Doheny's sells building, leases space
PLEASANT PRAIRIE, Wis, -- Commercial real estate firm CBRE recently represented Doheny's in a sale and lease-back transaction at 10411 80th Ave. in Pleasant Prairie, Wis.
Doheny's sold the 195,415-square-foot property to Boston-based STAG Industrial Holdings, LLC for approximately $16 million and entered in to a long-term lease with new ownership. STAG is considering a 95,000 square foot expansion to the property this summer. Stag and CBRE will market the additional space for lease.
Doheny's, family owned since 1967, is a swimming pool supply company with eight distribution centers nationwide.
Sam Badger, SIOR, Whit Heitman, Brad Weiner and Jared Paff of CBRE represented Doheny's in the transaction.