Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Midwest  + Retail  | 
Marcus & Millichap arranged the sale of a fully leased shopping center in Hales Corner, WI

Sharko | Weisenbeck Team Closes Deal for 100% Leased Shopping Center 

Marcus & Millichap arranged the sale of a 37,219-square-foot retail property in Hales Corners, WI. The asset sold for $6,000,000. 

First VP Adrian Mendoza and SVPs Austin Weisenbeck and Sean R. Sharko, all of Marcus & Millichap’s Chicago Oak Brook office, marketed the property on behalf of the seller, a developer. The property was sold to a 1031 exchange buyer at 100% asking price with zero re-trades on price and terms.  

The buyer, a private investor, was secured by Mendoza, Weisenbeck and Sharko. Todd Lindblom, Wisconsin broker of record, assisted in closing this transaction. 

The 100% occupied multi-tenant shopping center anchored by Dollar Tree and Health Hut is located at 5602 S. 108th St. in Hales Corners. The retail center is shadow anchored by Festival Foods, a dominant regional grocer in Wisconsin with 38 locations. It has value-add opportunity and replaceable rents on multiple tenants. 

Connect

Inside The Story

Marcus & Millichap's Sharko | Weisenbeck Team

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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