MILWAUKEE — Morgan/Harbour Construction has been selected to build a 150,000-square-foot speculative warehouse on behalf of Scannell Properties in Milwaukee. Located on a 12.5-acre parcel, the building will feature 15 exterior docks and 22 trailer stalls. Paul Woody Architect Inc. and Pinnacle Engineering Group make up the project team. Jeff Hoffman of The Boerke Company will market the property for lease. Completion is slated for this fall.
SUSSEX, WIS. — Ascension Medical Group of Southeast Wisconsin has signed a 5,586-square-foot office lease in Sussex, about 19 miles northwest of Milwaukee. The property is situated on Main Street. Jenna Maguire and Hakan Hare of Founders 3 Real Estate Services represented the landlord, Sawall Office Building LLC. Ascension is a faith-based healthcare organization.
SUN PRAIRIE, WIS. — Arbor Realty Trust Inc. has provided a $3.2 million small-balance loan through Fannie Mae for the refinancing of Stonewood Crossing in Sun Prairie, a suburb of Madison. Built in 2018, the 24-unit multifamily property features covered parking and access to a nearby walking trail. Geoffrey Platt of Arbor originated the fixed-rate loan, which is fully amortized over 30 years.
KENOSHA, WIS. — The Barry Company has arranged the sale of a lot that spans about three-quarters of an acre in Kenosha. The buyer, S&L Properties Kenosha 142 LLC, plans to construct a Culver’s restaurant on the site. The lot is located at the intersection of Highway 142 and I-94 and is adjacent to Amazon’s 1.5 million-square-foot distribution campus. Kevin Barry of Barry Co. represented the undisclosed seller. Tom Treder of Founders 3 Real Estate Services represented the buyer. Culver’s is known for its burgers and frozen custards.
BROOKFIELD, WIS. — Korndoerfer Homes Inc. has renewed its 6,414-square-foot office lease in Brookfield. The home building company occupies space at 175 N. Corporate Drive. Dan Wroblewski, Matt Fahey, Joe Moritz, Ben Anderson and Brandon Ciebell of Colliers International brokered the lease transaction.
WAUWATOSA, WIS. — Walgreens has leased 4,429 square feet at 2265 N. Mayfair Road in Wauwatosa, a western suburb of Milwaukee. Ross Koepsel of Founders 3 Real Estate Services brokered the lease transaction. SRS Real Estate Partners is the landlord.
BROOKFIELD, WIS. — Newmark Knight Frank has acquired MLG Commercial LLC, a Wisconsin-based company that offers real estate investment services to institutional or individual investors. MLG Capital pursues investments in approximately 15 states and self-manages its assets. The company is currently raising its fourth private real estate investment fund, MLG Private Fund IV LLC, a targeted $200 million equity fund that is accepting new accredited investors through March 31, 2021. Since the inception of MLG Capital in 1987, the firm has had investments totaling approximately 18.3 million square feet with a value exceeding $1.6 billion.
WATERTOWN, WIS. — The Dickman Company Inc./CORFAC International has negotiated the sale of a 245,000-square-foot industrial building in Watertown for an undisclosed price. The property is situated at 1141 S. 10th St. in Watertown, about 50 miles west of Milwaukee. TJ Huenerbein and Nick Keys of Dickman brokered the transaction. TJW Plant 10 LLC purchased the building from Midland Stamping and Fabricating Corp.
MILWAUKEE — Colliers International has brokered the sale of the King Juice Co. headquarters in Milwaukee for $4.5 million. The 114,000-square-foot beverage manufacturing property is located at 851 W. Grange Ave. King Juice Co., which makes lemonades, iced teas and fruit beverages, has a long-term lease at the property. Tom Shepherd, Jennifer Huber-Bullock and Steve Sewart of Colliers represented the seller, Milwaukee-based Salvatore B. Purpero Living Trust. New York-based BBS Grange Road Investors LLC purchased the asset. The buyer plans to add a new parking lot and upgrade the office finishes.
GERMANTOWN, WIS. — Zilber Property Group has unveiled plans to develop two speculative industrial facilities totaling 403,021 square feet in Germantown, a northwest submarket of Milwaukee. The buildings will be situated within the newly constructed Germantown Gateway Corporate Park. Currently, a 706,000-square-foot distribution facility occupied by Wauwatosa-based Briggs & Stratton Corp. anchors the business park. The new facilities will feature clear heights of 30 feet, LED lighting and ESFR sprinkler systems. A timeline for development was not disclosed.
