181,692-square-foot building is occupied by a single-tenant
MILWAUKEE, WI, June 15, 2020 /Neptune100/ — SARA Investment Real Estate, a full-service commercial real estate investment firm, has closed on the purchase of the 7000 Calumet industrial building in Milwaukee, Wis. Located at 7000 W. Calumet Road, the 181,692-square-foot building is occupied by a single-tenant, TOTAL Mechanical, a comprehensive commercial and residential mechanical contractor that provides plumbing, electrical, HVAC, building automation, fire protection and metal fabrication services.
“Our team at SARA is excited to acquire another piece of quality real estate in the greater Milwaukee market,” said Christina Podoll Ballweg, Vice President of Investor Relations. “We believe industrial is a strong asset class, even in times of uncertainty, and an important allocation in a real estate investment portfolio.”
Brittany Nyenhuis, Director of Real Estate, Wisconsin, added, “This is another great example of what makes Milwaukee and its submarkets a great place to deploy capital. We have enjoyed building a quality relationship with TOTAL Mechanical throughout the acquisition process and look forward to a working with them for many years to come.” She added that the Calumet building is appealing because of the quality of the construction and its location in a thriving industrial submarket.
About SARA Investment Real Estate
With offices in Wisconsin, Minnesota and Missouri, SARA Investment Real Estate attains, develops, and manages high-quality properties throughout the Midwest. SARA builds successful partnerships with investors, tenants, financial partners, other developers and employees to complete and manage quality projects. The firm provides commercial real estate asset management solutions to select investors through a network of wealth management partners. Founded in 1997, SARA manages properties valued at more than $375 million.