Home Industries Real Estate Bear Real Estate Group buys two Greenfield retail buildings for $9.2 million

Bear Real Estate Group buys two Greenfield retail buildings for $9.2 million

7800 W. Layton Ave. Image from Google Maps
7800 W. Layton Ave. Image from Google Maps

Two retail buildings in Greenfield have been sold for $9.2 million, according to state property records. An affiliate of Kenosha-based Bear Real Estate Group acquired the neighboring buildings at 7800 and 7900 W. Layton Ave. from New Berlin-based Frank Grainer Real Estate Development. The 6-acre property includes a multi-tenant retail strip with tenants that include

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Hunter covers commercial and residential real estate for BizTimes. He previously wrote for the Waukesha Freeman and Milwaukee Journal Sentinel. A graduate of UW-Milwaukee, with a degree in journalism and urban studies, he was news editor of the UWM Post. He has received awards from the Milwaukee Press Club and Wisconsin Newspaper Association. Hunter likes cooking, gardening and 2000s girly pop.
Two retail buildings in Greenfield have been sold for $9.2 million, according to state property records. An affiliate of Kenosha-based Bear Real Estate Group acquired the neighboring buildings at 7800 and 7900 W. Layton Ave. from New Berlin-based Frank Grainer Real Estate Development.

The 6-acre property includes a multi-tenant retail strip with tenants that include Panera Bread, Melt n Dip, The Brass Tap, Ogden Cleaners, and newly opened Mountain Mike’s Pizza. A separate single-tenant building on the site houses a La-Z-Boy Furniture store.

Bear Real Estate Group CEO S.R. Mills said Bear has no plans to make changes to the property at this time.

“We believe the retail complex is well-positioned in the market for continued success and are excited to include it in Bear’s portfolio,” Mills said in a statement.

The properties are located about a half mile east of the 84South development, which has a large retail component, and a little less than a mile north of Southridge Mall.

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