Cypress Equities Expands Property Management Portfolio
The 52-acre, 1.3 million-square-foot Bayshore Town Center is located in a suburb of Milwaukee and features retail, office and residential space.
By Jeff Hamann
Bayshore Town Center
Cypress Equities will handle property leasing and management services for Bayshore Town Center in Glendale, Wis., a suburb of Milwaukee. The 52-acre, open-air mixed-use development boasts 1.3 million square feet of retail, office and residential space. The change in management and leasing comes after the sale of Bayshore to AIG Global Real Estate Services.
Located at 5800 N. Bayshore Drive alongside the North-South Freeway, the complex features major retail tenants including Boston Store, Kohl’s, Apple, H&M, Old Navy and Trader Joe’s, along with a cinema and restaurants. Bayshore Town Center was previously known as the Bayshore Mall until a joint venture of Corrigan Holdings, Olshan Properties and Steiner & Associates redeveloped the shopping center in 2004 to include 113 housing units and office space.
Future expansion
Plans are in the works to add a number of new buildings at the former Sears department store which was demolished in October, according to Yardi Matrix. The project will include residential space and street-level retail.
“Together with Bayshore’s new owner, we recognize the need to create a destination that tenants, consumers, and the local community can be proud of,” said Chris Maguire, CEO of Cypress Equities, in a prepared statement.
Image courtesy of Yardi Matrix
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