SHEBOYGAN, WIS. — Siegel Gallagher Inc. has arranged the sale of Memorial Mall, a 367,147-square-foot shopping center in Sheboygan. Meijer Stores Limited Partnership, a subsidiary of Michigan-based grocer Meijer Inc., purchased the property for $10.7 million. NRFC Memorial Holdings LLC, a subsidiary of Northstar Realty Finance Corp., sold the property, which is located at 3347 and 3353 Kohler Memorial Drive. The transaction included the acquisition of the adjoining Sears Property, which was acquired by the seller in late 2014 from Sears Holding Corp. Sears has since vacated the property. Memorial Mall was developed by Simon in 1983. Tenants include Kohl’s Department Stores, Bed Bath and Beyond and Hobby Lobby. The property was acquired by the seller through foreclosure in 2011. Siegel Gallagher Management Co. was initially the court-appointed receiver and has managed the property for the seller since 2011. John Kuhn and Matt Chappell of Siefel Gallagher represented the seller. Michael Stratis of Intrepid Properties and Robert Flood of RFP Commercial represented the buyer.
MILWAUKEE — Mortara Family Properties LLC, doing business as Mortara Instrument, has purchased an 8,020–square-foot industrial building in Milwaukee. Glenbeigh Properties LLC sold the asset located at 8585 W. Bradley Road for an undisclosed sales price. Mortara Instruments supplies electrocardiography products to healthcare providers. The company owns the lot next to this property and plans to combine the two properties and build a new facility. James Young of DTZ Barry represented Glenbeigh Properties. Michael DeMichele of DeMichele Co. represented Mortara Instrument.
GRAND CHUTE, WIS. — Mid-America Real Estate Corp. has brokered the $12.2 million sale of Fox River Commons located in Grand Chute. Bloomfield Hills, Mich.-based Agree Realty Corp. purchased the 78,977-square-foot asset, which is located at the northwest corner of Casaloma Drive and College Avenue. Bed, Bath & Beyond, Barnes & Noble, Old Navy and DressBarn anchor the shopping center. Carly Gallagher of Mid-America Real Estate Corp., in cooperation with Dan Rosenfeld of Mid-America Real Estate – Wisconsin LLC brokered the transaction on behalf of the seller, a private investor group represented by Oak Brook, Ill.-based Inland Private Capital.
GLENDALE, WIS. — Olshan Properties has arranged a retail lease for Old Navy at Bayshore Town Center in Glendale, a suburb of Milwaukee. The clothing retailer will occupy a 17,025-square-foot space that formerly housed an Applebee’s restaurant, which has relocated to a larger location within the center. Old Navy’s new store will anchor the west entrance opposite the food court on the north end of Bayshore Town Center. Renovation of the space is currently underway and the Old Navy store is expected to open to the public late this summer. Old Navy currently occupies spaces in five other Olshan Properties retail locations.
MILWAUKEE — The Dickman Co. Inc./CORFAC International has brokered the sale of a 3,900-square-foot retail building in Milwaukee. The property is located at 3706 W. Wisconsin Ave. MTL 1245 R Street LLC purchased the building for an undisclosed sales price from Houser Properties 3706 LLC. Anthony Huenerbein was the broker involved in the transaction.
MADISON, WIS. — ALTUS Commercial Real Estate Inc. has arranged a 2,139-square-foot office lease in Madison. Wisconsin Newspaper Association will occupy the space located at 34 Schroeder Court, Suite 2. Chuck Polenz of ALTUS represented the tenant, and Jeff Jansen of ALTUS represented the landlord.
NEW BERLIN, WIS. — DTZ Barry has arranged the lease of a 14,507-square-foot industrial space in New Berlin. Industrial Automations Solutions Inc. (IAS), an engineering company, will occupy space located at 5125 S. Towne Center. Kevin Barry of DTZ Barry represented IAS in the lease.
MADISON, WIS. — Lee & Associates has brokered the $2 million sale of land at 149 E. Wilson St. in Madison. McGrath Projects purchased the property and plans to build a luxury multistory housing project on the site. Steve Doran of Lee & Associates of Madison and Debby Dines of Dines Inc. were the brokers involved in the transaction. McShane Construction was the seller.
KIMBERLY, WIS. — Mid-America Real Estate – Wisconsin LLC has arranged the $460,000 sale of a 6,900-square-foot retail building in Kimberly, four miles east of Appleton. Commercial Horizons Inc. purchased the former Associated Bank, which is located at 600 W. Kimberly Ave. Community First Credit Union will occupy the building. Joe Kleiman and Dan Rosenfeld of Mid-America Real Estate – Wisconsin LLC represented the undisclosed seller in the transaction.
PLEASANT PRAIRIE, WIS. — Mid-America Real Estate has arranged the sale of a 9,035-square-foot, three-tenant shopping center in Pleasant Prairie. The Plaza at Prairie Ridge is located at the southeast corner of 75th Street and 104th Avenue. Oak Brook, Ill.-based Inland Real Estate Acquisitions Inc. purchased the property for an undisclosed sales price. Target, JC Penney, Dick’s Sporting Goods, and PetSmart shadow-anchor the shopping center. Carly Gallagher of Mid-America and Dan Rosenfeld of Mid-America Real Estate – Wisconsin LLC were the exclusive brokers in the transaction on behalf of the seller, Milwaukee-based Evo Properties LLC.