An affiliate of Deerfield, Illinois-based Oak Realty Group, Inc. has entered the Milwaukee industrial market by acquiring a 879,704-square-foot, 10-building industrial portfolio.
The property is located in the highly desirable airport submarket, and is situated adjacent to the southeast corner of Milwaukee’s General Mitchell International Airport, about 2.5 miles east of I-94.
The portfolio sits on nearly 57 acres of land containing 10 buildings ranging in size from 40,000 to 215,000 square feet. The buildings were constructed in phases through 2004 by a local Milwaukee developer. The current tenants include a mix of national, regional and local businesses.
ORG plans to add value to the property through upgrades and renovations to the buildings and related structures as well as working with several tenants who desire to expand within the park. ORG partnered with The Africk Family Office, which owns a diversified portfolio of multi-family, commercial and industrial real estate nationwide. The Mitchell Portfolio marks the partnership’s third acquisition together.
