Wisconsin-based companies Compass Properties and Vario Equity recently acquired two Class A office buildings located in Madison, WI’s American Center Business Park. The 4600 American Pkwy. and 5133 West Terr. buildings were purchased from American Family Insurance in an off-market deal for approximately $19 million, according to Compass Properties President Tyler Noel. American Family Insurance had recently completed an extensive capital improvement program at both properties. Vario Equity, a recently formed, Madison-based private equity firm that invests in Wisconsin-based real estate assets, is the lessor of the properties. Compass will provide property management and development services... ...more | ||
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