One Liberty Properties Signs Agreement to Purchase Four-Building Industrial Portfolio in Milwaukee for $34 Million
Globe Newswire•02/11/2026•16:15 ET
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Key Highlights
- ➤$34 million acquisition adds 277,117-square-foot Milwaukee industrial portfolio
- ➤Portfolio 100% leased to seven tenants, generating approximately $2.3 million annual base rent
- ➤$20.6 million mortgage planned at fixed 6.36% interest, maturing in 2031
- ➤2026 acquisition total will exceed $102 million upon closing
- ➤Transaction expected to close in fourth quarter 2026
Expert Statements
Patrick J. Callan, Jr., President and Chief Executive Officer of One Liberty Properties
“This acquisition marks another important step in One Liberty’s evolution to an industrial-focused portfolio. It adds scale in a tight industrial submarket where limited available land and steady demand from manufacturers and distributors keep vacancy relatively low. The buildings are leased to a diverse group of operating businesses, and with in-place rents below market, we see room to grow cash flow as leases roll over time.”
– Upon Closing Will Bring 2026 Acquisition Total to Over $102 Million –
GREAT NECK, N.Y., Nov. 02, 2026 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused on the ownership of industrial properties, today announced it has entered into a contract to acquire a four-building industrial portfolio totaling 277,117 square feet on approximately 25 acres in the Milwaukee, Wisconsin MSA, at a price of $34 million.
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