Wisconsin

Chase Tower Parking Garage Undergoes $5M Renovation in Milwaukee

by Kristin Harlow February 28, 2017

MILWAUKEE — The Chase Tower parking garage, located at 525 N. Water St. in downtown Milwaukee, has undergone renovations in excess of $5 million and is now under the management of Secure Parking USA. The Farbman Group, based in Southfield, Mich., owns the garage, which consists of 738 parking spaces and covered walkways that connect it to The Shoppes of Grand Avenue, Marriott Residence Inn, Riverside Theater and a number of eateries. As part of the revitalization, the parking garage received structural upgrades; a brand new parking access system; new and improved lighting; as well as new signage, including updated A frames, direction signs, entrance signs and exterior signs. Directly connected to the parking garage, Chase Tower is currently undergoing renovations as well. The common areas on the first and second floor will include all new seating areas.

February 28, 2017

Industrial Midwest Wisconsin

Dickman Co./CORFAC Brokers Sale of 56,077 SF Industrial Building in Milwaukee

by Kristin Harlow February 28, 2017

MILWAUKEE — The Dickman Co. Inc./CORFAC International has brokered the sale of a 56,077-square-foot industrial building in Milwaukee. The sales price was not disclosed. The building is located at 7630-7664 North 81st St. Ryan 3 Industrial Properties LLC purchased the building from Chili Pepper Properties LLC. Samuel M. Dickman Jr., Samuel D. Dickman and Zach Noble of the Dickman Co. represented both the buyer and seller in the transaction.

February 28, 2017

Midwest Multifamily Wisconsin

MBH Arranges $3.4M Sale of Apartment Property in Manitowoc, Wisconsin

by Kristin Harlow February 24, 2017

MANITOWOC, WIS. — MBH Investment Real Estate LLC has arranged the sale of Meadowbrook Apartments in Manitowoc, in eastern Wisconsin, for $3.4 million. The 94-unit apartment property is located at 1704 Meadowbrook Drive. The complex features seven two-story buildings consisting of one- and two-bedroom units. The property was constructed in the late 1970s. Amenities include patios, a picnic pavilion, storage units and 40 garage parking spaces. The property was approximately 85 percent occupied at the time of sale. A private partnership of TW Meadowbrook LLC and CD Meadowbrook LLC purchased the property. Matson Holbrook of MBH brokered the transaction on behalf of the seller, Doneff Asset Co. LLC.

February 24, 2017

Industrial Loans Midwest Wisconsin

Grandbridge Arranges $4.7M Refinancing for Industrial Property Near Milwaukee

by Kristin Harlow February 22, 2017

NEW BERLIN, WIS. — Grandbridge Real Estate Capital has arranged a $4.7 million loan for the refinancing of an industrial property in New Berlin near Milwaukee. The building consists of 80,720 square feet and sits on approximately seven acres. The 15-year, fixed-rate loan includes a 15-year amortization schedule. An insurance company provided the capital.

February 22, 2017

Industrial Midwest Wisconsin

Dickman Co./CORFAC Brokers Sale of 11,400 SF Industrial Building in Milwaukee

by Kristin Harlow February 21, 2017

MILWAUKEE — The Dickman Co. Inc./CORFAC International has brokered the sale of an 11,400-square-foot industrial building in Milwaukee. The building is located at 2330 W. Clyburn Ave. The buyers, Evan Hughes and William P. McQuillan, purchased the building from 6211 Church Road Property LP. TJ Huenerbein of the Dickman Co. represented the buyers.

February 21, 2017

Midwest Office Wisconsin

Wireless Vision Signs 3,125 SF Office Lease in Milwaukee

by Kristin Harlow February 21, 2017

MILWAUKEE — Wireless Vision LLC has signed a 3,125-square-foot office lease in Milwaukee. The T-Mobile retailer will be located at 905 S. Cesar Chavez Drive. Sean Osborne of Colliers International brokered the lease transaction.

February 21, 2017

Industrial Midwest Wisconsin

Unique Delivery Service Signs 27,000 SF Industrial Lease in Milwaukee

by Kristin Harlow February 20, 2017

MILWAUKEE — Unique Delivery Service Inc. has signed a 27,000-square-foot industrial lease in Milwaukee. The courier service company will occupy the building located at 4122 S. 13th St. Jonas Family Limited Partnership was the landlord. TJ Huenerbein and Cale Berg of the Dickman Co. Inc. brokered the lease transaction.

February 20, 2017

Hospitality Midwest Wisconsin

DoubleTree Reopens After $3.5M Renovation in Pleasant Prairie, Wisconsin

by Kristin Harlow February 17, 2017

PLEASANT PRAIRIE, WIS. — DoubleTree by Hilton Pleasant Prairie Kenosha has reopened after undergoing a $3.5 million renovation. The hotel is located at 11800 108th St. in Pleasant Prairie. The conversion and renovation of the 120-room hotel includes upgrades to the guest rooms, meeting spaces and public spaces, including the lobby, business center, fitness center and pool area. The hotel also includes an on-site restaurant and bar, The Chancery Bar & Grill. Business meetings and events accommodating up to 500 attendees can be held in the hotel’s 5,500 square feet of meeting and banquet facility space. The property is owned by Varin Realty LLC and managed by First Hospitality Group Inc.

February 17, 2017

Industrial Midwest 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

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