The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2 billion, has announced the disposition of a 134,900-square-foot retail building located at 1211 Crossing Meadows Drive in Onalaska, Wis. The building is fully leased to Sam's Club, the nation's eighth largest retailer and a leading membership warehouse club. The sale was made to the tenant's parent company, Wal-Mart.
The free-standing building is conveniently located within direct visibility to Interstate 90 which connects Chicago to the Twin Cities. The property is adjacent to the Crossing Meadows Shopping Center, a 93,000-square-foot grocery anchored center and is located within close proximity to La Crosse County's strongest commercial corridor.
"We have developed a strong relationship with Wal-Mart since Sam's Club became a tenant and we have worked with them over the years to meet the demands that would ensure success for their business," said Robert T. Schmitt, a Principal of The Hampshire Companies. "This was the ideal time for Wal-Mart to take ownership of the property due to their thriving business at this location. At the same time, it enabled Hampshire to maximize on our investment."
Greg Dalton and Chris Bosworth of CB Richard Ellis represented The Hampshire Companies and Yoni Zvi of CB Richard Ellis represented Wal-Mart in the transaction.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at HampshireRE.com.
R&J Public Relations