Chicago & Midwest + Midwest + Apartments | March 18, 2021

CBRE Closes Apartment Deal on Milwaukee’s East Side

CBRE arranged the $2.09-million sale of a 21-unit multifamily property in Milwaukee to Fairchild Acquisitions LLC. The fully leased, 18,390-square-foot building is located at 1718-1734 E. Lafayette Pl., in proximity to the North Avenue and Historic Brady Street entertainment districts of Milwaukee.

Matson Holbrook, Patrick Gallagher and Gretchen Richards with CBRE represented the sellers, Marquis, LLC and Jack, LLC.

“We had a ton of interest in this deal from both local and regional buyers and ultimately found Fairchild, who recently closed on several other East Side multifamily properties as they are looking to grow their portfolio,” said Holbrook. “The exceptional location and potential to implement value-add strategies attracted the buyer to this property.”

Nathan Glaisner of Verde Investments represented the buyer in the transaction. Built in 1894, the property comprises studio, one-, two- and three-bedroom floorplans and features onsite laundry facilities and a shared outdoor patio area.

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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 13-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 15-20 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).