Real estate deal of the week

Through its entity Ace Industrial Properties, Cudahy-based Steinergroup Inc. purchased 55 acres at the southwest corner of Moorland Road and College Avenue in Muskego for $6 million. Steinergroup plans to develop a mixed use technology park on the site called The Muskego Commerce Center. The center will be anchored by a 486,000-square-foot distribution center for GE Healthcare "The site can accommodate over 1 million square feet of construction, so many more buildings will follow," said Jason Steiner, president of Steinergroup. "We see the area as space constrained for this type of use and ripe for development." Steinergroup is the real estate investment are and exclusive advisor to the Milwaukee-based Ace World Wide Group of Companies.