“The East Pointe Marketplace is an A++ quality urban grocery-anchored shopping center. The surrounding areas unmatched downtown resident population density, nearby Marquette University, and the ability to draw from Milwaukee’s daytime office population and downtown entertainment attractions make the property nearly impossible to replace,” said Westwood Financial Corp. Executive VP Joe Dykstra.
Built in 1994, East Pointe Marketplace has consistently remained at full occupancy and is 100 percent leased. In addition to Pick ‘N Save, national retailers account for 91 percent of the occupancy including Starbucks, Einstein Bagels, Sally Beauty, Noodles & Company, Guaranty Bank, UPS Store, Five Guys Burgers, Carriage Cleaners and Accelerated Health Systems.
The property was purchased from an affiliate of Northwestern Mutual, who was represented by Daniel Kaufman, Jim Batjer and Barry Brown of Holiday Fenoglio Fowler.