Press Release
CBRE ARRANGES SALE OF 181,900 SF INDUSTRIAL PROPERTY IN WAUKESHA, WISCONSIN
August 23, 2021
Media Contact
Corporate Communications, Midwest
Waukesha, Wis. – Aug. 23, 2021 – CBRE announced today that it has arranged the sale of 1717 and 1718 Pearl Street, a single-tenant, Class B industrial property totaling 181,900-square-feet in Waukesha, Wisconsin. An entity related to Minneapolis-based SR Realty Trust, Inc., purchased the property from J.T. Jacobus & Associates Inc., for an undisclosed amount.
CBRE’s Patrick Gallagher and Matson Holbrook represented the seller in the transaction.
“SR Realty Trust saw significant value in the net-leased property and made a strategic purchase,” said Gallagher. “The strength of the submarket’s fundamentals will bode well for the investment over the long term.”
Constructed in the 1990s, the property is located in the Waukesha Southwest submarket near Interstate 94 and features 26’ clear height, 26 loading docks and two drive-in doors. It has been 100% occupied by ODW Logistics since 2007.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.