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Special Announcement: CoStar Power Broker Award Winners Named in Milwaukee
The top-performing commercial real estate firms and brokers in Milwaukee in 2017 were recognized as winners of the annual CoStar Power Broker Awards. Now in its 17th year, the awards recognize those who perform at the highest levels in commercial real...

GMX Real Estate Sells The Shoppes at Drexel
GMX Real Estate, a boutique real estate investor based in Northbrook, IL, sold the 10,351-square-foot Shoppes at Drexel at 160 W. Town Square Way in Oak Creek, WI. A private New York investor acquired the center for $5.2 million, or approximately...

Cru Real Estate Picks Up 129-Room Quality Inn
Cru Real Estate Group acquired the 129-room Quality Inn at 20150 W. Bluemound Rd. in Brookfield, WI. The Costa Mesa, CA-based hotel investment firm acquired the hotel from a private investor for $4.3 million, or about $33,000 per room. The 100,000...

The Pallet Builder Inks 40,000-SF Lease in Delavan
The Pallet Builders Inc., an Indiana-based lumber cutting and pallet-manufacturing company, signed 40,000-square-foot lease in a warehouse located at 1615 Grebby St. in Delavan, WI. The 120,000-square-foot building was built in 1993, but was renovated...

Community Warehouse Leases 52,000-SF Industrial Bldg. in Northwest Milwaukee
Community Warehouse, a non-profit home improvement store, signed a 51,700-square-foot lease at the facility located at 4837 W. Woolworth Ave in Milwaukee. The locally-headquartered company will be the sole tenant in the building upon move-in this month...

Phoenix Investors Acquires J.C. Penney Distribution Center for $31.3M
Phoenix Investors LLC, a Milwaukee investor that specializes in revitalizing former distribution facilities, acquired J.C. Penney’s (NYSE: JCP) Distribution Center in Wauwatosa, WI for $31.25 million, or about $15 per square foot. In addition to serving...

Griffin-American Healthcare REIT IV Closes On Two-Property Senior Care Portfolio for $22.6M
Griffin-American Healthcare REIT IV, an investment trust co-sponsored by American Healthcare Investors and Griffin Capital Co., purchased a two-property senior care portfolio in the Milwaukee/Madison market for $22.6 million, or about $89,000 per bed...

Camping World Leases Former 21,000-SF Gander Mountain Bldg. in Sheboygan
CWI, Inc. (NYSE: CWH), a national Outdoor and Camping retailer doing business as Camping World, leased the entire 21,000-square-foot retail building formerly used as a Gander Mountain location at 4224 Gander Rd. in Sheboygan, WI. Camping World, which...

MLG Capital Raises $56 Million for its Third Fund
Grafton Commons- Grafton, WI (Metro Milwaukee) MLG Capital is currently raising money for its third fund, MLG Private Fund III LLC, a $150 million equity fund. The MLG Private Fund III is a continuation of the series of MLG private funds. The funds...

JLL Hires Young to Lead Industrial Team in Milwaukee
James Young has joined JLL’s Milwaukee office as a senior vice president. In his new role, Young will lead the industrial team, where he will be responsible for business development and growing the JLL industrial presence in the Milwaukee area. Prior...

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