Wisconsin

Cole Retail REIT Acquires Shopping Center in Wisconsin for $18.5M

by Amy Works May 18, 2015

MANITOWOC, WIS. — Mid-America Real Estate Corp. has brokered the sale of Harbor Town Center, a shopping center located in Manitowoc. Phoenix-based American Realty Capital Properties, on behalf of Cole Credit Property Trust IV Inc., acquired the 138,739-square-foot property for $18.5 million. Located at the northeast corner of Rapids Road and Calumet Avenue, the center is anchored by Kohl’s, MC Sports, Petco, Aspen Dental and Aldi’s. Rick Drogosz of Mid-America Real Estate Corp. and Dan Cohen of Mid-America – Wisconsin LLC represented the seller, Green Bay, Wis.-based Commercial Horizons, in the transaction.

May 18, 2015

Industrial Midwest Wisconsin

The Dickman Company Brokers Sale of 19,250 SF Industrial Building in Wisconsin

by Amy Works May 18, 2015

WAUKESHA, WIS. — The Dickman Company Inc. has arranged the sale of an industrial property located at 310 S. West Ave. in Waukesha. The State of Wisconsin Department of Transportation sold the 19,250-square-foot property for an undisclosed price to Soraal LLC. Samuel D. Dickman, Samuel M. Dickman Jr. and Zach Noble of The Dickman Company Inc. represented the seller, while Brian Parrish of PARADIGM Real Estate represented the buyer in the transaction.

May 18, 2015

Midwest Retail Wisconsin

Lee & Associates Arranges Lease for Anytime Fitness in Oconomowoc, Wis.

by Danielle Everson May 11, 2015

OCONOMOWOC, WIS. — Lee & Associates represented Anytime Fitness in the signing of a 5,880-square-foot lease at Summit Center Marketplace in Oconomowoc. Chris Etmanczyk of Lee & Associates Madison represented Anytime Fitness in the transaction. The new lease will fully occupy the shopping center. Anytime Fitness plans to open in August.

May 11, 2015

Illinois Midwest Retail Wisconsin

NAI Hiffman Arranges Five New Leases for Burger King in Wisconsin and Illinois

by Danielle Everson May 6, 2015

MILWAUKEE AND WESTCHESTER, ILL. — NAI Hiffman has arranged five new leases for Burger King in Wisconsin and Illinois. The new leases include four locations in Wisconsin: the northwest corner of 14th and Wells streets in Milwaukee; the southeast corner of North and Prospect avenues in Milwaukee; the southeast corner of Moorland Road and College Avenue in Muskego, Wis.; and the southwest corner of College and Chicago avenues in South Milwaukee. The fifth lease is a co-brand concept with BP Amoco located at the southeast corner of I-290 and Mannheim Road in Westchester. Michael Meksto of NAI Hiffman represented Burger King in the transactions. Over 10 new leases are expected for completion in 2015 across Illinois, Wisconsin and Indiana. Burger King selected Meksto to lead expansion efforts into Michigan, Ohio, Kentucky, Western Iowa and Tennessee.

May 6, 2015

Midwest Retail Wisconsin

Lee & Associates Arranges Lease of 48,734 SF Retail Space in New Berlin, Wis.

by Danielle Everson May 5, 2015

MADISON, WIS. — Lee & Associates has arranged the lease of a 48,734-square-foot retail space at Moorland Commons in New Berlin. Dunham’s Sporting Goods will occupy the space formerly occupied by Sportsman’s Warehouse. Other tenants at the shopping center include Target, Michaels and Office Max. Steve Doran of Lee & Associates Madison represented the landlord in the transaction. Galway Cos. Inc. manages the property.

May 5, 2015

Midwest Retail Wisconsin

Siegel-Gallagher Arranges Sale of 2,366 SF Retail Building in West Allis, Wis.

by Danielle Everson April 30, 2015

WEST ALLIS, WIS. — Siegel-Gallagher has arranged the $304,000 sale of a 2,366-square-foot retail building in West Allis. Forward Dental West Allis is located at 8801 W. National Ave. Zeon Properties LLC purchased the property from The Oliver E. Moths Estate LLC for an undisclosed sales price. Patrick Gallagher, Matson Holbrook and Max Schultz of Siegel-Gallagher represented the seller.

April 30, 2015

Midwest Wisconsin

Lee & Associates Arranges Two Retail Leases in Monona, Wis.

by Danielle Everson April 28, 2015

MONONA, WIS. — Lee & Associates has arranged two new leases for a 4,900-square-foot new construction retail building located at 103 W. Broadway. Qdoba Mexican Grill will occupy 2,500 square feet and Mr. Brews Taphouse will occupy 2,400 square feet at the new property. Both restaurants will open this fall. Steve Doran of Lee & Associates Madison represented the landlord in both transactions. Galway Companies, Inc. is developing and will be manage the property.

April 28, 2015

Loans Midwest Retail Wisconsin

Cohen Financial Arranges $6.3M Loan for Retail Property in Wisconsin

by Danielle Everson April 27, 2015

MERRILL, WIS. — Cohen Financial has arranged a $6.3 million refinancing loan for Merrill Ridge Plaza, a mixed-use retail and office center located at 3404-3500 East Main Street in Merrill. Merrill Ridge Plaza is a 122,919-square-foot property that’s 97 percent leased. Anchor tenants include Piggly Wiggly, Dollar Tree and Church Mutual Insurance Co. Don Trossman of Cohen Financial’s Chicago office secured the fixed-rate loan that includes a 20-year amortization schedule with River Valley Bank, a regional bank. Martin Graff of M.H. Graff & Associates represented the borrower, Focused Retail-Merrill Ridge LLC.

April 27, 2015

Industrial Midwest Wisconsin

M&M Arranges $33M Sale of Two Industrial Buildings in Franklin, Wis.

by Danielle Everson April 20, 2015

FRANKLIN, WIS. — Marcus & Millichap has arranged the $33 million sale of two industrial buildings totaling 418,000 square feet in Franklin, approximately 20 miles south of Milwaukee. The properties are 1 and 2 World Packaging Circle, located within the 425-acre Franklin Business Park with frontage on South Oakwood Park Drive and Ryan Road. The property has access to I-94, I-894, U.S. Highway 41, U.S. Highway 45 and State Trunk Highway 36. The two facilities were built of precast tilt-up concrete on 37.6 acres in 2006. Features at the properties include 30-foot to 40-foot ceiling heights, enclosed docks, two 75-ton cranes, two 10-ton cranes and heated underground parking. Thomas Kopatich of Marcus & Millichap’s Milwaukee office represented the seller, a local business person, and the buyer, a private equity fund.

April 20, 2015

Loans Midwest Multifamily Wisconsin

Hunt Mortgage Group Refinances Multifamily Property in Platteville, Wis.

by Danielle Everson April 17, 2015

PLATTEVILLE, WIS. — Hunt Mortgage Group has arranged a $3.4 million Fannie Mae loan facility to refinance Prairie View Apartments, a 56-unit multifamily property in Platteville. The property is located at 1300, 1350, 1365 and 1435 Cody Parkway. Prairie View Apartments includes efficiency, one-, two- and three-bedroom units. The 12-year loan includes a 30-year amortization schedule. Hunt Mortgage Group arranged the loan for the borrower, a Wisconsin-based limited liability company that was formed in April 2008 and is backed by Robert Cody. Cody owns R. Cody Real Estate Development, a full service real estate development company.

April 17, 2015

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