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Southport & Indian Trail Plazas Kenosha WI

IPA Arranges $44M Sale of Kenosha Shopping Centers

Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged the sale of Southport Plaza and Indian Trail Plaza, two adjacent regional shopping centers comprising 407,367 square feet in Kenosha, WI. The assets sold for $43.5 million to a Florida-based high-net-worth private buyer. 

The IPA team marketed the property on behalf of the seller, a Chicago-based private equity firm. Craig Fuller, Scott Wiles and Erin Patton, IPA senior managing directors, led the sales team along with Jared Shapiro, associate. Todd Lindblom, vice president and regional manager, is IPA’s broker of record in Wisconsin. 

“Our team identified the buyer during the first week of marketing and ultimately awarded that investor the deal after a highly competitive open bidding process that involved several qualified purchasers and multiple rounds of offers,” said Fuller.  

The buyer, also represented by Fuller, Wiles, Patton and Shapiro, secured new permanent bank financing at 76% loan-to-value. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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