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Florida investor buys Good Hope Road Pick ‘n Save building for $20 million

A Florida investor has purchased the Pick ‘n Save building at 7401 W. Good Hope Road in Milwaukee for $20 million. (Photo courtesy of Loopnet.com)

A Florida investor has purchased the Pick ‘n Save building at 7401 W. Good Hope Road in Milwaukee for $20 million. Miami-based L2 Partners purchased the 102,000-square-foot building, which sits on 10.74 acres, this week from a limited liability company affiliated with Milwaukee-based commercial real estate development firm Boulder Venture, state property transfer records state.

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Cara Spoto, former BizTimes Milwaukee reporter.
A Florida investor has purchased the Pick ‘n Save building at 7401 W. Good Hope Road in Milwaukee for $20 million. Miami-based L2 Partners purchased the 102,000-square-foot building, which sits on 10.74 acres, this week from a limited liability company affiliated with Milwaukee-based commercial real estate development firm Boulder Venture, state property transfer records state. The building was constructed in 2003, and updated by Kroger, which today operates all Pick ‘n Save stores, in 2017. Pick ‘n Save has had a store at the location since 2009. Boulder Venture had purchased both the Pick 'n Save building and an adjacent storefront into a Planet Fitness. It was not immediately clear on Friday what the status of that project is. L2 Partners owns a handful of retail developments in the Milwaukee area. Just last month it spent $17.2 million to buy the Brookfield Marketplace shopping center, located on a 15.5-acre site at 14870 W. Greenfield Ave., east of South Moorland Road.

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