Stan Johnson Company has completed the sale of a big-box retail property fully leased to Fleet Farm. The 218,628-square-foot store, accompanied by a 4,905-square-foot convenience store, is located 30 miles west of downtown Milwaukee at 1555 Pabst Farms Circle in Oconomowoc, Wisconsin.
Tom Fritz, Brandon Duff and Christina Pecoraro of Stan Johnson Company represented the seller, a developer from the Appleton/Green Bay, Wisconsin area. The property was purchased for $36.4 million by Minneapolis-based SR Realty Trust Inc.
The property was constructed in 2018 and is situated on nearly 20 acres along Interstate 94. The store sits within Pabst Farms, a 1,500-acre mixed-use development with phased construction. Upon completion, the community will offer residential, retail, office and healthcare space with 360 acres of parks and greenspace.
