Leases, Sales

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Cohen Financial, a national real estate investment firm based in Chicago, has acquired the Bell Industries building at 18456 Fulton Dr. in Germantown, in a sale-leaseback deal, for $2.375 million.
The building, a warehouse and distribution center, has 67,200 square feet of space.
Bell Industries’ operations include computer systems integration, distribution of aftermarket products for recreational vehicles, motorcycles, snowmobile and powerboats, and specialty electronics manufacturing.
Roger Siegel of the Polacheck Co. and Tyler Mattax of CB Richard Ellis represented the seller in the transaction.
The Dickman Co. has announced the following lease deals:

  • 8,000 square feet of industrial space at 2122 W. Clybourn St. in Milwaukee, leased to Indus, Inc., d/b/a Industar Digital PCS, listed by Max Dickman of The Dickman Co. and leased through Tom Gale of Wangard Partners;
  • 35,000 square feet of industrial space at the northwest corner of Cottonwood Avenue and Elm Drive in Hartland to Orthopedic Systems, listed by and leased through Samuel D. Dickman and Samuel M. Dickman of The Dickman Co.;
  • 5,800-square-foot industrial building at 7909 N. Teutonia Ave., Brown Deer, sold by Karl J. and Marva Schlueter to W. Coyote Enterprises, Samuel M. Dickman, broker.
    The James T. Barry Co. has announced the following building sales:
  • 6,900-square-foot industrial building at 3435 W. Greentree Rd., Milwaukee, the Lau property, brokered by Pete Slezak, Steve Traudt and Ben Quinette, sold to Gary and Katherine Ringlewski for $220,000;
  • 26,250-square-foot industrial building at 2030 Stoneridge Rd., West Bend, the Lights of America property, brokered by David J. Buckley, sold for $790,000 to Des Moines-based Barton Solvents which serves the graphic arts industry and which plans to open a Wisconsin-based distribution location to augment its Midwest presence;
  • 8,200-square-foot industrial building at 4121 S. 6th St., Milwaukee, the American Organ Supply, brokered by David J. Buckley, sold to Sanfelippo Environmental for $150,000;
  • 5,140-square-foot building at 3642 W. Elm St., Milwaukee, the Dunbar Armored property, brokered by David J. Buckley, sold for $85,000 to North Shore Properties;
  • 64,760-square-foot industrial building at 5700 Hwy. 164, Sussex, the Goodman/Stock Lumber property, brokered by Pete Slezak;
  • Kevin Barry sold a property at 1st Street and Capitol Drive in Milwaukee to Sun Cleaning, co-brokered with Seigel Gallagher;
  • A 42,000-square-foot industrial; building at 5933 N. 55th St. and 5515 W. Florist Ave., sold through Kevin Barry and Kurt Van Dyke to G&G Family LLC, for $755,000;
    The James T. Barry Co. has announced the following building leases:
  • 25,200-square-foot industrial building, the Pope Scientific property, at N90 W14337 Commerce Dr., Menomonee Falls, to Midwest Window & Door, brokered by Kurt Van Dyke;
  • 2,483-square-foot industrial building at the Cedar Creek Center, W225 N16722 Cedar Park Ct. in Jackson, to Ratsberg Controls, brokered by David J. Buckley;
  • 40,000-square-foot industrial Omnicare property at 5111 S. 9th St., Milwaukee; brokered by Kurt Van Dyke;
  • 3,000-square-foot industrial American Landscape property at N60 W16717 Kohler Ln., Menomonee Falls, to Manta Ray, brokered by David J. Buckley;
  • 2,240-square-foot medical building at the WalMart Center/Kensington Development, 2725 Hillside Dr., Delafield, to Pain Management Clinic, brokered by David J. Buckley.
    NAI MLG Commercial has announced the sale of the former Tapco building, 120 N. 120th St., Wauwatosa, owned by Robert Yunker II, LLC, to 3-K Racing, a partnership that includes David Kittleson, owner of Closet Concepts.
    The 11,740-square-foot industrial building, which sold for $475,500, will have Closet Concepts as the majority tenant. The firm, which has been in the Milwaukee area since 1987, had been located down the block. Steve Anderson, an MLG broker, represented the seller.
    The Polacheck Co. has announced the following building lease transactions:
  • 7,210-square-foot retail space at 1701 S. 108th St., West Allis, to Rhino Enterprises, d/b/a Woodcraft, Alex T. Kasun, leasing broker;
  • 1,200-square-foot retail space at 1943 N. Farewell Ave., Milwaukee, to Eddie Kwok, d/b/a Eddie’s Place, Peter J. Langhoff, leasing broker;
  • 4,025-square-foot retail space at 16750-17000 W. Bluemound Rd., Brookfield, to Catherine’s Store Corp., Gary L. Stein and Sandy T. Golden, leasing brokers;
  • 2,239-square-foot office space at 735 N. Water St., Milwaukee, to MBO Advisors, Kevin J. Armstrong and Carrie A. Torres, leasing brokers;
  • 5,204-square-foot industrial space at N56 W13555 Silver Spring Dr., Menomonee Falls, to McGill Air Flow Corp., Scott F. Furmanski, leasing broker;
  • 2,505-square-foot retail space at 1417 N. Wauwatosa Ave, Wauwatosa, for Starbucks, Sandy Golden and Andrew M. Zall, leasing brokers;
  • 18,326-square-foot industrial space at 2865-75 S., 160th St., New Berlin, to Nationwide Apartment Supply, d/b/a Century Maintenance, Thomas S. Kopatich, leasing broker;
  • 1,620-square-foot retail space at 14685 W. Capitol Dr., Brookfield, for Lebita, Inc., d/b/a Eddie Z’s Express Blinds, Alex T. Kasun and Andrew Zall, leasing brokers;
  • 1,872-square-foot retail space at 14685 W. Capitol Dr., Brookfield, for Stumic, Inc., d/b/a Gallery of Affordable Art, Alex T. Kasun, leasing broker;
  • 2,500-square-foot retail space at 505 W. Silver Spring Dr., Glendale, for Integral Investments, Andrew Zall, leasing broker;
  • 3,000-square-foot office space at 6848 Santa Monica Blvd., Fox Point, for Cardinal Stritch University, Andrew Zall, leasing broker.

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