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Bridge33 Picks Up Downtown Milwaukee Retail
JLL Capital Markets closed the sale of the Downer Avenue Retail Collection, two buildings that house a total of 60,986 square feet of retail, office and residences in downtown Milwaukee.
The firm marketed the property on behalf of the seller, C-III Asset Management. Bridge33 Capital purchased the asset for an undisclosed sum.
The JLL retail capital markets team representing the seller was led by managing directors Amy Sands and Clinton Mitchell and Senior Director Janice Sellis.
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. Completed in 1916, Downer East is home to a variety of service and internet-resistant tenants. Downer West was completed in 1912, and contains two apartment units in addition to its retail and office space. Both buildings were renovated in 2006.
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- ◦Sale/Acquisition