Metro Milwaukee Office Portfolio - Metropolitan Milwaukee, WI

Opportunity:
This seven building portfolio offers the combination of stabilized income via diverse tenant rosters and rollover exposure at the Brookfield and Park Place VII buildings, and upside opportunity with 22% more leasing of the Lincoln Center buildings.  Acquired for significantly below replacement cost, further portfolio upside exists with rental rate increases in Milwaukee enhancing long-term capital appreciation of these assets.

View a detailed map of this property (MapQuest).
  • Properties: 
    The Brookfield Properties: Four office/flex buildings
    Park Place VII:  One single-story office building
    The Lincoln Center Properties:  Two office buildings

  • Size:
    The Brookfield Properties: 171,433 SF on 16.48 Acres
    Park Place VII: 36,037 SF on 3.44 Acres
    The Lincoln Center Properties: 121,249 SF on 6.79 Acres
  • Built: 1984 - 1989
  • Purchased: September, 2006
  • Ownership: Westminster Brookfield LLC, Westminster Lincoln LLC, & Westminster Park VII LLC owned 50% Fund VI, 50% Fund VII
  • At Acquisition:
    • Cost: $30,535,000
    • Occupancy: 83%
    • Cost per SF: $93


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