Home Industries Real Estate Three Leaf acquires four Walworth industrial buildings for $9.5 million

Three Leaf acquires four Walworth industrial buildings for $9.5 million

By
Hunter Turpin
-
837 Walworth St. Image from LoopNet

Milwaukee-based Three Leaf Partners purchased a four-building industrial portfolio in Walworth for $9.5 million. The buildings, which have a total of about 228,500 square feet, are all occupied by Novares, a manufacturer of plastic car parts. Novares will continue as a tenant in the buildings, according to Three Leaf. Located at 100 and 820 Wisconsin

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Hunter Turpin
Hunter covers commercial and residential real estate for BizTimes. He previously wrote for the Waukesha Freeman and Milwaukee Journal Sentinel. A graduate of UW-Milwaukee, with a degree in journalism and urban studies, he was news editor of the UWM Post. He has received awards from the Milwaukee Press Club and Wisconsin Newspaper Association. Hunter likes cooking, gardening and 2000s girly pop.
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Milwaukee-based Three Leaf Partners purchased a four-building industrial portfolio in Walworth for $9.5 million. The buildings, which have a total of about 228,500 square feet, are all occupied by Novares, a manufacturer of plastic car parts. Novares will continue as a tenant in the buildings, according to Three Leaf. Located at 100 and 820 Wisconsin St. and 837 and 850 Walworth St., the properties were sold by an affiliate of Rochester, New York-based Royal Oak Realty Trust, according to state property records. Three Leaf, known primarily for multi-family residential developments, has recently started acquiring industrial buildings as investment properties including the Federal Tool & Engineering building in West Bend. "This outstanding asset continues execution of TLP’s industrial acquisition strategy of acquiring well-located high quality industrial assets," Three Leaf said in a statement.

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