Real Estate

Brookfield-based investor Sherwood Manor VI LLC purchased a 22,500-square-foot medical office building at 13800 North Ave., Brookfield, from Wauwatosa-based commercial real estate firm Irgens for $7,613,069.

Downtown Milwaukee luxury gift retailer George Watts & Son Inc. announced that it will relocate its second floor showroom space to its first floor to accommodate room for a boutique law firm on the second floor.

Schlitz Park announced that it has added two more new tenants. Schools That Can Milwaukee has moved into a 4,000-square-foot space in the Keg House building and TEMPO Milwaukee plans to move into the RiverCenter building in October.
Schools That Can Milwaukee was previously located at 1821 N. Dr. Martin Luther King Dr.

The Opus Group began work this week for its Ivy on Fourteenth project at 1400 W. Wells St. near the Marquette University campus.

Sensing that the time is right to take advantage of an improving retail real estate market, Mid-America Real Estate-Wisconsin, one of the most prominent retail real estate brokerage firms in Milwaukee, is planning a significant expansion to its staff.

Trans-Coil International (TCI) will close its facilities in Milwaukee and Menomonee Falls and consolidate its operations in a new headquarters and manufacturing facility in the Germantown Industrial Park.

Oak Brook, Ill.-based Inland Real Estate Corp. has announced that its joint venture with Dutch pension fund advisor PGGM has acquired a portfolio of three Walmart-anchored shopping centers in the Milwaukee market for a total purchase price of $24.2 million, subject to future earn out payments.

A local nonprofit organization announced today it has acquired the Milwaukee Breakwater Lighthouse from the federal government and has plans to restore the 87-year-old structure and make it accessible to the public.

Now that the federal government has approved the Menominee Indian Tribe's plans to build an off-reservation casino on a 228-acre parcel at the former Dairyland Greyhound Park in Kenosha, the final say in the matter is up to Gov. Scott Walker.
Walker says there will be a 60-day comment gathering period, which will conclude in late October, about the Kenosha casino. Walker says he will only approve the project if it meets three criteria: "no new net gaming, community support, and consensus among the 11 sovereign nations (in Wisconsin)."

Carroll University will build a state-of-the-art science center in Waukesha for occupancy in fall 2016.