JLL Capital Markets closes $17 million sale of the 76-unit, mixed-use Freshwater Apartments in downtown Milwaukee, WI

 

Amanda Friant

 

Chicago, IL, Aug. 1, 2022 – JLL Capital Markets announced today that it has closed the $17.4 million sale of Freshwater Apartments, a 76-unit, mixed-use apartment building in the Harbor District on the eastern edge of Walker’s Point in downtown Milwaukee.

 JLL marketed the property on behalf of the seller, Wangard Partners, Incorporated. Bender Companies acquired the asset.

Wick Kirby

The JLL Capital Markets Investment Advisory team representing the seller was led by Senior Director Wick Kirby, Director Amanda Friant and Senior Managing Director Jaime Fink.

"We are excited to expand our portfolio into the Walker's Point neighborhood of Milwaukee with the acquisition of Freshwater Apartments," said Mark Barnes, Investment Director for Bender Companies.

Jaime Fink.

"The strong employment growth and area demand drivers will continue to fuel apartment demand in the immediate area,"

                   Mark Barnes

Built in 2017, Freshwater Apartments features studio, one- and two-bedroom units with an average square footage of 635 square feet.

Freshwater Apartments, 1320 South1st  Street,
downtown Milwaukee, WI

Situated at 1320 South1st  St. within Freshwater Plaza, the property is proximate to full-service grocer, Cermak Fresh Market, as well as brand new developments, including UW-Milwaukee School of Freshwater Sciences and machinery manufacturer Komatsu’s new North American headquarters.

In addition to the Harbor District and Walker’s Point, the property proximate from additional vibrant neighborhoods, including Third Ward and Bayview.

 

 CONTACT:

 Jenna Sharp

JLL

M +1 214 394 3356

JLL.com