A private investor buys 2 WI shopping centers
A private investor has acquired The Shoppes at Fox River in Waukesha, Wis., and East Town Plaza in Madison, Wis., for combined $68.5 million from RPT Realty.
Mid America Real Estate Corp. brokered the sale of The Shoppes at Fox River. Proceeds from both sales will go towards funding the firm’s value creation initiatives and reducing leverage. Mid-America Real Estate Corp.’s Investment Sales team included Principal Ben Wineman and Mid-America Real Estate Wisconsin LLC Principal Dan Rosenfeld, representing the seller. Mid-America Real Estate – Michigan Inc.’s Principal Cynthia Kratchman represented the buyer.
East Town Plaza was built in 2009 by The Opus Group. Besides, it was expanded in 2012,2014 and 2016. It is located at 2119 Zeier Road. It comprises 341,467 square feet. Also, the property is anchored by Burlington, Marshalls, DSW, Ulta, Kirkland’s Home, Party City and more.
The Shoppes at Fox River is located at 1180 W. Sunset Drive. The asset comprises 483,409 square feet. The open-air retail center is anchored by grocer Pick ‘N Save, Ross Dress for Less, Old Navy, Ulta, Five Below, Hobby Lobby, TJ Maxx, Petco, Dollar Tree and Target.
Source: CP Executive
Fulya Altunyay/ [email protected]