Galleria West Shopping Center
Retail | 65,352 SqFt
Marketing description
Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate – Wisconsin, LLC (hereinafter referred to as "MAREC"), has been retained on behalf of the owner to sell the 100% fee simple interest in Galleria West Shopping Center, a 90.6% leased shopping center located in Brookfield, Wisconsin.
Galleria West Shopping Center benefits from its location in the heart of the Bluemound Road retail and office corridor, one of the most sought-after corridors in Wisconsin and the premier shopping and work destination for residents of the affluent Lake County.
Bluemound Road is home to nearly every major national big-box retailer and remains one of the most desirable corridors in the Milwaukee MSA for both expanding and first-to-market concepts - evidenced by a historically well-leased trade area and exceptional recent leasing velocity.
Investment highlights
- Iconic boutique retail center with strong community-focused tenancy, recent leasing momentum, and premier corridor positioning
- Community and national tenant mix - complementary mix of community identity and national tenants
- 26 Tenants
- 19 Tenants Extended Beyond 2029
- 79% of In-Place Tenancy Secured Beyond 2029
- 33% of In-Place Tenancy Have Operated at Center for 11+ Years
- Kopp's Frozen Custard - Shadow Anchor - Milwaukee Institution - Drives approximately 660,000 annual visitors
- Recent leasing velocity - 8 New Leases Signed, 1 Active LOIs (2026), 10 Renewals 2024–26
- Richard Bennett Tailors, a 50-year old institution, relocated from Brookfield Square to the subject property, demonstrating the center's growing appeal
- Irreplaceable location - NW corner of Bluemound Rd & Brookfield Rd - Milwaukee's premier retail & office corridor
- Access to Brookfield, Lake Country, New Berlin & Menomonee Falls
- 30,500 VPD Bluemound Road
- <2 mi to I-94 interchange
- Dominant trade area & office market - 4M+ SF retail in corridor, 750K SF The Corners, 4M+ SF office in market
- Exceptional demographics - 124K+ population 5-mi, $130K+ avg. HH income, +36% daytime pop. increase
- 52.9% population 25+ with bachelor's degree or higher
- Low Waukesha County taxes - $1.07/SF current property taxes, no Milwaukee County tax exposure for investors
- Value-add opportunity - 90.6% occupied, 5,169 SF remaining vacancy, +$130K potential income, 15% below market rents
- Strategically positioned at the center of the westward shift in retail demand
- Between Brookfield Square and The Corners
- Beneficiary of retailer migration
- Captures demand from Lake Country
- Located within the corridor's highest-growth segment
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