A group of investors from Singapore has purchased the Racine Centre on Washington Avenue for $9.3 million, the Milwaukee Business Journal reported Monday.

The strip center is anchored by Malicki’s Piggly Wiggly grocery store and Xperience Fitness. A handful of smaller enterprises – Party City, Dollar Tree, Super China Buffet – are also located there.

According to the MBJ story, Racine Centre has a total of 135,827 square feet of building space and is about 93 percent occupied. 

This is the second investment in Southeast Wisconsin for the investment group; the first is located in Waukesha.


Love what we do?

In addition to our education features, we’ll be kicking off a series of stories highlighting how parents, students, and educators are adapting to the impact of COVID-19 on education. If this is important to you, please consider donating to our education reporting fund.