Deals of the Week

West Bend building sold for $1.75 million, Germantown sold for $970,000, Winter Services buys Waukesha building for HQ, West Bend property sold for $614,500 for senior living development

West Bend building sold for $1.75 million
Heartland Woodcraft Inc. recently purchased the 104,000-square-foot former Milliken Millwork Inc. building at 529 N. River Road, West Bend, for $1.75 million, or about $16.83 a square foot.
David Buckley and Kevin Barry of Cassidy Turley Barry represented Milliken Millwork and Brian Parrish of The Dickman Co. represented Heartland Woodcraft in brokering the deal.
The building has been vacant since the Milliken Millwork operation closed last year. Heartland Woodcraft will move to the building from its existing location at 133 Oak St., West Bend.
“It’s not bigger but it’s more efficient (than Heartland Woodcraft’s current building),” Parrish said. “Milliken left the building in great condition. They are in similar industries, so it’s somewhat of a turn-key for Heartland.”
“The transaction is a sign of how active the Washington County submarket has been over the past two months,” Buckley said. “By year end, we expect more than 425,000 square feet of industrial space to be absorbed in West Bend.”

Northwestern Extract buys Germantown building for $970,000, will move there from Brookfield
Northwestern Extract Co., a manufacturer of flavorings and extracts for the premium food and beverage industry, recently purchased a 25,000-square-foot industrial building at W194 N11250 McCormick Dr. in Germantown from Pendergast Real Estate LLC for $970,000, or $38.80 per square foot.
The company will move its operations to the Germantown building from its current location in a 13,000-square-foot building at 3590 N. 126th St. in Brookfield.
Jim Young of Cassidy Turley Barry brokered the sale for Northwestern Extract. Young worked for about 2 years to find a suitable location for the company.

Winter Services buys Waukesha building, will move HQ there
Winter Services Inc., a commercial snow removal and de-icing firm, recently purchased a 14,000-square-foot building on a 2.65-acre property at 1505 Arcadian Ave., Waukesha, from the Albert Kropp Revocable Trust, for $880,000, or about $62.86 per square foot.
Adam Matson and Barry Chavin of NAI MLG Commercial represented Winter Services and Brian Parrish of The Dickman Company Inc. represented Albert Kropp Revocable Trust in brokering the sale.
Winter Services plans to initially re-locate its Brookfield operations to the building and use it as a west side district office, said president and owner Fritz Frazier. Next spring the company plans to move its headquarters from 6663 N. 40th St., Milwaukee, to the Waukesha building, he said. The company will maintain the Milwaukee building as a district office.
Winter Services Inc. was recently named one of the Metropolitan Milwaukee Association of Commerce’s (MMAC) Future 50 award winners.
“They are a company that’s thriving right now,” said Parrish.

West Bend property sold for $614,500 for senior living development
Lighthouse Acquisition Group LLC recently purchased a 7.68-acre parcel of land near the northwest corner of Continental Drive and Corporate Center Drive in West Bend from Beverly West Bend Acquisition LLC for $614,500, or about $80,000 per acre. Adam Williquette and Barry Chavin of NAI MLG Commercial represented Beverly West Bend and David Buckley of Cassidy Turley Barry represented Lighthouse Acquisition Group in brokering the sale. Lighthouse Acquisition plans to build a $20 million, 150-unit senior living facility on the property. The facility will be operated by Edina, Minn.-based New Perspectives Senior Living.

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