Home Industries Real Estate Germantown retail property sold for $6.3 million

Germantown retail property sold for $6.3 million

By
Hunter Turpin
-
Image from LoopNet

A Germantown strip mall has been sold for $6.3 million, according to state records. The property at N96 W18640 County Line Road, known as Germantown Plaza, was sold by an affiliate of Illinois-based real estate firm The Crown Group to an affiliate of Minnesota-based development and investment firm HJ Development. With 63,700 square feet of

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Hunter Turpin
Hunter covers commercial and residential real estate for BizTimes. He previously wrote for the Waukesha Freeman and Milwaukee Journal Sentinel. A graduate of UW-Milwaukee, with a degree in journalism and urban studies, he was news editor of the UWM Post. He has received awards from the Milwaukee Press Club and Wisconsin Newspaper Association. Hunter likes cooking, gardening and 2000s girly pop.
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A Germantown strip mall has been sold for $6.3 million, according to state records. The property at N96 W18640 County Line Road, known as Germantown Plaza, was sold by an affiliate of Illinois-based real estate firm The Crown Group to an affiliate of Minnesota-based development and investment firm HJ Development. With 63,700 square feet of space, the property is currently tenanted by Michael's, PetCo and Aldi, with about 10,500 square feet of space available, according to Dan Rosenfeld, principal at Mid-America Real Estate. The buyer and seller were represented by Mid-America Real Estate. The property has an assessed value of $6 million, according to Washington County records, and had an asking price of $7.1 million, according to a previous listing from Mid-America. HJ Development and The Crown Group did not immediately respond to requests for comment.

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