New Berlin shopping center sold for $4.6 million

Florida investment firm purchased 8.8 acre property, anchored by a Walmart store

Walmart. (Courtesy: Shutterstock)

Last updated on May 15th, 2019 at 04:56 pm

A Miami Beach, Florida-based real estate investment firm purchased a Walmart anchored shopping center in New Berlin for $4.6 million, according to state records.

The 8.8 acre property at 15333 W. National Ave., was sold to LNR Property LLC from an affiliate of Bentonville, Arkansas-based Walmart.

The property is located along West National Avenue and South Moorland Road, next to the Moorland Square Shopping Center, which is anchored by a Pick ‘n Save.

It is assessed by Waukesha County for $5.5 million.

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

No posts to display