Office v Wisconsin

CBRE sells three-building portfolio in Wisconsin, Pennsylvania

CBRE Capital Markets recently completed the sale of a three-building portfolio in Wisconsin and Pennsylvania. The portfolio is currently fully leased to a single tenant on long-term leases.

Judd Welliver, Ryan Watts, Sonja Dusil and Tom Holtz in CBRE’s Minneapolis office represented the seller, a Miami-based family office. The buyer is a joint venture between Brennan Investment Group LLC and a client of Arch Street Capital Advisors, LLC. The sale closed July 20.

The portfolio totals 500,081 square feet with buildings located in Appleton, Wisconsin, and Hazelton, Pennsylvania. Properties sold include:

• Appleton, Wisconsin, a two-building portfolio consisting of about 295,000 square feet on a 13.02-acre site

• Hazelton, Pennsylvania, a single building consisting of 205,320 square feet on an 11.63-acre site.