NKF arranged the nearly $15-million portfolio sale of four strategically positioned neighborhood retail centers in the Milwaukee metro area. The 97,259-square-foot portfolio consists of Harvard Square and Northfield Shopping Center in Brookfield, Lincoln Plaza in West Allis, and Mitchell Bank Plaza in New Berlin, WI.

Managing directors Kevin Schmoldt and Brian Vanevenhoven, CRRP, represented the sellers, which comprised various entities associated with William V. Reilly and Leon Joseph.

“These are all well-maintained shopping centers, each with a desirable tenant mix and proximity to high-traffic retail corridors,” commented Schmoldt. “It was a special opportunity to represent Mr. Reilly and Mr. Joseph in this sale, having also provided leasing services for them for nearly a decade.

“The buyer, an affiliate of Baceline Investments, is an out-of-state owner with existing property in Milwaukee and this acquisition was an opportunity to substantially increase the size of its portfolio in Wisconsin,” continued Schmoldt.

Pictured: Harvard Square in Brookfield, WI.

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