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.
Vortex Pickleball opens in West Bend
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 sells Chase Bank branch
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 brokers 1031 exchange
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.
Texas Roadhouse sold in Oak Creek
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.
Ascension Hospital ground lease sold
Somerstone is pleased to announce the sale of the Ascension Milwaukee Hospital ground lease located in the Fox Run development in Southwest Waukesha. The Somerstone team successfully procured a west coast exchange buyer to purchase the site shortly after the hospital opened.