Friday, January 16, 2026
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DevelopmentIndustrialMidwestWisconsin

McShane Completes 372,000 SF Manufacturing Facility for Schuetz Container Systems in Kenosha, Wisconsin

by Kristin Harlow

KENOSHA, WIS. — McShane Construction Co. has completed a build-to-suit manufacturing and distribution facility for Schuetz Container Systems in Kenosha. The manufacturer of industrial packaging is part of Germany-based Schütz Group. McShane provided design-build services for the 372,000-square-foot building, which offers a clear height of 40 feet, 48 truck docks, four drive-in doors, 245 trailer parking spaces and six 4,000-amp power services. The project also includes a two-story, 14,000-square-foot office, mezzanines throughout the manufacturing areas and four interior cranes to assist with equipment installation and moving materials. McShane also completed a railroad extension, bringing three rail lines to the site. Harris Architects served as the architect.

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AcquisitionsIndustrialMidwestWisconsin

NAI Pfefferle Brokers Sale of 33,315 SF Industrial Facility in Central Wisconsin

by Kristin Harlow

WAUSAU, WIS. — NAI Pfefferle has brokered the sale of a 33,315-square-foot industrial facility in central Wisconsin’s Wausau. The property is located at 840 S. 66th Ave. The sales price was not disclosed, but the asking price was $2.2 million. TJ Morice of NAI Pfefferle brokered the sale.

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Build-to-RentLoansMidwestSingle-Family RentalWisconsin

BWE Secures $33.6M in Financing for Build-to-Rent Community in Oak Creek, Wisconsin

by Kristin Harlow

OAK CREEK, WIS. — BWE has secured $33.6 million in permanent financing for Heyday Oak Creek, a 130-unit build-to-rent community in the Milwaukee suburb of Oak Creek. Dan Rosenberg, Tim Caffrey and Logan Petersmeyer of BWE arranged the Fannie Mae loan on behalf of Heyday, a Chicago-based developer specializing in build-to-rent communities. The financing paid off the construction loan and closed immediately upon the conclusion of the property’s initial lease-up. The recently built property includes 22 ranch-style buildings with a mix of one-, two- and three-bedroom homes.

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LoansMidwestRetailWisconsin

MMCC Secures $8M in Financing for Retail Center in Hales Corners, Wisconsin

by Kristin Harlow

HALES CORNERS, WIS. — Marcus & Millichap Capital Corp. (MMCC) has secured an $8 million loan for Hales Corners Plaza, a 94,207-square-foot retail center in the Milwaukee suburb of Hales Corners. The property is fully leased to tenants such as Great Clips, AT&T, a nail salon and a physical therapy clinic. Michael Hughes of MMCC arranged the financing on behalf of the private client. A credit union provided the five-year loan, which features a 75 percent loan-to-value ratio, 6 percent interest rate and 30-year amortization period.

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LoansMidwestMultifamilyWisconsin

MMCC Arranges $18M in Financing for Multifamily Property Near Green Bay

by Kristin Harlow

ASHWAUBENON, WIS. — Marcus & Millichap Capital Corp. (MMCC) has arranged $18 million in financing for The Common Place, an 88-unit multifamily property located at 686 Mike McCarthy Way in Ashwaubenon, a suburb of Green Bay. The property is located in the city’s Sports & Entertainment District, blocks away from Lambeau Field and Titletown. Odyssey Climbing & Fitness occupies the first floor of the building. Units range from studios to two-bedroom floor plans, and amenities include a courtyard and bike storage. Robert Bhat of MMCC arranged the five-year, nonrecourse CMBS loan with a national bank. The loan features a 70 percent loan-to-value ratio, 6.45 percent interest rate and interest-only payments for the full term.

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AcquisitionsIndustrialMidwestWisconsin

Barry Co. Arranges Sale of 14,918 SF Industrial Building in Lake Geneva, Wisconsin

by Kristin Harlow

LAKE GENEVA, WIS. — The Barry Co. has arranged the sale of a 14,918-square-foot industrial building located off Highway 12 in Lake Geneva. The facility sits on the historic site of the former Sheridan Springs Bottling Works, known for its natural spring. Stout Development Group was the buyer. The site includes a detached 2,000-square-foot masonry garage.

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AcquisitionsIndustrialMidwestWisconsin

CBRE Negotiates $10M Sale of Industrial Property in Waukesha, Wisconsin

by Kristin Harlow

WAUKESHA, WIS. — CBRE has arranged the sale of Ridgeview Industrial Center IV in Waukesha for $10 million. Bentley Smith, Joe Horrigan, Ryan Bain, Zach Graham, Judd Welliver and Mike Caprile of CBRE represented the seller, Mohr Capital. Billy Mork, Mike Vannelli and Joel Torborg of CBRE arranged a five-year, fixed-rate acquisition loan on behalf of the buyer, Capital Partners. Located near the I-94 and Redford Boulevard intersection and minutes from Waukesha County Airport, the 89,405-square-foot facility was built in 2001 and renovated in 2021 and 2023. The building features a clear height of 22 feet, one drive-in door, 14 dock doors and a 316-stall parking lot. The asset was fully occupied at the time of sale with a 7.9-year weighted average lease term.

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Affordable HousingDevelopmentMidwestMultifamilyWisconsin

McShane to Build 50-Unit Affordable Housing Development in Madison, Wisconsin

by Kristin Harlow

MADISON, WIS. — McShane Construction Co. will build The Conway at Huxley Yards in Madison for developer Lincoln Avenue Communities. The affordable housing development will feature 50 units in a five-story building with four residential floors atop a precast parking garage. Amenities will include a fitness room, community room, mail room and leasing area. The project was designed to achieve Wisconsin Green Built Homes Gold Certification and Energy Star Multifamily Certification and is part of the EPA Indoor AirPlus program. Completion is slated for the third quarter of 2026. Knothe & Bruce Architects is the project architect.

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Affordable HousingDevelopmentLoansMidwestMultifamilyWisconsin

CPC Mortgage Provides $16.4M in Financing for 164-Unit Affordable Housing Project in Madison, Wisconsin

by Kristin Harlow

MADISON, WIS. — CPC Mortgage Co., a subsidiary of The Community Preservation Corp., has provided a $16.4 million Freddie Mac Targeted Affordable Housing (TAH) forward commitment for the permeant financing of Taking Shape B1, the first phase of Taking Shape, Our Triangle, a redevelopment project in Madison’s Triangle neighborhood. Developed through a partnership between the Community Development Authority of the City of Madison (CDA) and New Year Investments, Taking Shape B1 will provide 164 affordable housing units at 755 Braxton Place. The project is part of a multi-phase plan to reimagine and revitalize the Brittingham Apartments, Gay Braxton Apartments, Karabis Apartments and Parkside Highrise and Townhomes — collectively known as the CDA Triangle Sites. Key partners in the financing and development of Taking Shape B1 include the Wisconsin Housing and Economic Development Authority, serving as the tax-exempt bond issuer; U.S. Bank, acting as the construction lender; National Equity Fund, the project’s low-income housing tax credit syndicator; and Baker Tilly, providing expertise as the project’s consultant. The 10-acre site is shared with the Bayview Foundation and two medical buildings. All of the units will be designated as affordable for households earning at or below 60 percent of the area median income. …

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DevelopmentMidwestMultifamilyStudent HousingWisconsin

CRG Breaks Ground on 516-Bed Chapter Mifflin Student Housing Community Near University of Wisconsin-Madison

by Kristin Harlow

MADISON, WIS. — CRG has broken ground on Chapter Mifflin, a six-story, 516-bed student housing community in Madison’s Mifflin District adjacent to the University of Wisconsin-Madison. CRG assembled a 1.5-acre site of 12 contiguous parcels along West Washington Avenue and West Mifflin Street for the project and rezoned them for higher-density residential. Chapter Mifflin will offer 162 fully furnished units. Completion is slated for the 2027-28 academic year, with preleasing expected to commence in summer 2026. Currently home to a mix of single-family residences and duplexes operating as student housing, the project site is a half mile from the Memorial Library and four blocks from the retail and entertainment offerings along the State Street corridor. Chapter Mifflin will offer a range of studio through five-bedroom units. Amenities will include a fitness center, study areas, outdoor courtyards, a fifth-floor terrace and secure parking garage. Lamar Johnson Collaborative, a subsidiary of CRG’s parent company Clayco, designed the project, which will feature a public pedestrian connection. Wisconsin-based CG Schmidt will serve as general contractor. CRG worked with Alder Mike Verveer; Madison’s Department of Planning, Community & Economic Development; Capitol Neighborhoods Inc.; and other local stakeholders on the project.

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