Steve Turner, a senior advisor with Greywolf Brokerage, LLC, a division of Greywolf Partners, Inc., a full service commercial real estate company, completed three recent transactions. These were a combination of two sales transactions and one lease. Turner represented the seller in both sale transactions and the tenant in the lease transaction.
The first of the two sales was the sale of the office building located at 426 Yellowstone Drive in Madison. The 19,520 square foot property was sold for $2.45 million, just over the original asking price. The property is located near various amenities, has ample parking and is easily set up for either a single or multi-tenant user.
The second sale was for the warehouse located at 2221 Calumet Drive in New Holstein. Situated on six acres of land, the 122,500 square foot building is fully leased and also includes easy access to the highway. It also includes 10 loading docks with five drive-in doors and 20-foot clear heights. The property sold for $3.75 million.
The lease transaction was a 7,688 square foot lease at 717 John Nolan Drive in Madison. The tenant, Evident Change, is a nonprofit that uses data and research to improve social systems, will take occupancy of the space in February and is slated for a term of 10 years.
“Steve is off to a very strong start to the year because of solid techniques he uses throughout the year,” said Wally Sauthoff, Managing Director of Brokerage at Greywolf Brokerage, LLC. “He’s able to successfully handle multiple transactions simultaneously with ease, and to effectively fulfill the needs of his various clients. With dedication like he has, Steve is sure to have another year of successful transactions.”
For more information about these transactions, or to discuss more about properties in the greater Madison market area, please contact Steve Turner at 608.338.4410 or steve.turner@greywp.com.
About Greywolf Brokerage and Greywolf Partners
Greywolf Brokerage, LLC is a division of Greywolf Partners, Inc., a full-service real estate company with an entrepreneurial mindset with headquarters in Milwaukee and executive offices in Cottage Grove, Wisconsin.
Formed in 2009, Greywolf Partners provides a comprehensive range of services including development, brokerage, asset and property management, while also specializing in hospitality, gas stations, senior housing property management through Park Vista Senior Housing Management, as well as residential real estate through Badger Realty Team. Our clients include a variety of ownership groups, including small entrepreneurial owners, large institutional investors and other investment structures. Greywolf Partners takes a collaborative, consultative approach to understanding each clients’ needs and delivering real estate solutions. To learn more, visit www.greywolfpartners.com or call 877.543.4739.
