A Phoenix, Ariz.-based real estate investment trust recently purchased the 58,730-square-foot Pick ‘n Save building at 2931 S. Chicago Ave. in Grant Park Plaza in South Milwaukee, according to state records.
Cole Real Estate Investments Inc. bought the building from Oshkosh-based real estate development and investment banking firm Alexander & Bishop for $7,558,000, according to state records.
Curt Smith of CBRE brokered the deal for Alexander & Bishop. The sale only involves the building and not the grocery store business, Smith said.
“It was a very straight-forward investment real estate transaction,” he said.
The Pick ‘n Save store is a stand-alone building in the 137,820-square-foot Grant Plark Plaza.