WAUWATOSA, WIS. — A joint real estate fund formed by Innovative Capital Advisors (ICA) and HSA Commercial Real Estate has closed on the acquisition of the 114,000-square-foot Wauwatosa Business Plaza. The industrial building is located at 3031 N. 114 St. in Wauwatosa, seven miles west of Milwaukee. Terms of the acquisition were not disclosed. The industrial plaza shares a lighted intersection with The Mayfair Collection, a 270,000-square-foot retail shopping center. The plaza is currently 50 percent occupied by warehousing tenants including a Habitat for Humanity ReStore donation center and resale shop. ICA and HSA do not have any immediate redevelopment plans for the property. James Barry, Kevin Barry and David Barry of DTZ Barry represented the undisclosed seller in the transaction.
Wauwatosa Business Plaza shares a lighted intersection with The Mayfair Collection, a 270,000-square-foot retail shopping center.
Joint Real Estate Fund Acquires 114,000 SF Warehouse Building in Wauwatosa, Wis.
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