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Core Acquisitions Buys Green Bay Plaza Retail Center From Anenberg Asset Management For $24.5M

Property Image
SOLD
$24,500,000
Kevin Fryman
Jeff Lefko
Bill Asher

Wisconsin

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Retail232,796 SF
Sold 12/10/2025
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Property Image
SOLD

Core Acquisitions Buys Green Bay Plaza Retail Center From Anenberg Asset Management For $24.5M

1481 1535 West Mason Street

See Similar Deals
Retail232,796 SF
Sold 12/10/2025
Kevin Fryman
Jeff Lefko
Bill Asher
the dealplayerscompscontact
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Summary

WISCONSIN
Asset Type:Retail
Price Per Square Foot:$105
Total Square Footage:232,796 SF
Transaction Type:Sale

The transaction involves a retail asset located at 1481-1535 West Mason Street in Green Bay, WI. It was sold for $24,500,000 and has a total square footage of 232,796. The property is significant in the market as it is 89% leased to major tenants including T.J. Maxx, HomeGoods, and Ross Dress for Less.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $24,500,000
  • Square Footage: 232,796
  • Address: 1481-1535 West Mason Street
  • Market: Green Bay, WI
  • Buyer: Core Acquisitions
  • Seller: Anenberg Asset Management
  • Brokers: Kevin Fryman, Bill Asher & Jeff Lefko - Hanley Investment Group

Hanley Investment Group Real Estate Advisors represented the seller, Anenberg Asset Management, in the deal. Core Acquisitions undertook its own representation for the transaction.

Players

Bill Asher
Hanley Investment Group
Bill Asher
90 deals$653.6M volume
BROKER
Kevin Fryman
Hanley Investment Group
Kevin Fryman
37 deals$539.7M volume(949) 585-7674
BROKER
Jeff Lefko
Hanley Investment Group
Jeff Lefko
88 deals$611.2M volume
BROKER

Details

SOLD
IMAGE: 12/10/2025 ADDRESS: 1481-1535 West Mason Street MARKET: Green Bay, WI ASSET TYPE: Retail BUYER: Core Acquisitions SELLER: Anenberg Asset Management BROKERS: Kevin Fryman, Bill Asher & Jeff Lefko - Hanley Investment Group SALE PRICE: $24,500,000 SF: 232,796 ~ PPSF: $105 NOTE: Hanley Investment Group Real Estate Advisors brokered the $25.4 million sale of Green Bay Plaza, a 232,796-square-foot shopping center near Lambeau Field, 89% leased to tenants like T.J. Maxx, HomeGoods, and Ross Dress for Less. The seller, Anenberg Asset Management, was represented by Hanley, while the buyer, Core Acquisitions, handled its own representation.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
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