Group led by Wangard buys Delafield retail buildings for $13.75 million

Article posted April 09, 2014 on BizTimes.com

Shoppes at Nagawaukee Equity LLC, an investors group led by Wauwatosa-based Wangard Partners Inc. chairman and chief executive officer Stewart Wangard, recently purchased two buildings in the Nagawaukee Center retail development in Delafield for $13.75 million. The property was sold for a price substantially higher than its assessed value of $7.6 million, according to Waukesha County records. The two buildings are located in the 3200 block of Golf Road, along the north side of I-94 near Highway 83. The buildings have a total of 57,015 square feet of space and the site covers 6.67 acres. The two buildings are 100 occupied. The tenants are: Best Buy, Famous Footwear, Panera Bread, Noodles & Company, Qdoba Mexican Grill, Scottrade, Penzeys Spices, Forward Dental and Nail Arts. The buildings, part of the Shoppes at Nagawaukee, were built in 2004 by Plymouth, Minn.-based Told Development Company. Shoppes at Nagawaukee LLC, an affiliate of Told, sold the buildings to Wangard's group. Joe Girardi and Dan Cohen of Mid-America Real Estate brokered the deal for Told, Wangard said. See the full article at BizTimes.com »