Home Industries Real Estate Tenant purchases Brookfield office building for $5.5 million

Tenant purchases Brookfield office building for $5.5 million

20925 Crossroads Circle. Image from Google Maps

A 60,000-square-foot office building in the Crossroads Corporate Center office park in the Town of Brookfield was acquired by its tenant for $5.5 million, according to state records. State records indicate that the building, which was built in 1992, was sold by an affiliate of Milwaukee-based Zilber Property Group. The building, located at 20925 Crossroads

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Hunter covers commercial and residential real estate for BizTimes. He previously wrote for the Waukesha Freeman and Milwaukee Journal Sentinel. A graduate of UW-Milwaukee, with a degree in journalism and urban studies, he was news editor of the UWM Post. He has received awards from the Milwaukee Press Club and Wisconsin Newspaper Association. Hunter likes cooking, gardening and 2000s girly pop.
A 60,000-square-foot office building in the Crossroads Corporate Center office park in the Town of Brookfield was acquired by its tenant for $5.5 million, according to state records. State records indicate that the building, which was built in 1992, was sold by an affiliate of Milwaukee-based Zilber Property Group. The building, located at 20925 Crossroads Circle, was purchased by an affiliate of Georgia-based Immucor, a supplier of medical products. Immucor is the anchor tenant in the building, which is fully leased, according to Zilber Property Group's website. Immucor and Zilber did not immediately respond to request for comment on the deal. Crossroads Corporate Center is the same office park as a 115,000-square-foot office building that Kalmbach Media sold this summer to California-based packaging company Silgan Containers for $6.6 million. This spring, Drake & Associates, a Waukesha-based financial planning firm, announced plans to move its corporate headquarters to a 30,500-square-foot building, also in the office park, that it purchased for $1.85. The building had previously been acquired in a deed in lieu of foreclosure action.

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