Home Industries Real Estate West Allis shopping center sold for $22.5 million

West Allis shopping center sold for $22.5 million

West Allis Center
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A West Allis shopping center, anchored by Pick ‘n Save and Kohl’s stores and located northwest of Highway 100 and West Cleveland Avenue, was sold recently for $22.5 million, according to state records.

An affiliate of Brentwood, Tennessee-based GBT Realty Corp. sold the property to an affiliate of Miami-based L2 Partners LLC.

The property has an assessed value of $14.2 million, according to West Allis records.

The state property sale record indicates it is a 18.8-acre site, while the city’s property information lists it as a 16.8-acre site.

Andrew is the editor of BizTimes Milwaukee. He joined BizTimes in 2003, serving as managing editor and real estate reporter for 11 years before being promoted to editor in 2015. An award-winning journalist, Weiland is a five-time winner in the Milwaukee Press Club Excellence in Journalism Awards contest and a three-time winner in the Alliance of Area Business Publishers (AABP) Awards contest. He is also a regular guest on WISN-TV Channel 12's 4 p.m. newscast to discuss the week's most significant business news stories.
A West Allis shopping center, anchored by Pick 'n Save and Kohl's stores and located northwest of Highway 100 and West Cleveland Avenue, was sold recently for $22.5 million, according to state records. An affiliate of Brentwood, Tennessee-based GBT Realty Corp. sold the property to an affiliate of Miami-based L2 Partners LLC. The property has an assessed value of $14.2 million, according to West Allis records. The state property sale record indicates it is a 18.8-acre site, while the city's property information lists it as a 16.8-acre site.

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