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AcquisitionsHospitalityMidwestWisconsin

Marcus & Millichap Brokers Sale of 102-Room Hampton Inn Milwaukee-Airport Hotel

by Kristin Harlow

MILWAUKEE — Marcus & Millichap has brokered the sale of the 102-room Hampton Inn Milwaukee-Airport hotel. The three-story property is situated on 3.9 acres at 1200 W. College Ave., less than three miles from the Milwaukee Mitchell International Airport. Amenities include an indoor pool, fitness center, business center, breakfast area and shuttle service. Ebrahim Valliani of Marcus & Millichap represented the seller and procured the buyer, both of which were private investment groups. The transaction received additional support from Michael Klar, Chris Gomes and Allan Miller of the Miller-Gomes Hotel Team.

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AcquisitionsMidwestRetailWisconsin

Mid-America Negotiates Sale of 117,078 SF Shopping Center in Monona, Wisconsin

by Kristin Harlow

MONONA, WIS. — Mid-America Real Estate Corp. has negotiated the sale of Pier 37, a shopping center in Monona, a suburb of Madison. The 117,078-square-foot, grocery-anchored property features a freestanding Metro Market, one of the most popular grocery chains in Wisconsin by market share and number of locations. The center is also home to Staples, Woodcraft, Buffalo Wild Wings, Starbucks, Jimmy John’s and Verizon. Rick Drogosz and Patrick Corrigan of Mid-America represented the seller, United Properties. Galway Cos. Inc. was the buyer.

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IowaMarket ReportsMidwestMidwest Market ReportsMinnesotaMissouriOfficeOhioWisconsin

Midwest Office Markets Face Mounting Pressure

by Kristin Harlow

By David Goldfisher, The Henley Group Secondary and tertiary office markets across the Midwest, including Chicago, Minneapolis, Madison, Milwaukee, Cleveland, Cincinnati, Columbus and St. Louis, are facing mounting pressure. While each city has its own challenges, a common theme is clear — vacancies remain high and liquidity is thin. Tenant shuffling One of the defining dynamics today is tenant reshuffling rather than net growth. As leases expire, employers frequently move from one building to another, seeking modernized space and stronger amenities. Renovating in place is disruptive and costly, while relocating allows businesses to upgrade with minimal operational downtime. This “musical chairs” effect highlights a deeper structural issue. There are only so many large anchor tenants in Midwest cities and few new entrants are seeking major blocks of space. There is more repositioning for existing tenants than attracting new ones. Flight to quality Landlords and developers are competing to deliver amenities that encourage office attendance and support talent retention. Modernized lobbies, tenant lounges and flexible collaboration areas have become standard expectations. Hines’ upgrades at Chicago’s 333 West Wacker Drive and 601W Cos.’ reinvestment in the Old Post Office demonstrate the scale of investment required. But not all landlords can compete. With …

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AcquisitionsMidwestMultifamilyWisconsin

Marcus & Millichap Brokers Sale of 48-Unit West Side Apartments in Mauston, Wisconsin

by Kristin Harlow

MAUSTON, WIS. — Marcus & Millichap has brokered the sale of West Side Apartments, a 48-unit multifamily property in Mauston, a city in central Wisconsin. The newly constructed asset is situated on 7.4 acres at 702 Loomis Drive near the Wisconsin Dells market and two of the state’s largest lakes. There are 24 one-bedroom and 24 two-bedroom condo-style units across 48,336 rentable square feet. Matthew Whiteside of Marcus & Millichap represented the seller, Mauston 80 LLC, and procured the buyer, Greenfeather Twenty-Eight LLC.

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AcquisitionsMidwestMultifamilyWisconsin

JVM Realty Corp. Acquires 300-Unit Luxury Apartment Community in Madison, Wisconsin

by Kristin Harlow

MADISON, WIS. — JVM Realty Corp. has acquired Wrenfield at Pleasant View, a 300-unit luxury apartment community in Madison. Berkadia brokered the sale, and Continental Properties was the seller. JVM rebranded the community from Springs at Pleasant View. Completed in 2022, the property features townhome-style design with private entries across 15 two-story buildings. Floor plans average more than 1,000 square feet and come in one-, two- and three-bedroom layouts. Amenities include a pool, fitness center, clubhouse, business center, car wash and two dog parks with a pet spa area. JVM now owns and manages 21 communities throughout the Midwest.

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Data CentersDevelopmentIndustrialMidwestWisconsin

Vantage Data Centers, Wisconsin Building Trades Council Partner on $15B Port Washington Campus

by Kristin Harlow

PORT WASHINGTON, WIS. — Vantage Data Centers and the Wisconsin Building Trades Council have partnered to build the previously announced Lighthouse data center campus in Port Washington, a northern Milwaukee suburb located along Lake Michigan. The $15 billion-plus, privately funded investment will require a workforce of more than 4,000 skilled construction workers over a three-year period and will rely on local union labor to the fullest extent possible. The new campus, part of OpenAI and Oracle’s Stargate expansion, will feature four data centers. Completion is slated for 2028. Once complete, Vantage and Oracle will create more than 1,000 long-term jobs and thousands more indirect jobs. Lighthouse is designed to preserve local resources, support new clean energy resources and advance environmental stewardship.

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AcquisitionsMidwestMultifamilyWisconsin

Marcus & Millichap Brokers $5.1M Sale of Multifamily Portfolio in Platteville, Wisconsin

by Kristin Harlow

PLATTEVILLE, WIS. — Marcus & Millichap has brokered the $5.1 million sale of a 66-unit multifamily portfolio in Platteville, a city in southwestern Wisconsin. Blake Hanlon and Mark Peltin of Marcus & Millichap represented the seller and procured the buyer, a group of investors from out of state. Michael Hughes of Marcus & Millichap Capital Corp. arranged acquisition financing. The sale marked the first time the properties had ever been brought to market. The majority of the portfolio was developed and held by the same family office for more than 40 years. The new ownership plans to improve operations. The buildings feature a mix of floor plans and are situated near the University of Wisconsin-Platteville.

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AcquisitionsMidwestMixed-UseWisconsin

Colliers Negotiates $6.8M Sale of Mixed-Use Portfolio in Brookfield, Wisconsin

by Kristin Harlow

BROOKFIELD, WIS. — Colliers has negotiated the $6.8 million sale of Six65 Brookfield in suburban Milwaukee. The portfolio features a 24-unit apartment building and a three-unit mixed-use property along Brookfield Road. Ted Stratman and Tyler Hague of Colliers brokered the transaction. The asset sold to a California-based investor completing a 1031 exchange.

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AcquisitionsMidwestRetailWisconsin

Mid-America Arranges Sale of 167,533 SF Point Loomis Shopping Center in Milwaukee

by Kristin Harlow

MILWAUKEE — Mid-America Real Estate Corp. has arranged the sale of Point Loomis, a grocery-anchored shopping center in Milwaukee’s Southpoint neighborhood. The fully leased property is home to Kohl’s, Pick ’n Save, Chase Bank, Dunkin’, Tropical Smoothie Café and Spectrum. Joe Girardi, Patrick Corrigan and Dan Rosenfeld of Mid-America represented the seller. A private buyer purchased the asset.

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DevelopmentMidwestRetailWisconsin

Topgolf Begins Development of First Venue in Wisconsin Near Madison

by Kristin Harlow

MONONA, WIS. — Topgolf has broken ground on its first venue in the state of Wisconsin. The two-level venue is set to open in fall 2026 and is located in Monona, about eight miles east of Madison. Topgolf will employ about 200 to 250 people at the property at 6400 Gisholt Drive. Topgolf Wisconsin will feature 72 outdoor climate-controlled hitting bays. Each bay will have lounge-type furniture or high-top tables. The venue will be equipped with Toptracer technology, which traces each golf ball’s flight path, distance and other metrics. There will also be a full-service restaurant and bar, more than 100 TVs, music and year-round family-friendly programming. An event space and outdoor patio will allow for team outings, family gatherings, meetings or celebrations.

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