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Future Walmart sites in Wauwatosa, Greenfield sold

Land and Space

Journal Sentinel business reporter Tom Daykin talks about commercial real estate and development.

Sept. 08, 2011
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By Tom Daykin of the Journal Sentinel

Sept. 08, 2011 0

A 63,000-square-foot former Jewel-Osco store in Wauwatosa that will be remodeled for a Walmart supermarket and other retailers has been sold for $5.1 million to an investors group.

The building, at 3850 N. 124th St., was sold by ASP Realty Inc., a subsidiary of Jewel-Osco's corporate parent, Supervalu Inc., to Capitol 124 LLC, according to documents filed with the Milwaukee County register of deeds.

Wauwatosa city officials earlier this year approved plans for a 38,000-square-foot Walmart Neighborhood Market at that location. Gatlin Development Co., which is developing the building, will seek other retailers for the remaining space.

I contacted a Walmart spokeswoman to find out when the supermarket will open but haven't heard back yet. 

Also, the 17.2-acre Green Fields Golf Center driving range and miniature golf course, east of S. 108th St. and just north of W. Layton Ave., Greenfield, has been sold to Walmart Real Estate Business Trust for $7.4 million, according to the register of deeds.

A 140,000-square-foot Walmart supermarket and discount store is being developed at that site, which is just south of an existing Walmart, at 4500 S. 108th St.

Walmart will look for new uses for the old store once the new one is completed. The project should take about a year to complete.

By the way, the driving range at Green Fields is closed, but the mini golf course is open until Sept. 16.

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About Tom Daykin

Tom Daykin covers commercial real estate and development.

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Helpful Links and Resources

Check the Milwaukee Assessor’s Office website, which includes tools to look up property assessments.

Find property assessments for other communities throughout the state at AssessorData.org.

The Milwaukee Department of City Development website includes information on the city Plan Commission and Redevelopment Authority.

The Commercial Association of Realtors Wisconsin offers information on commercial realtors and real estate.

The Milwaukee chapter of the Institute of Real Estate Management serves the needs of real estate management professionals

The Wisconsin chapter of the NAIOP Commercial Real Estate Development Association aims to serve developers and owners of commercial real estate.

Awards

The Land and Space blog was recognized by the Society of American Business Editors and Writers in the blog category for dailies with circulation between 200,000 to 500,000.

The judges said, "Daykin’s aggressive reporting and accessible, explanatory writing make him a must-read for his tight-knit and highly engaged audience."


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