Wisconsin

Kraus-Anderson Completes Conversion of Manufacturing Facility into Apartments in Wisconsin

by Kristin Harlow September 4, 2019

LA CROSSE, WIS. — Kraus-Anderson Construction Co. has completed the conversion of the former La Crosse Plow Co. manufacturing facility into apartments. Now known as Landmark by the Rivers, the property is located at 525 N. 2nd St. Designed by Dimension IV Madison Design Group and owned by La Crosse-based JJAWC LLC, the project consists of 64 loft units. Amenities include an exercise room, multipurpose room, business center, dog wash, coffee bar, rooftop deck and bicycle storage. Monthly rental rates start at $1,600 for one-bedroom units. Retail and office space also is available for lease at the property.

September 4, 2019

Acquisitions Midwest Retail Wisconsin

Consolidated-Tomoka Purchases Alpine Valley Music Theatre in Wisconsin for $7.5M

by Kristin Harlow September 4, 2019

EAST TROY, WIS. — Consolidated Tomoka Land Co. has purchased the Alpine Valley Music Theatre in East Troy for $7.5 million. The amphitheater can accommodate up to 37,000 people and includes a 7,500-seat pavilion and extensive green space. Live Nation Entertainment Inc. occupies the property on a net-lease basis. There are approximately 11 years remaining on the lease. Zilber Property Group sold the venue, according to the Milwaukee Business Journal.

September 4, 2019

Acquisitions Midwest Retail Wisconsin

Mid-America Brokers Sale of 259,962 SF Shopping Center in West Allis, Wisconsin

by Kristin Harlow September 3, 2019

WEST ALLIS, WIS. — Mid-America Real Estate Corp. has brokered the sale of West Allis Center in Wisconsin for $18.1 million. The 259,962-square-foot shopping center, built in 1964, is located along the 108th Street retail corridor, four miles southwest of downtown Milwaukee. Tenants include Pick ‘n Save, Kohl’s, Marshalls, HomeGoods, BMO Harris Bank and Walgreens. Ben Wineman and Dan Rosenfeld of Mid-America represented the seller, Ohio-based Retail Value Inc. Tennessee-based GBT Realty Corp. purchased the asset.

September 3, 2019

Acquisitions Industrial Midwest Wisconsin

Zilber Acquires 121,000 SF Industrial Building in Pleasant Prairie, Wisconsin

by Kristin Harlow September 3, 2019

PLEASANT PRAIRIE, WIS. — Zilber Property Group has acquired a 121,000-square-foot industrial building located at 8778 100th St. in Pleasant Prairie. The purchase price was undisclosed. The vacant property is situated within LakeView Corporate Park. It features a clear height of 26 feet, six docks, two drive-in doors, 12,000 square feet of office space and 115 car parking stalls. MG Design formerly occupied the property. Eric Fischer of Cushman & Wakefield represented the undisclosed seller. Michael Kleber of Zilber represented Zilber.

September 3, 2019

Development Midwest Multifamily Seniors Housing Wisconsin

Ryan Cos. to Develop 141-Unit Senior Living Community in Wisconsin

by Kristin Harlow August 28, 2019

SUN PRAIRIE, WIS. — Ryan Cos. US Inc. will develop a 141-unit senior living community to be named Talamore at Sun Prairie in suburban Madison. Ryan will develop, design and build the project and is set to begin construction in spring 2020. Great Lakes Management will operate the property. Talamore at Sun Prairie will offer independent living, assisted living and memory care services. Amenities will include multiple dining venues, a library, wellness center, salon, clubroom and activity room.

August 28, 2019

Acquisitions Hospitality Midwest Wisconsin

Marcus & Millichap Arranges Sale of 100-Room Hotel in Wisconsin

by Kristin Harlow August 26, 2019

JOHNSON CREEK, WIS. — Marcus & Millichap has arranged the sale of the Comfort Suites Johnson Creek, a 100-room hotel located about 45 miles west of Milwaukee. The sales price was not disclosed. The property is located at 725 Paradise Lane near I-94. It includes approximately 7,600 square feet of event space. Jake Erickson and Jared Plamann of Marcus & Millichap represented the undisclosed buyer and seller in the transaction.

August 26, 2019

Acquisitions Industrial Midwest Self-Storage Wisconsin

Strategic Storage Growth Trust Acquires 770-Unit Self-Storage Facility in Milwaukee

by Kristin Harlow August 21, 2019

MILWAUKEE — Strategic Storage Growth Trust II Inc. (SSGT II) has acquired a newly constructed, 770-unit self-storage facility in Milwaukee for an undisclosed price. Located at 3420 W. Capitol Drive, the facility is situated on 3.9 acres and comprised of approximately 83,000 rentable square feet. The property features drive-up units, climate-controlled units, a covered loading area and gate access. SSGT II is a private real estate investment trust sponsored by an indirect subsidiary of SmartStop Self Storage REIT Inc.

August 21, 2019

Development Midwest Wisconsin

Milwaukee Symphony Orchestra Underway on $89M Performance Hall Project

by Kristin Harlow August 19, 2019

MILWAUKEE — The Milwaukee Symphony Orchestra (MSO) is converting the former Warner Grand Theater, located at 212 W. Wisconsin Ave., into its new performance hall. The $89 million project is expected to open in fall 2020. As part of the project, construction partners C.D. Smith Construction, International Chimney Corp. and Expert House Movers moved a seven-story wall 35 feet toward the street while keeping it fully intact. The wall dates back to 1931 when the former theater was built. By expanding the theater, the MSO can offer better visibility for patrons as well as fit the entire orchestra on stage. The MSO, led by Music Director Ken-David Masur, was founded in 1959.

August 19, 2019

Acquisitions Hospitality Midwest Wisconsin

Marcus & Millichap Arranges $4.7M Sale of 75-Room Hotel in Green Bay

by Kristin Harlow August 6, 2019

GREEN BAY, WIS. — Marcus & Millichap has arranged the sale of the Country Inn & Suites in Green Bay for $4.7 million. Built in 1995, the 75-room hotel is located at 2945 Allied St. Jake Erickson and Jared Plamann of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer.

August 6, 2019

Acquisitions Industrial Midwest Wisconsin

JV Acquires 354,000 SF Manufacturing Facility in Kenosha, Wisconsin

by Kristin Harlow July 30, 2019

KENOSHA, WIS. — A joint venture between Clear Height Properties and Israel-based Buligo Capital Partners has acquired the 354,000-square-foot headquarters of Kenall Lighting Inc. The purchase price was not disclosed. The manufacturing and distribution facility is located within the Business Park of Kenosha. Completed in 2014, the building sits on a 20.4-acre site and includes 50,000 square feet of office space. It features a clear height of 32 feet, eight exterior docks, one drive-in door and 442 car parking stalls. Kenall Lighting produces lighting fixtures, with applications in corrections, healthcare, public spaces, food processing and transit. Jeffrey Devine and Steve Disse of Colliers International represented the seller, a private investor.

July 30, 2019

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