Coldwell Banker Commercial McGuire Mears & Associates Helps Riley Capital Partners LLC Become DTBD Property Owner and Landlord
Coldwell Banker Commercial McGuire Mears & Associates represented the ownership company in two transactions in which a combined 42,284 SF of event space was sold in Janesville, WI.
Coldwell Banker Commercial McGuire Mears & Associates represented the ownership group in a transaction in which a 62-month lease at 1750 Putman Pkwy in Milton, WI was attained.
Former college satellite location redeveloped into wellness center
Coldwell Banker Commercial McGuire Mears & Associates represented both sides in a two-part sale that turned a former supermarket into a new Kwik Trip on Janesville's east side.
Coldwell Banker Commercial McGuire Mears & Associates represented both sides in the 6.52% cap rate transaction transferring ownership of the building located at 2747 Milwaukee Rd in Beloit.
Computers Nationwide approached Coldwell Banker Commercial McGuire Mears & Associates in late 2019 to help with their search for a new office space. Specifically, they were looking for a more central location for their employees; their labor force hails from southeastern Wisconsin down into northern Illinois. Moreover, the owner requested that the acquisition costs remain under one million dollars and for a prospective building to provide rental income that would help offset their debt service.
What Will Drive The Recovery of Commercial Real Estate Markets in 2021? 2020 has been an unprecedented year, with COVID-19 impacting nearly every industry across the country, including commercial real estate. Shutdowns due to the coronavirus pandemic caused a large portion of employees to work from home for much of the year. As the economy stalled, many businesses and property owners found themselves negotiating with both tenants and lenders on rent relief and loan modifications. While the pandemic accelerated trends that were already taking place in retail, it upended the strong momentum in the office and hospitality sectors, as well as urban markets. These trends will likely continue in 2021 and reshape what buyers, owners, tenants, and residents may ultimately want to occupy.
Janesville, WI (March 22, 2021) – Adam Shultz of Coldwell Banker Commercial McGuire Mears & Associates has been named as one of Coldwell Banker Commercial’s 3 Under 30 for 2020. Shultz was recognized as a young commercial real estate professional who is making strides in the industry by understanding the importance of building strong customer and community relationships.
Gates Auto needed to find a new facility where they could open one of the largest indoor car showrooms in the Midwest. Given that Wisconsin is a cold weather state for roughly half the year, the ability to bring the car buying process almost completely indoors is a game-changer, both protecting the vehicles and shielding the customers from frigid Wisconsin winters.
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