NOW:53132:USA00949
http://widgets.journalinteractive.com/cache/JIResponseCacher.ashx?duration=5&url=http%3A%2F%2Fdata.wp.myweather.net%2FeWxII%2F%3Fdata%3D*USA00949
38°
H 45° L 33°
Cloudy | 22MPH

Madison-Based Firm Buys Foreclosed Franklin Office Buildings

May 28, 2011

May 26, 2011 (Franklin, WI) – Madison-based Sara Investment Real Estate has acquired its second foreclosed property this month. Sara paid $5.5 million for Franklin Corporate Center, a two-building 64,000 SF development located at 9779 S. Franklin Drive. The seller, Foundations Bank, also acted as the lender in the transaction.

 

The development has 11 existing office tenants and 16,300 square feet remain available for lease. In addition, 1.5 of the site’s 7.4 acres are available as vacant surplus land. Sara is considering the sale of this land or the addition of a third building.

 

Sara Investment Real Estate owns and operates over 50 retail, office and industrial properties across the state of Wisconsin.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.


Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.

Community Watch

» Hale Interchange ramp to reopen Friday 10/30

» Photo Gallery: WIAA state soccer tourney day one 10/30

» Root River Theatre continues local talent search for winter production 10/30

» Man hits workers with gravel because construction made it difficult to get into his driveway 10/30

» Helicopter helps place HVAC units on Meijer at Drexel Town Square 10/29

» Elderly resident with asthma trapped in elevator at Country View Retirement Home 10/29

» Building residents cited after fight breaks out about mail 10/28

» Poll: Who will win Level 2 game: Franklin or Oak Creek? 10/28

» Raising the American flag(s): support for Greendale Veterans Memorial remains strong 10/28

» In a new proposed OCFSD course, students would build a house 10/27

» Suburban roundup: Week one of the WIAA football postseason 10/27

» Franklin defense locks down Kenosha Bradford 10/25

» Preps football photos of the week: Level 1 10/24

» Franklin Police investigate armed robbery at North Shore Bank 10/24

» Franklin boys volleyball team wins Southeast divisional title 10/22

» Glen Morrow hired as new Franklin City Engineer 10/22

» Poll: Which area team will win a state football title? 10/22

» Franklin's EDC remains clouded in political dust-up 10/21

» Man arrested for fraud after ordering food, passing out and leaving eatery 10/21

» Teen drug use, prevention panel discussion Thursday, Oct. 30 10/21

» Early voting now open at Oak Creek City Hall 10/21

» County Supervisor Steve Taylor to host Oak Creek town hall meeting on Wednesday 10/20

» County Supervisor Steve Taylor to host Hales Corners town hall meeting on Wednesday 10/20

» Across Wisconsin, uneven property assessments fly in the face of fairness Updated:  10/19

» Preps football photos of the week: Week 9 10/17

View All Posts Got a tip? Welcome rss
Deal Watch - Milwaukee

Milwaukee's Best Discounts & Deals

Advertisement

Local Business Directory

CONNECT