Home Industries Real Estate National real estate firm buys Menomonee Falls shopping center once anchored by...

National real estate firm buys Menomonee Falls shopping center once anchored by Walmart Neighborhood Market

By
Alex Zank
-
Credit: Google
Credit: Google

Dallas-based Tabani Group has purchased a shopping center in Menomonee Falls that was once anchored by a Walmart Neighborhood Market store. A Tabani affiliate bought the former Walmart and other retail buildings at the southeast corner of Pilgrim Road and Main Street for $7.55 million, according to Waukesha County records. The seller is an affiliate

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Dallas-based Tabani Group has purchased a shopping center in Menomonee Falls that was once anchored by a Walmart Neighborhood Market store. A Tabani affiliate bought the former Walmart and other retail buildings at the southeast corner of Pilgrim Road and Main Street for $7.55 million, according to Waukesha County records. The seller is an affiliate of Oak Brook, Illinois-based IRC Retail Centers LLC. The buildings Tabani acquired include the 40,596-square-foot vacant Walmart building, an attached multi-tenant retail building and a 4,900-square-foot building occupied by Ninja Japanese steakhouse. The properties collectively have an assessed value of $6.83 million, according to county records. Walmart closed its Menomonee Falls Neighborhood Market along with more than 150 others nationwide in 2016. Representatives of Tabani did not immediately respond to a request for comment. According to its website, Tabani is a full-service commercial real estate company, with a portfolio of over $1 billion and 10 million square feet nationwide. It owns commercial, hotel and residential properties.

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