Historic Industrial Building Sold for Residential Redevelopment

MILWAUKEE, January 2, 2025 – The Barry Company is thrilled to announce the successful sale of a historic 129-year-old industrial building located at 324 N 15th Street and 1257-1439 W Saint Paul Avenue in Milwaukee’s Menomonee Valley. This 56,000 square foot property, situated on 2.1 acres, will be transformed into a residential apartment development. The transaction involved the seller, an affiliate of the Read family, and the buyer, Kendall Breunig of Franklin-based Sunset Investors.

The iconic four-story building is steeped in Milwaukee’s industrial heritage. Listed on the market for over 20 years, it was one of The Barry Company’s longest-listed properties. The site’s redevelopment was made possible after an extensive re-zoning process that resulted in a solution satisfying all interested parties. The transformation will bring new life to an industrial area while preserving the property’s historic character.

This very significant deal was skillfully facilitated by Kurt Van Dyke and Jim Barry III of The Barry Company. Despite the complexity of the transaction, which involved navigating extended timelines, zoning challenges, and preserving the historical integrity of the property, all parties worked diligently to ensure a successful outcome.

The Barry Company remains committed to connecting industrial buyers and sellers across Wisconsin with innovative commercial real estate solutions that drive growth and opportunity.

About The Barry Company
The Barry Company, an over 100-year-old independently owned and operated commercial real estate company provides award-winning services throughout southeast Wisconsin and beyond. The Barry Company has won over 20 awards from the Commercial Association of Realtors-Wisconsin, including two Realtor® of the Year awards. The company has also received multiple Best Deal/Lease of the Year awards from The Business Journal and has been awarded the Broker of the Year honor by Riverworks Development Corporation

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.