Mid-America Real Estate Corporation’s investment sales group recently brokered the sale of Shoppers World of Brookfield, a 100% leased, 178,784-square-foot community center anchored by Ross Dress for Less, Burlington, Xperience Fitness and a new Best Buy Outlet in the west suburban Milwaukee suburb of Brookfield, Wisconsin.
Shoppers World is shadow-anchored by Metro Market, which provides a significant grocery draw to the property, and also features O’Reilly Auto Parts and Leslie’s Pool Supplies. The center is positioned at the heavily trafficked corner of Capitol Drive and 124th Street and directly west of a full interchange with I-41/U.S. 45, easily accessible to the Brookfield and Wauwatosa communities.
Shoppers World is located in the Mayfair regional trade area and less than two miles north of Mayfair Mall, Wisconsin’s top-performing enclosed regional mall.
PMAT bought the center at 78% occupancy in 2019 and stabilized the property for disposition in less than four years.
Mid-America Real Estate Corporation Principal/Managing Broker Ben Wineman and Vice President Emily Gadomski, in cooperation with Mid-America Real Estate – Wisconsin, LLC Principal Dan Rosenfeld, were the exclusive brokers in the transaction on behalf of an affiliate of New Orleans-based private investment firm PMAT. The buyer was a private investor in a 1031 exchange represented by Brandon Goodman, Spencer Strong, Sage Shepard and Nate Monson in the Salt Lake City, Utah, office of Colliers International.