Wisconsin

Graves Hospitality Opens Renovated DoubleTree by Hilton Racine Harbourwalk in Wisconsin

by Amy Works September 30, 2016

RACINE, WIS. — Graves Hospitality and Hilton have opened DoubleTree by Hilton Racine Harbourwalk, located at 223 Gaslight Circle in Racine. The 121-room hotel recently underwent a one-year, multi-million-dollar renovation to transform the former independently branded hotel into a DoubleTree by Hilton. The hotel features the DoubleTree Sweet Dreams Sleep Experience, free WiFi, Third Coast Wood Fire Pizza & Pub, outdoor tiki bar, indoor pool and whirlpool, and 24-hour fitness and business centers. Additionally, the property offers 4,000 square feet of meeting, event and banquet facilitates. Graves Hospitality owns and manages the hotel.

September 30, 2016

Midwest Office Wisconsin

Colliers International | Wisconsin Facilitates Two Property Sales, One Lease in Wisconsin

by Amy Works September 28, 2016

WATERTOWN, BROOKFIELD AND DELAVAN, WIS. — Colliers International | Wisconsin has arranged two property sales and one lease in Wisconsin. In the first deal, FAB Leasing Co. acquired a building, located at 1701 Utah St. in Watertown, from an undisclosed seller for $320,000. Steve Sewart and Westin Kane of Colliers arranged the deal. In the second transaction, WLCFS leased 2,665 square feet of office space at 16535 W. Bluemound Road in Brookfield. Sal Strehlow, Matt Fahey, Ben Anderson and Lyle Landowski of Colliers brokered the transaction. In the third deal, Griego Sound Inventions purchased a building located at 1436 Mound Road in Delavan for $350,000. Jim Larkin and Joe Eldredge of Colliers arranged the transaction. The name of the seller was not released.

September 28, 2016

Midwest Multifamily Wisconsin

Altus Commercial Arranges $8.4M Sale of Lake Edge Apartments in Madison

by Haisten Willis September 27, 2016

MADISON, WIS. — Altus Commercial Real Estate Inc. has arranged the sale of Lake Edge Apartments, located at 4033 Monona Dr. in Madison. Altus represented the seller, Lou Reed, in the transaction. A private investor bought the property for $8.4 million. The newly constructed apartment building includes 42 units, 64 underground parking sites and a private pier on Lake Monona. Lake Edge Apartments features one-, two- and three-bedroom apartments.

September 27, 2016

California Florida Georgia Kansas Michigan Midwest Multifamily Southeast Student Housing Top Stories Virginia Washington Western Wisconsin

CA Ventures Delivers Eight Student Housing Communities for 2016/2017 School Year

by Haisten Willis September 21, 2016

CHICAGO — CA Student Living, the student housing investment and development division of Chicago-based CA Ventures, has completed eight student housing communities comprising nearly 4,000 beds across the U.S. Located in eight states, the properties are about 95 percent occupied and represent nearly 10 percent of the 47,700 off-campus student housing beds slated to deliver nationwide in 2016, according to the developer. Valued at more than $460 million, the new communities boost the size of CA Student Living’s portfolio to $1.5 billion. All offer fully furnished apartments with in-unit laundry and a 1:1 bed-to-bath ratio in most units. The newly delivered communities include: Uncommon Athens — Uncommon Athens is a five-story building located at 165 E. Dougherty St in Athens, Ga. It is within walking distance to both downtown Athens and the University of Georgia. The property’s 210 beds include a mix of one-, two- and four-bedroom floor plans, and the development contains 10,600 square feet of street-level retail space. Indoor amenities include a 24-hour fitness center, golf simulator, business center, study lounge, group meeting space, club room and coffee bar. Uncommon Charlottesville — Uncommon Charlottesville, a six-story building located at 1000 W. Main St. in Charlottesville, Va., is within …

September 21, 2016

Hospitality Midwest Wisconsin

Marcus Hotels to Add Villas to Grand Geneva Resort in Wisconsin

by John Nelson September 14, 2016

LAKE GENEVA, WIS. — Marcus Hotels & Resorts, a division of The Marcus Corp., plans to add 29 all-season villas to the Grand Geneva Resort & Spa in Lake Geneva. The resort features 355 guest rooms, as well as 225 suites at Timber Ridge Lodge & Waterpark. Villa guests will have access to all the amenities of the resort in addition to their own outdoor swimming pool during the summer and six fire pits. The villas will feature studio, one-, two- and three-bedroom floor plans with a kitchen, fireplace, flat screen TV and a washer and dryer. Half of the villas will be available beginning in March 2017, and the remaining units will be open by June 2017. The 1,300-acre Grand Geneva Resort features two championship golf courses, The Mountain Top ski and snowboard facility, horseback riding, three restaurants and 62,000 square feet of meeting and convention space.

September 14, 2016

Midwest Office Wisconsin

Colliers Brokers Lease, $16.8M Sale of 120,883 SF Office Campus in Wisconsin

by Amy Works September 9, 2016

OAK CREEK, WIS. — Colliers International has arranged the lease and sale of the former headquarters of Caterpillar’s Global Mining division located at 6744 S. Howell Ave. in Oak Creek. Master Lock Co. leased the two-building, 120,883-square-foot office campus under a long-term agreement. Master Lock will relocate from its current Oak Creek location in early 2017 after tenant improvements are completed at the property. Additionally, Bucyrus Wisconsin Property, a subsidiary of Caterpillar Inc., sold the property to W.P. Carey for $16.8 million. Tom Shepherd and Matthew Stauber of Colliers represented Caterpillar in the lease and sale of the campus.

September 9, 2016

Industrial Midwest Wisconsin

The Dickman Company Brokers 104,627 SF Industrial Lease in Milwaukee

by Amy Works September 9, 2016

MILWAUKEE — The Dickman Company/CORFAC International has arranged a lease between Northwest Holdings Corp. and Sellars Absorbent Materials Inc. at 7300 N. 60th St. in Milwaukee. Sellars Absorbent Materials will occupy 104,627 square feet of industrial/office space at the property. Samuel Dickman Jr., Samuel Dickman, Zach Noble and TJ Huenerbein of The Dickman Company brokered the lease.

September 9, 2016

Industrial Midwest Wisconsin

First Industrial Realty Leases 601,439 SF Development at First Park 94 in Wisconsin

by Amy Works September 6, 2016

VILLAGE OF SOMERS, WIS. — First Industrial Realty Trust has signed a long-term tenant for its first building at First Park 94, a 601,439-square-foot industrial facility located in Village of Somers. The cross-docked facility features 36-foot clear heights, 185-foot truck courts, ample trailer parking, extensive dock-high loading, skylighting and an ESFR sprinkler system. The name of the tenant was not disclosed. Additionally, First Industrial is breaking ground for the second building at the park. The second building will total approximately 600,000 square feet with expandability. Upon completion, First Park 94 will accommodate 4.6 million square feet of development, including build-to-suits ranging from 150,000 square feet to 2 million square feet. The site is accessible to Interstate 94 from three four-way interchanges and offers frontage along the Canadian Pacific Railway with potential rail access. Whit Heitman, Sam Badger and Brad Weiner of NAI Hiffman, Roger Siegel of Dickman Co. and Tony Haning of JLL assisted with the lease transaction.

September 6, 2016

Midwest Office Wisconsin

The Boulder Group Brokers $14M Sale of Building in Milwaukee Net Leased to US Bank

by Christina Cannon September 1, 2016

MILWAUKEE — The Boulder Group has brokered the sale of a 110,636-square-foot office building net leased to US Bank for $14 million. The property, located a 615 E. Michigan St. in Milwaukee, is connected via a sky-walk to US Bank regional headquarters building. A Midwest-based partnership in a 1031 exchange purchased the facility from Oak Street Real Estate Capital. US Bank’s lease expires in December 2026. Randy Blankstein and Jimmy Goodman of The Boulder Group represented both parties in the transaction.

September 1, 2016

Industrial Midwest Office Wisconsin

Scannell Properties Breaks Ground on 102,125 SF Industrial Facility Near Madison

by Christina Cannon August 29, 2016

SUN PRAIRIE, WIS. — Scannell Properties has broken ground on a 102,125-square-foot industrial and office facility for Kollege Town Sports in Sun Prairie, approximately 15 miles northwest of Madison. Kollege Town Sports is a division of Riddell, a designer and developer of athletic apparel and equipment. The building, situated on 13 acres, will support operations such as sales, production and warehousing. Kollege Town will transition to the new facility from its current location in Windsor in spring 2017. The project team includes Avison Young, real estate consultant and construction manager; Incentis Group, public incentives consultant; Scannell Properties, developer; Heitman Architects, architect; Sullivan designBUILD, general contractor; and Quam Engineering, civil engineer.

August 29, 2016

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