Wisconsin

The Boulder Group Arranges $3.3 Million Sale of Piggly Wiggly Property in Watertown, Wisconsin

by Julia Sanders May 25, 2021

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.

May 25, 2021

Investment sales News Wisconsin

Boulder Group Arranges $7 Million Sale of Grocery Property in Metro Green Bay

by Julia Sanders April 9, 2021

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.

April 9, 2021

Investment sales News Wisconsin

Colliers Arranges $23.5 Million Sale of Whole Foods-Occupied Property in Milwaukee

by Katie Sloan February 11, 2021

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.

February 11, 2021

Investment sales News Retailers Wisconsin

Marcus & Millichap Arranges $6.5 Million Sale of Retail Center in Brookfield, Wisconsin

by Alex Tostado January 7, 2021

Brookfield, Wis. — Marcus & Millichap has arranged the $6.5 million sale of a Pick ’n Save-anchored retail center in Brookfield, a suburb of Milwaukee. The 70,235-square-foot property, located at 17295 W. Capitol Drive, was fully leased at the time of sale. Other tenants include Club Pilates, Domino’s, CBD Store, Choice Dry Cleaning and Sola Salons. Jeff Rowlett of Marcus & Millichap marketed the property on behalf of the seller, a developer. The Rowlett Group procured the buyer, a California-based limited liability company.

January 7, 2021

Company news News Wisconsin

Outlook Management Group Partners with Local Businesses to Donate Meals to Families in Need in Milwaukee

by Alex Tostado December 14, 2020

Milwaukee — Outlook Management Group LLC’s president Ray Balfanz has partnered with Hunger Task Force of Milwaukee and other local small businesses to donate food to Milwaukee residents in need. Balfanz created the CollectionConnection to raise money for meals. The six-week fundraiser will end Dec. 31. As of Dec. 11, $2,225 had been raised, which means meals plus one holiday meal for 20 families for one week have been donated through the program. Balfanz is teaming with Wisconsin-based companies such as Pinnacle Construction, LLJ Ventures and Wisconsin Mall Properties. Balfanz says …

December 14, 2020

California Company news News Retailers Wisconsin

Sephora to Open 850 Locations Within Kohl’s Stores by 2023

by Alex Tostado December 1, 2020

Menomonee Falls, Wis. and San Francisco — Sephora will debut at least 850 “Sephora at Kohl’s” locations within Kohl’s stores by 2023, the San Francisco-based cosmetic company announced. The locations will span 2,500 square feet and will typically be situated near the front of each Kohl’s. Sephora at Kohl’s shops will replace Kohl’s current in-store beauty assortment. Exterior signage at locations that feature the in-store shops will display both Kohl’s and Sephora branding. These locations will be selected based on existing Sephora store proximity, market opportunity and customer insights. Menomonee …

December 1, 2020

Georgia Indiana Investment sales Missouri New York News Ohio Retailers Virginia Wisconsin

Gorjian Acquisitions Sells 500,000-Square-Foot Midwest Retail Portfolio for $25 Million

by Alex Tostado July 29, 2020

Great Neck, N.Y. — Gorjian Acquisitions has sold eight retail and mixed-use properties totaling more than 500,000 square feet for $25 million. The portfolio includes the following Midwest properties: Saint Clairsville Plaza in Saint Clairsville, Ohio; Bradley Square in Milwaukee; Cabool Center in Cabool, Mo.; a single-tenant Dunkin’ property in Gary, Ind.; and Lafayette Center in Indianapolis. The portfolio also includes a mixed-use building in Brooklyn, N.Y.; a single-tenant Family Dollar property in Danville, Va.; and Oglethorpe Plaza in Albany, Ga. Gorjian Acquisitions, based in Great Neck, N.Y., is led …

July 29, 2020

Investment sales News Retailers Wisconsin

Stan Johnson Co. Brokers $6 Million Sale of Walgreens-Occupied Property in Metro Milwaukee

by Alex Tostado July 21, 2020

Brookfield, Wis. — Stan Johnson Co. has brokered the sale of a 13,905-square-foot property occupied by Walgreens in Brookfield near Milwaukee. The single-tenant building sits on 2.4 acres at 15650 W. Greenfield Ave. and features a drive-thru. Walgreens has occupied this property for more than 20 years and recently extended its lease for another eight years. Mark Lovering and BJ Feller of Stan Johnson represented the seller, a Waukesha, Wis.-based developer. A Chicago-based buyer purchased the asset for $6 million.

July 21, 2020

Development News Retailers Wisconsin

Target to Open at Former Boston Store Space in Milwaukee’s Bayshore Development

by Alex Tostado July 6, 2020

Milwaukee — Target has unveiled plans to open a 128,512-square-foot, two-story store at Bayshore in Milwaukee. The retailer will occupy the space within a former Boston Store. Construction is now underway, but the opening date has not yet been determined. Mid-America Real Estate – Wisconsin LLC represented both Target and Bayshore ownership in the lease transaction. Bayshore is an open-air shopping center that features a variety of retail shops, restaurants, offices and multifamily units. Cypress Equities is the owner.

July 6, 2020

Features Retailers SCBlog Wisconsin

Reimagined Milwaukee Retail Scene Meets Consumer Lifestyle Needs

by Alex Tostado June 17, 2020

By Ray Balfanz, Outlook Management Group What does Milwaukee bring to mind? Beer? Cheese? TV’s “Happy Days”? Perhaps the city chosen as the site for the 2020 Democratic National Convention? Yes, that’s us — being recognized and happy about it. But since I began penning this piece in March, we’ve experienced a world of change in the realities of group gatherings: We can hardly have 10 people in a group now, let alone thousands of delegates filling our new Fiserv Forum. It’s anybody’s guess how long the multi-trillion-dollar brick-and-mortar retail …

June 17, 2020

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