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Chicago & Midwest  + Midwest  + Office  | 
Now occupied by Eversana, 417 E. Chicago St. in Milwaukee was originally built in 1964

Single-Tenant Office Changes Hands in Milwaukee’s Third Ward 

Colliers arranged the investment sale of 417 E. Chicago St. in Milwaukee’s Historic Third Ward. The 42,000-square-foot Class A headquarters is currently occupied by tenant Eversana, a life sciences company. 

The building was originally constructed in 1964 and was completely renovated in 2013 as a build-to-suit for the headquarters of Milwaukee-based The Dohmen Company. The property was sold to 417 Third Ward, LLC, an affiliate of Madison-based Hovde Properties. Colliers represented the seller 417 East Chicago LLC, an affiliate of Dohmen, and was the sole broker in the transaction.  

The sales team included Tom Shepherd, Jennifer Huber-Bullock, and Scott Welsh. This same Colliers team also recently represented affiliate entities of Dohmen in the sales of other assets nearby. 

“This value-creation opportunity was exciting to work on as The Historic Third Ward has national cachet and it is viewed as a high barrier to entry neighborhood.,” said Shepherd. 

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Colliers' Shepherd

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).

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