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Horvath & Tremblay closes sale of two retail properties in Wisconsin

Horvath & Tremblay completed the sale of two retail properties in the Midwest for a total of $.5 million. Both sales took place in Wisconsin. Mark Heidecke of Horvath & Tremblay has successfully completed the sale of the New Berlin City Center in New Berlin, Wisconsin. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $4,200,000. The New Berlin City Center is located at 15155-15177 W National Avenue and 15160-15188 Library Lane in New Berlin, Wisconsin. The eleven-tenant center is 100% leased to a mix of national and local retailers and service providers and contains 20,286 rentable square feet on a 2.41-acre parcel. Ten of the eleven leases call for the tenants to reimburse their pro-rata share of real estate taxes, insurance and operating expenses and provide attractive rent increases in the primary lease terms and/or renewal options (if applicable). The Property is strategically situated within New Berlin City Center along W National Avenue, an established commercial corridor featuring a dense mix of national retailers, local businesses, restaurants and everyday service providers. The surrounding retail environment includes Target, Sendik’s Food Market, Pick ’n Save and additional shopping destinations, generating recurring consumer activity and reinforcing the area’s position as a convenient shopping hub. The Property also benefits from proximity to the New Berlin Industrial Park and the city’s broader manufacturing, distribution, logistics and professional employment base, which supports demand from both area residents and the local workforce. Regional connectivity is enhanced by W National Avenue, nearby Moorland Road and convenient access to Interstate 43 and Interstate 94, linking the site with Milwaukee, Waukesha and surrounding communities.

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Residents get first look at GM/JATCO site concepts that feature industrial use and housing

JANESVILLE — Residents got their first look Wednesday at three potential redevelopment concepts for the former General Motors and JATCO sites, offering different approaches to balancing industrial development, housing, commercial space and green space. The concepts, presented during a GM/JATCO redevelopment advisory board workshop, were developed by consulting firm Stantec using community feedback, market research and an assessment of environmental conditions at the sites. All three concepts include industrial uses on the former GM site — north of the Union Pacific tracks — where environmental contamination presents challenges for redevelopment, while exploring different ways to incorporate housing, retail and recreational space across the roughly 250-acre area. Concept A features a large industrial building of approximately 1.6 million square feet on the GM site, alongside smaller industrial and commercial uses. The JATCO site would include a mix of housing, neighborhood shops and walking trails, with potential space for a grocery store. Concept B takes a smaller-scale approach to industrial development, incorporating commercial and mixed-use buildings on the GM site. The JATCO site would focus more heavily on housing, walkable shops, services, a public plaza and biking and walking trails. Concept C envisions a mixed-use employment district with industrial sites for large