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Local shopping center building sells

Mark Cosenza, a vice president with the Oak Brook, Ill.-based Inland Real Estate Acquisitions Inc., purchased a three-store retail center in Pleasant Prairie for $3.4 million.

The 9,000-square-foot strip center at 10288 77th St. is located on the outer ring of the of the Shoppes at Prairie Ridge. Its tenants are Batteries Plus, Heartland Dental Care and U.S. Cellular.

Cosenza purchased the center from the developer, Evo Properties LLC, a Milwaukee-based firm.

Developer buys more warehouse space in LakeView park

New York based industrial developer KTR Capital closed this week on a 271,057 square foot warehouse in Pleasant Prairie’s LakeView Corporate Park.

KTR’s new distribution center, located at 11200 88th Avenue in Pleasant Prairie, was constructed in 1998 with 31 truck docks, 460 parking spaces but upgraded in 2008. The building has two other adjacent tenants.

Location, location, location


If you’ve ever wondered why Realtors used that phrase: “Location, location, location,” you only have to ask some who list and sell properties in Kenosha and Racine counties.

For them, it means identical homes can increase or decrease in value and price because of location. It’s the No. 1 rule in real estate.

RadioShack files for bankruptcy


RadioShack Corp. filed Chapter 11 bankruptcy Thursday and plans to sell 2,400 of its stores nationally.

The embattled electronics retailer has designated one of its Kenosha stores as a clearance outlet where merchandise is discounted from 20 to 50 percent, while another local store is still operating normally for now.

KABA’s Battle receives national ‘40 Under 40’ honors


Over the past two years Todd Battle’s accomplishments have helped to orchestrate a massive Kenosha city and county economic development program that has made southeastern Wisconsin a much-watched territory for business relocation and expansion.

As a result, New York-based Development Counsellors International has recognized Battle, the president of the Kenosha Area Business Alliance, as one of the economic development profession’s “40 Under 40” winners for 2015.

Herzing to celebrate golden anniversary

Herzing University will mark its 50th anniversary with a Thursday night gala at the Hyatt Regency in Milwaukee.

The for-profit institution, which was incorporated in Milwaukee on Jan. 29, 1965, has graduated more than 10,000 Wisconsin students, according to a news release.

Kenosha Meijer store to open in June


Meijer will open its Kenosha supercenter at 7701 Green Bay Road in June, the retailer announced Wednesday.

That, along with the concurrent opening of a store in Grafton, will mark the company’s official expansion into Wisconsin.

Land east of Somers Walmart eyed for future development

SOMERS — Town officials expect to meet with the new owners of a vacant 40-acre tract in a few weeks to discuss commercial development at the Somers Market Center, where Walmart and Sam’s Club are anchor stores.

In late December, RCG-Somers LLC., an affiliate of Atlanta-based RCG Ventures, a real estate development and management firm, purchased the land from Bank of America for $2.38 million, with plans to develop segments of the 40-acres for retail and business use.

Meijer construction progressing


The long-awaited opening of Kenosha’s Meijer store seems around the corner, as construction is nearing completion and company officials are preparing to make an announcement within the next few days.

The Grand Rapids, Mich.-based hypermarket retailer will did not disclose a hard date for the opening of the Kenosha store or any of the other three Wisconsin locations.

Southport Bank names new president, CEO


Southport Bank has a new president and chief executive officer.

The Kenosha-based bank on Friday announced the appointment of Russ Weyers to succeed Timothy Schadeberg, who departed at the end of 2014.

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