Real Estate

Ontario, Calif.-based Niagara Bottling LLC plans to build a $56 million, 377,000-square-foot facility in Pleasant Prairie, Kenosha area economic development officials announced.

An affiliate of Tarrytown, N.Y.-based DLC Management Corp. purchased the Midtown Center shopping center in Milwaukee for $47.15 million, according to state records.

Milwaukee-based The Bartolotta Restaurants plans to open three restaurants at the Mayfair Collection development in Wauwatosa, under a partnership with Phoenix Development Partners.

Wisconsin International Academy Inc. recently purchased the 127-room Days Inn hotel at 11811 W. Bluemound Road in Wauwatosa for $2.656 million, according to state records.

The region’s retail real estate market had a rough start to the year with negative absorption of 272,363 square feet of space in the first quarter as the vacancy rate rose from 7.7 percent in the fourth quarter of 2013 to 8.32 percent, according to the latest report from Xceligent and the Commercial Association of Realtors Wisconsin.

The southeastern Wisconsin industrial real estate market continues to post impressive results and absorbed 712,400 square feet of space in the first quarter, the 16th consecutive quarter of positive absorption for the market, according to the latest report from Xceligent and the Commercial Association of Realtors Wisconsin.

After years of stagnation the Milwaukee area office real estate market is finally showing signs of improvement. The metro area’s office market had 132,223 square feet of positive absorption in the first quarter as the region’s vacancy rate fell from 20.4 percent in the fourth quarter of 2013 to 19.6 percent, according to the latest market report from Xceligent and the Commercial Association of Realtors Wisconsin.

The 3,000-square-foot branch that Green Bay-based Associated Bank plans to build at 1301 N. Dr. Martin Luther King Jr. Dr. in downtown Milwaukee will include a public park at the northwest corner of King Drive and McKinley Avenue, south of the bank.

Minneapolis-based Ryan Companies U.S. Inc. recently purchased a 5.2-acre vacant site in Delafield where it plans to build a medical office building, according to state records.

Sheboygan-based Rockline Industries, one of the world's largest private-label manufacturers of consumer wet wipes and coffee filters, has announced that it has acquired a 240,000-square-foot facility on a 30-acre site in Russellville, Ark. to continue its expansion plans.