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| Downer Avenue Retail Collection, two buildings that house 60,986 square feet of retail, office and residences in the heart of downtown Milwaukee, WI |
CHICAGO, IL, April 28, 2020 – JLL Capital Markets announced today that is has closed the sale of the Downer Avenue Retail Collection, two buildings that house 60,986 square feet of retail, office and residences in the heart of downtown Milwaukee, Wisconsin.
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| Amy Sands |
JLL marketed the property on behalf of the seller, C-III Asset Management. Bridge33 Capital purchased the asset.
Situated on 1.48 acres at 2551 and 2650 N. Downer Ave., the two buildings are on both the west (2551) and east (2650) sides of Downer Avenue in a walkable, amenity-rich area of downtown Milwaukee.
The buildings are within walking distance to Milwaukee’s new streetcar, The Hop, along with several MCTS bus stops, and the buildings have immediate access to two major Interstates, Interstates 94 and 794.
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| Janice Sellis |
Completed in 1916, Downer East is home to a variety of service and internet-resistant tenants, including Stone Creek Coffee, F45, Breadsmith, Downer Cleaners, Café Hollander, Downer Wine and Spirits and Robert Laurence Salon and Spa.
Downer West was completed in 1912 and contains two multi-housing units in addition to its retail and office space occupied by Landmark Theatres, Pizza Man, Henry’s, Salon Nova, Optix on Downer, Boswell Book Company and Starbucks. Both buildings were renovated in 2006.
The JLL Retail Capital Markets team representing the seller was led by Managing Directors Amy Sands and Clinton Mitchell and Senior Director Janice Sellis.
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| Clinton Mitchell |
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.
Contact:
Kimberly Steele, JLL Senior Associate, Public Relations
Phone: +1 713 852 3420
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