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Luther Group Acquires Industrial Asset From Five Leaf LLC In New Berlin For $15.3M

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SOLD
$15,300,000

Wisconsin

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Industrial171,506 SF
Sold 12/18/2025
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SOLD

Luther Group Acquires Industrial Asset From Five Leaf LLC In New Berlin For $15.3M

16555 West Stratton Drive

See Similar Deals
Industrial171,506 SF
Sold 12/18/2025

Summary

WISCONSIN
Asset Type:Industrial
Price Per Square Foot:$89
Total Square Footage:171,506 SF
Transaction Type:Sale

An industrial property located at 16555 West Stratton Drive in New Berlin, WI, was sold for $15,300,000. The asset spans a total of 171,506 square feet, translating to a price per square foot of approximately $89.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $15,300,000
  • Buyer: Luther Group
  • Seller: Five Leaf LLC
  • Date of Sale: 12/18/2025
  • Market: New Berlin, WI
  • Square Footage: 171,506
  • Price Per Square Foot: $89

Luther Group LLC acquired the industrial property from Five Leaf LLC. This transaction reflects Luther Group's continued expansion of its substantial industrial portfolio in Milwaukee, with future plans for additional acquisitions supported by raised funds.

Players

BUYER

Details

SOLD
IMAGE: 12/18/2025 ADDRESS: 16555 West Stratton Drive MARKET: New Berlin, WI ASSET TYPE: Industrial BUYER: Luther Group SELLER: Five Leaf LLC SALE PRICE: $15,300,000 SF: 171,506 ~ PPSF: $89 NOTE: Luther Group LLC affiliate bought an 171,506 sq ft Berlin industrial building for $18.5M, up from $15.3M paid by Five Leaf LLC in 2024. The deal expands Luther Group’s industrial portfolio, which is among the largest in Milwaukee, as the firm plans to raise additional funds for future acquisitions.

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