A joint real estate fund formed by commercial mortgage lending specialists Innovative Capital Advisors (ICA) and Chicago-based HSA Commercial Real Estate, recently purchased the 92,000-square-foot Plaza 173 shopping center located at the northwest corner of Bluemound Road and Calhoun Road in Brookfield.
The shopping center, which was sold at auction, is partially occupied by Dunham’s Sports, Men’s Wearhouse, Famous Footwear, and Kessler Jewelers.
“Plaza 173 has been under-utilized for years, but our team is in the process of creating an exciting redevelopment and leasing strategy that will allow us to capitalize on the tremendous location and market co-tenancy that this property has to offer,” said Tim Blum, executive vice president with HSA Commercial.
