Facilities transactions

The Milwaukee office of Wirestone, a digital professional services company based in California, is moving to new offices this month. The new 5,000-square-foot facility at N50 W13906 Overview Dr. in Menomonee Falls, near its former office at N50 W13936 Overview Dr. The larger office will accommodate current needs and future growth, said Tom Snyder, Wirestone vice president in charge of the office. Included with the new office are additional conference rooms, a training center, larger design and programing areas, a dedicated hosting and collocation facility, as well as expanded indoor and outdoor lounge and recreation areas. “Our lease was up on Oct. 1, and Kemp Development, our current landlord, offered us an early opportunity to move to this prime space in the same center, the Falls Business Park,” said Snyder.
Leases
The James T. Barry Co., Inc., has recently completed the following transactions:
Kevin Barry brokered the lease of 8,000 square feet of space at the Lafayette Business Plaza in Wauwatosa to Wingtip Tires.
David Buckley brokered the lease of 1,350 square feet of office space at Cramer Multhauf Building at 1601 E. Racine Ave. in Waukesha to Piette Law Firm.
David Buckley also brokered the lease of 3,810 square feet of the Cramer Multhauf Building in Waukesha to R&R Insurance. R&R will move a division of its business to the facility, which is adjacent to its headquarters.
Michael Hughes brokered the lease of 9,435 square feet of the RONK LLC building in Brookfield to Wrist Band Resources.
Michael Hughes also brokered the lease of 9,135 square feet of the Eagle Global Logistics building in Milwaukee to Unico Spray Products.
Steve Traudt and Ben Quinette brokered the sale of two acres located at Highway Y and Silvernail Road in Pewaukee to Dave Kramer and Ken Pelt.
David Buckley and Bill Sinsky, a broker with Siegel-Gallagher, co-brokered the lease of a 27,500-square-foot industrial facility at W194 N1660 Eagle Dr. in Jackson to ABC Supply from Paul Reilly. ABC Supply will establish a Washington County distribution facility out of the location.
NAI MLG Commercial has announced that IEA, Inc., has leased 24,480 square feet of space at 4134 E. Courtney in the Racine County Town of Raymond. NAI MLG’s Bob Gintoft represented the lessees, George and Sue Newell of IEA, and the lessor, Paul and Sue Ackerman Revocable Trust. IEA currently occupies half the building and exercised its option to lease the remaining 24,480 square feet.
NAI MLG Commercial has also announced that Repacorp Label Products has leased space in Franklin. NAI MLG brokers David Lange and Barry Chavin represented lessee Rick Heinl, president of Repacorp Label Products. Marc Schmidt and Matt Quest of S.M. Wangard represented owner Mike Dilworth. The new lease is at 11301 W. Forest Home Ave. The tenants now occupy the 35,540-square-foot building. The firm’s expansion came after a 52% increase in business last year.
NAI MLG announced that Pendleton Woolen Mills, represented by MLG broker Sean Osborne, has leased space in Harvard Square in Brookfield. The firm will occupy the 2,200-square-foot facility in early August.
NAI MLG has announced that R&M Manufacturing has leased space within the Renaissance Business Park in Sturtevant. NAI MLG brokers Tony Bareta, Curt Pitzen and Barry Chavin represented the lessor, Circle Investments II. R&M leased 9,307 square feet of space at 1671 Renaissance Blvd.
Property sales
Prudential Premier Properties of Kenosha recently brokered the sale of a 14,000-square-foot building in Kenosha. The building, at the intersection of Highway 50 and I-94, had been occupied by Marquette University. The buyers are National Petroleum and Global Energy, which have outgrown their current Kenosha offices. National is a distributor for seven oil companies supplying fuel to 65 gas stations in the Midwest. Global Energy operates and manages more than 150 gas stations. An acquisition of 141 stations by Global was scheduled to close in July, necessitating the expansion.
Pete Slezak of the James T. Barry Co. brokered the sale of the 138,000-square-foot Falk facility in Milwaukee to Hanson Enterprises of Arizona, LLC.
Slezak, along with Paul Povlick and Roger Siegel, brokers with The Polacheck Company, co-brokered the sale of a 126,000-square-foot industrial facility in Waukesha to V&L Tool.
Jim Young of the Barry Co. brokered the sale of the 22,000-square-foot Dashboards Plus facility in Hartland to Jack Dahlke.
Jim Young of the Barry Co. also brokered the sale of the 14,000-square-foot Waukesha Pattern facility in Waukesha to 3D Solutions.
V&L Tool has purchased the 126,000-square-foot industrial facility at 2021 MacArthur Rd., Waukesha, from EPCO of WI, LLP. Pete Slezak, a broker with the James T. Barry Co., represented the seller in the transaction while Paul Povlick and Roger Siegel of The Polacheck Co. represented the buyer. The buyer intends to use the building in its machine business. V&L had been a sub-tenant of the Huffy Co.
Owengroup, LLC, has purchased the 15,797-square-foot industrial and office building at 2525 Three Mile Rd., Caledonia, from PPI, LLC, according to David Buckley, the James T. Barry Co. broker who handled the transaction. The buyer intends to renovate the property for its use. The seller will distribute the proceeds among its partners to close out its real estate holdings in Wisconsin.
NAI MLG Commercial has announced the sale of 9.3 acres of land in Franklin to Greg Fax of MIE Acquisitions. MLG brokers David Lange, Tony Bareta and Barry Chavin represented the seller and buyer. MIE Acquisition plans to build two multi-tenant buildings totaling 90,000 square feet of light industrial space. They plan to market to smaller industrial businesses which would occupy 2,000- to 3,000-square-foot suites. A groundbreaking of early fall is being considered.
The Edgewood Center, a 16,900-square-foot retail/office building on 76th Street in Greenfield, , has been sold to Edgewood Center, LLC, according to Robert LeClaire, senior vice president of Wangard Partners, the listing and procuring broker. The new owners are planning many renovations, LeClaire said, including a completely remodeled lower level and new elevator.
Aug. 17, 2001 Small Business Times, Milwaukee