Real Estate
Stay informed on commercial real estate development, investment, and property news in the Milwaukee area.
Hendricks buys northwest side industrial building for $3.95 million
Hendricks Commercial Properties, an affiliate of Beloit-based Hendricks Holding Co. Inc., recently purchased a 68,675-square-foot industrial building at 11200 W. Heather Ave. on the far northwest side of Milwaukee for $3.95 million, or about $57.51 per square foot.
Whole Foods plans to open new store in suburbs
Whole Foods plans to open a second store in the Milwaukee area and is considering sites in Brookfield and Wauwatosa, according to commercial real estate sources.
IBS opens Waukesha office
International Business Systems, a Swedish enterprise resource planning and supply chain software company, has opened an office in Waukesha.
Aldi to expand Oak Creek distribution center
Aldi will add more than 100,000 square feet to its Oak Creek distribution center at 9342 S. 13th St.
The Couture might include hall for MSO
The Milwaukee Symphony Orchestra is in early stages of considering plans to move its performances to a concert hall that could be built for the MSO in The Couture, the 44-story residential and hotel tower planned by Barrett Visionary Development near the lakefront.
BizTimes Real Estate Weekly: Mandel Group to break ground on Whitefish Bay project
Milwaukee-based Mandel Group Inc. will hold a groundbreaking ceremony to celebrate the start of construction for its $28 million Beaumont Place project, an 83-unit, three-building apartment development that will be built in Whitefish Bay.
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Brookfield office building sold for $1 million
David Zanon, the owner of Wauwatosa-based Nu-Art Dental Laboratory Inc., recently purchased a vacant 30,000-square-foot office building at 160 Bishops Way in Brookfield for $999,000, according to state records.
Indoor sports complex planned in Glendale
An investors group consisting of developer Joshua Jeffers, the owner of J. Jeffers & Co., Shelley Lamoreaux of the North Shore Arsenal Soccer Club and John Lamoreaux, the owner of Ticket King, plan to purchase a 25,000-square-foot building at 2920 W. Vera Ave. in Glendale, which they will convert into an indoor sports complex called Inbounds Training.
Bank acquires Clarke Hotel in sheriff’s sale
Sheboygan-based Community Bank & Trust recently acquired the Clarke Hotel, located at 314 W. Main St. in downtown Waukesha in a sheriff’s sale. The transaction was recorded on Thursday, May 9, according to state records.
Metro area home sales up 2.3% in April
Home sales in the four-county metro Milwaukee area were up 2.3 percent, to 1,576, in April compared to April of 2012, according to the latest report from the Greater Milwaukee Realtors Association (GMAR).