Marcus & Millichap Facilitates Sale of Net-Leased Cadence Inc. Industrial Property in Sturgeon Bay, Wisconsin

Reuters

2025/06/11

Marcus & Millichap Facilitates Sale of Net-Leased Cadence Inc. Industrial Property in Sturgeon Bay, Wisconsin

STURGEON BAY, Wis., June 10, 2025 - Marcus & Millichap Inc. $(MMI)$, a prominent commercial real estate brokerage firm, has successfully arranged the sale of a net-leased industrial property occupied by Cadence Inc. in Sturgeon Bay, Wisconsin. The property, built in 2015 and located on 7.72 acres at 1425 Neenah Ave, is leased to Cadence Inc., a leading provider of advanced manufacturing solutions, with a corporate-guaranteed lease extending for over five more years. The transaction was managed by investment specialists Malato and Dominic Sulo from the firm's Chicago Oak Brook office, representing the Green Bay-based developer seller and securing a private out-of-state investor as the buyer. Todd Lindblom serves as the firm's broker of record in Wisconsin. This sale underscores Sturgeon Bay's robust manufacturing sector and strategic location on the Great Lakes, fostering consistent economic growth and attracting investor interest.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on June 10, 2025, and is solely responsible for the information contained therein.

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