Search
 

Opus Sells 47,000-SF Shoppes at Fox River

WAUKESHA, WI-Ramco-Gershenson acquires phase II of the retail center, adding it to the first phase the Detroit-area REIT bought in 2010.

By Chip Barnett | Updated on December 18, 2012

WAUKESHA, WI-Opus Development Corp. closed the sale on phase II of The Shoppes at Fox River retail center and an adjoining 12.2 acres of land on Sunset Dr. Ramco-Gershenson Properties Trust, based in Farmington Hills, MI, bought the property and land in this Milwaukee suburb from Opus for an undisclosed price.

The second phase of the center broke ground in May at 1200 Sunset Dr., and consists of 47,000 square feet of retail space on six acres. The Shoppes at Fox River is a redevelopment of a former Supervalu distribution facility. In 2010, Ramco-Gershenson bought the 135,560-square-foot first phase of the shopping center, which is 100% leased.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.