Wisconsin

Boulder Group Arranges $2.3M Sale of Net Leased Piggly Wiggly Store in Wisconsin

by Kristin Harlow December 12, 2019

NEW HOLSTEIN, WIS. — The Boulder Group has arranged the $2.3 million sale of a single-tenant property net leased to grocer Piggly Wiggly in New Holstein, about 40 miles south of Green Bay. The 29,651-square-foot building is located at 2243 Calumet Drive. There are more than eight years remaining on Piggly Wiggly’s lease. Randy Blankstein and John Feeney of Boulder represented the seller, a Wisconsin-based partnership. A Midwest-based individual purchased the asset while completing a 1031 tax-deferred exchange.

December 12, 2019

Acquisitions Industrial Midwest Wisconsin

Venture One Acquires 151,474 SF Industrial Building in Mount Pleasant, Wisconsin

by Kristin Harlow December 11, 2019

MOUNT PLEASANT, WIS. — VK Industrial V LP, a partnership between Venture One Real Estate and Kovitz Investment Group, has acquired a 151,474-square-foot industrial building in Mount Pleasant for an undisclosed price. The facility, built in 2007, is located at 3535 Oakes Road. The building features a clear height of 21.5 feet, six exterior docks, two drive-in doors and 8,372 square feet of office space. A concrete parking lot can accommodate 301 cars and 112 trailers. The site can accommodate additional outdoor storage, parking or an industrial build-to-suit on an adjacent 25-acre parcel. Brian Bocci of Entre Commercial Realty represented Venture One in the transaction and will be retained to market the vacant property for lease. The seller was undisclosed.

December 11, 2019

Market Reports Midwest Midwest Market Reports Retail Wisconsin

Milwaukee Market Experiences Development Boom Across Neighborhoods

by Kristin Harlow November 28, 2019

Milwaukee has experienced development at an unbelievable rate, and within the past couple of years there has truly been a downtown renaissance worth bearing witness. The city has done an excellent job of creating value, attracting jobs and spurring development that has led to unprecedented economic and social revitalization. With both local and national headlines praising Foxconn, Amazon, Northwestern Mutual and the Milwaukee Bucks, it is no wonder things have changed. While Milwaukee continues its quest to establish itself as the Great Lakes capital, the changes happening to its culture are what appear to have everyone on their feet. Between the East Side, downtown, Historic Third Ward, Walker’s Point and Bay View, there are so many cool concepts coming online, each of which showcases the unique character of the area it serves. From the Bucks Entertainment District to Zocalo food truck park (Phelan Development), there is something different in just about every corner. It comes as no surprise much of the action is coming from the food and beverage segment, as Milwaukee is after all “Brew City.” One of these concepts is Crossroads Collective. Crossroads is the brainchild of developer Tim Gohkman with New Land Enterprises. The food hall took …

November 28, 2019

Acquisitions Hospitality Midwest Wisconsin

Marcus & Millichap Negotiates $5.8M Sale of 79-Room Hotel in Wisconsin

by Kristin Harlow November 27, 2019

WATERTOWN, WIS. — Marcus & Millichap has negotiated the $5.8 million sale of a 79-room Holiday Inn Express hotel in Watertown, which is situated in between Madison and Milwaukee. Built in 1996, the property is located at 101 Aviation Way. Ebrahim Valliani, John Yurich, Allan Miller and Chris Gomes of Marcus & Millichap marketed the hotel for sale on behalf of the seller, a private investor. Jake Erickson and Jared Plamann of Marcus & Millichap’s Minneapolis office secured and represented the buyer, a limited liability company.

November 27, 2019

Acquisitions Industrial Midwest Wisconsin

Dickman Co./CORFAC International Arranges Sale of 16,000 SF Industrial Building in Wisconsin

by Kristin Harlow November 26, 2019

HARTFORD, WIS. — The Dickman Co./CORFAC International has arranged the sale of a 16,000-square-foot industrial building in Hartford, about 40 miles northwest of Milwaukee. The property is located at 1024-26 Western Drive. Nick Keys and TJ Huenerbein of Dickman represented the seller, WB Investments LLC. Endpoint Group LLC purchased the building. Tenants were not disclosed.

November 26, 2019

Acquisitions Hospitality Midwest Wisconsin

Midas Hospitality Acquires 160-Room Aloft Hotel in Downtown Milwaukee

by Kristin Harlow November 25, 2019

MILWAUKEE — Midas Hospitality has acquired Aloft Milwaukee Downtown, a 160-room hotel located at 1230 Old World Third St. The purchase price was nearly $26.5 million, according to the Milwaukee Business Journal. Jackson Street Holdings LLC developed the property in 2009. The hotel is home to five meeting rooms, a bar, fitness center, indoor swimming pool and outdoor space. It is adjacent to Fiserv Forum, the new arena for the Milwaukee Bucks basketball team. This is the third hotel Midas has acquired through its Midas Hotel Fund, which has raised $25 million to date. Aloft is under the Marriott umbrella of hotels.

November 25, 2019

Development Midwest Office Wisconsin

Hy Cite Opens 90,000 SF Headquarters in Middleton, Wisconsin

by Kristin Harlow November 25, 2019

MIDDLETON, WIS. — Hy Cite Enterprises has opened its 90,000-square-foot corporate headquarters in Middleton, a suburb of Madison. Designed by EUA and built by Ideal Builders, the new office consolidates three offices and multiple departments into one building. Amenities include a fitness center, café, outdoor garden, demonstration kitchen and underground parking. The project incorporates energy-efficient features such as a solar panel array and high levels of insulation. Hy Cite sells kitchenware through a network of 6,000 independent distributors in the United States, Mexico and South America.

November 25, 2019

Acquisitions Midwest Multifamily Wisconsin

Cushman & Wakefield Brokers $18.7M Multifamily Sale in Suburban Milwaukee

by Kristin Harlow November 20, 2019

WAUKESHA, WIS. — Cushman & Wakefield has brokered the sale of Springdale Apartments in Waukesha for $18.7 million. The three-story, 199-unit multifamily property is located at 2415 Springdale Road. Developed in 1973, the community houses a mix of one-, two- and three-bedroom units averaging 920 square feet. The property was nearly fully leased at the time of sale. Brad Smith of Cushman & Wakefield represented the seller, Milwaukee-based Trike Property Management. Janesville-based Spaulding Group purchased the asset. Prior to the sale, Trike completed renovations to 20 of the units. Spaulding plans to continue upgrading both the units and common areas.

November 20, 2019

Acquisitions Midwest Multifamily Wisconsin

JLL Brokers $47.5M Sale of Apartment Property in Suburban Madison, Wisconsin

by Kristin Harlow November 19, 2019

FITCHBURG, WIS. — JLL has brokered the $47.5 million sale of The Vue at Pinnacle Park in Fitchburg, a suburb of Madison. The 285-unit, Class A apartment property is located at 1300 Post Road. Built in 2014, the 9.8-acre property comprises five three-story buildings. Units average 976 square feet. Amenities include a pool, grilling area, fitness center, clubroom and pet washing stations. The property was 97 percent leased at the time of sale. Wick Kirby, Marty O’Connell, Kevin Girard and Amanda Friant of JLL represented the seller, Milwaukee-based Fiduciary Real Estate Development Inc. JLL also procured the buyer, Weidner Apartment Homes.

November 19, 2019

Development Industrial Midwest Wisconsin

Kroger, Ocado Select Pleasant Prairie, Wisconsin for Sixth Customer Fulfillment Center

by Kristin Harlow November 18, 2019

PLEASANT PRAIRIE, WIS. — The Kroger Co. and online grocery retailer Ocado have selected Pleasant Prairie for their sixth customer fulfillment center. The facility will span 350,000 square feet and is expected to create up to 400 new jobs. The project is slated to take two years to construct. The facility will serve customers in Wisconsin, northern Illinois and northwest Indiana. In June, Kroger broke ground on its first customer fulfillment center in Monroe, Ohio, and has since announced additional locations in Florida, Georgia, Texas and the Mid-Atlantic region.

November 18, 2019

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