Cole Retail REIT Acquires Shopping Center in Wisconsin for $18.5 Million

Located in Manitowoc, Wis., the 138,739-square-foot Harbor Town Center is fully occupied by Kohl’s, MC Sports, Petco, Aspen Dental and Aldi’s. Located in Manitowoc, Wis., the 138,739-square-foot Harbor Town Center is fully occupied by Kohl’s, MC Sports, Petco, Aspen Dental and Aldi’s.

Manitowoc, Wis. — Mid-America Real Estate Corp. has brokered the sale of Harbor Town Center, a shopping center located in Manitowoc.

Phoenix-based American Realty Capital Properties, on behalf of Cole Credit Property Trust IV Inc., acquired the 138,739-square-foot property for $18.5 million. Located at the northeast corner of Rapids Road and Calumet Avenue, the center is anchored by Kohl’s, MC Sports, Petco, Aspen Dental and Aldi’s. Rick Drogosz of Mid-America Real Estate Corp. and Dan Cohen of Mid-America – Wisconsin LLC represented the seller, Green Bay, Wis.-based Commercial Horizons, in the transaction.

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