Real Estate
Stay informed on commercial real estate development, investment, and property news in the Milwaukee area.
Meijer buys site for Drexel Town Square store for $7 million
Grand Rapids, Mich.-based Meijer Inc. recently purchased the 17.5 acre site in the Drexel Town Square development in Oak Creek where it plans to build a 192,940-square-foot store. Meijer bought the site for $7 million from One West Drexel LLC, an affiliate of Wispark LLC. Proceeds of the land sale will be shared with the city of Oak Creek.
Elkhorn Aurora clinic under construction sold for $8.9 million
An affiliate of Chicago-based real estate investment management firm Harrison Street recently purchased a 30,000-square-foot medical office building that is under construction at 201 E. Morrissy Dr. in Elkhorn for Aurora Health Care, according to state records.
Walmart buys former Brown Deer Lowe’s store for $4 million
Bentonville, Ark.-based Walmart recently purchased the former Lowe’s store property at 6300 W. Brown Deer Road in Brown Deer for $4 million, according to state records. The property was sold by Wilkesboro, N.C.-based Lowe’s Home Center Inc.
BSI moves headquarters
Building Service Inc. has moved its corporate headquarters from Milwaukee to Waukesha.
State home sales dip in November
The number of homes sold in Wisconsin fell by 6 percent in November to 4,719, down from 5,020 in November of 2012, according to the latest Wisconsin Realtors Association report.
Lake Geneva shopping center sold for $10.35 million
A subsidiary of Oak Brook, Ill.-based The Inland Real Estate Group of Companies Inc. recently purchased a 55,530-square-foot, four-building shopping center on a 6.8-acre site in Lake Geneva for $10.35 million, according to state records.
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Baptista’s continues to expand in Franklin
Baptista's Bakery Inc. will expand into a 246,000-square-foot warehouse in Franklin.
Xymox acquires Milwaukee industrial building
Xymox Technologies Inc. recently purchased the 63,000-square-foot building that it occupies at 9099 W. Dean Road in the Bradley Woods Business Park in Milwaukee.
Corporation of the Year: Northwestern Mutual Life Insurance Co. Inc.
To John Schlifske, the new $450 million, 32-story, 1.1-million-square-foot office tower that Northwestern Mutual Life Insurance Co. Inc. plans to construct at its corporate headquarters campus in downtown Milwaukee is an architectural illustration of the company's growth.
Retail development boom coming to Brookfield and Wauwatosa
Several development projects will bring more than 1 million square feet of new retail space to Brookfield and Wauwatosa during the next couple of years.
