Home Industries Real Estate Roundy’s Oconomowoc distribution center sold for $120 million

Roundy’s Oconomowoc distribution center sold for $120 million

By
Andrew Weiland
-
Image from LoopNet

An affiliate of Northbrook, Illinois-based commercial real estate company Harbor Bay Ventures recently sold the Roundy’s Supermarkets distribution center and warehouse in Oconomowoc to an affiliate of Coral Gables, Florida-based cold storage real estate company Scout Cold Logistics for $120 million, according to state records. The 1.1 million-square-foot structure was built in 2005 and sits

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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. A University of Wisconsin-Madison graduate, he is a lifelong resident of the state. He lives in Muskego with his wife, Seng, their son, Zach, and their dog, Hokey. He is an avid sports fan and is a member of the Muskego Athletic Association board of directors.
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An affiliate of Northbrook, Illinois-based commercial real estate company Harbor Bay Ventures recently sold the Roundy's Supermarkets distribution center and warehouse in Oconomowoc to an affiliate of Coral Gables, Florida-based cold storage real estate company Scout Cold Logistics for $120 million, according to state records. The 1.1 million-square-foot structure was built in 2005 and sits on a 101.7-site at 1111 Delafield St. in the Pabst Farms development. The property has an assessed value of about $58 million, according to Waukesha County records. Approximately 800 employees work at the Roundy’s facility in Oconomowoc, according to company spokesman James Hyland. He declined to comment on lease terms for the facility. No changes to the operations are planned, he said. Milwaukee-based Roundy's Supermarkets is owned by Cincinnati-based The Kroger Co. Roundy's operates more than 150 grocery stores under the Pick 'n Save, Copps, Metro Market and Mariano's brands in Wisconsin and Illinois.

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