Mid-America Real Estate Corporation’s Investment Sales Group recently facilitated the sale of Silvernail Plaza, a highly sought-after shopping center in the western suburbs of Milwaukee. The property boasts a desirable mix of tenants including a prominent regional grocery store, discount retail shops, restaurants and other services. Essential Growth Properties acquired the 116,135-square-foot center from seller United Properties.
The transaction was exclusively brokered by Mid-America Principals Rick Drogosz and Dan Rosenfeld, along with Senior Vice President & Principal Scott Satula. Silvernail Plaza is considered one of the top retail destinations for residents in Pewaukee and Waukesha communities due to its dominant presence in the area. With over 62% leased by credit-worthy tenants such as Metro Market and Dollar Tree, investors can expect stable cash flows from this property. Other notable tenants included Wendy’s Arby’s,and Firestone (included in sale). Metro Market is widely recognized as one of Wisconsin’s most popular grocery chains.
This recent deal marks another successful transaction for Mid-America Real Estate Corporation’s Investment Sales Group who continues to be an expert leader within Wisconsin’s commercial real estate market.
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