chi-BrookfieldFashionCenter (2) Built in 1986, Brookfield Fashion Center has retained several original tenants over the past three decades.

CHICAGO, MILWAUKEE—A partnership formed by commercial mortgage lending specialist Innovative Capital Advisors and Chicago-based HSA Commercial Real Estate, has just completed the acquisition of the 217,346-square-foot Brookfield Fashion Center in Brookfield, WI, a Milwaukee suburb. Stein Mart, Jo-Ann Fabrics, Pier 1 Imports and Ulta Beauty anchor the regional shopping center, located on Bluemound Rd. just west of Brookfield Square Mall. Built in 1986, the center has retained several original tenants over the past three decades, including Dress Barn, LensCrafters and Pier 1 Imports. Tenants occupy 97% of the center. 

“The positive attributes of this property are plain to see – the tremendous trade area demographics, the sizeable frontage on Bluemound Rd. and the stability of the tenancy,” says Tim Blum, executive vice president of retail development with HSA. “But what was probably most compelling to us was the opportunity to reinvigorate the tenant mix, and our hope is that through our expertise in project merchandising and design, we can help the Brookfield Fashion Center realize its full potential as a regional shopping destination for the benefit of the shoppers and residents throughout the Milwaukee area.”

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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