Wisconsin

Barry Co. Arranges Sale of 11,800 SF Industrial Building in Franksville, Wisconsin

by Kristin Harlow July 6, 2018

FRANKSVILLE, WIS. — The Barry Company has arranged the sale of an 11,800-square-foot industrial building in Franksville, about 20 miles south of Milwaukee, for an undisclosed price. Former occupant Custom Painted Vehicles sold the property and has moved to a larger, neighboring facility. David Barry of The Barry Company represented the seller in the transaction. Gurtz Electric Co. purchased the building. The property is located near the Foxconn development area in the I-94 corridor. Foxconn, an electronics manufacturer, is expected to hire 13,000 workers for its Wisconsin facility, which is currently under construction.

July 6, 2018

Industrial Leasing Activity Midwest Wisconsin

Sellars Signs 134,000 SF Lease at Former Lowe’s Store in Milwaukee

by Kristin Harlow July 5, 2018

MILWAUKEE — Sellars Absorbent Materials Inc. has signed a 134,000-square-foot lease at the former Lowe’s Home Improvement store located at 5800 W. Hope Ave. in Milwaukee. Built in 2004, the property has been vacant since Lowe’s closed the store in 2009. Phoenix Investors, which purchased the building in July 2016, plans to make structural and cosmetic upgrades to the property for Sellars’ distribution operations. Sellars is a Milwaukee-based manufacturer of paper towels, wipes and other absorbent materials. Samuel Dickman Jr., Samuel Dickman Sr. and Zach Noble of the Dickman Co. Inc. brokered the lease transaction.

July 5, 2018

Development Hospitality Midwest Wisconsin

Janko Hospitality Opens Hyatt Place Hotel in Milwaukee’s Brewery District

by Kristin Harlow June 27, 2018

MILWAUKEE — Janko Hospitality has opened a new Hyatt Place hotel at The Brewery District in Milwaukee. The 150-room, six-story hotel is located one block away from the new Milwaukee Bucks arena. The Brewery District is situated on the former home of the Pabst Brewing Complex. The select-service hotel boasts more than 1,700 square feet of meeting space and a fitness center. This is the first Milwaukee hotel to be operated by Janko Hospitality, which manages other select and full-service properties throughout the Midwest.

June 27, 2018

Acquisitions Data Centers Industrial Midwest Wisconsin

Carter Validus Sells 59,516 SF Data Center Near Milwaukee for $21M

by Kristin Harlow June 20, 2018

HARTLAND, WIS. — Carter Validus Mission Critical REIT Inc. has sold its Milwaukee Data Center in Hartland, about 30 miles west of Milwaukee, for $21 million. The 59,516-square-foot property sits on nearly eight acres. Landmark Infrastructure Operating Co. LLC purchased the asset. The company also recently sold a data center in Alpharetta, Ga., for $64 million. Carter Validus Mission Critical (CVMC) REIT I owns one remaining data center in Andover, Mass., but CVMC REIT II owns 27 data center properties as of the end of the first quarter.

June 20, 2018

Leasing Activity Midwest Office Wisconsin

National General Insurance Signs 31,315 SF Lease, Brings Office Complex to Full Occupancy in Milwaukee

by Kristin Harlow June 15, 2018

MILWAUKEE — National General Insurance has signed a 31,315-square-foot office lease at Schlitz Park in Milwaukee. The 800,000-square-foot office complex is now fully leased. In 2011, Schlitz Park began undergoing a $30 million renovation. Since then, more than 20 new or expanded leases feature tenants such as the Milwaukee Bucks, UMB Fund Services, Infosys, AECOM, Badger Liquor, HSA Bank and Trusted Media Brands. Ned Purtell and Jenna Maguire of Founders 3 Real Estate Services represented Schlitz Park in the lease transaction. Chris Richards of Oakbrook Corp. represented National General Insurance, a personal lines insurance company headquartered in New York City. Schlitz Park is owned and managed by The Brewery Works Inc., the organization formed by the families that purchased the property in 1983.

June 15, 2018

Industrial Leasing Activity Midwest Wisconsin

Colliers Negotiates 534,384 SF Industrial Lease Renewal for Arvato in Southeast Wisconsin

by Kristin Harlow June 13, 2018

PLEASANT PRAIRIE, WIS. — Colliers International has negotiated a 534,384-square-foot industrial lease renewal on behalf of Arvato Digital Services in Pleasant Prairie, approximately 37 miles south of Milwaukee. Located at 11500 80th Ave., the property features 20,000 square feet of office space, 40 exterior docks, four drive-in doors and a clear height of 32 feet. CenterPoint has owned the property since 2009. Fred Regnery and Jack Rosenberg of the Chicago office of Colliers represented Arvato in the lease transaction. Arvato distributes consumer products to retail store distribution centers as well as directly to consumers.

June 13, 2018

Development Midwest Office Wisconsin

Irgens Begins Construction of BMO Tower in Downtown Milwaukee

by Kristin Harlow June 4, 2018

MILWAUKEE — Irgens has begun construction of BMO Tower in downtown Milwaukee. Four concrete pumps poured 6,700 cubic yards of concrete over the weekend to create the foundation for the 380,000-square-foot office tower. Completion is slated for late 2019. Located at 770 N. Water St., the tower will rise 20 stories. BMO Harris Bank and Michael Best have signed leases at the property. Colliers International is the leasing agent, J.H. Findorff & Son is the general contractor and Kahler Slater is the architect.

June 4, 2018

Industrial Leasing Activity Midwest Wisconsin

Infinity Machine & Engineering Renews 34,100 SF Industrial Lease in Ashwaubenon, Wisconsin

by Kristin Harlow May 29, 2018

ASHWAUBENON, WIS. — Infinity Machine & Engineering Corp. has renewed its 34,100-square-foot industrial lease at 995 Waube Lane in Ashwaubenon, just south of Green Bay. Scott Revolinski of Founders 3 Real Estate Services represented the landlord, LCM Funds Real Estate LLC, in the transaction.

May 29, 2018

Acquisitions Industrial Midwest Wisconsin

Colliers Negotiates 19,773 SF Industrial Sale in Wauwatosa, Wisconsin

by Kristin Harlow May 29, 2018

WAUWATOSA, WIS. — Colliers International has negotiated a 19,773-square-foot industrial sale in Wauwatosa for an undisclosed price. The property is located at 11200 W. Watertown Plank Road. Pat Hake and Russ Sagmoen of Colliers brokered the transaction. DEP Investments LLC was the buyer, while the seller was undisclosed

May 29, 2018

Leasing Activity Midwest Office Wisconsin

Spaces Signs 43,000 SF Office Lease in Downtown Milwaukee

by Kristin Harlow May 24, 2018

MILWAUKEE — Spaces has signed a 43,000-square-foot office lease at 1433 N. Water St. in downtown Milwaukee. This will be the first Milwaukee location for the co-working company. The fourth- and fifth-floor space will feature a business club, private offices and desks. Members will also have access to a rooftop patio, meeting rooms and other amenities. A project of Wangard Partners, the 115,600-square-foot property is a redevelopment of the former Laacke & Joys building. John Mazza and Alyssa Geisler of CBRE represented Wangard Partners in the lease transaction. Michael Streit and Patrick Savoie of JLL represented Spaces.

May 24, 2018

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