{"id":1004624588,"date":"2022-11-11T04:19:05","date_gmt":"2022-11-11T12:19:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004624588"},"modified":"2022-12-08T19:11:43","modified_gmt":"2022-12-09T03:11:43","slug":"pmat-sells-milwaukee-area-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pmat-sells-milwaukee-area-retail-asset\/","title":{"rendered":"PMAT Sells Milwaukee-Area Retail Asset"},"content":{"rendered":"
\"Shoppers<\/a>

Shoppers World. Image courtesy of Mid-America Real Estate Corp.<\/p><\/div>\n

New Orleans-based PMAT Cos. <\/strong>has sold Shoppers World of Brookfield, a fully leased, 178,784-square-foot retail center in the Milwaukee suburb of Brookfield, Wis.<\/p>\n

Mid-America Real Estate Corp. <\/strong>brokered the deal on behalf of the seller, while Colliers <\/strong>represented the buyer, a private investor who acquired the asset in a 1031 exchange.<\/p>\n

Built in 1963 on a 17.5-acre site, the property is shadow-anchored by Metro Market. The center\u2019s tenant roster also includes Ross Dress for Less, Burlington, Xperience Fitness, Best Buy Outlet, O\u2019Reilly Auto Parts and Leslie\u2019s Pool Supplies, among others.<\/p>\n

PMAT bought the asset in 2019, at 78 percent occupancy, and stabilized it for disposition in less than four years. Despite inflation headwinds, decreased spending power and consumer confidence, retail fundamentals remained solid<\/a> this year.<\/p>\n

An easily accessible shopping destination<\/h2>\n

Located at 12575 W. Capitol Drive, Shoppers World is a highly transited shopping destination serving the residents of the Brookfield and Wauwatosa, Wis., communities. Situated just west of Interstate 41, the retail center sees a daily car traffic of approximately 70,000 vehicles. Additionally, the property is located in the Mayfair regional trade area, less than 2 miles north of Wisconsin\u2019s regional Mayfair Mall.<\/p>\n

The Mid-America Real Estate team representing the seller was led by Principal & Managing Broker Ben Wineman, Vice President Emily Gadomski and Principal Dan Rosenfeld.<\/p>\n

Colliers Executive Vice President Brandon Goodman, Senior Associate Spencer Strong, Associate Sage Shepard and Vice President Nate Monson represented the buyer in the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

The fully leased property traded in a 1031 exchange. <\/p>\n","protected":false},"author":3030,"featured_media":1004624593,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,13,21742,21749],"tags":[33536,35498,35626,36646],"class_list":["post-1004624588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midwest","category-latest","category-retail","tag-1031-exchange","tag-colliers","tag-kroger-company","tag-mid-america-real-estate-corporation"],"acf":[],"yoast_head":"\nPMAT Sells Milwaukee-Area Retail Asset - CPE<\/title>\n<meta name=\"description\" content=\"PMAT Cos. has sold Shoppers World of Brookfield, a fully leased, 178,784-square-foot retail center in Milwaukee suburb of Brookfield, Wis.\" \/>\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\/pmat-sells-milwaukee-area-retail-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PMAT Sells Milwaukee-Area Retail Asset\" \/>\n<meta property=\"og:description\" content=\"PMAT Cos. has sold Shoppers World of Brookfield, a fully leased, 178,784-square-foot retail center in Milwaukee suburb of Brookfield, Wis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pmat-sells-milwaukee-area-retail-asset\/\" \/>\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=\"2022-11-11T12:19:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:11:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Shoppers-World.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Raluca Toma\" \/>\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\/pmat-sells-milwaukee-area-retail-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/pmat-sells-milwaukee-area-retail-asset\/\",\"name\":\"PMAT Sells Milwaukee-Area Retail Asset - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pmat-sells-milwaukee-area-retail-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pmat-sells-milwaukee-area-retail-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Shoppers-World.jpg\",\"datePublished\":\"2022-11-11T12:19:05+00:00\",\"dateModified\":\"2022-12-09T03:11:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e908d9381f3929d1d57f95e4db8c529\"},\"description\":\"PMAT Cos. has sold Shoppers World of Brookfield, a fully leased, 178,784-square-foot retail center in Milwaukee suburb of Brookfield, Wis.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pmat-sells-milwaukee-area-retail-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/pmat-sells-milwaukee-area-retail-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/pmat-sells-milwaukee-area-retail-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Shoppers-World.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Shoppers-World.jpg\",\"width\":1200,\"height\":900,\"caption\":\"Mid-America also brokered the transaction of Shoppers World of Brookfield, a fully leased, 178,784-square-foot retail center in the Milwaukee suburb of Brookfield, Wis. 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