Pick ‘n Save Center, Wauwatosa, WI:
This best-in-class retail asset is part of Mach I, a Core-Plus joint venture between Newport Capital Partners, New York State Common Retirement Fund and Artemis Real Estate Partners, formed in 2014. Mach I targets Core-Plus grocery anchored retail properties located in Chicago and Milwaukee.
Inception to date Mach I has generated a distributable cash yield of 12.2%.
Brownstones Shopping Center, Brookfield, WI:
Newport Capital Partners, in a newly formed Joint Venture with an offshore investment firm, acquired Brownstones Shopping Center in February 2019.
The trophy 138,000 sf grocery anchored, neighborhood shopping center is located in the dominant trade area of Bluemound Road. Major Tenants include Metro Market grocery, TGI Friday’s, Blaze Pizza, ATI Physical Therapy and many others.
Newport is seeking the highest quality Core-Plus retail and mixed-use properties throughout the Central United States.