Real estate deals of the week

Last updated on May 13th, 2019 at 02:40 pm

River Bend Investors LLC recently purchased a 57,424-square-foot industrial building at 1200 W. Second St., Oconomowoc, in the River Bend Industrial Park, from Plastocon Inc. The sale price was not disclosed. David Buckley, a broker with Colliers Barry, represented the buyer and seller in negotiating the deal. Plastocon, an injection molding company, will remain in the building as the tenant and has signed a long term lease, Buckley said. River Bend Investors includes David Lang, the owner of Brookfield-based Commercial Investment Partners and Kevin Crary, the owner of Pewaukee-based CF & Associates. The building is on a seven acre property, which provides room for expansion, Buckley said.

Liberty Mutual Insurance Company recently renewed its lease for 10,546 square feet of office space at 15700 W. Bluemound Road, Brookfield, from North Shore Bank. William Bonifas, senior vice president of CB Richard Ellis, represented North Shore Bank and Mark Stables, senior vice president of Chicago-based Grubb & Ellis Co. represented Liberty Mutual in negotiating the deal. The bank occupies the vast majority of space in the building, located at the northwest corner of the busy Bluemound Road and Moorland Road intersection, across the street from Brookfield Square Mall. “(The building) has a couple of other small tenants,” Bonifas said. Liberty Mutual has occupied space in the building for about 10 years, he said.

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