A landlocked personal faculty on Milwaukee’s far west aspect has purchased a neighboring grocery store − with plans to ultimately increase on to that property.
Wisconsin Lutheran Excessive Faculty, via an affiliate, paid $8.25 million for the Decide ‘n Save grocery store constructing, 8201 W. Bluemound Street. That is based on a deed posted on-line by the Wisconsin Division of Income.
The grocery store has a multi-year lease for the constructing, mentioned Rev. Kenneth Fisher, Wisconsin Lutheran president. He mentioned the varsity has no quick plans for the 3-acre website however has lengthy hoped to purchase it.
That is as a result of Wisconsin Lutheran, with an enrollment of round 900 college students, is landlocked on its 14-acre website at 330 N. Glenview Ave., Fisher instructed the Journal Sentinel. The college yearly turns down potential college students as a result of it wants extra space, he mentioned.
Fisher mentioned the varsity will replace its grasp plan to think about future makes use of for the positioning.
The property was offered to the varsity affiliate, 1517 Innovation LLC, by 82 Blue LLP, an affiliate of Fox Level-based Basic Capital Group.
Tom Daykin might be emailed at tdaykin@jrn.com and adopted on Instagram, Bluesky, X and Fb.
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This text initially appeared on Milwaukee Journal Sentinel: Wisconsin Lutheran Excessive Faculty buys grocery store website for future development
