HFF named to market sale of Milwaukee, WI Pick ‘n Save grocery-anchored center

CHICAGO, IL – HFF announced today that it has been named to market the sale of East Pointe Marketplace (top left photo), a 57,888-square-foot, Pick ‘n Save grocery-anchored shopping center in Milwaukee, Wisconsin.

                HFF is marketing the property on behalf of the seller, a joint venture between Milwaukee based Northwestern Mutual and Mandel Group.  The asset is listed without a formal asking price free and clear of existing debt. 

East Pointe Marketplace is located at 605 East Lyon Street in downtown Milwaukee.  The fully leased property is anchored by Pick ‘n Save, which is Milwaukee’s dominant grocer by market share.  Additional tenants at the center include Starbucks, Einstein Bros. Bagels, Noodles & Co. and Five Guys. 

                The HFF investment sales team representing the seller is led by director Daniel Kaufman (middle right photo) and associate director Amy Sands (lower left photo) in the Chicago office, and senior managing directors Jim Batjer and Barry Brown in the firm’s Dallas office.

 “Pick ‘n Save is Milwaukee’s absolute market dominant grocer with more than 45 percent market share,” said Kaufman.  “The center has been institutionally owned and has been downtown Milwaukee’s dominant grocery anchored community center since completion.” 

                “East Pointe will command significant interest from the investor community given the center’s dominant positioning at the center of Milwaukee’s thriving downtown residential, student and daytime office population base,” added Sands.

          

                Mandel Group, Inc. is a national award-winning builder and developer headquartered in Milwaukee.  Founded in 1991, the group has transacted more than $800 million of residential and commercial developments and acquisitions.  It provides integrated real estate services with operations in development, construction and property management, and currently operates approximately 4,000 residential units.  www.mandelgroup.com 

  

For a complete copy of the company’s news release, please contact:

KRISTEN M. MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com