31
Aug2011
The Dickman Company, Inc./CORFAC International has brokered the sale of the Glendale Business Center, Glendale, Wisconsin
SELLER: Glendale Business Center, LLC
BUYER: Hakaduli Properties, LLC
ADDRESS: Glendale Business Center, 6575-6693 North Sidney Place, Glendale, WI
SIZE: 3 buildings, 104,400 SF
BROKER: Brian S Parrish, MBA represented the Buyer and Seller in the transaction.
SALE PRICE: $3,635,000The Glendale Business Center is a thriving industrial flex center in the heart of Glendale, with convenient access to I-43, flexible leasing options and attractive leasing incentives for tenants.The buyers were local investors who acquired the asset because of its
“good location, physical attributes, stabilized occupancy and tenant mix. We also have confidence in Dickman being able to continue to maintain high occupancy based on their current performance with the property in today's soft market.”The Buyer obtained attractive long-term financing from Brandon Strong of
Grandbridge Real Estate Capital.
MRED Management, Inc. will handle the property management services and
The Dickman Company, Inc./CORFAC International will handle the leasing for the
Glendale Business Center.Ann YoungThe Dickman Company, Inc.CORFAC International626 E. Wisconsin Ave., #1020Milwaukee, WI 53202414-271-6100 phone414-271-5125 fax
www.dickmanrealestate.com
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