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Hanley Investment Group Arranges Sale of Milwaukee Shopping Center
Hanley Investment Group Real Estate Advisors arranged the sale of Cornerstone Shopping Center, a 13,308‑square‑foot retail center located in the North Shore trade area across from Bayshore, one of Wisconsin’s mixed‑use destinations.
Hanley Investment Group’s Executive Vice President and Partner Jeff Lefko and Executive Vice President Bill Asher, in association with ParaSell, Inc., represented the seller, a private investor from North San Diego County, California. The buyer, SW Neighborhood Centers IV, an affiliate of Alabama-based commercial real estate firm Shannon Waltchack, represented itself.
“We generated multiple competitive offers from private equity and institutional buyers within the first few weeks of marketing and secured an all‑cash institutional buyer that closed escrow in 45 days,” Lefko said. The property consists of two retail buildings totaling 13,308 square feet on 1.05 acres. It is located at 635‑695 West Silver Spring Drive and 5575‑5595 North Port Washington Road in Glendale, Wisconsin, and was 100% occupied at the time of the sale.
