Café Hollander’s Mequon location opens May 20
The Lowlands Group will open its seventh location May 20, in the Mequon Town Center. The new building, 5900 W. Mequon Road, features a rooftop patio and an outdoor pétanque ball court.
During the grand opening weekend, the Lowlands Group will hold a three-day benefit where 100 percent of sales from food and certain beer selections will be donated to the Milwaukee Riverkeeper, The Ozaukee Interurban Trail and The Boys and Girls Clubs of Greater Milwaukee.
The grand opening will include a group bike ride on the Ozaukee Interurban Trail.
Hendricks purchases 12 Delafield properties
Hendricks Commercial Properties of Beloit purchased 12 buildings in downtown Delafield from Steinergroup Commercial Real Estate and Ace World Wide, according to state real estate records.
The buildings are a combined 148,000 square feet and are on Wells Street and on the 600, 700 and 800 blocks of Genesee Street.
Steinergroup, Inc. is a Cudahy-based commercial real estate investor, developer, and manager that had a combined $50 million in assets before the sale, according to the company’s assets.
This is not Hendricks’ first foray into the Delafield. The company bought the Delafield Hotel in June 2015 for $2.5 million.
Hendricks also purchased 67,200 square feet of industrial space at N117 W18456 Fulton Drive in Germantown.
Jim Villa named CEO of NAIOP
Jim Villa, former vice president of university relations for the University of Wisconsin System, has been appointed chief executive officer of NAIOP Wisconsin, the commercial real estate development association.
Villa will oversee day-to-day business operations of the association, as well as work with the board of directors to finalize and implement a strategic vision for the future of the organization.
Villa previously served as the president and CEO of CARW and has extensive experience in public policy issues involving development, real estate, and economic development.
“NAIOP-WI members are dedicated to growing Wisconsin’s economy, building communities, and creating jobs,” Villa said. “I’m honored to be a part of an organization, and an industry, with leaders so dedicated to improving the quality of life in our state.”
Heartland Value Fund Chairman sells Kilbourn Tower condo
William Nasgovitz, chairman, chief information officer and portfolio manager of Heartland Value Fund has sold his 24th floor Kilbourn Tower condo to Bruce and Joyce Myers for $1.2 million, according to state real estate records. Nasgovitz is the founder of Heartland Advisors Inc. in Milwaukee. He began running his firm’s flagship Heartland Value Fund in 1984.