Pick ‘N Save Sheboygan
2010Year Acquired |
48,000 SFCommercial Space |
SoldStatus |
Roundy’s Grocery Store Development
Roundy’s owned a very successful 30 year-old store on Sheboygan’s south side that needed renewal. Our team (with partner Outlook Development) purchased the property directly from Roundy’s and executed a full tear-down and rebuild. Project team included Schroeder Holt Architects and the Hoff Group. Construction (store closing to re-opening) took less than 5 months. This is a stand-alone grocery store with neither small shops nor outlets.
KEY THEMES
- Grocery-focused retail development expanded General Capital's portfolio of neighborhood-serving commercial properties throughout Wisconsin
- Large-format retail design provided dedicated space for an essential grocery use within the Sheboygan market
- Strategic development approach emphasized accessible, community-oriented retail serving everyday consumer needs
- Project contributed to General Capital's experience developing and investing in grocery-anchored commercial real estate
- Investment strategy positioned the property for long-term retail use and an eventual successful disposition
RESULTS
- Successfully delivered a 48,000 SF Pick 'n Save retail property in Sheboygan
- Established a substantial grocery retail presence designed to serve the surrounding Sheboygan community
- Expanded General Capital's portfolio of large-format grocery and neighborhood retail investments across Wisconsin
- Advanced the property's investment lifecycle from its documented 2010 project year through disposition
- Successfully completed the sale of the retail asset in 2012
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