Home Subscriber Only Featured deal: East Side Whole Foods store

Featured deal: East Side Whole Foods store

By
Alex Zank
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The Whole Foods store on Milwaukee’s East Side has changed hands twice in the past five years, most recently selling for $23.5 million to a California-based real estate investment firm. It sold for $1.3 million more than when the seller first acquired the space more than four years ago in December 2016. Adam Connor of

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The Whole Foods store on Milwaukee’s East Side has changed hands twice in the past five years, most recently selling for $23.5 million to a California-based real estate investment firm.

It sold for $1.3 million more than when the seller first acquired the space more than four years ago in December 2016.

Adam Connor of Colliers International | Wisconsin, who represented the seller in the deal, said the gain in value was a reflection of the ongoing COVID-19 pandemic. He added that limited retail construction should continue to drive up pricing in the market.

“Demand for well-located, net lease assets remains strong as investors are focusing their money on essential businesses,” Connor said.

Address: 2305 N. Prospect Ave. Buyer: ExchangeRight Sellers: WACO LLC, WACO Santa Ana LLC Size: 58,375 square feet

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