Home Industries Real Estate Mandel Group sells Brookfield apartment complex for $14 million

Mandel Group sells Brookfield apartment complex for $14 million

By
Hunter Turpin
-
The recently-sold PrairieWalk Towne Center apartment complex in Brookfield.
PrairieWalk Towne Center. Image from Greenstone Partners

Milwaukee-based Mandel Group sold a 56-unit apartment complex in Brookfield for $14.4 million. Known as PrairieWalk at Towne Center, the two-building development was acquired by Chicago-based investment firm Breneman Capital. Located at 3755 N. Brookfield Road, the development includes one- and two-bedroom apartment units and has maintained high occupancy since it was built, Mandel said

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.

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.
Mail

RELATED ARTICLES

Copyright ©2025 BizTimes Media, LLC. All Rights Reserved.
Milwaukee-based Mandel Group sold a 56-unit apartment complex in Brookfield for $14.4 million. Known as PrairieWalk at Towne Center, the two-building development was acquired by Chicago-based investment firm Breneman Capital. Located at 3755 N. Brookfield Road, the development includes one- and two-bedroom apartment units and has maintained high occupancy since it was built, Mandel said in a press release. Breneman Capital has properties in metro Chicago, Madison and Minneapolis, its website shows. "We’re excited to build our presence in the Milwaukee market," said Drew Breneman, the company's founder and CEO. The sale was brokered and announced by Chicago-based Greenstone Partners. “Brookfield is an appealing multifamily investment market with great schools, an active downtown and access to all major retailers, said Jordan Multack, Greenstone Partners’ senior director. "We were able to procure an exceptionally strong offer, from an accredited, repeat buyer of ours, who has strong roots in the Wisconsin suburban markets. This deal exemplifies a win-win—a well-positioned acquisition for Breneman Capital and a successful development and exit for the sellers.”

More coverage of Mandel Group:

BIZEXPO IS MAY 13 -  Early Registration Ends May 1

Holiday flash sale!

Limited time offer. New subscribers only.

Subscribe to BizTimes Milwaukee and save 40%

Holiday flash sale! Subscribe to BizTimes and save 40%!

Limited time offer. New subscribers only.

Exit mobile version