Wisconsin

Podolsky Circle Arranges $2.7M Sale of 31,638 SF Office Building in Racine, Wisconsin

by Kristin Harlow April 26, 2018

RACINE, WIS. — Podolsky Circle CORFAC International has arranged the $2.7 million sale of a 31,638-square-foot office building in Racine, about 30 miles south of Milwaukee. Built in 2002, the two-story property is located at 5439 Durand Ave., across from Regency Mall. Multiple tenants occupy the building, including Associated Bank, Advanced Medical Imaging, CleanSlate Medical Group of Wisconsin and Habush, Habush & Rottier. The buyer, Gateway Investment Partners, plans to upgrade the common areas, restrooms, parking lot, signage and landscaping. Alissa Adler, John Homsher and Paul Tesdal of Podolsky Circle represented the seller, Spirit Lake Acquisition II LLC.

April 26, 2018

Development Midwest Office Wisconsin

Morgan/Harbour to Open New Office in Kenosha, Wisconsin

by Kristin Harlow April 26, 2018

KENOSHA, WIS. — Morgan/Harbour Construction is expanding operations and opening an office in Kenosha. This will be the third office and first outside of Illinois for the general contractor. Slated to open in May, the office is located at 6905 Green Bay Road. The new location will house both permanent staff as well as provide work stations for those traveling from other offices. Morgan/Harbour currently maintains an office in downtown Chicago and its headquarters in Willowbrook, Ill.

April 26, 2018

Acquisitions Hospitality Midwest Wisconsin

HREC Arranges Sale of 105-Room Hotel in Appleton, Wisconsin

by Kristin Harlow April 18, 2018

APPLETON, WIS. — HREC Investment Advisors has arranged the sale of the 105-room Country Inn & Suites in Appleton for an undisclosed price. The hotel is located along U.S. Highway 41, which encircles the city and connects Appleton with Green Bay to the north and Milwaukee to the south. Scott Kaniewski of HREC represented the seller, a Midwest-based investment company. Duluth, Minnesota-based IGO Legacy Hotel Group LLC purchased the asset.

April 18, 2018

Acquisitions Healthcare Midwest Wisconsin

American Healthcare, Griffin Capital Acquire Medical Office Building Near Madison, Wisconsin for $19.5M

by Kristin Harlow April 16, 2018

PRAIRIE DU SAC, WIS. — American Healthcare Investors and Griffin Capital Co. LLC, the co-sponsors of Griffin-American Healthcare REIT IV Inc., have acquired the Sauk Prairie medical office building in Prairie du Sac near Madison for $19.5 million. Built in 2014, the 55,000-square-foot building is currently fully leased to multiple healthcare service providers. Sauk Prairie Healthcare occupies 59 percent of the property, which is connected to the 36-bed Sauk Prairie Hospital. Chris Bodnar and Lee Asher of CBRE represented the seller, Sauk Prairie MOB LLC. As of this acquisition, the REIT has purchased a portfolio of 43 medical office buildings, seniors housing facilities and skilled nursing facilities for an aggregate contract purchase price of approximately $508 million.

April 16, 2018

Loans Midwest Retail Wisconsin

Alliant Provides $10.3M Refinancing for Retail Center in Oshkosh, Wisconsin

by Kristin Harlow April 12, 2018

OSHKOSH, WIS. — Alliant Credit Union has provided a $10.3 million loan for the refinancing of the Shops at Market Fair in Oshkosh. The 89,698-square-foot retail center, located at 1508-1550 S. Koeller St., is fully leased to tenants such as Ulta and Wisconsin Vision. Mark Ebersold of NorthMarq Capital arranged the 10-year loan, which features a 25-year amortization schedule. East Capitol Realty LLC was the borrower.

April 12, 2018

Acquisitions Industrial Midwest Wisconsin

Dickman/CORFAC International Brokers Sale of 187,000 SF Industrial Building in Sturtevant, Wisconsin

by Kristin Harlow April 10, 2018

STURTEVANT, WIS. — The Dickman Company Inc./CORFAC International has brokered the sale of a 187,000-square-foot industrial building in Sturtevant, about 28 miles south of Milwaukee. The sales price was not disclosed. The property is located at 2620 90th St. Gallo Business Center Investments LLC purchased the building from 90th Street Industrial LLC. Samuel M. Dickman Jr., Samuel D. Dickman and Zach Noble of Dickman brokered the transaction.

April 10, 2018

Acquisitions Industrial Midwest Wisconsin

Dickman/CORFAC International Brokers Sale of 49,802 SF Industrial Building in Milwaukee

by Kristin Harlow April 6, 2018

MILWAUKEE — The Dickman Company Inc./CORFAC International has brokered the sale of a 49,802-square-foot industrial building in Milwaukee for an undisclosed price. The property is located at 8220 W. Sleske Court. Roger Siegel of Dickman represented the seller, Mortara Instrument LLC. Jeff Hoffman of Cushman & Wakefield/Boerke represented the buyer, HMLJ Industries LLC.

April 6, 2018

Development Midwest Retail Wisconsin

CBL Properties Unveils Redevelopment Plans for Former Sears Building in Suburban Milwaukee

by Kristin Harlow April 4, 2018

MILWAUKEE — CBL Properties has unveiled plans for the redevelopment of the former Sears building at Brookfield Square in Brookfield, a suburb of Milwaukee. The first phase of the redevelopment calls for new dining and entertainment options that will include WhirlyBall and BistroPlex from Marcus Theatres. Construction is expected to begin this month with planning underway for additional phases of redevelopment. WhirlyBall will include indoor entertainment paired with a chef-inspired menu and rotating craft beers and seasonal cocktails. The two-story venue will feature two WhirlyBall courts, eight bowling lanes, a four-lane VIP bowling suite and a multi-level LaserTag arena. BistroPlex will feature in-theater dining with recliner seating and a full-service bar and lounge area.

April 4, 2018

Acquisitions Industrial Midwest Wisconsin

Cushman & Wakefield | Boerke Arranges Sale of 35,266 SF Industrial Building Near Milwaukee

by Kristin Harlow March 30, 2018

WEST ALLIS, WIS. — Cushman & Wakefield | Boerke has arranged the sale of the Atlas Pipe Threading Co. building in West Allis, six miles west of Milwaukee. The sales price was not disclosed. The 35,266-square-foot industrial property is located at 11133 W. Rogers St. Dave Ferron and Kristian Sydow of Cushman & Wakefield | Boerke brokered the sale on behalf of the buyer, Composite Drivelines LLC, and the seller, Atlas Pipe Threading Co., a pipe supplier that closed its business over a year ago.

March 30, 2018

Acquisitions Midwest Retail Wisconsin

Newport Acquires Retail Center in Brookfield, Wisconsin for $17.9M

by Kristin Harlow March 28, 2018

BROOKFIELD, WIS. — Newport Capital Partners has acquired The Plaza in Brookfield, a suburb of Milwaukee, for $17.9 million. The 108,000-square-foot retail center is situated on 11 acres. The property is 99 percent leased by 22 tenants, including CVS Pharmacy, Guitar Center, Stan’s Fit for Your Feet and Hooters. Rick Drogosz of Mid-America Real Estate Corp. represented the seller, IRC Retail Centers, in the transaction.

March 28, 2018

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