Wisconsin

Farbman Group Acquires Chase Tower in Milwaukee for $30.5M

by Christina Cannon July 5, 2016

MILWAUKEE — Farbman Group has acquired the 22-story Chase Tower in Milwaukee for $30.5 million. Situated on the corner of East Wisconsin Avenue and North Water Street, the Chase Tower includes 480,000 square feet of office space and a 746-space parking structure. Farbman plans to upgrade the first and second floors, which host the building’s amenities. Tenants at the office tower include JPMorgan Chase, Infinity Healthcare, WUWM Public Radio and law firm O’Neil, Cannon, Hollman, DeJong & Laing. Brookfield Real Estate Opportunity Fund was the seller.

July 5, 2016

Midwest Multifamily Seniors Housing Wisconsin

New Perspective to Open 133-Unit Seniors Housing Community in Wisconsin

by Christina Cannon June 22, 2016

BROWN DEER, WIS. — New Perspective Senior Living has nearly finished work on a 133-unit seniors housing community in the Milwaukee suburb of Brown Deer. The property is scheduled to open in early August. The 153,000-square-foot community will feature 87 independent and assisted living units and 46 memory care units. Founded in 1998, New Perspective Senior Living is a Minneapolis-based developer and operator with 14 communities in Minnesota, Wisconsin and Illinois.

June 22, 2016

Industrial Midwest Wisconsin

The Dickman Company Brokers Sale of 30,100 SF Industrial Property Near Milwaukee

by Christina Cannon June 16, 2016

ST. FRANCIS, WIS. — The Dickman Company Inc./CORFAC International has brokered the sale of a 30,100-square-foot industrial building in St. Francis, approximately six miles south of Milwaukee, for an undisclosed price. Price Avenue Partners LLC purchased the building, located at 4630 S. Brust Ave., from Airport I LLC. Samuel M. Dickman Jr., Samuel D. Dickman and Cale Berg of The Dickman Company brokered the transaction.

June 16, 2016

Midwest Office Wisconsin

Walker & Dunlop Arranges $11.6M Loan for Office Park in Madison, Wisconsin

by Christina Cannon June 14, 2016

MADISON, WIS. — Walker & Dunlop has arranged an $11.6 million loan for the acquisition of High Point Office Park in Madison. The 217,814-square-foot office park includes 11 buildings, which vary from one to three stories. Amenities in the office park include a fitness center, walking paths, a pond, gazebos and picnic areas. The 10-year, fixed-rate loan features a debt-service coverage ratio of 1.67. The borrower was a Chicago-based investment firm. Justin Nelson of Walker & Dunlop placed the financing with a Midwest-based correspondent life company.

June 14, 2016

Midwest Retail Wisconsin

The Barre Code Signs 2,300 SF Lease for Retail Space near Milwaukee

by Christina Cannon June 6, 2016

VERNON HILLS, WIS. — The Barre Code, a women’s fitness center, has signed a five-year, 2,300-square-foot lease for space at Hawthorn Center in Vernon Hills. Joe Padorr of Seneca Real Estate arranged the transaction for The Barre Code, which will be located at the northwest corner of Milwaukee Avenue and Townline Road. Hawthorn Center is a 55,000-square-foot former office building that has been converted into a mixed-use property. Other tenants at the property include Northwestern Medicine, Uncle Julio’s Mexican Restaurant and T-Mobile.

June 6, 2016

Midwest Wisconsin

Miron Construction Breaks Ground on $75M Science Building for University of Wisconsin-Stevens Point

by Christina Cannon June 1, 2016

STEVENS POINT, WIS. — Miron Construction Co. has broken ground on a $75 million science building for the University of Wisconsin-Stevens Point, located 100 miles west of Green Bay. The four-story, 176,500-square-foot chemistry building will include classrooms, lecture halls, research and teaching labs, faculty and staff offices and a tropical conservatory. The facility, which is slated for completion in 2018, is the first major freestanding building constructed on the campus since 1971. The building is designed to use 40 percent less energy and 26 percent less water compared with a conventional design through the utilization of large windows, highly efficient mechanical and electrical systems, bioswales and rain gardens. HOK and Potter Lawson are designing the building.

June 1, 2016

Hospitality Midwest Wisconsin

Embassy Suites by Hilton Opens 203-Room Hotel After $10M Renovation

by Christina Cannon May 31, 2016

BROOKFIELD, WIS. — Embassy Suites by Hilton has opened a 203-room hotel following a $10 million renovation. The Embassy Suites by Hilton Milwaukee Brookfield, formerly the Brookfield Suites Hotel and Convention Center, is located 13 miles west of downtown Milwaukee. Brookfield Hotel Limited Partnership owns the property, and Aimbridge Hospitality manages it. Amenities at the hotel include made-to-order breakfast, complimentary evening receptions, a restaurant and bar, more than 6,000 square feet of meeting space, an indoor pool with whirlpool and sauna, business center, convenience store and fitness center. The Embassy Suites by Hilton Milwaukee Brookfield is located at 1200 S. Moorland Ave.

May 31, 2016

Midwest Retail Wisconsin

Siegel-Gallagher Brokers Sale of 15,000 SF Retail Building in Milwaukee

by Christina Cannon May 26, 2016

MILWAUKEE — Siegel-Gallagher has brokered the sale of a 15,000-square-foot retail building in Milwaukee for an undisclosed price. KAOJI Properties LLC purchased the building from 11010 Hampton LLC. The single-tenant property was built in 1966 and is located at the corner of Hwy 100 and Hampton Avenue. Shaun Dempsey of Siegel-Gallagher brokered the transaction.

May 26, 2016

Market Reports Midwest Midwest Market Reports Retail Wisconsin

From Brews to J. Crew: Retailers Tap Revamped Milwaukee-Area Warehouses

by Christina Cannon May 26, 2016

In real estate, where some see an eyesore, others can sometimes find opportunity. Such was the case with The Mayfair Collection, a new regional shopping center in Wauwatosa, Wis., located approximately 10 miles west of downtown Milwaukee. Just a few years ago, the 69-acre site was filled with old, obsolete industrial buildings that were mostly unoccupied, but the City of Wauwatosa and our firm, Chicago-based HSA Commercial, shared the vision of transforming the vacant industrial park into a vibrant mixed-use community. The project initially involved adaptively repurposing 1 million square feet of warehouse space into a contemporary retail destination that has brought national retailers like Nordstrom Rack and Saks Fifth Avenue OFF 5TH to Wisconsin. The development also has helped launch new national brands such as J. Crew Mercantile and Off/Aisle by Kohl’s. The once-empty industrial structures are now completely transformed into lively shops and restaurants that are drawing customers from all over southeast Wisconsin. Phase I: Find the right mix What historically made the site attractive for industrial use — its highly accessible location, at the interchange with U.S. Highway 45 and Burleigh Street, less than five miles north of Interstate 94 — also made it ideal for retail, …

May 26, 2016

Midwest Office Wisconsin

Siegel-Gallagher Brokers 6,214 SF Office Lease in Milwaukee

by Christina Cannon May 25, 2016

MILWAUKEE — Siegel-Gallagher has arranged a 6,214-square-foot office lease in Milwaukee. kW Mission Critical Engineering will occupy space at the building located at 173 N. Broadway St. Marianne Burish of Siegel-Gallagher brokered the transaction. 173 Broadway LLC is the landlord.

May 25, 2016

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