Oak Creek, Wis. — Stan Johnson Co. has facilitated the $5.9 million sale of The Shoppes at Drexel, a 10,351-square-foot retail strip center located at 160 West Town Square Way in Oak Creek. The property was fully leased at the time of sale to five tenants including Mod Pizza, Men’s Hair House, Five Guys, Crumbl Cookies and Potbelly. Ronnie Givargis of Stan Johnson represented the seller, a New York-based individual investor, in the disposition of the property to an investment group based in Cedar Rapids, Iowa. Both parties were involved in 1031 exchanges. The property is an outparcel to Drexel Town Square, an 85-acre mixed-use development featuring retail, medical and residential space.
Stan Johnson Co. Facilitates $5.9 Million Sale of Shoppes at Drexel in Oak Creek, Wisconsin