Wisconsin

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 …

Watertown, Wis. — The Boulder Group has arranged the $3.3 million sale of a single-tenant property net leased to Piggly Wiggly at 1330 Memorial Drive in Watertown. The 27,000-square-foot building is situated less than 2.5 miles from downtown Watertown and 50 miles from Milwaukee and Madison. The Piggly Wiggly lease expires on Dec. 31, 2029, and features three 5-year renewal options. Jimmy Goodman and John Feeney of The Boulder Group represented the seller, a Wisconsin-based individual, in the transaction. The buyer was an undisclosed Wisconsin-based investor.

Appleton, Wis. — The Boulder Group has arranged the sale of a 54,340-square-foot, single-tenant property net leased to Pick ’n Save in Appleton for $7 million. Randy Blankstein and John Feeney of Boulder represented the buyer, a Midwest-based real estate investor.

Milwaukee — The Wisconsin investment services team of Colliers International has arranged the sale of a Whole Foods Market-occupied property in Milwaukee for $23.5 million. The sales price represents a cap rate of 5.5 percent. Located at 2305 N. Prospect Ave., the 53,875-square-foot store is part of the commercial space at Prospect Medical Commons. Adam Connor of Colliers represented the seller, a Seattle-based private investor. California-based ExchangeRight Real Estate LLC purchased the asset as part of a 1031 exchange.