Wisconsin

MILWAUKEE — CBRE has arranged the sale of Belay Apartments, a 46-unit community with 17,000 square feet of commercial space leased to climbing gym Adventure Rock. Belay is located at 2200 N. Commerce St. in Milwaukee’s Beerline neighborhood. La Crosse, Wisconsin-based Three Sixty Real Estate Solutions LLC purchased the property from its original developer, an affiliate of Mandel Group, marking the buyer’s first investment in greater Milwaukee. CBRE’s Sean Beuche, Matson Holbrook, Gretchen Richards and Patrick Gallagher represented the seller in the transaction and procured the buyer. The sales amount …

MILWAUKEE — CBRE has arranged a portfolio comprised of four Milwaukee properties for $29.7 million. Locally based Metropolitan Associates sold the portfolio to Brookfield, Wisconsin-based Coachlight Communities. The assets are Parkview Apartments (232 units), Lisbon Court (71 units), Hampton Gardens (30 units), and Grantosa Apartments (25 units). Metropolitan developed the properties in the 1960s and has owned them since then. CBRE’s Matson Holbrook, Gretchen Richards, Sean Beuche and Patrick Gallagher represented the seller in the transaction.

MADISON, WIS. — JVM Realty Corp. has acquired Wrenfield at Pleasant View, a 300-unit community at 8504 Mansion Hill Ave. in Madison. Continental Properties was the seller. Berkadia arranged the transaction. The sales price was not disclosed. Wrenfield at Pleasant View was completed in 2022 and features townhome-style design with private entries across 15 two-story residential buildings. Units are offered as one-, two- and three-bedroom floor plans averaging approximately 1,000 square feet per unit. Amenities include a heated pool, a 24-hour fitness center, a clubhouse with a kitchen, TVs, lounge …