Milwaukee Brokerage Firm Announces Recent Commercial Real Estate Transactions Totaling $2.8M
West Allis, WI – August 28, 2017 – SVN | Hintze Commercial Real Estate, a commercial real estate brokerage firm servicing clients in the Milwaukee metropolitan area, has announces the successful closings of two local commercial real estate properties for $1,100,000 and $1,700,000.
Office Property in Paddock Lake, WI
The first transaction is the sale of Paddock Lake Office Condo Building II, an office condominium building totaling 11,935 square-feet, in Paddock Lake, WI for $1,100,000. Located at 7137 236th Street, Paddock Lake, WI 53168, the property closed on June 30th, 2017. SVN | Hintze Commercial Real Estate Executive Director Jay Hintze represented the seller, Paddock Lake Heights, LLC, and Michael Zacker of Cove Realty represented the buyer, Paddock Lake Development, LLC.
“Through extensive marketing efforts we located a single tenant who leased all 8 condos at the property, and also extended their term for an additional 5 years. Working through these details enabled us to successfully close the deal,” says SVN | Hintze Commercial Real Estate Executive Director Jay Hintze. “When you sell an office property at 100% occupancy everyone involved benefits and sees value.”
Office/Warehouse Property in Butler, WI
The second transaction is the sale of a 62,000 square-foot office/warehouse property in Butler, WI for $1,700,000. Located at 13000 W. Silver Spring Drive, Butler, WI 53007, the property closed on July 20, 2017. SVN | Hintze Commercial Real Estate Senior Advisor Thomas Gale represented the seller, Garland Enterprises, and Christian Hlavinka of Anderson Commercial Group represented the buyer, Staff Electric.
“This sale represents a win-win for both sides of the transaction, a desired and timely disposition for the Garland family, and a strategic business acquisition for Staff Electric,” says SVN | Hintze Commercial Real Estate Senior Advisor Thomas Gale. “Garland Enterprises has been slowly winding down their family business, selling off their Wisconsin properties for years, and was happy to hand off a stable, high-performing property to Staff Electric.”
In addition to recent transactions, SVN | Hintze Commercial Real Estate announces Executive Director Jay Hintze has been appointed as the official Receiver for Racine County, WI as well as the Sales Broker for a 388,856 square-foot warehouse/distribution facility in Mt. Pleasant, WI listed at $12,740,000.
Located at 7601 Durand Avenue, Mt. Pleasant, WI 53177, the desirable commercial property is within four miles of the highly anticipated new warehouse location of Foxconn Technology Group. More information can be found at the property’s information page.
SVN | Hintze Commercial Real Estate is part of the SVN® brand network, one of the most recognizable global commercial real estate brands. Originally founded in Irvine, CA in 1987, there are now over 1,600 commercial real estate Advisors and staff, in more offices in the United States than any other commercial real estate firm. SVN Advisors completed approximately $10.6 billion in sales and leasing transactions in 2016, spanning every commercial real estate product type and across a broader range of markets than our competitors. Accessing unparalleled marketing platforms and tools, SVN Advisors reap the benefits of SVN Live Weekly Property Broadcast, cloud-based leading-edge technology, and national product councils.
For more information on SVN | Hintze Commercial Real Estate’s client services and available commercial listings in the Milwaukee metropolitan market, visit svnhintzecre.com.
About SVN | Hintze Commercial Real Estate
SVN | Hintze Commercial Real Estate, a full-service commercial real estate brokerage firm based in West Allis, WI, provides sales, leasing, and property management services in office, industrial, multifamily, senior housing and retail throughout the Milwaukee metropolitan area. As part of the SVN® brand network, the firm has access to the most cutting-edge industry platforms, as well as the ability to represent clients in sales, leasing and management in over 500 markets worldwide. For more information visit svnhintzecre.com. All SVN offices are independently owned and operated.