A retail asset located at 7450 Wisconsin Highway 31 in Kenosha, WI, has been sold for $10,250,000. The property encompasses 67,000 square feet, translating to a price per square foot of $153. This sale follows the redevelopment of a portion of Kenosha's Southport Plaza for tenants including Harbor Freight and Michael’s.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,250,000
• Sale Date: 12/09/2024
• Buyer: BZA Kenosha I SPE LLC
• Seller: ICAP Development
• Total Square Feet: 67,000
• Price Per Square Foot: $153
• Market: Kenosha, WI

BZA Kenosha I SPE LLC has acquired the property and is known to own the remaining 38 acres of the 386,000-square-foot shopping center. ICAP Development was responsible for the redevelopment efforts that attracted tenants to the area.