GREEN BAY, WIS. — The Boulder Group has completed the sale of a newly constructed single-tenant building occupied by Dollar Tree at 1940 Main St. in Green Bay for $1.6 million. Dollar Tree is leasing the 10,000-square-foot property for 10 years with three five-year renewal options. The seller was a Midwest-based real estate development company and the buyer was a Midwest-based real estate investment firm. Randy Blankstein and John Feeney of The Boulder Group represented both parties in the transaction.
Wisconsin
BROOKFIELD, WIS. — The Corners of Brookfield, a 750,000-square-foot lifestyle center under development in suburban Milwaukee, has added Anthony Vince’ Nail to its tenant roster. The full-service nail salon, which also offers facials and body waxing, is the fifth first-to-Wisconsin tenant to lease space at the lifestyle center. The 3,425-square-foot salon and spa will cater to all ages with premium services for adults, including an array of manicure and pedicure offerings, relaxation massages, facials and more. The grand opening of The Corners of Brookfield is slated for spring 2017. Confirmed retailers include Anthropologie, L.L.Bean, Von Maur and others. Located at I-94 and Barker Road in the town of Brookfield, The Corners of Brookfield is a development undertaken by Brookfield Corners LLC, an affiliate of IM Properties and Bradford Real Estate. When complete, the development will be comprised of 400,000-square-feet of retail and restaurant space anchored by a 140,000-square-foot Von Maur Department Store and a 30,000-square-foot Sendik’s Food Market. The complex will also include 244 luxury apartment homes and parking for more than 1,700 cars.
The Dickman Company/CORFAC Brokers Acquisition of 11,560 SF Industrial Property in Oak Creek, Wisconsin
by Amy Works
OAK CREEK, WIS. — The Dickman Company/CORFAC International has facilitated the acquisition of an industrial building located at 9000-9100 S. Nicholson Road in Oak Creek. Revived Industries acquired the 11,560-square-foot building from Associated Bank NA for an undisclosed sum. Cale Berg of The Dickman Company represented the buyer, while Tim Dwyer of Ogden Real Estate represented the seller in the deal.
Cohen Financial Secures $9.4M Acquisition Loan for 75,000 SF Retail Center in Bellevue, Wisconsin
by Amy Works
BELLEVUE, WIS. — Cohen Financial has secured $9.4 million in acquisition financing for Bellevue Town Center, a retail center located in Bellevue near Green Bay. Dan Rosenberg and Matt Terpstra of Cohen arranged fixed-rate, 10-year loan for the borrower, Midland Atlantic Properties. The 75,000-square-foot retail center is anchored by a Pick ’n Save grocery store.
APPLETON, WIS. — Colliers International has brokered the sale of Concord Town Center, a multi-tenant retail center located at W31921 County Road KK in Appleton. Oasis Family Holding acquired the property from River Valley One for $4.5 million, or $185 per square foot. At the time of sale, the 24,287-square-foot property was 100 percent occupied. Mark Pucci of Colliers International | Wisconsin represented the seller in the transaction.
Ascendant Holdings, Central Properties to Develop Lifestyle Hotel in Madison, Wisconsin
by Amy Works
MADISON, WIS. — Ascendant Holdings and Central Properties are developing a lifestyle hotel at 118 and 122 State St. in downtown Madison. The companies have tapped Portland, Ore.-based Provenance Hotels to manage the property. Slated to open in 2018, the hotel will feature a ground-floor food and beverage operation, meeting spaces and a rooftop lounge.
BROOKFIELD, WIS. — Brookfield Corners LLC has topped off Dempsey Place and Garrison Court, two apartment buildings that are part of The Corners, a $220 million mixed-use lifestyle redevelopment project on West Bluemound Road in Brookfield. With a combined total of 244 apartment homes, the buildings are situated above 400,000 square feet of shopping and dining space. The properties offer a mix of studio, one-bedroom, two-bedroom and two-bedroom/den layouts, as well as fitness rooms, social rooms, a movie screening room and outdoor terrace with fire pit. Initial occupancy of the apartments is slated for mid-2017, and the retail portion of The Corners is scheduled to open in spring 2017. Mandel Property Services is the residential leasing and management company for The Corners.
OSHKOSH, WIS. — Friedman Integrated Real Estate Solutions has arranged the sale of Oshkosh Center, a shopping center located at 1935-1989 S. Koeller St. in Oshkosh. Alpha Opportunity Fund I sold the property to 1935 South Koeller Street at auction through Ten-X.com for an undisclosed price. The 47,000-square-foot property is occupied by Petco and Dalton Carpet Outlet. Rich Deptula and Victor Lewis of Friedman represented the seller and buyer in the transaction.
The Dickman Company/CORFAC Arranges Sale of Industrial Building in Oconomowoc, Wisconsin
by Amy Works
OCONOMOWOC, WIS. — The Dickman Company/CORFAC International has brokered the sale of an industrial building located at 940 Blue Ribbon Circle North in Oconomowoc. Ohkool Investments acquired the 30,000-square-foot property from PF – Commerce Unit I LLC for an undisclosed sum. Samuel Dickman, Zach Noble and Anthony Huenerbein of The Dickman Company brokered the transaction.
STREAM Capital Partners Brokers $8M Sale-Leaseback of Industrial Portfolio in Wisconsin, Indiana
by Amy Works
KENOSHA, WIS., AND WARSAW, IND. — STREAM Capital Partners has arranged the sale-leaseback of a three-building portfolio of more than 151,000 square feet of industrial space in Kenosha and Warsaw. The properties are located at 3724 N. State Road and 486E 350N in Warsaw and 5307 95th Ave. in Kenosha. Tecomet sold the portfolio to an undisclosed REIT for $8 million. The seller then leased back three of properties as a long-term triple-net lease with periodic rent increases and multiple options for renewal from the new owner. Jonathan Wolfe and Jordan Shtulman of STREAM represented the seller in the transaction.