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| Amy Sands |
CHICAGO, IL – JLL Capital Markets has closed the $15.15 million sale of Whitnall Square, a 133,421-square-foot shopping center anchored by Pick ‘N Save in the Milwaukee-area community of Saint Francis, Wisconsin.
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| Clinton Mitchell |
The JLL Retail Capital Markets Investment Sales
Advisory team representing the seller was led by Managing Directors Amy
Sands and Clinton Mitchell and Director Michael Nieder, along
with Senior Managing Director Jaime Fink.
Constructed between 1989 and 1991, Whitnall
Square is anchored by a high-performing Pick ‘N Save, the largest supermarket
chain in Wisconsin, which recently demonstrated its commitment to the property
by extending its lease through 2034.
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| Michael Nieder |
Additionally, the 14.17-acre site has room for a future outparcel
development.
Whitnall Square is at 4698 S. Whitnall Ave. in
Saint Francis, which is seven miles southeast of downtown Milwaukee and
proximate to Interstate 794, facilitating easy access to the center.
The center pulls from a dense, infill trade area
with a population of 211,000 and an average annual household income of $65,000
within a five-mile radius.
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| Jaime Fink |
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment sales and advisory, debt advisory, equity advisory or a
recapitalization.
The firm has more than 3,000 Capital Markets
specialists worldwide with offices in nearly 50 countries.
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JLL, please visit our newsroom.
CONTACT:
Kimberly
Steele
PR, Capital Markets,
Agency Leasing
and Valuation Advisory
JLL
T
+1 713 852 3420
M
+1 832 244 9994
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