A new nonprofit organization named the Walter Schroeder Aquatic Center Ltd. recently entered into an agreement to purchase the Walter Schroeder Aquatic Center at 9250 N. Green Bay Road, Brown Deer, from the YMCA of Metropolitan Milwaukee. The sale of the WSAC was brokered in large part by Mark Irgens, manager/president of Wauwatosa-based Irgens Development Partners LLC. Irgens is a former competitive swimmer and father of two swimmers. "I learned of the YMCA’s desire to redevelop the property and wanted to ensure the future of this program and this facility," said Irgens. Thousands of athletes and their families from Southeastern Wisconsin, and around the United States have utilized the Walter Schroeder Aquatic Center since it opened in 1979. The WSAC has been home to United States National Championships for both swimming and diving. It has also hosted NCAA National Championships in swimming and diving for Divisions I, II, and III. The Walter Schroeder Aquatic Center, Ltd. says it is committed to the continued support of high-level competitive aquatics. The sale of the WSAC will also spark a capital campaign that will help fund necessary renovations and updates to the facility. The facility will receive updates/replacements to its bulkheads, cooling, and improved air handling systems, filters and roof.
Milwaukee-based Towne Investments announced that it has purchased three industrial land sites and a 37,037-square-foot industiral building in the Chicago/Milwaukee I-94 corridor. Two of the parcels of land, a 1.43-acre site and a 2.23-acre site, are located in the Business Park of Kenosha. The building and a 3.19-acre site are located in the OakGroveBusinessPark in Waukegan, Ill. The three land sites could support a combined 130,000 square feet of industrial space and are available for sale, lease build-to-suit or for speculative development. "These acquisitions complement our development portfolio by providing space opportunities in the northern Chicago, southeastern Wisconsin submarket for businesses needing mid-sized industrial facilities," said John Kersey, director of Towne Investments. "These acquisitions are consistent with our goal to expand our portfolio holdings in the I-94 Chicago/Milwaukee corridor." Steve Sullivan and Duke Botthof of NAI HIffman represented the seller and will market the properties on behalf of Towne. Towne Investments is the trade name under which Milwaukee-based Zilber Ltd. markets its commercial investment portfolio.
Never Better Investments LLC recently purchased an 83,000-square-foot industrial building at W220 N507 Springdale Road, Pewaukee, from Springdale Road LLC. The sale was brokered by Mike Judson of Judson & Associates, who represented the buyer, and Dave Hazenfield of Dickman Company, who represented the seller. Baird Display plans to move from West Allis to the building. The building’s former owner and occupant, The Triad Group, is moving to Hartland.
