- Bear Real Estate Group buys 3.29-acre site at 6522 Grand Teton Plaza.
- Purchase price of $7.29 million from BetterLife Insurance.
- Plan to redevelop 23,000-square-foot office into 302 multifamily units.
An office plaza has changed hands in Madison‘s west side. It could soon become a multifamily redevelopment.
An affiliate of Kenosha-based Bear Real Estate Group bought a 3.29-acre site at 6522 Grand Teton Plaza from life insurance firm BetterLife Insurance for $7.29 million in late October, state real estate records showed.
Included in the site is a 23,000-square-foot office building that will be redeveloped as part of a larger planned 302-unit multifamily project by Bear Real Estate Group, according to CBRE, the commercial real estate firm that represented the seller…