Outside the Region: Gorjian Acquisitions buys two WI properties

Milwaukee, WI Joel Gorjian, a national real estate investor and president & CEO of Gorjian Acquisitions, has purchased two retail and office properties. The acquired properties include the Bradley Square professional services and medical center and Teutonia Sq. neighborhood shopping strip mall.

The two Milwaukee properties were acquired as a portfolio from a private seller, following a 30-day due diligence review and a 30-day closing period. 

“These latest acquisitions bring our national ownership interest portfolio to 60 properties totaling seven million s/f The four deals were completed as all-cash transactions,” said Gorjian. “We have acquired 27 properties across the U.S. in the last 12 months and are currently pursuing additional opportunities in the Midwest, Southwest, Southeast, and Northeast.”

The freestanding, 19,545 s/f Bradley Square houses medical and professional services offices, including a State Farm insurance office, a podiatry office, a senior day care, and a mortgage office. The building is 86% occupied and located at 7919-7961 North 76th St. 

The 100% occupied, 8,303 s/f Teutonia Square strip mall at 7311-7321 North Teutonia Ave. is north of West Good Hope Rd., at the Southwest corner of Teutonia and West Clinton Aves. in the Tripou Park section, between Brown Deer and University Club of Milwaukee golf courses and parks.