Marcus & Millichap brokers sale of Southtown Shopping Center portfolio in Wisconsin
MMI•Marcus & Millichap brokered the sale of a three-property retail portfolio in West Allis, Wisconsin, comprising 15 suites and totaling 98% occupancy at closing.
MMI•Marcus & Millichap brokered the sale of a three-property retail portfolio in West Allis, Wisconsin, comprising 15 suites and totaling 98% occupancy at closing.
The portfolio includes a 101,567-square-foot shopping center at 2900 S. 108th St., a Panera Bread outlot and a Krispy Kreme ground lease. The buyer was an East Coast-based 1031-exchange investor, while the seller partnership had held the assets for more than 25 years; weighted tenant tenure was 15.88 years.