Wisconsin

Staples Expands Distribution Operations in Beloit, Wisconsin

by Kristin Harlow February 16, 2017

BELOIT, WIS. — Staples has leased 136,000 square feet of industrial space at 1 Reynolds Drive in Beloit in southern Wisconsin. The company plans to relocate its larger bulk items to the new space, freeing up much-needed space at its distribution center in the Gateway Business Park also in Beloit. Staples will join TreeHouse Foods Inc., Axium Foods and Serta Mattress Co. at the 422,700-square-foot building. Only 18,000 square feet remain vacant and available for lease. Bill Mears of Coldwell Banker Commercial McGuire Mears & Associates is the listing broker for the property. Mears represented the landlord, Todd Kaiser, in the transaction. Chase Brieman of CBRE represented Staples.

February 16, 2017

Loans Midwest Multifamily Wisconsin

Walker & Dunlop Negotiates $11.7M Loan for Refinancing of Multifamily Property Portfolio Near Milwaukee

by Kristin Harlow February 10, 2017

MILWAUKEE — Walker & Dunlop Inc. has negotiated an $11.7 million loan for the refinancing of the Supreme Apartment Portfolio, a six-property portfolio located in Wisconsin. Constructed between 1988 and 1993, the properties consist of 340 garden-style units. The properties include: Greenfield Park in Greenfield, Parkway South in Milwaukee, River Park in Oconomowoc and Orchard Park, Central Park and Parkway Central in West Allis. Matt Ewig, Jeff Robbins and Luke Erlandson of Walker & Dunlop originated the loan with a life insurance company for the borrower, Supreme Builders.

February 10, 2017

Industrial Midwest Wisconsin

Kleen Test Products Signs 20,000 SF Industrial Lease in Milwaukee

by Kristin Harlow February 10, 2017

MILWAUKEE — Kleen Test Products Corp. has signed a 20,000-square-foot industrial lease at 5200 W. Clinton Ave. in Milwaukee. The landlord was TJW Plant3 LLC. TJ Huenerbein, Nick Keys, Samuel D. Dickman and Samuel M. Dickman Jr. of the Dickman Co. Inc./CORFAC International brokered the transaction. Kleen Test Products manufactures wet wipes, dryer sheets, liquids, pads, lotions, soaps and confectionery products.

February 10, 2017

Affordable Housing Loans Midwest Multifamily Wisconsin

Associated Bank Arranges $10M Construction Financing for Affordable Housing Project in New London, Wisconsin

by Kristin Harlow February 3, 2017

NEW LONDON, WIS. — Associated Bank has arranged $10 million in financing for the construction of Beacon Avenue Cottages, an affordable housing project in New London, about 25 miles northeast of Appleton. The property will consist of 40 apartment units in five cottage-style buildings at 580 Freemont St. The property will include a mix of two- and three-bedroom units, each with its own entrance and garage. Amenities will include a clubhouse, fitness center and laundry room. Completion is slated for spring 2018. Commonwealth Development Corp. is developing the project. Associated Bank provided a $4.7 million construction loan. In addition to the loan, $4.9 million was obtained in low-income housing tax credit equity and $510,000 was funded through an Affordable Housing Program grant. Bryan Schreiter of Associated Bank originated the loan, while Michael McGovern of Associated Bank managed the equity investment through a National Equity Fund Inc. proprietary fund.

February 3, 2017

Midwest Office Wisconsin

Zilber, MMM Real Estate Purchase Development Sites at Business Park in Pleasant Prairie, Wisconsin

by Kristin Harlow February 2, 2017

PLEASANT PRAIRIE, WIS. — Zilber Property Group and MMM Real Estate LLC have purchased development sites in Lakeview Corporate Park near Kenosha. The sales prices were not disclosed. Zilber purchased a 22.8-acre site at the corner of 108th Avenue and Green Bay Road. Zach Graham, Ryan Bain and Tom Harmon of CBRE represented the seller, Nitto Americas Inc. MMM purchased a 12.2-acre site on 88th Avenue. Graham, Bain and Harmon represented MMM, while Sam Badger and Whit Heitman of CBRE represented the seller, CenterPoint Properties. Lakeview Corporate Park is a 2,400-acre business park with a mix of retail, office and industrial space.

February 2, 2017

Healthcare Midwest Office Wisconsin

Hammes Unveils Plans for Headquarters in Downtown Milwaukee

by Kristin Harlow February 1, 2017

MILWAUKEE — Brookfield, Wis.-based Hammes Co. has unveiled plans to move its headquarters to downtown Milwaukee in early 2018. Hammes will occupy the top two floors of a five-story office building the company is developing in the Park East corridor. The development is located at North Water and East Knapp streets. The first phase of construction will cost approximately $27 million, according to Milwaukee Business Journal. A second phase would add an additional office building.

February 1, 2017

Industrial Midwest Wisconsin

Dickman Co./CORFAC Arranges Sale of 8,700 SF Industrial Building in Pewaukee, Wisconsin

by Kristin Harlow January 31, 2017

PEWAUKEE, WIS. — The Dickman Co. Inc./CORFAC International has arranged the sale of an 8,700-square-foot industrial building in Pewaukee, north of Waukesha. The building is located on Joseph Road. Samuel M. Dickman Jr., Samuel D. Dickman and Nick Keys of the Dickman Co. represented the undisclosed seller. Chris Etmanczyk of Lee & Associates represented the buyer, Joseph Road LLC.

January 31, 2017

Industrial Midwest Wisconsin

Dickman Co./CORFAC Negotiates Sale of 28,050 SF Industrial Building in Milwaukee

by Kristin Harlow January 24, 2017

MILWAUKEE — The Dickman Co. Inc./CORFAC International has negotiated the sale of a 28,050-square-foot industrial building in Milwaukee. The facility is located at 7528 N. Teutonia Ave. Olympic Supply Co., a distributor of bicycle parts and accessories, purchased the building from Delores Kramer Trust. Nick Keys, Roger Siegel and Zach Hansen of the Dickman Co. brokered the transaction.

January 24, 2017

Industrial Midwest Wisconsin

Altapure Signs 3,300 SF Industrial Lease in Mequon, Wisconsin

by Kristin Harlow January 19, 2017

MEQUON, WIS. — Altapure has signed a 3,300-square-foot industrial lease in Mequon, about 20 miles northwest of Milwaukee. Altapure will occupy Suite K in the 30,300-square-foot building located at 6040 W. Executive Drive. Based in South Bend, Ind., Altapure manufactures disinfection products. Steve Sewart of Colliers International represented the tenant in the transaction.

January 19, 2017

Industrial Midwest Wisconsin

Like Minds Brewing Signs 3,800 SF Industrial Lease in Germantown, Wisconsin

by Kristin Harlow January 18, 2017

GERMANTOWN, WIS. — Like Minds Brewing LLC has signed a 3,800-square-foot industrial lease in Germantown, about 23 miles northwest of Milwaukee. The 50,000-square-foot building is located on Maple Avenue. Jim Young of The Barry Co. represented the landlord, West Florist Avenue LLC. TJ Huenerbein of the Dickman Co. Inc. represented the tenant. Like Minds Brewing operates locations in Chicago and Milwaukee.

January 18, 2017

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