Manitowoc, Wis. — Axiom Realty has acquired Park Plaza, a 110,266-square-foot retail center located in Manitowoc. Time Equities sold the property, which was 71.7 percent leased at the time of sale. Hobby Lobby anchors the center. Other tenants at the property include Community First Credit Union, Family Dollar and Cricket Wireless. Erin Patton of Patton Wiles Fuller Group of Marcus & Millichap’s Institutional Property Advisors (IPA) brokered the transaction. Prior to closing, Axiom negotiated a 28,894-square-foot lease with a new tenant that will bring occupancy at the center to 97.9 percent.
