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East Town Plaza SOLD

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East Town Plaza SOLD Powered By Docstoc
					700 North Water Street      Milwaukee, WI 53202       T 414.225.9700      F 414.225.9070       www.sg-re.com




                                                                                                               MILWAUKEE
                                                                                                                MADISON
                                                                                                                CHICAGO

FOR IMMEDIATE RELEASE
Contact:
Anthony Stich, Marketing Manager
700 N Water Street, Suite 400
Milwaukee, WI 53202
414-225-9700
tstich@sg-re.com

         East town Plaza sold to MonroE InvEstMEnt PartnErs
Milwaukee, Wisconsin, June 9, 2010—East Town Plaza, a 24,000 square foot shopping center located

at the corner of Farwell Avenue and Brady Street on Milwaukee’s East Side, sold to Chicago-based

Monroe Investment Partners. Siegel-Gallagher was retained by Greystone & Co. of NYC to manage

and sell the strip center after they took back the property in November. East Town Plaza is over

90% occupied with Walgreens as the major anchor and six other stable tenants including Subway,

Supercuts, and Universal Wireless.

“Interest in the asset was very strong, testifying to the continued demand for quality assets in excellent

locations in spite of the economic downturn,” said Patrick Gallagher who managed the sale for Siegel-

Gallagher. Monroe Investment Partners’ initial plans include cosmetic upgrades to the property.

Siegel-Gallagher ONCOR International is a full-service commercial real estate firm with offices in

Milwaukee, Madison, and Chicago. We offer a full range of real estate services including commercial

brokerage of multi-family, office, industrial and retail properties, tenant services, asset management

and advisory services, property and facility management, and construction services.

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posted:6/15/2010
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Description: Prominent East Side retail complex sold