Connect Commercial Real Estate News – Chicago Investor Exits 10-Year Hold on Wisconsin Retail

October 21, 2019

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Quantum Real Estate Advisors brokered the sale of a multi-tenant shopping center in Pleasant Prairie, WI for an undisclosed sum. Built in 2007, the roughly 26,000-square-foot property at 9740-9800 76th St. was fully leased at the time of the sale to tenants including Starbucks, Panda Express, Aspen Dental and AT&T.

Chad Firsel, president of Quantum, represented the seller, a Chicago-based private investor. SVP Daniel Waszak represented the Miami-based buyer.

“The seller was able to exit this asset at an attractive price point after almost 10 years of ownership,” said Firsel. “We were able to generate multiple offers on the asset, showing continued demand for high-quality strip centers.”

Waszak added, “The buyer was pleased to obtain such a well-located asset with an even stronger tenant lineup. They were also attracted to the long-term occupancy and multiple lease renewals within the center.”