the transaction.

January 4, 2016

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