West Bend Pick ‘n Save building sold for $18.2 million

A Pick ‘Save grocery store building in West Bend was sold for $18.2 million to a Pasadena, California-based real estate investment firm.

Lake Forest, Ill-based Westminster West Bend LLC, sold the 6-acre property to ExchangeRight Net Leased Portfolio 17, LLC, according to state records.

The 63,160-square-foot store, located at 2518 W. Washington St.,  was constructed in 2010.

The Pick ‘n Save store has more than 13 years remaining on the lease which expires December 31, 2030.

Randy Blankstein and John Feeney of Northbrook, Ill.-based The Boulder Group represented the seller in the transaction.

The property is located at the intersection of West Washington Street and Wildwood Road, just off of Highway 45.