Neighborhood meeting planned for proposed Brown Deer Road Walmart
Walmart announced Tuesday that it plans to convert the former Lowe’s store at 6300 W. Brown Deer Road, Brown Deer, into a Walmart supercenter store. The plans for the Walmart store were first reported by BizTimes Milwaukee. A neighborhood meeting on the plans will be held at 6 p.m. on Monday, May 13, at Brown Deer Middle School, 5757 W. Dean Road. Last year Walmart closed its store at 8700 N. Servite Dr., Milwaukee, located southwest of Brown Deer Road and North 76th Street near the former Northridge Mall. Walmart said it was replacing that store with a new store that it opened in Timmerman Plaza at 10330 W. Silver Spring Dr., Milwaukee, six miles to the southwest of the near Brown Deer Road. The Timmerman Plaza store is a supercenter store with a grocery department, which the store near Brown Deer Road did not have. Presumably the new Walmart store at the former Lowe’s site will have a grocery department, since all new Walmart stores include grocery departments.
AnchorBank acquires site near Park East clorridor
AnchorBank acquired a vacant 1.3-acre site at 1339 N. Milwaukee St., near the Park East corridor in downtown Milwaukee, from Brookfield-based Big Bend Development Co. in a deed in lieu of foreclosure action, according to state records. The value of the property under the deal is considered $1.45 million. Prior to the Great Recession Big Bend Development planned to build an eight-story, 56-unit condominium project at the site located at the corner of North Milwaukee Street and East Ogden Avenue. The site was formerly occupied by Milwaukee Center for Independence, which moved to another location the building was demolished.
Bank Mutual acquires Sheboygan strip mall
Brown Deer-based Bank Mutual acquired the 55,525-square-foot South Town Shopping Center at 3321 S. Business Dr. in Sheboygan from Waukesha-based Shevegas LLC in a deed in lieu of foreclosure transaction, according to state records. The value of the property under the deal is considered $3.325 million. Shevegas bought the strip mall in 2008 for $3.85 million.
WELS sells its building
The Wisconsin Evangelical Lutheran Synod recently sold its office building at 2929 N. Mayfair Road, Wauwatosa, for $2 million to Madison-based Huachen Enterprises LLC. The deal closed Monday, May 6, according to state records.
Waukesha apartment complex sold for $6.75 million
The 72-unit Kendal Glen apartment complex at 2010 S. East Ave., Waukesha, was sold for $6.75 million. The deal closed Monday, May 6, according to state records. Glens of Waukesha LLC, with a registered agent of Ralph Gorenstein of Milwaukee-based Bell Property Management, purchased the complex from Kendal Glen LLC, with a registered agent of Kenneth Miller of Waukesha-based Kendal Group Ltd., according to state records.
Quad/Graphics exec buys condo in The Moderne
Thomas Garland, the president of packaging for Sussex-based Quad/Graphics recently purchased a condo at The Moderne in downtown Milwaukee for $1.06 million. The deal was recorded on Monday, May 6, according to state records. It is the third condo sale that has been closed at The Moderne, a 30-story residential high rise built by Barrett Visionary Development at 1141 N. Old World Third St. Garland purchased unit 2801 in the building, which has a total of 14 condos and 203 apartments.
