®

CoStar's People of Note (Nov. 15-21)
This week's People of Note includes the following markets: Hartford, Los Angeles, New York City and Westchester/South Connecticut. LOS ANGELES Lee Opens Long Beach Branch; Names Gill Pres. Lee & Associates officially opened its office in Long Beach...

Chicago Tube & Iron Buys Fond Du Lac Facility
Chicago Tube & Iron acquired the distribution facility at 1784 Fox Ridge Drive in Fond Du Lac, WI, from MSI General Corp. for $7.39 million, or $63 per square foot. The industrial building delivered in September in the Fox Ridge Business Park and totals...

CPM Buys 7 Acres in Madison for $1.8M
CPM Marketing Group acquired seven acres in Madison, WI, for future development. Emerson sold the vacant land for approximately $1.8 million, or about $260,000 per acre. The parcel is located in the Old Sauk Trail Office Park. The purchase was made...

Janesville Industrial Sells for $1.9M
Brandt Properties LLC acquired the industrial building at 4109 Capital Circle Drive in Janesville, WI, from Wilmar Corp. for $1.86 million, or $23 per square foot. The 79,500-square-foot industrial building was constructed in 1990. Lanair Products...

Milwaukee Apartment Portfolio Sells for $2.4M
Atlas of Wisconsin LLC sold the multifamily buildings at 5144-5148 N. 105th St. and 10305-10311 W. Villiard Ave. in Milwaukee to Berrada Properties Management Inc. for $2.42 million, or $37,300 per unit. The apartment complex at 5144-5148 N. 105th...

Milwaukee Auto Dealership Trades for $3M
Griffin Ford Inc. acquired the auto dealership at 5700 S. 27th St. in Milwaukee from Bob Tolkan Buick for $3.1 million, or $73 per square foot. The 42,383-square-foot retail building was constructed in 1973 on a 5-acre lot. It is now known as Griffin...

Racine Industrial Sells for $4.6M
Local developer WISPARK LLC acquired the industrial building at 2825 4 Mile Road in Racine, WI, from Warren Industries Inc. for $4.6 million, or about $20 per square foot. The 235,392-square-foot manufacturing building is in the Racine East Industrial...

Lease Up/Lease Down (Nov. 15-21): Bioscience, Cleantech Sectors Spur Job Growth
News of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers has been consolidated into Lease Up/Lease Down. Look to Lease Up/Lease Down every week for valuable information that can be used as a source...

Towne Investments Acquires Office Bldg. for Actuant HQ
Towne Investments, a Milwaukee-based investment and development firm, acquired the two-story industrial building at N85W12545 Westbrook Crossing in Menomonee Falls, WI, from Bemis Manufacturing Co. for $7.9 million, or about $45 per square foot. The...

Friction Stir Link Leases 34,448 SF in Brookfield
Friction Stir Link, a welding company, leased 34,448 square feet at 19775 W. Sommers Drive in Brookfield, WI. The 55,521-square-foot warehouse building is in the Brookfield/New Berlin Industrial submarket. Friction joins co-tenant BFG Supply at...