Home Industries Real Estate Pewaukee industrial building sold for $10 million

Pewaukee industrial building sold for $10 million

By
Andrew Weiland
-
Ridgeview Industrial Center IV. Image from LoopNet.
Ridgeview Industrial Center IV. Image from LoopNet.

Ridgeview Industrial Center IV, an 89,405-square-foot industrial building in the city of Pewaukee, has been sold for $10 million, according to state records. The building was sold by Dallas-based Mohr Capital, a private commercial real estate investment company, to Edina, Minnesota-based industrial real estate company Capital Partners. Green Bay-based Associated Bank provided a $6.5 million

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Andrew Weiland
Andrew is the editor of BizTimes Milwaukee. He joined BizTimes in 2003, serving as managing editor and real estate reporter for 11 years before being promoted to editor in 2015. An award-winning journalist, Weiland is a five-time winner in the Milwaukee Press Club Excellence in Journalism Awards contest and a five-time winner in the Alliance of Area Business Publishers (AABP) Awards contest. BizTimes Milwaukee has won 45 AABP awards for design and journalism during his time as editor. He is also a regular guest on WISN-TV Channel 12's 4 p.m. newscast to discuss the week's most significant business news stories.
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Ridgeview Industrial Center IV, an 89,405-square-foot industrial building in the city of Pewaukee, has been sold for $10 million, according to state records. The building was sold by Dallas-based Mohr Capital, a private commercial real estate investment company, to Edina, Minnesota-based industrial real estate company Capital Partners. Green Bay-based Associated Bank provided a $6.5 million loan to Capital Partners to help finance the building acquisition. Built in 2003 and remodeled in 2023, the building is 100 percent leased, according to Associated Bank. The building’s tenants are TireHub and Common Transportation. The building sits on a 10.6-acre site. The property has an assessed value of nearly $8 million, according to Waukesha County records.

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