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Robin Thuringer
Corporate Marketing Director
rthuringer@midamericagrp.com
630.481.4015

Mid-America Real Estate Arranges Sale of Wisconsin Value-Add Retail Portfolio for $16.8 Million

Photo of Oak Creek Centre located in Oak Creek, Wisc. available here.

OAKBROOK TERRACE, Ill. (December 3, 2015) – Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of three different properties in Wisconsin on behalf of a private institutional investor. New York-based Time Equities purchased the three-property portfolio for $16.8 million.

The subject properties are listed below in order of gross leasable area.

110,855-square-foot Park Plaza is located at the northwest corner of Calumet Avenue and South 30th Street in Manitowoc, Wisc. The center is anchored by Hobby Lobby, and includes Family Dollar, Papa Murphy’s and Advance America.

Oak Creek Centre, located at in Oak Creek, Wisc., is anchored by TJ Maxx, Petco and Dollar Tree. The 95,042-square-foot property is located at the northwest corner of Howell Avenue and Puetz Road.

87,680-square-foot Taylor Heights Shopping Center, located in Sheboygan, Wisc., is anchored by Festival Foods. The grocery-anchored center is situated at the southeast corner of Erie Avenue and Taylor Drive.

Joe Girardi of Mid-America Real Estate Corporation in association with Dan Rosenfeld of Mid-America Real Estate – Wisconsin, LLC represented the seller in the transaction.

Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate headquartered in Oakbrook Terrace, Ill. The company is the Midwest’s leading full-service retail real estate organization with offices in Chicago, Milwaukee, Minneapolis and Detroit.  For more information, call (630) 954-7300 or visit www.midamericagrp.com.

Oak Creek Centre
Image of Oak Creek Centre located in Oak Creek, Wisc.
Click on image to view hi-res version

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