CRE Midwest

CenterPoint sells property in Germantown, Wisc. to Germantown Properties McCormick, LLC

CenterPoint Properties announced the disposition of W194 N11695 McCormick Drive, Germantown, Wisconsin to Germantown Properties McCormick, LLC.

CenterPoint Properties announced the disposition of W194 N11695 McCormick Drive, Germantown, Wisconsin to Germantown Properties McCormick, LLC. The property, located 19 miles northwest of Milwaukee, is situated on 5 acres with a 26,560 SF industrial facility on site. Curt Pitzen of NAI MLG Commercial represented Germantown Properties McCormick, while Bill Langhoff of Colliers represented CenterPoint in the transaction.

The industrial building features close proximity to major highways and the central business districts of Milwaukee, a 5,900 SF office, two exterior and one drive-in door, and parking for 58 cars.

“The disposition of the W194 N11695 McCormick Drive property is aligned with the advancement of CenterPoint’s strategy to dispose of assets that lack a multi-modal advantage,” said Nate Rexroth, Executive Vice President of CenterPoint. “We are confident that the property will serve Germantown Properties McCormick in their pursuit to expand their business operations in a key location with direct access to major highway interstates.”