Essential Growth Properties Acquires Silvernail Plaza In Pewaukee For $16.4M

The property at 2100 Silvernail Road, located in Pewaukee, Wisconsin, was recently involved in a transaction. The asset, known as Silvernail Plaza, is a 116,135-square-foot retail center. Essential Growth Properties acquired this grocery-anchored shopping center for $16.4 million from United Properties. The market value for this property was $141 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $16,400,000
• Buyer: Nicholas Hodge - Essential Growth Properties
• Seller: Matt Van Slooten - United Properties
• Brokers: Dan Rosenfeld, Rick Drogosz & Scott Satula - Mid-America Real Estate Group
• Square Footage: 116,135
• Market: Pewaukee, Wisconsin

The transaction was facilitated by the brokers Dan Rosenfeld, Rick Drogosz, and Scott Satula from Mid-America Real Estate Group. United Properties, the seller, engaged in the deal, selling the partially leased retail center that caters to the Milwaukee suburbs. Essential Growth Properties, led by Nicholas Hodge, made the purchase as part of their strategic investment in the retail sector.