Artemis with its partner Newport Capital Partners has sold the Pick ‘N Save Center, a 69,749-square-foot, fully leased shopping center anchored by Pick ‘N Save in the Milwaukee community of Wauwatosa, Wis.
JRW Realty facilitated the all-cash acquisition of the net-leased property on behalf of ExchangeRight, for $19 million.
Completed in 2008 and 2012, Pick ‘N Save Center is anchored by Pick ‘N Save, the No. 1 grocery by market share in Wisconsin and a subsidiary of Kroger. The center comprises three single-story retail buildings that are also home to Mattress Firm, Firehouse Subs and Bubon Orthodontics.
Situated on 5.24 acres at the southwest corner of Interstate 41/45 and Mayfair Road, the center is in Wauwatosa, which is part of the Milwaukee metropolitan area. Pick ‘N Save Center pulls from an extended trade area where 46 percent of customers travel more than three miles to visit the property.
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