Greenfield, Wis. — Mid-America Real Estate Group has negotiated the $9.3 million sale of 84South Small Shops in Greenfield, a southern suburb of Milwaukee. Built in 2018, the 17,805-square-foot retail center is located along Layton Avenue. Tenants at the time of sale included Men’s Hair House, Hand & Stone Massage and Facial Spa, MOD Pizza, FedEx Office and Café Zupas. Dan Rosenfeld of Mid-America Real Estate Wisconsin LLC represented the seller, Cobalt Partners. E&K Land LLC was the buyer.
Greenfield, Wis. — Mid-America Real Estate Group has arranged the $9.4 million sale of 84South Small Shops, a 17,805-square-foot retail center located at 8775-8871 W. Sura Lane in Greenfield. Built in 2018, 84South Small Shops includes tenants such as Men’s Hair House, Hand & Stone Massage and Facial Spa, MOD Pizza, FedEx Office and Cafe Zupas. Dan Rosenfeld of Mid-America Real Estate represented the undisclosed seller.
Racine, Wis. — Matthews Real Estate Investment Services has brokered the $10.7 million sale of a Home Depot-occupied retail property in Racine, about 24 miles south of Milwaukee. The asset is located at 2429 S. Green Bay Road near High Ridge Shopping Center. Rob Goldberg and Ben Snyder of Matthews represented the seller, a national private investor. An unnamed REIT was the buyer.
Middleton, Wis. — Marcus & Millichap has arranged the $3.1 million sale of Cornerstone Mall in Middleton, a northwest suburb of Madison. The 18,733-square-foot retail property is located at 2831 Parmenter St. and was 92 percent leased at the time of sale to tenants such as Hurts Donut Co. and Jet’s Pizza. Austin Weisenbeck, Sean Sharko and Marc Sitzer of Marcus & Millichap represented the seller, a limited liability company. The buyer was undisclosed.
Milwaukee — Stan Johnson Co. has arranged the $2.4 million sale of a 3,500-square-foot retail property net leased to Sherwin-Williams in Milwaukee. The building is located at 1216 S. 1st St. and was constructed in 2018. Blaise Bennett of Stan Johnson represented the seller, a Wisconsin-based developer. A Texas-based private equity group was the buyer. The sales price represents a cap rate of 5.1 percent, a new record for a Sherwin-Williams property in the Midwest, according to Stan Johnson.
Menasha, Wis. — Matthews Real Estate Investment Services has brokered the $5.1 million sale of a two-tenant retail property in Menasha, just south of Appleton. Located at 1151 E. Midway Road, the property is home to Piggly Wiggly and Dollar Tree. Edward DeSimone, Josh Bishop and Maxx Bauman of Matthews brokered the 1031 tax-deferred exchange transaction. The undisclosed buyer exchanged out of a four-property Dollar General portfolio.
Kenosha, Wis. — Institutional Property Advisors (IPA) has brokered the sale of Southport Plaza and Indian Trail Plaza in Kenosha for $43.5 million. A Florida-based private buyer purchased the two adjacent shopping centers, which total 407,367 square feet. Anchored by Kohl’s, Fresh Thyme and Hobby Lobby, the centers were 92 percent occupied at the time of sale. Craig Fuller, Scott Wiles, Erin Patton and Jared Shapiro of IPA represented the seller, a Chicago-based private equity firm. The team also represented the buyer, which secured permanent financing from an undisclosed bank …
Wauwatosa, Wis. — JLL Capital Markets has arranged the sale of a 69,749-square-foot shopping center anchored by Pick ’n Save in Wauwatosa near Milwaukee for $19 million. The fully leased property was built in phases in 2008 and 2012. Tenants at the center include Mattress Firm, Firehouse Subs and Bubon Orthodontics. Clinton Mitchell, Amy Sands, Michael Nieder and Jaime Fink of JLL represented the seller, a partnership between Newport Capital Partners and Artemis. JRW Realty represented the buyer, ExchangeRight.
Green Bay, Wis. — Colliers International has brokered the $18.6 million sale of Bayside Marketplace, a 229,572-square-foot shopping center located at 2763-2817 S Oneida St. in Green Bay. The property is anchored by Fresh Thyme and leased to a total of 13 tenants. Additional tenants include Joann Fabrics, Dunham’s Sports, Xperience Fitness, Dollar Tree and OfficeMax, which is located in a standalone building on an outparcel. The center is located east of the Interstate 41 and Highway 172 interchange. Adam Connor and Mark Pucci of Colliers | Wisconsin and El …
Monroe, Wis. — Marcus & Millichap has arranged the sale of a 61,136-square-foot property occupied by Pick ’n Save in Monroe, about 40 miles south of Madison. The net-leased asset sold for $9.6 million. Pick ’n Save recently signed a 10-year lease extension, expiring at the end of 2030. Jeff Rowlett of Marcus & Millichap represented the seller, a private investor, as well as the buyer, a REIT.
