Wisconsin

Quantum Brokers Sale of 26,000 SF Retail Center in Pleasant Prairie, Wisconsin

by Kristin Harlow October 18, 2019

PLEASANT PRAIRIE, WIS. — Quantum Real Estate Advisors Inc. has brokered the sale of a roughly 26,000-square-foot retail center in Pleasant Prairie for an undisclosed price. Built in 2007, the property is located at 9740-9800 76th St. The center was fully leased at the time of sale to tenants such as Starbucks, Panda Express, Aspen Dental and AT&T. Chad Firsel of Quantum represented the seller, a Chicago-based private investor. Daniel Waszak of Quantum represented the buyer, a Miami-based investor.

October 18, 2019

Development Industrial Midwest Wisconsin

Seefried, James Campbell Co. Complete Industrial Project in Franklin, Wisconsin

by Kristin Harlow October 17, 2019

FRANKLIN, WIS. — Seefried Industrial Properties, in partnership with James Campbell Co. LLC, has completed the shell construction of the 88,667-square-foot Franklin Business Center in suburban Milwaukee. The facility is available for users ranging from 20,000 to 88,667 square feet. Located at Oakwood Park Drive near Mitchell International Airport, the development is situated on 5.7 acres and features a clear height of 28 feet, 92 auto parking spaces, eight dock doors and two drive-in doors. Peak Construction Corp., Partners in Design Architects Inc. and Pinnacle Engineering Group made up the project team. Trent Poole, Christian Chambers and Paula Wink of CBRE are marketing the property for lease.

October 17, 2019

Development Midwest Multifamily Wisconsin

Ravine Park Partners Breaks Ground on 241-Unit Apartment Community in Wisconsin’s Kenosha County

by Kristin Harlow October 8, 2019

SOMERS, WIS. — Ravine Park Partners LLC has broken ground on Hawthorn Apartments in Somers in northern Kenosha County. The 241-unit luxury apartment community is slated for completion in April 2020. Community amenities will include a pool, outdoor kitchen, game area, dog park, pet wash, car wash and fitness facility. Units will feature washers and dryers, refrigerators with water dispensers, microwaves, dishwashers and quartz countertops. Legacy Varin Management will manage the property.

October 8, 2019

Acquisitions Midwest Retail Wisconsin

Mid-America Brokers Sale of 54,216 SF Shopping Center in Madison, Wisconsin

by Kristin Harlow October 7, 2019

MADISON, WIS. — Mid-America Real Estate Corp. has brokered the sale of Oakbridge Retail Center in Madison for an undisclosed price. The 54,216-square-foot shopping center is fully leased to tenants such as Salons Etc., Heid Music, Rocky Rococo, Brothers Main and iCare. Carly Gallagher and Dan Rosenfeld of Mid-America represented the seller, a Madison-based investment group. Baltimore-based AGM Commercial Real Estate Advisors purchased the asset.

October 7, 2019

Loans Midwest Multifamily ORIX Wisconsin

ORIX Provides $40M Construction Loan for 263-Unit Multifamily Development in Wisconsin

by Kristin Harlow October 4, 2019

MIDDLETON, WIS. — ORIX Real Estate Holdings (ORIX) has provided a $40 million construction loan for a 263-unit multifamily development in Middleton, a suburb of Madison. The project will also feature 31,000 square feet of ground-floor commercial space, including a food hall. The units will be standard one-floor apartments as well as two-story lofts. Completion is slated for February 2021. The borrower was not disclosed.

October 4, 2019

Acquisitions Midwest Retail Wisconsin

Cushman & Wakefield | Boerke Brokers $5.7M Sale of Former Boston Store Property in Madison, Wisconsin

by Kristin Harlow October 4, 2019

MADISON, WIS. — Cushman & Wakefield | Boerke has brokered the sale of a former Boston Store property in Madison for $5.7 million. The 144,600-square-foot property is located within West Towne Mall, a regional mall comprising more than 120 stores. John Kuhn and David Tighe of Cushman & Wakefield | Boerke represented the seller, S&B Detrick LP. The buyer, CBL Properties, plans to raze the existing structure and oversee construction of a new Von Maur store on the 9.4-acre site.

October 4, 2019

Acquisitions Midwest Multifamily Wisconsin

Berkadia Arranges Sale of Two-Property Multifamily Portfolio in Suburban Madison, Wisconsin

by Kristin Harlow October 2, 2019

SUN PRAIRIE AND DEFOREST, WIS. — Berkadia has arranged the sale of a two-property multifamily portfolio totaling 364 units in suburban Madison. The sales price was not disclosed. The properties include Van Buren Place in Sun Prairie and The Park in DeForest. Located at 1351 Okeefee Ave., Van Buren Place is a 164-unit, garden-style community. The Park, located at 6203 Williamsburg Way, is a newly constructed, 200-unit property. Ralph DePasquale, Parker Stewart and Alex Blagojevich represented the seller, Wisconsin-based Cascade Development. Weidner Apartment Homes purchased the portfolio. Clay Akiwenzie, Chris Blechschmidt and Emily Stang of Berkadia procured acquisition financing through a life insurance company.

October 2, 2019

Acquisitions Midwest Office Wisconsin

Stan Johnson Co. Brokers $7.8M Sale of Office Building Occupied by National Park Service in Wisconsin

by Kristin Harlow September 20, 2019

BAYFIELD, WIS. — Stan Johnson Co. has brokered the $7.8 million sale of a 26,640-square-foot office building in Bayfield in upstate Wisconsin along Lake Superior. The National Park Service occupies the single-tenant building, which is located at 37705 Roys Point Blvd. The property serves as a marina, boat maintenance facility and field office for the 21 islands and 43,000 acres of public lands that make up the Apostle Islands National Park. Scott Briggs of Stan Johnson represented the seller, Wisconsin-based Roy’s Pointe LP. Delaware-based Bayfield WI I SGF LLC purchased the property.

September 20, 2019

Acquisitions Midwest Office Wisconsin

Founders 3 Brokers $8.4M Sale of Office Building in Wauwatosa, Wisconsin

by Kristin Harlow September 12, 2019

WAUWATOSA, WIS. — Founders 3 Real Estate Services has brokered the sale of a 51,651-square-foot office building in Wauwatosa, about six miles west of Milwaukee, for $8.4 million. Built in 2002, the Class B property is located at 10400 Innovation Drive. Ned Purtell and Andy Hess of Founders 3 represented the seller, 10400 Innovation LLC. Rupesh Agrawal purchased the asset.

September 12, 2019

Acquisitions Hospitality Midwest Wisconsin

Marcus & Millichap Brokers $3.5M Sale of 58-Room Hotel in Wisconsin

by Kristin Harlow September 9, 2019

WEST BEND, WIS. — Marcus & Millichap has brokered the $3.5 million sale of the Country Inn & Suites West Bend. The 58-room hotel is located at 2000 Gateway Court in West Bend, about 35 miles northwest of Milwaukee. Ebrahim Valliani, Michael Klar, Alan Miller and Chris Gomes of Marcus & Millichap marketed the property on behalf of the seller, a private investor. The team also secured the buyer, a private investor.

September 9, 2019

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