Wisconsin

CBRE Hotels Brokers Sale of 129-Room Quality Inn Near Milwaukee

by Kristin Harlow March 12, 2018

BROOKFIELD, WIS. — CBRE Hotels has brokered the sale of a Quality Inn in Brookfield, a western suburb of Milwaukee. The 129-room hotel is located at 20150 W. Bluemound Road across from The Corners, a $220 million mixed-use redevelopment project by IM Properties and Bradford Real Estate. The hotel is also near Brookfield Square Mall and the Milwaukee County Zoo. Brian Silberman, Scott Miller and Paul DeLucia of CBRE Hotels represented the seller, ABP Real Estate Holdings LLC. Neither the sales price nor the buyer were disclosed.

March 12, 2018

Industrial Midwest Wisconsin

CBRE Arranges $50.3M Sale of Distribution Center in Chippewa Falls, Wisconsin

by Kristin Harlow March 7, 2018

CHIPPEWA FALLS, WIS. — CBRE Capital Markets has arranged the $50.3 million sale of the Mills Fleet Farm distribution center in Chippewa Falls, which is located in western Wisconsin. The Class A build-to-suit property spans 1.1 million square feet. Judd Welliver, Ryan Watts, Guy Ponticiello, Tom Holtz and Sonja Dusil of CBRE represented the seller, Ryan Cos. US Inc., which developed, designed and constructed the building. An affiliate of iStar Inc. purchased the asset.

March 7, 2018

Midwest Office Wisconsin

Founders 3 Brokers Sale of 125,560 SF Office Building in Milwaukee

by Kristin Harlow March 7, 2018

MILWAUKEE — Founders 3 has brokered the sale of the PH Dye House in Milwaukee’s Historic Third Ward for an undisclosed price. The 125,560-square-foot office building is located at 320 E. Buffalo St. Tenants include Engberg Anderson Architects, Thiel Design and Hailing & Cayo SC. Andy Hess of Founders 3 brokered the transaction. The buyer, an affiliate of Singerman Real Estate LLC, plans to renovate the property.

March 7, 2018

Healthcare Midwest Wisconsin

Froedtert, Medical College of Wisconsin, HSA PrimeCare Open Health Center Near Milwaukee

by Kristin Harlow March 1, 2018

OAK CREEK, WIS. — Froedtert Hospital & the Medical College of Wisconsin’s Drexel Town Square Health Center has opened in Oak Creek, about 12 miles south of Milwaukee. Developed by HSA PrimeCare, the health center spans 109,000 square feet and includes a 425-space parking garage. The property is home to family and pediatric medicine, obstetrics and gynecology, urgent care and specialty care. The facility also includes an outpatient surgery center, cancer center, pharmacy and lab services. Dual-access exam rooms and an oval-shaped shared workspace for hospital staff and doctors help cut down on wait times.

March 1, 2018

Industrial Midwest Wisconsin

CTDI Signs 166,620 SF Industrial Lease in Pleasant Prairie, Wisconsin

by Kristin Harlow February 27, 2018

PLEASANT PRAIRIE, WIS. — CTDI has signed a 166,620-square-foot industrial lease at Majestic Badger Logistics Center in Pleasant Prairie, about 37 miles south of Milwaukee. The global engineering, repair and logistics company will occupy the space within the 424,164-square-foot Building 1. Features of this building include a clear height of 36 feet, ESFR sprinkler system, large truck courtyard, 292 car parking spaces and office space. CTDI is the first tenant within the industrial park, which is owned by Majestic Realty Co. John Morrissey of Jackson Cross Partners represented CTDI in the lease transaction.

February 27, 2018

Midwest Office Wisconsin

Nordic Realty Partners Buys 10,430 SF Office Building in Mount Pleasant, Wisconsin

by Kristin Harlow February 23, 2018

MOUNT PLEASANT, WIS. — Nordic Realty Partners LLC has purchased a 10,430-square-foot office building in Mount Pleasant, about 25 miles south of Milwaukee. The sales price was not disclosed. The property, which includes surplus land of 3.1 acres, is located at 13303 Washington Ave. near I-94. Johnson Insurance currently occupies the building, but plans to relocate during 2018. CBRE represented the undisclosed seller in the transaction.

February 23, 2018

Midwest Office Wisconsin

Zenith Tech Signs 5,000 SF Office Lease in Milwaukee

by Kristin Harlow February 21, 2018

MILWAUKEE — Zenith Tech Inc. has signed a 5,000-square-foot office lease in Milwaukee. The Wisconsin-based concrete contractor will occupy the space at 2202 W. Clybourn St. Sal Strehlow of Colliers International brokered the lease transaction. The landlord was not disclosed.

February 21, 2018

Midwest Restaurant Retail Wisconsin

Panera Bread Signs 4,300 SF Lease in Manitowoc, Wisconsin

by Kristin Harlow February 20, 2018

MANITOWOC, WIS. — Panera Bread has signed a 4,300-square-foot lease in Manitowoc, about 40 miles southeast of Green Bay. The fast casual restaurant will occupy the space at 4626 Calumet St. Joe Kleiman and Dan Cohen of Mid-America Real Estate-Wisconsin LLC represented Panera in the lease transaction. The landlord was not disclosed.

February 20, 2018

Hospitality Loans Midwest Wisconsin

Dougherty Provides $8.8M Construction Loan for Hotel in Hudson, Wisconsin

by Kristin Harlow February 19, 2018

HUDSON, WIS. — Dougherty Funding has provided Express Hospitality LLC with an $8.8 million loan for the construction of a Holiday Inn Express hotel in Hudson, located in western Wisconsin along the Minnesota border. The 100-room hotel will be situated immediately adjacent to a new conference center that is currently under construction. The hotel and the independently owned conference center are slated to open in late summer 2018. Dougherty’s Minneapolis office provided the loan.

February 19, 2018

Industrial Midwest Wisconsin

Meridian Completes 48,200 SF Warehouse Expansion for GE Healthcare in Oak Creek, Wisconsin

by Kristin Harlow February 19, 2018

OAK CREEK, WIS. — Meridian Design Build has completed construction of a 48,200-square-foot warehouse expansion for GE Healthcare in Oak Creek, about 15 miles south of Milwaukee. The facility now totals 328,028 square feet. The project features LED lighting, six loading docks and two doors connecting the new space to the existing building. GE Healthcare uses the building as a repair operations center, and the expansion will be utilized to house spare and repaired parts for the company’s equipment. Construction began in late August 2017 and was completed in January. Harris Architects provided architectural services while Pinnacle Engineering completed civil engineering work. Exeter Property Group owns the building.

February 19, 2018

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