Three-story, 85,612-square-foot office building on Executive Drive sold.
Chicago-based The Endeavor Companies LLC purchased Executive Center IV, a three-story, 85,612-square-foot office building at 235 N. Executive Dr., Brookfield, from Brookfield-based VK Development LLC for $5.8 million.
The sale was brokered by Tom Shepherd of Inland Companies. The building’s occupancy rate is about 91 percent, Shepherd said. Tenants in the building include the Wisconsin Institute of Certified Public Accounts; Winter, Kloman, Moter & Repp S.C.; GAB Robbins NA Inc.; Voit & Hamilton LLC, Wachovia Dealer Services and M&I Support Services Co.
The Endeavor Companies will retain Inland Companies for the leasing and management of the building.
The Endeavor Companies specializes in acquiring, financing and investing in a wide range of real estate assets.
“We’re very pleased to add this asset to our portfolio,” said Tom Bretz, managing director of real estate for Endeavor Companies. “Our objective is to acquire value-add properties priced between $5 million and $30 million in the Chicago, Milwaukee and Madison areas. Executive Center IV fits in perfectly with this goal.”
