crefeed.com | CBRE negotiates sale of Deer Corporate Center for $12.4M

1/7/2008

CBRE negotiates sale of Deer Corporate Center for $12.4M

Mr. Vesper

Chicago, Ill.-based Zeller Realty Group has acquired the Deer Corporate Center in Brookfield, Wis., for $12.4 million from Des Moines, Iowa-based Principal Financial Group.

Michael Vesper of CB Richard Ellis represented Principal Financial while Bob Six handled the in-house negotiations for Zeller.

The office building is located at 445 S. Moorland Rd. and contains 109,000 square feet. The three-story tower was built in 1986 and underwent renovations in 2003. It was 100 percent occupied at the time of sale to tenants including Old Republic and Vrakas/Blum Mergers & Acquisitions.

Brookfield is located 15 miles west of Milwaukee and has a population of 38,649.

Vesper is an executive VP with CBRE and has been with the company since 1994. He is a member of the CBRE's Investment Properties Institutional Group in Chicago and is a former CFO for Trammell Crow Company and treasurer for Homart Development Company.

Address: 445 S. Moorland Rd., Brookfield, Wis.

Size: 109,000 square feet

Built: 1986

Filed Under: Office

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