Home Industries Real Estate Featured Deal: Midtown Center sells for $22.1 million

Featured Deal: Midtown Center sells for $22.1 million

By
Cara Spoto
-

Midtown Center on Milwaukee’s northwest side sold in May for $22.1 million. The former owner of the shopping center – an affiliate of New York-based DLC Management Corp. – sold the 26.2-acre property, which includes several retail buildings, to Atlanta-based Laureate Capital LLC, according to state records. The properties sold are located at 4100-4190 N.

Already a subscriber? Log in

To continue reading this article ...

Subscribe to BizTimes today and get immediate access to our Insider-only content and much more.

Learn More and Subscribe Now
  • Critical Milwaukee and Southeastern Wisconsin business news and analysis updated daily.
  • 16 issues per year delivered in print or digitally
  • Unlimited access to all insider only content on our website, on any device.
  • Free email alerts.
  • Extra bonus issues (STUFF and Giving Guide)
  • Discounted in-person event registration

Click here to purchase a sharable paywall bypass link for this subscriber-only article.

Cara Spoto
Cara Spoto, former BizTimes Milwaukee reporter.

RELATED ARTICLES

Copyright ©2024 BizTimes Media, LLC. All Rights Reserved.

Midtown Center on Milwaukee’s northwest side sold in May for $22.1 million.

The former owner of the shopping center – an affiliate of New York-based DLC Management Corp. – sold the 26.2-acre property, which includes several retail buildings, to Atlanta-based Laureate Capital LLC, according to state records.

The properties sold are located at 4100-4190 N. 56th St., 4101-4191 N. 56th St., 5704-5712 W. Capitol Drive, and 4076 N. 60th St., and have a combined assessed value of $22.8 million, according to county records.

Tenants include Pick ‘n Save, Planet Fitness, Foot Locker, GameStop, Subway, U.S. Cellular, Pizza Hut and Firestone.

The deal did not include the 15.2-acre former Walmart store site at 5825 W. Hope Ave., which closed in 2016. It sold last year to an Iowa-based self-storage company for $3.28 million.

Price: $22.1 million

Location: 4100-4190 N. 56th St., 4101-4191 N. 56th St., 5704-5712 W. Capitol Drive, 4076 N. 60th St., Milwaukee

Seller: DLC Management Corp. affiliate

Buyer:  Atlanta-based Laureate Capital LLC

Stay up-to-date with our free email newsletter

Keep up with the issues, companies and people that matter most to business in the Milwaukee metro area.

By subscribing you agree to our privacy policy.

No, thank you.
Exit mobile version