Bradley Square, 7919-7961 North 76th Street, Milwaukee, WI
MILWAUKEE, WI—Great Neck, NY-based Gorjian Acquisitions has purchased two retail and office properties, the Bradley Square professional services and medical center and Teutonia Square neighborhood shopping strip mall, both in Milwaukee, WI.
“These latest acquisitions bring our national ownership interest portfolio to 60 properties totaling 7 million square feet. These deals were completed as all-cash transactions,” says Joel J. Gorjian, a national real estate investor and president and CEO of Gorjian. “We have acquired 27 properties across the United States in the last 12 months and are currently pursuing additional opportunities in the Midwest, Southwest, Southeast, and Northeast.”
The two Milwaukee properties were acquired as a portfolio from a private seller. The freestanding, 19,545-square foot Bradley Square, 7919-7961 North 76th Street, houses medical and professional services offices, including a State Farm insurance office, a podiatry office, a senior day care, and a mortgage office. The building is 86% occupied and located near a busy intersection of North 76th Street and West Bradley Road. Gorjian will market the vacancy to local and national service tenants, particularly those targeting the local demographics.
The 100% occupied, 8,303-square foot Teutonia Square strip mall at 7311-7321 North Teutonia Avenue is situated north of West Good Hope Road, at the Southwest corner of Teutonia and West Clinton Avenues in Milwaukee's Tripou Park section, between popular Brown Deer and University Club of Milwaukee golf courses and parks.
Correction, 1/2/2019, 2:08 p.m.: Because of an error in the release provided to GlobeSt.com, the quote from Joel J. Gorjian was rendered incorrectly in an earlier version of this story. The correct quote is “These deals were completed as all-cash transactions,” says Joel J. Gorjian, not “The four deals…”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
