First Watch Restaurant Group plans to retrofit the existing IHOP building located at 5800 Durand Avenue in Racine Somerstone is excited to announce the recent closing of the purchase of the existing IHOP building located on an outlot of the Pritchard Park Mall in Racine, Wisconsin. IHOP elected not to extend their lease of the […]
Construction of a new 63-unit apartment building will complement the existing 72-unit The Den at Fox Run Somerstone, in partnership with Bedford Development and VJS Construction Services, is excited to bring additional housing opportunities to Waukesha. The $16M+ project will feature underground parking, a fitness center, a resident lounge and leasing office. With a range […]
A brand-new Starbucks with drive-thru is open at the corner of Sunset Drive and East Avenue Somerstone is excited to announce that construction is complete and Starbucks is open for business at 151 West Sunset Drive in Waukesha. Located immediately west of Presidents Plaza retail strip center, the new cafe features Starbucks re-imagined interior design […]
Somerstone LLC helped facilitate the sale of a 4 acre development site located at the northwest corner of Drexel Avenue and 13th Street in Oak Creek, Wisconsin.
Occupying a portion of the former Boston Store in West Bend, Wisconsin, Vortex Pickleball is open for business. Enjoy premium professional-grade courts, social events, and refreshments while connecting with community enthusiasts of all ages. With Highway 45 visibility and its own parking field, the use is an ideal retrofit of the existing space and adds another great leisure resource to the City of West Bend.
Somerstone is pleased to announce the sale of the Chase Bank branch (ground lease) located in the Fox Run development in Southwest Waukesha. After obtaining an extension of the lease term with JPMorgan Chase, the Somerstone team successfully closed the transaction with a local exchange buyer. The branch has operated from the site since 1983.
Somerstone is pleased to announce the sale of the Chipotle Mexican Grill on Michigan Road in West Carmel, Indiana. Working with an exchange buyer out of Omaha, NE, the Somerstone team successfully sourced a high-quality asset that aligned well with our client’s equity requirements. With our firm spearheading negotiations, due diligence review and closing, the transaction easily closed within the 1031 timeline.
Somerstone recently completed the two tenant First Watch building in the Shops at Meadow Ridge. Located along Capitol Drive in Pewaukee, the property benefits from excellent visibility and outstanding co-tenancy with other users in the development.
With the assistance of Mid-America Real Estate Group – Wisconsin, Somerstone directed the sale of the ground lease for a new Texas Roadhouse restaurant in the Highgate development in Oak Creek, Wisconsin.
Somerstone is pleased to announce the recent store openings of Dunham’s Sports, Ross Dress for Less, and Old Navy at West Bend Corporate Center in West Bend, Wisconsin. Located immediately west of U.S. Highway 45 on the southwest side of West Bend, the property benefits from exceptional visibility and easy access. Shadow-anchored by a 200,000 square foot, Walmart Supercenter, the property is located within the established Paradise Drive retail corridor. Additional tenants include Chen’s Buffet, We Rock the Spectrum Kid’s Gym, U.S. Cellular, GameStop, Hassleless Mattress, Great Clips, Check into Cash and Subway.
