Press Releases

Next Realty Makes Fifth Acquisition in Milwaukee MSA: Acquires Hillside Terrace Shopping Center in Delafield, Wisconsin

An affiliate of Next Realty, LLC is pleased to announce the acquisition of Hillside Terrace Shopping Center, a 17,000 square foot neighborhood shopping center located at 2728 – 2744 Hillside Drive, Delafield, Wisconsin. The purchase price for Hillside Terrace Shopping Center, the seventh acquisition for Next Realty Fund IX, LP, a fully diversified investment vehicle, • Read More »

Next Realty Refines Acquisition Strategy

Next Realty has countered a dramatically transformed retail landscape—including the extraordinary growth of e-commerce, a shakeout of big box retailers, and an ongoing evolution of brick and mortar retail —with a refinement of the central strategy that has guided the firm since 1998. For 20 years, Next Realty has been known as an investment and • Read More »

Next Realty Makes Acquisitions and Improvements

Since the beginning of the year, Next Realty and its affiliates completed three acquisitions:  a six-building, multi-tenant office complex in Arlington Heights and two parking facilities, one in Washington, D.C. and another in St. Paul, MN. The transactions further underscore the Next Value-Keep® strategy by acquiring diverse assets across various property sectors. Arlington Executive Plaza • Read More »

Meet One of our Nextperts®

Branko Kuzmanovic is the Director of Acquisitions for Next Realty. In that role he is responsible for underwriting new acquisition opportunities and conducting due diligence. He joined the firm in October 2017. Before he joined Next Realty, Branko worked at Home Partners of America, a privately-held real estate investment trust. While there he worked on • Read More »

When Bad Things Happen to Good Properties

To restate a favorite quote from Howard Marks’ book, The Most Important Thing, “Investment success doesn’t come from buying good things, but rather from buying things well.” To that end, Hochberg’s view on investing, in retail properties as well as in other asset classes, is to avoid problem properties. The great challenge, however, is that • Read More »

Next Realty Acquires Washington D.C. Parking Garage

CHICAGO (March, 2019)—An affiliate of Next Realty, LLC is pleased to announce the acquisition of the transient parking portion of the Metropole Condominium Garage located at 1515 15th Street NW, Washington, D.C.  The purchase price for Metropole Condominium Garage was not disclosed. The property is located below The Metropole Condominium Complex. The dynamic, mixed-use project • Read More »

Next Realty Acquires Arlington Executive Plaza Medical/General Office Complex

CHICAGO - An affiliate of Next Realty, LLC is pleased to announce the acquisition of Arlington Executive Plaza, a medical and general office complex consisting of six, single-story buildings located at 3335 – 3385 N. Arlington Heights Road, Arlington Heights, Illinois. The purchase price for Arlington Executive Plaza, the fourth acquisition for Next Realty Fund IX, • Read More »

Next Realty Expands Acquisition Focus: Aggressively Seeking Industrial Assets to $50 M

Fully embracing the continued move from brick and mortar to e-commerce real estate strategies, Next Realty has expanded its property acquisition approach by incorporating industrial properties valued up to $50 million. “Changes in the retail landscape continue, and we’ve adapted our approach to be proactive and responsive,” said Andy Hochberg, CEO and Managing Principal of • Read More »

Next Realty Signs New Lease with AutoZone for Milwaukee Retail Space

Next Realty, LLC is pleased to announce that AutoZone has completed a lease to occupy 8,446 square feet at its South Towne Shopping Center at South 27th Street and Loomis Road in Milwaukee, WI. AutoZone plans to open late summer or early fall 2018. Mid-America Real Estate Wisconsin, LLC Principal Dan Rosenfeld and Broker Associate • Read More »