BROOKFIELD, WI-An independent subsidiary of Cargill Inc. of Minneapolis will own 80% of The Corners of Brookfield mixed-use project here.
CarVal Investors' stake in the project was revealed at a public meeting in Brookfield on Wednesday night, according to the Milwaukee Business Journal. M&J Wilkow Ltd., a Chicago real estate firm, will own 10% and be responsible or day-to-day management of the center once its in operation. The remaining 10% will be owned by Milwaukee-based Marcus Corp., which is developing the project.
The $125-million project will feature 240,000 square feet of retail and restaurant space, 150 apartments, and a 140,000-square-foot Von Maur department store. The project is to be located at West Blue Mound Road at a site that includes a vacant Marcus movie theater and a vacant Menards. See story in the Milwaukee Business Journal.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
