Contact: Tina Widmyer
Email: [email protected]
December 15, 2011 (West Milwaukee, WI) – Madison-based Sara Investment Real Estate acquires its third foreclosed property in the greater Milwaukee market. Sara paid $5.65 million for three parcels along Miller Park Way which includes a 19,000 square foot retail center, 18,000 square foot Office Max and a Sonic which is a 23,000 square foot land lease. The Seller was Bank Mutual while Investors Bank acted as the lender in the transaction. Sara Investments Jenny Lisak brokered the deal.
The strip center has seven existing retail tenants and 2,200 square feet of remaining space available for lease. Build out for two tenants have commenced and are expected to be completed after the first of the year.
Sara Investment Real Estate owns and operates over 50 retail, office and industrial properties across the state of Wisconsin.