An affiliate of Beachwood, Ohio-based DDR Corp., one of the largest retail real estate firms in the U.S., recently purchased the Pick ‘n Save-anchored retail property at 1717 N. Mayfair Road in Wauwatosa.
The 5.2-acre site on the west side of Mayfair Road consists of a 60,598-square-foot Pick ‘n Save store, a 3,015-square-foot building occupied by a Mattress Firm store, and a 6,136-square-foot multi-tenant building occupied by Bubon Orthodontics, a Firehouse Subs restaurant and a Supercuts hair salon.
The DDR affiliate purchased the property for $20.3 million from an affiliate of Cole Capital, the Phoenix, Ariz.-based private capital management business of American New York-based Realty Capital Properties Inc., according to state records.
