Real Estate

Stamford, Conn.-based Five Mile Capital Partners LLC announced today that it has purchased the 30-story 411 East Wisconsin Building in downtown Milwaukee for $74.3 million. The building, the second largest office tower in downtown Milwaukee, was previously owned by NNN 411 East Wis 6 LLC, a tenants in common ownership group.

Greenfield-based Zimmerman Ventures LLC wants to build a stadium for professional baseball and soccer, plus a domed indoor multi-sports complex, in Oak Creek.

Milwaukee-based health care real estate investment trust Physicians Realty Trust, has closed on the acquisition of two medical buildings worth a combined $21.4 million.

Daniel Manesis, the owner of West Allis trucking firm Daniel Manesis Transpotation Inc., has purchased The Gobbler, a landmark Johnson Creek restaurant that has been closed for many years. Manesis plans to convert the building into a live music venue that will be called The Gobbler Theater.

Chick-fil-A, chain of chicken fast food restaurants, will open stand alone restaurants in Brookfield and Greendale.

Milwaukee-based Stainless Foundry & Engineering Inc., a manufacturer of stainless steel castings, plans to expand its operation at 5110 N. 35th St.

Racine-based InSinkErator's recent announcement that it plans to establish operations in Kenosha is yet another boost to the strong commercial real estate market in Kenosha County.

A 2,700-square-foot Panda Express restaurant is planned in the Drexel Town Square development in Oak Creek.

Locavore, a casual dining restaurant featuring dishes prepared with food products sourced from local purveyors, will open as part of the new hotel at Potawatomi Bingo Casino in Milwaukee later this year, the casino announced this week.

Hyvinkaa, Finland-based Konecranes has moved its Oak Creek offices and 105 employees to West Allis.