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Security Insurance & Financial Services Sells New Berlin Facility

La Salle Properties Management Acquires Office Building for $3.6M
September 22, 2017
La Salle Properties Management LLC acquired the office building at 2725 S. Moorland Rd. in New Berlin, WI from Security Insurance & Financial Services, Inc. for $3.55 million, or about $100 per square foot.

The three-story office building is 35,589 square feet and was delivered in 1987 as part of the Moorland Road Industrial Park, with access to Interstate 94. Major tenants include Top Floor Technologies and Coldwell Banker Homesale Realty, and building was 94 percent occupied at the time of the sale.

Tom Shepherd, Dan Wroblewski and Jennifer Huber of Colliers International represented the seller. Scott Pateros of Coldwell Banker Commercial McGuire Mears handled the deal for the buyer.

Please see CoStar COMPS #4001661 for more information on this transaction.
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