{"id":1004056583,"date":"2012-12-21T09:32:10","date_gmt":"2012-12-21T17:32:10","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=90660"},"modified":"2020-05-10T23:54:26","modified_gmt":"2020-05-11T07:54:26","slug":"ramco-gershenson-pays-10-4m-for-phase-2-of-waukesha-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ramco-gershenson-pays-10-4m-for-phase-2-of-waukesha-retail-center\/","title":{"rendered":"Ramco-Gershenson Pays $10.4M for Phase 2 of Waukesha Retail Center"},"content":{"rendered":"

\"\"<\/a>by Adriana Pop, Associate Editor <\/em><\/p>\n

In a $10.4 million deal, Ramco-Gershenson Properties Trust has acquired the second phase of The Shoppes at Fox River development in Waukesha from Opus Development Corp., the Business Journal<\/em><\/a> reports.<\/p>\n

The recently completed property features 47,000 square feet of retail space, as well as an adjoining 12.2-acre parcel. Tenants include T.J. Maxx, Ulta Salon and Cosmetics, Rue21 and Charming Charlie’s.<\/p>\n

In Dec. 2010, Ramco-Gershenson purchased the 273,000-square-foot first phase of the asset from Opus for $23.8 million. That portion of the property is 100 percent occupied; tenants include Pick ‘n Save, Petco, Buffalo Wild Wings, Noodles & Company, Dollar Tree and Famous Footwear. Stand-alone buildings occupied by Target, Chili’s and CVS were not part of the transaction.<\/p>\n

\u201cWe have a great relationship with Ramco-Gershenson Properties Trust and are happy to be working with them again,\u201d said Julie Ledger, vice president and general manager for Opus Development. \u201cThe success of each of the phases of this development is a testament to the strength of this retail center and the community of Waukesha and led to Ramco-Gershenson\u2019s desire to purchase our latest addition to the development.\u201d<\/p>\n

In other news, Baker Tilly Virchow Krause, LLP has completed its move from the Honey Creek Corporate Center on Milwaukee\u2019s west side to a new 68,000 square feet location in the US Bank Center downtown (pictured).<\/p>\n

The public accounting and consulting firm signed the lease for the new space at 777 E. Wisconsin Ave. in February and was represented by Steve Palec of Cresa. Baker Tilly\u2019s Milwaukee office currently employs about 225 people.<\/p>\n

\u201cOur move downtown has been greeted with much enthusiasm not only from our employees, but also from the community,\u201d Bill Wertz, Baker Tilly\u2019s Milwaukee office market leader, told BizTimes<\/em><\/a>. \u201cWe\u2019ve been overwhelmed by the warm welcome we are receiving from the US Bank building tenants and other downtown businesses.\u201d<\/p>\n

Photo credits: www.glasssteelandstone.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Ramco Gershenson Properties Trust has acquired the second phase of The Shoppes at Fox River development in Waukesha. Opus Development Corp. has sold the recently opened shopping center for $10.39 million, the Business Journal reports. The property features 47,000 square feet of retail space, as well as an adjoining 12.2 acres of land. T.J. Maxx, Ulta Salon and Cosmetics, Rue21 and Charming Charlie’s are among the mall’s tenants. In December 2010, Ramco also purchased the 273,000-square-foot first phase of the shopping center from Opus for $23.8 million. The space is 100 percent occupied and includes Pick ‘n Save, Petco, Buffalo Wild Wings, Noodles & Company, Dollar Tree and Famous Footwear as tenants. The sale did not include the Target, Chili’s and CVS buildings.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004056583","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nRamco-Gershenson Pays $10.4M for Phase 2 of Waukesha Retail Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ramco-gershenson-pays-10-4m-for-phase-2-of-waukesha-retail-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ramco-Gershenson Pays $10.4M for Phase 2 of Waukesha Retail Center\" \/>\n<meta property=\"og:description\" content=\"Ramco Gershenson Properties Trust has acquired the second phase of The Shoppes at Fox River development in Waukesha. Opus Development Corp. has sold the recently opened shopping center for $10.39 million, the Business Journal reports. The property features 47,000 square feet of retail space, as well as an adjoining 12.2 acres of land. T.J. Maxx, Ulta Salon and Cosmetics, Rue21 and Charming Charlie's are among the mall’s tenants. In December 2010, Ramco also purchased the 273,000-square-foot first phase of the shopping center from Opus for $23.8 million. The space is 100 percent occupied and includes Pick 'n Save, Petco, Buffalo Wild Wings, Noodles & Company, Dollar Tree and Famous Footwear as tenants. The sale did not include the Target, Chili's and CVS buildings.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ramco-gershenson-pays-10-4m-for-phase-2-of-waukesha-retail-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-12-21T17:32:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T07:54:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/US-Bank-Tower.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ramco-gershenson-pays-10-4m-for-phase-2-of-waukesha-retail-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ramco-gershenson-pays-10-4m-for-phase-2-of-waukesha-retail-center\/\",\"name\":\"Ramco-Gershenson Pays $10.4M for Phase 2 of Waukesha Retail Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ramco-gershenson-pays-10-4m-for-phase-2-of-waukesha-retail-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ramco-gershenson-pays-10-4m-for-phase-2-of-waukesha-retail-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/US-Bank-Tower.jpg\",\"datePublished\":\"2012-12-21T17:32:10+00:00\",\"dateModified\":\"2020-05-11T07:54:26+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ramco-gershenson-pays-10-4m-for-phase-2-of-waukesha-retail-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/ramco-gershenson-pays-10-4m-for-phase-2-of-waukesha-retail-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ramco-gershenson-pays-10-4m-for-phase-2-of-waukesha-retail-center\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/US-Bank-Tower.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/US-Bank-Tower.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ramco-gershenson-pays-10-4m-for-phase-2-of-waukesha-retail-center\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ramco-Gershenson Pays $10.4M for Phase 2 of Waukesha Retail Center\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad\",\"name\":\"Adriana Pop\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91\",\"caption\":\"Adriana Pop\"},\"description\":\"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. 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