Home Industries Real Estate Mixed-use Cast Iron development in West Bend sold for $21 million

Mixed-use Cast Iron development in West Bend sold for $21 million

Image from CBRE

Beloit-based Hendricks Commercial Properties has sold the Cast Iron Luxury Living complex, a historic mixed-use property, in West Bend for $21 million. Located at 611 Veterans Ave., the property was renovated in 2015 and 2017 into a mixed-use building with 129 apartment units and 45,748 square feet of ground-floor commercial space. It was formerly home

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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.

Beloit-based Hendricks Commercial Properties has sold the Cast Iron Luxury Living complex, a historic mixed-use property, in West Bend for $21 million.

Located at 611 Veterans Ave., the property was renovated in 2015 and 2017 into a mixed-use building with 129 apartment units and 45,748 square feet of ground-floor commercial space. It was formerly home to The West Bend Company, a cookware and appliance manufacturing-based business, which occupied the site since 1911. Current commercial tenants include Kettle Moraine YMCA, West Bend Pediatrics-Children’s Wisconsin and the West Bend Area Chamber of Commerce, along with restaurants Café Floriana and The Grün Hexe Kitchen & Catering. The sale of the property was announced Friday by commercial real estate firm CBRE, which arranged the sale. The buyer was a partnership of local buyers, a press release said. “Hendricks did a phenomenal job creating Cast Iron Luxury Living as the bellwether of high-end multifamily units in West Bend that consistently maintains nearly 100% occupancy,” said Matson Holbrook, first vice president at CBRE. “The market certainly took notice, and our CBRE team is extremely pleased by the outcome of this transaction.”

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