Deal of the Week

Kohler PetSmart building sold
A&L Properties, a group of California investors, purchased the 21,890-sqauare-foot PetSmart building at 4013-19 Highway 28, Kohler, from Wisconsin Pets LLC for $3.4 million. The building is located on an outlot of the Deer Trace Plaza shopping center along I-43 that is anchored by Home Depot, Target, Best Buy and T.J. Maxx. PetSmart occupies about 90 percent of the building. A Cost Cutters salon occupies a portion of the building and one small tenant space is vacant. The deal was brokered by Marcus & Millichap brokers Eric Rapp, who represented the buyer, and Evan Halkias, who represented the seller. "That (shopping center) is doing great and has very little vacancy," Rapp said.