Mid-America Real Estate Corporation’s Investment Sales Group recently brokered the sale of Shoppers World of Brookfield. The 100% leased, 178,784-square-foot community center anchored by Ross Dress for Less, Burlington, Xperience Fitness, and a new Best Buy Outlet is located in the Milwaukee suburb of Brookfield, WI.
Managing broker Ben Wineman and VP Emily Gadomski, in cooperation with Mid-America Real Estate – Wisconsin’s Dan Rosenfeld, were the exclusive brokers on behalf of an affiliate of PMAT, a New Orleans-based private investment firm. PMAT bought the center at 78% occupancy in 2019 and stabilized the property for disposition in less than four years.
The purchaser was a private investor in a 1031 exchange represented by Brandon Goodman, Spencer Strong, Sage Shepard and Nate Monson in the Salt Lake City office of Colliers. Terms of the sale weren’t disclosed.
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