Business

Oak Realty Group affiliate acquires Milwaukee industrial property

Posted September 19, 2017 1:00 am

Globe Newswire

DEERFIELD - An affiliate of Oak Realty Group recently acquiring a 879,704 square foot, 10-building industrial portfolio in the Milwaukee area.

The property is located in the airport submarket, adjacent to the southeast corner of Milwaukee's General Mitchell International Airport, approximately 2.5 miles east of I-94.

The portfolio sits on nearly 57 acres of land containing ten buildings ranging in size from 40,000 to 215,000 square feet. The buildings were constructed in phases through 2004 by a local Milwaukee developer. The current tenants include a broad mix of national, regional and local businesses, many of which rely on the proximity to the adjacent airport and central location within the greater Milwaukee region.

ORG plans upgrade and renovate the buildings and related structures as well as work with several tenants who desire to expand within the park. ORG partnered with The Africk Family Office, which owns a diversified portfolio of multifamily, commercial and industrial real estate nationwide. The Mitchell Portfolio marks the partnership's third acquisition together.

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