Colliers International | Wisconsin Brokers and Closes the Sale of 600 N Broadway in Downtown Milwaukee
The building is located in the East Side Commercial Historic District along the Streetcar Phase I route.
600 N. Broadway. Photo courtesy of Colliers International Group Inc.
Milwaukee, July 5th, 2017 – Colliers International | Wisconsin announces the sale and closing of 600 N. Broadway in Milwaukee, Wisconsin. The property is a 23,796 square foot office building that sits prominently on the visible corner of Broadway and Michigan Streets in the heart of downtown. The building is located in the East Side Commercial Historic District along the Streetcar Phase I route with tracks recently installed on Broadway. The Property was sold by 600 North Broadway Partners, LLC to 600 North Broadway, LLC, an affiliate of J. Jeffers & Co, for $1,550,000. J. Jeffers’ portfolio also includes investments in the historic Mitchell and Mackie buildings which are located nearby on Michigan Street. Anchor tenants in the 600 N. Broadway building include law firm End, Hierseman & Crain LLC, Mahler Enterprises and investment firm Bronfman E.L. Rothschild, L.P.
Tom Shepherd and Cory Sovine of Colliers International | Wisconsin represented the Seller in the sale. Bruce Westling of NAI MLG Commercial represented the Buyer.
“This acquisition is yet one more example of investment along the future Milwaukee Streetcar route by J. Jeffers & Co. The rehabs of the Mitchell and Mackie Buildings respectively are nearing completion while the surface parking lot south of the Mackie is poised for development,” said Bruce Westling of NAI MLG Commercial.
“There continues to be a lot of investment interest in downtown Milwaukee, especially for properties where value can be enhanced through renovations or lease up,” stated Tom Shepherd, Colliers | Wisconsin. “This is not a trend; Investors are long on our market and they are forecasting a bright future for the central business district.”
About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
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