Wangard Partners, Inc. has acquired the new Class-A multifamily community Glacier Valley at Reston Heights in Madison, Wisconsin. This is the company’s first apartment acquisition in the Madison market.
Wangard Partners and its investment group targeted the Madison market as a result of its strong economic and demographic trends. Glacier Valley is a 158-unit, five-building community located on Madison’s east side.
The site provides access to Door Creek Park, contains green space and is within a short drive of grocery stores, shopping centers and eastside office parks.
Wangard Partners will manage the property, and has hired Brody Wachter, who has managed the property since its completion in 2012. NAI MLG Commercial’s Tim Janusz and Brett Garceau partnered with Wangard Partners and helped facilitate this transaction.
Breakwater Commercial had the exclusive listing on the Glacier Valley apartment community and secured Wangard Partners as the buyer.