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Chicago & Midwest  + Midwest  + Retail  | 

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.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition