United Properties Sells Milwaukee-Area Shopping Center ...Middle East

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Silvernail Plaza last traded in 2001. Image courtesy of Mid-America Real Estate Corp. Essential Growth Properties has purchased Silvernail Plaza, a 116,135-square-foot, grocery-anchored shopping center in Pewaukee, Wis. The asset changed hands for $16.4 million, as reported by BizTimes. United Properties sold the property in a transaction brokered by Mid-America Real Estate Corp. At the time of the sale, the retail center was 62 percent leased. The seller had acquired Silvernail Plaza for $9.4 million back in 2001, according to CommercialEdge data. In 2018, the property became subject to a $10.5 million loan provided by PNC Bank. READ ALSO: How Retail Properties Are Getting Greener Ser

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