 |
| Amy Sands |
CHICAGO, IL – JLL Capital Markets announced it has closed the $19 million sale of Pick ‘N Save Center, a 69,749-square-foot, fully leased shopping center anchored by Pick ‘N Save in the Milwaukee community of Wauwatosa, Wisconsin.
JLL
marketed the property on behalf of the seller, a partnership between Newport
Capital Partners and Artemis.
 |
| Clinton Mitchell |
Completed
in 2008 and 2012, Pick ‘N Save Center is anchored by Pick ‘N Save, the No. 1
grocery by market share in Wisconsin and a subsidiary of Kroger.
The center comprises three single-story
retail buildings that are also home to Mattress Firm, Firehouse Subs and Bubon
Orthodontics.
Situated
on 5.24 acres at the southwest corner of Interstate 41/45 and Mayfair Road, the
center is in Wauwatosa, which is part of the Milwaukee metropolitan area.
Pick
‘N Save Center pulls from an extended trade area where 46 percent of customers
travel more than three miles to visit the property.
 |
| Jaime Fink |
The
JLL Retail Capital Markets team that represented the seller was led by Managing
Directors Clinton Mitchell and Amy Sands and Director Michael
Nieder, along with Senior Managing Director Jaime Fink.
JLL
Capital Markets is a full-service global provider of capital solutions for real
estate investors and occupiers.
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment sales advisory, debt placement, equity placement or a
recapitalization.
 |
| Jaime Fink |
For
more news, videos and research resources on JLL, please visit our newsroom.
About Newport Capital Partners
Newport
Capital Partners (“Newport”) is a leading vertically integrated real estate
investment management firm that specializes in the acquisition and management
of neighborhood and community retail shopping centers.
Formed
in 2004, Newport has offices in Chicago, Illinois, and Dallas, Texas. The
firm is a Registered Investment Adviser and a certified Service-Disabled Veteran
Owned Business.
 |
| Pick ‘N Save Center, a 69,749-square-foot, fully leased shopping center anchored by Pick ‘N Save in the Milwaukee community of Wauwatosa, WI |
As
a trusted fiduciary, Newport has sponsored and managed various investment
vehicles including commingled funds, separate accounts, and takeover mandates
on behalf of institutional investors, financial institutions and family
offices.
CONTACT:
Kimberly
Steele
JLL Manager, Public Relations
Phone: +1
713 852 3420
Email: Kimberly.Steele@am.jll.com
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