WEST ALLIS, WIS. — Five Below has signed a 9,586-square-foot retail lease at West Allis Towne Centre in West Allis, six miles west of Milwaukee. The shopping center is located at 6768 W. Greenfield Ave. Tony Colvin and Dan Cohen of Mid-America Real Estate-Wisconsin LLC represented the tenant in the lease transaction.
JANESVILLE, WIS. — Upper Lakes Foods has entered into a 100,063-square-foot industrial lease in Janesville, about 40 miles south of Madison. The distributor of fine food products will occupy the space located at 4298 Capital Circle. Bill Langhoff of Colliers International brokered the lease transaction.
MILWAUKEE — North Wells Capital, the investment management affiliate of Urban Innovations Ltd., has acquired a 428,652-square-foot mixed-use property in downtown Milwaukee for $25 million. The building is located at 331 W. Wisconsin Ave. in the Westown neighborhood. The building is home to Boston Store and its corporate offices, The Bon-Ton Stores Inc. and Boston Lofts apartments. The iconic building was constructed in the late 1800s. Boston Store, a department store, has occupied the building for nearly 100 years, with 123,434 square feet of retail space on the first and second floors. Bon-Ton’s corporate headquarters occupy 170,358 square feet on the third through fifth floors. Boston Lofts consists of 74 apartment units spanning 134,860 square feet on the top floors. Patrick Gallagher of CBRE represented the seller, WISPARK LLC. Urban Innovations will provide property management services for the building. The Mandel Group will continue to manage the Boston Lofts.
WALWORTH, WIS. — Marcus & Millichap has arranged the sale of a retail property net leased to Burger King in Walworth southern Wisconsin for $1.1 million. The 3,140-square-foot building is located at 106 State Road 67. Burger King fully remodeled the property last year and signed a new 20-year lease. Nathan Coe and Dan Yozwiak of Marcus & Millichap marketed the property on behalf of the seller, a developer. Todd Lindblom of Marcus & Millichap also assisted in the sale transaction.
MILWAUKEE — Dakonte Products Group Inc. has signed an 8,734-square-foot industrial lease in Milwaukee. The manufacturer of vinyl products will occupy the space at 6615 West Mill Road. GFG Chicago Industrial ML LLC owns the building. Samuel M. Dickman Jr., Samuel D. Dickman, Zach Hansen and TJ Huenerbein of the Dickman Co. Inc. brokered the transaction.
HARTLAND, WIS. — Heritage Senior Living has opened a new 125,000-square-foot senior living community in Hartland, about 25 miles west of Milwaukee. Heritage Lake Country is located at 2975 Village Square Drive. The community includes 45 independent living apartments, 16 assisted living apartments, 27 enhanced assisted living apartments and 36 memory care suites. Amenities include three dining rooms, a library, movie theater, fitness center, therapy pool and barber shop. Heritage Lake Country also features a multi-sensory “Snoezelen Room” to help ease anxiety for residents with Alzheimer’s and dementia, by using light, music, touch and scent to initiate sensory stimulations in the brain.
WAUKESHA, WIS. — Kirby Built Products has signed a 116,176-square-foot industrial lease in Waukesha. The furniture maker will occupy the space at 901 Northview Road. Waukesha Northview LLC is the landlord of the building. Roger Siegel and TJ Huenerbein of the Dickman Co. Inc. brokered the transaction.
STURTEVANT, WIS. — The Dickman Co. Inc./CORFAC International has brokered the sale of a 14,800-square-foot industrial building in Sturtevant, about 30 miles south of Milwaukee. The building is located at 3012-3014 S. Sylvania Ave. Robert A. Gleason purchased the property from Wayne and Mardell Fuller Trust. Cale Berg, Zach Noble, Samuel M. Dickman Jr. and Samuel D. Dickman of the Dickman Co. brokered the transaction.
MELVILLE, N.Y. — A&G Realty Partners will handle the sale of 58 MC Sports leases in seven states across the Midwest following the retailer’s Chapter 11 bankruptcy filing. The locations range in size from 11,000 to 46,000 square feet. The stores are located in Iowa, Illinois, Indiana, Michigan, Missouri, Ohio and Wisconsin. Bids are due no later than the close of business on Friday, April 7. MC Sports filed for Chapter 11 bankruptcy protection on Feb. 14 in the U.S. Bankruptcy Court, Western District of Michigan, Grand Rapids. A joint venture between Tiger Capital Group and Great American Group is currently conducting the going-out-of-business sale.
JANESVILLE, WIS. — Coldwell Banker Commercial McGuire Mears & Associates has arranged the sale of a 10,164-square-foot industrial building in Janesville in southern Wisconsin. The sales price was not disclosed. The former PPG building is located at 461 W. Conde St. PPG Industries Inc. vacated the premises in June 2016 after shutting down its Janesville operations. Milwaukee-based Aerial Work Platforms, which sells, leases and services scissor lifts and booms used in the construction industry, purchased the building. Aerial Work Platforms will be relocating from a 5,000-square-foot location on McCormick Drive in Janesville. Bill Mears of Coldwell Banker represented both the buyer and the seller in the transaction.