A Denver-based real estate investment firm purchased shopping centers in Glendale and Milwaukee for a total of $2.8 million.
Baceline Investments LLC has purchased Point Plaza, a 13,840-square-foot shopping center at 8333 W. Appleton Ave for $900,000 and Glendale Square at 6801-6817 N. Green Bay Ave. in Glendale for $1.9 million.
Point Plaza was sold by R&D Point Plaza LLC. It is assessed for $729,000.
Glendale Square was sold by Buckmann, LLC. It is assess for $1.8 million.
Combined, the properties are 86 percent occupied.
“Baceline is excited to bring two high-quality Milwaukee-based retail shopping centers into our High Yield Income Fund portfolio,” David Puchi, Baceline’s managing partner said in a written statement. “Both are located in high-traffic corridors in densely populated communities and have a history of attracting strong tenant.”
