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Marcus & Millichap Sells Grocery-Anchored Property in WI

Marcus & Millichap Sells Grocery-Anchored WI Property

Marcus & Millichap announced the sale of a 112,010-square foot grocery anchored multi-tenant retail property located in Waukesha, Wisconsin. The asset sold for $14.9 million with a CMBS loan placed on the acquisition.

Senior Managing Directors, Austin Weisenbeck and Sean Sharko, as well as Associate Marc Sitzer, all investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company with overseas decision makers.

The team procured multiple offers and secured and represented the buyer, a Michigan-based limited liability company. Regional Manager Todd Lindblom assisted in closing this transaction.

Located at 601-921 Meadowbrook Road, the property is anchored by Sendek’s Grocery Store. Seven of the tenants have remained at the property for over a decade, ensuring stability and loyalty. Notable occupants include Walgreens, McDonald’s, and Cost Cutters, who have been present for over two decades.


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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.