Situated between downtown Milwaukee’s two newest office towers sits Juneau Square, a three-building complex that includes two office buildings and a parking structure.
Juneau Square North is a nine-story, 163,600-square-foot building that was built in 1962. It connects to a four-story, 111,436-square-foot office building constructed the same year.
The city of Milwaukee assesses the total property at $12.5 million. The land the buildings sit on is assessed at $7.1 million, making it more valuable than the buildings (assessed at $5.4 million) on the property.
The building sticks out compared to its newer surroundings, including the 17-story office tower at 833 E. Michigan St, completed by Irgens earlier this year and the new 32-story, $450 million Northwestern Mutual Tower & Commons building.
U.S. Bank owns the Juneau Square complex and is fully utilizing both buildings, according to Joseph Ullrich, director of real estate leasing for U.S. Bank. Despite the buildings’ shiny new neighbors, there are no plans to redevelop the valuable property, he says.
“We remodel the interior space as needed, and overall the buildings are functional for us,” Ullrich said of Juneau Square. “I don’t see anything changing in that regard.”
