Milwaukee, WI, July 07, 2012 --(PR.com
)-- Cresa Milwaukee recently represented Riverwater Partners LLC in the purchase of the well-known Laacke and Joys Building in downtown Milwaukee. The 4 story building and 1 story warehouse comprises 75,000 square feet at 1433 North Water Street in Milwaukee’s Park East Corridor. Laacke and Joys, established in 1844, has been in the Water Street location since the 1960s. The Park East Corridor is being target by developers for future revitalization of the area.
"We are proud to own the Laacke and Joys building, an iconic piece of downtown Milwaukee,” stated Riverwater Partners LLC, “The revitalization of the Park East corridor is an exciting chapter for Milwaukee and we look forward to being a part of it."
Cresa Milwaukee, a commercial tenant advisory firm, brought the deal to Riverwater Partners LLC before the building was listed on the market and provided direction throughout the purchasing process. Cresa’s initial action and balanced guidance allowed for a smooth and uncomplicated transaction.
Michael Levine of Cresa Milwaukee represented Riverwater Partners LLC. Mark Schnoll of Colliers represented the seller.
Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Global Accounts, Portfolio Strategies, Location Planning, Lease Administration, Capital Markets, and Facilities Services. With more than 57 offices, Cresa is the largest tenant representation firm in North America. Through its partnership with Savills, one of the world’s largest commercial real estate services firms; Cresa covers more than 255 locations in 40 countries. For more information, visit www.cresa.com.