U.S. Bank and HSA Commercial Real Estate on Tuesday announced
they have closed on a $32.5 million construction loan that will
finance a portion of the overall redevelopment of the former
Roundy’s warehouse in Wauwatosa.
warehouse will be redeveloped into a new 250,000-square-foot
retail center. The Mayfair Collection will be built on more than
1 million square feet and will use five existing industrial
buildings that were originally built between 1954 and 1967.
The City of
Wauwatosa is providing more than $7 million in bond/loan
proceeds for the project in addition to the U.S. Bank financing.
is thrilled to support such an important project for
southeastern Wisconsin,” said Don Pafford of U.S. Bank
Commercial Real Estate. “This is an excellent location in a
thriving submarket with an established commercial district and a
stable surrounding neighborhood. National retailers have wanted
to enter the Mayfair area for years but have not had many viable
options until now.”
of the shopping center is underway and scheduled to be finished
by March 2014.
Chicago-based HSA Commercial is a full-service commercial real
estate firm, which provides development, management, leasing and