Long Island-Based Gorjian Acquisitions Stakes Out Milwaukee Investments

MILWAUKEE, WI—Great Neck, NY-based Gorjian Acquisitions has purchased two retail and office properties, the Bradley Square professional services and medical center and Teutonia Square neighborhood shopping strip mall, both in Milwaukee, WI.

“These latest acquisitions bring our national ownership interest portfolio to 60 properties totaling 7 million square feet. These deals were completed as all-cash transactions,” says Joel J. Gorjian, a national real estate investor and president and CEO of Gorjian. “We have acquired 27 properties across the United States in the last 12 months and are currently pursuing additional opportunities in the Midwest, Southwest, Southeast, and Northeast.”

The two Milwaukee properties were acquired as a portfolio from a private seller. The freestanding, 19,545-square foot Bradley Square, 7919-7961 North 76th Street, houses medical and professional services offices, including a State Farm insurance office, a podiatry office, a senior day care, and a mortgage office. The building is 86% occupied and located near a busy intersection of North 76th Street and West Bradley Road. Gorjian will market the vacancy to local and national service tenants, particularly those targeting the local demographics.

The 100% occupied, 8,303-square foot Teutonia Square strip mall at 7311-7321 North Teutonia Avenue is situated north of West Good Hope Road, at the Southwest corner of Teutonia and West Clinton Avenues in Milwaukee’s Tripou Park section, between popular Brown Deer and University Club of Milwaukee golf courses and parks.

Correction, 1/2/2019, 2:08 p.m.: Because of an error in the release provided to GlobeSt.com, the quote from Joel J. Gorjian was rendered incorrectly in an earlier version of this story. The correct quote is “These deals were completed as all-cash transactions,” says Joel J. Gorjian, not “The four deals…”