Quantcast

On the Market: A snapshot of real estate/hospitality properties available for lease or purchase

Published: July 30, 2012
Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

(Staff photos by Kevin Harnack)

Address: 10044 N. Port Washington Road, Mequon

Owner: Louis Sennett

Broker: Brett Deter, RFP Commercial Inc., Milwaukee

Contact: 414-224-9113

Date built: 1986

Size: 1,400 square feet

Previous uses: It is the middle unit of a three-section retail property. The north unit once was for a pediatric medical practice and soon will house a Chinese restaurant. The south unit once was used by a fur retailer and now houses a salon. The middle unit once housed a hair salon.

Building history: The owner renovated the 26-year-old building’s façade last year.

Significance to area: The building is south of the new Les Moise, a sports retail store, and next to the Port Zedler motel, which also is for sale.

Point of interest: Deter highlighted the building’s new façade and history of good maintenance as aspects that make it a solid property in Mequon.

Property name: Knickerbocker on the Lake

Address: 1028 E. Juneau Ave., Milwaukee

Owner: Axis Enterprises LLC, Fox Point

Broker: Cory Sovine, Siegel-Gallagher Inc., Milwaukee

Contact: 414-270-4111

Date built: 1927

Size: 4,675 square feet

Previous uses: The building housed an Italian restaurant for about 15 years and a different restaurant for 40 years before that.

Building history: The building includes condominiums, and the retail space is considered a unit in the association. There have been no recent major renovations. The space is adjacent to The Knick, a restaurant.

Significance to area: It is in a dense neighborhood with many established businesses.

Point of interest: Sovine described the building as an opportunity to capitalize on existing space in an area frequented by a large number of potential clients.

Property name: Timmerman Plaza

Address: 10426-10448 W. Silver Spring Drive, Milwaukee

Owner: Timmerman LLC, Delaware

Broker: Peter Glaser, CBRE Inc.’s Milwaukee office

Contact: 414-273-0880

Date built: early 1970s

Size: 6,000 square feet

Previous uses: The building is part of a plaza that used to be anchored by J.C. Penney Co. The J.C. Penney store since has been demolished, and Wal-Mart Stores Inc. will occupy a new 148,000-square-foot building as the site’s anchor.

Building history: The available space is in a building that was renovated this year with a new façade. In sum, there are 28,000 square feet of small shop space in the plaza. Other tenants include Dots Fashions, Rainbow Apparel, Radio Shack, H&R Block, Advance America and Dollar Tree. A Pick ’n Save grocery store, a bowling alley and a strip mall operate at the plaza under separate ownership.

Significance to area: Timmerman Plaza is expected to open in fall. A main feature of the site is its location on West Silver Spring Drive, which Glaser described as a major east-west thoroughfare.

Point of interest: Glaser cited Walmart’s presence as an anchor for the site as the boost this property needs to become a destination that will draw customers.

.

Address: 2926-2928 W. Forest Home Ave., Milwaukee

Owner: Patrick Prudlow

Broker: Coldwell Banker Real Estate LLC’s Milwaukee office

Contact: Cindy Shaffer, 414-405-0860

Date built: 1917

Size: 4,500 square feet

Previous uses: The property has housed a hardware store, a television sales and service shop, and a portrait gallery. A three-bedroom apartment with an upper deck occupies the property’s second floor.

Building history: There have been no major renovations to the property.

Significance to area: The property is in a mixed commercial and residential neighborhood on a four-lane highway. Prudlow said the property’s proximity to interstates 94, 43 and 894 made it an accessible location.

Point of interest: The property includes a drive-in warehouse

Recent transactions

To submit a listing, email caley.clinton@dailyreporter.com.

Cassidy Turley Barry Inc., Milwaukee, announced the following transactions:

  • Guardian Auto Glass Milwaukee leased 2,400 square feet of flex space at 3695 N. 126th St., Brookfield, from Sunset Investment Co. LP in a transaction brokered by Kenneth Braden of Cassidy Turley.
  • Midwest Roofing & Construction LLC, Dodgeville, leased 6,384 square feet of industrial space at 4060 N. 34th St., Milwaukee, from Angela Mack in a transaction brokered by Maximilian Yokosh of Cassidy Turley.
  • Davis Engineering & Seven Marine leased 18,500 square feet of industrial and first-floor office space from Wisconsin Lift Truck at N118 W19328 Bunsen Drive, Germantown, in a transaction brokered by James Young of Cassidy Turley. The firm will use the space as an office and research and development building for its expanding outboard motors-focused engineering business.
  • David Barry and David Buckley of Cassidy Turley represented Ideal Sales and Marketing in its lease of a 14,400-square-foot industrial building at S84 W18999 Enterprise Drive, Muskego, from Wiza Investments LLC, Muskego. Barry and Buckley also represented Ideal Sales in its short-term lease of 3,800 square feet of industrial space at S84 W18765 Saturn Drive in the Muskego Industrial Park from 187 Muskego LLC.

Representatives of NAI MLG Commercial LLC, Brookfield, worked on the following transactions:

  • Summer/Snow General Partnership leased 9,000 square feet at 2308 Badger Drive, Waukesha. Adam Matson, Brett Garceau and Mitchell Starczynski of NAI MLG Commercial handled the transaction.
  • Jim Larson leased 5,000 square feet at 2885 S. James Drive, New Berlin, from Industrial Towel and Uniform Inc. NAI MLG’s Matson and Garceau handled the transaction.
  • E.R. Abernathy Industrial Inc., Sussex, leased 3,000 square feet at 2000 Pewaukee road, Waukesha, from St. John Properties Inc., Baltimore. NAI MLG’s Garceau handled the transaction.
  • Tools Inc., Sussex, leased 20,967 square feet at N53 W24950 S. Corporate Circle, Sussex, from KJ Development LLC, Sussex. NAI MLG’s Barry Chavin, Curt Pitzen and Garceau handled the transaction.

– Beth Kevit

[Print] [Email]

Comments

Comments are closed.


Recent topics include:
  • When the dominoes start to fall: managing contractor and subcontractor defaults
  • Construction Hazard: new hires means greater exposure to litigation
Already a subscriber? Claim your Whitepapers here. Try TDR for 30 days and gain access.

THE DAILY REPORTER EVENT CALENDAR