Press Releases
Marcus & Millichap Brokers Sale of 90-Unit Apartment Property in De Pere, Wisconsin
July 29, 2025
DE PERE, Wis., July 29, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Crow’s Nest Apartments, a 90-unit multifamily property located in De Pere, Wisconsin.
“Crow’s Nest Apartments offers both a rich local history and compelling investment fundamentals,” said Blake Hanlon, director investments. “Originally home to several Green Bay Packers and located just across the river from Lambeau Field, the property combines strong tenant appeal with significant upside potential. With current rents below market averages and local vacancy rates among the lowest in the country, the buyer is well positioned to benefit from ongoing demand and limited new supply in the Greater Green Bay area.”
Hanlon and Mark Peltin, senior director investments, both investment specialists in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, and procured the buyer, the MLG Legacy Fund.
Crow’s Nest Apartments is located at 985 N. Broadway in a neighborhood along the Fox River. Built in 1972, the property sits on 6.29 acres and includes a 90-unit building with a mix of studio, one-, two- and three-bedroom apartments. Amenities include an indoor pool and sauna, resident lounge, updated laundry facilities and 96 underground parking spaces.
“Crow’s Nest Apartments offers both a rich local history and compelling investment fundamentals,” said Blake Hanlon, director investments. “Originally home to several Green Bay Packers and located just across the river from Lambeau Field, the property combines strong tenant appeal with significant upside potential. With current rents below market averages and local vacancy rates among the lowest in the country, the buyer is well positioned to benefit from ongoing demand and limited new supply in the Greater Green Bay area.”
Hanlon and Mark Peltin, senior director investments, both investment specialists in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, and procured the buyer, the MLG Legacy Fund.
Crow’s Nest Apartments is located at 985 N. Broadway in a neighborhood along the Fox River. Built in 1972, the property sits on 6.29 acres and includes a 90-unit building with a mix of studio, one-, two- and three-bedroom apartments. Amenities include an indoor pool and sauna, resident lounge, updated laundry facilities and 96 underground parking spaces.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
