Mid-America Real Estate Corporation’s investment sales team brokered the sale of Brookfield Marketplace, a 90,374-square-foot Class-A grocery-anchored shopping center in Brookfield, Wisconsin.
Brookfield Marketplace features a mix of national credit and local tenants including Pick ‘n Save, Panera Bread, First Midwest Bank, U.S. Cellular, Allstate Insurance and Sylvan Learning.
Pick‘n Save is the dominant grocer in the greater Milwaukee area based on market share (34%) and a wholly owned subsidiary of The Kroger Co., the United States’ largest supermarket chain by revenues, the third-largest general retailer (behind Walmart and Costco) and the 18th largest company in the United States.
Mid-America Real Estate Corporation Principal Rick Drogosz, in cooperation with Principal Dan Rosenfeld, was the exclusive broker in the sale transaction for the sellers – General Capital Group and Thomson Companies. Jack Stead of Northstar REIS, Inc represented the buyer, Grocery Management Partners, LLC.
