Cushman & Wakefield Brokers $44M Sale of The Corridor in Sheboygan

SHEBOYGAN, WIS. — Cushman & Wakefield has brokered the $44 million sale of The Corridor, a 240-unit community in Sheboygan. Lincolnshire, Illinois-based Axiom Properties was the buyer. The seller, represented by Brad Smith, Jack Maloney and Ralph Depasquale, was Chicago-based Midloch Investment Partners. Located at 1436 Green St., the community was approximately 97 percent occupied at the time of sale. The property is subject to a tax increment financing (TIF) agreement that reimburses 65 percent of property taxes above an established base amount through 2038. Completed in 2021, The Corridor features one-, two- and three-bedroom units along with a fitness center, lounge, community room, dog park, playground, outdoor gathering spaces and parking.