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MILWAUKEE - Roundy's Supermarkets Inc. reportedly sold two former warehouse properties here to a subsidiary investors group affiliated with Chicago-based HSA Commercial Real Estate Inc. for $8.5 million.
Built in 1954 and 1955, the two warehouses carry less value than their land, which totals about 39 acres, according to documents filed Thursday with the Milwaukee County Register of Deeds. The parcels were purchased by HSA Commercial and are among about 70 acres east of Highway 45 and north of W. Burleigh St. that have been designated for redevelopment by city officials.
Other properties north of W. Burleigh St. designated for redevelopment include a 23-acre former Kohl's Food Stores warehouse site, owned by investors group Burleigh Partners LLC, and a 7-acre parcel owned by Total Logistic Control, a subsidiary of Supervalu Inc.
With nearly $4 billion in sales and 22,000 employees, Roundy's Supermarkets, Inc. operates 155 retail grocery stores under the Pick 'n Save, Copps, and Rainbow banners in Wisconsin, Minnesota, and Illinois.