Home Industries Real Estate Shopping center in St. Francis sold for $15 million

Shopping center in St. Francis sold for $15 million

By
Cara Spoto
-
A Florida investor has purchased the Whitnall Square shopping center in Saint Francis for $15.15 million. (Photo courtesy of Loopnet)

A Florida investor has purchased the Whitnall Square shopping center in St. Francis for $15.15 million, according to state records. Located at 4698 S. Whitnall Ave., northeast of South Pennsylvania East Layton avenues, just off Interstate 794, the 133,421-square foot shopping center is situated on 14 acres of land, and currently houses several stores and

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Cara Spoto
Cara Spoto, former BizTimes Milwaukee reporter.

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A Florida investor has purchased the Whitnall Square shopping center in St. Francis for $15.15 million, according to state records. Located at 4698 S. Whitnall Ave., northeast of South Pennsylvania East Layton avenues, just off Interstate 794, the 133,421-square foot shopping center is situated on 14 acres of land, and currently houses several stores and businesses, including a Pick n’ Save, Harbor Freight Tools, Petco, and Planet Fitness. The building was constructed in 1989, and renovated in 2017, according to a Loopnet.com listing. The property has an assessed value of $10.2 million, according to Milwaukee County records. The building was sold by an affiliate of Chicago-based Newport Capital Partners and purchased by an affiliate of Miami-based Savitar Realty Advisors, according to state real estate records.

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