Lincoln Center II and III, two multi-tenant office buildings located in West Allis, have been sold to a group of investors for $10.1 million.
The buildings have a combined assessed value of roughly $8.77 million, according to city records.
Lincoln Center II is located at 2514 S. 102nd St., and Lincoln Center III is located at 10150 W. National Ave. Together, the buildings total nearly 121,000 square feet and are home to 24 tenants, including Cognex, Verizon Wireless and Eye Care Specialists, according to a news release.
The buildings were sold in late June by Madison-based investment firm
SARA Investment Real Estate, according to state records.
They were purchased by an ownership group consisting of a dozen different buyers.
Appleton-based
J. Ross & Associates represented the buyer and is part of the ownership group for the properties, according to the lease. Andy Hess, Ned Purtell and Patti Stevens of Milwaukee-based
Founders 3 Real Estate Services represented the seller.
Neither SARA nor J. Ross & Associates immediately responded to a request for comment.
According to state records, the ownership group consisted of:
- 4 Ross Investments III LLC, registered to John Ross, principal of J. Ross & Associates
- Bose 4 Investments LLC, registered to Charlie Dercks, principal of J. Ross & Associates
- DKS Realty Wisconsin V LLC, registered to Walter Schonfeld of Appleton
- Amazon Investments 3 West Allis LLC, registered to Jessica Zhu of Brookfield
- TK Lincoln LLC, registered to Thomas Viehe of Oconomowoc
- LC TIC Investments LLC, which lists Madison real estate attorney Joseph Bartol as its registered agent
- SBS Schneider LLC
- 4 Roberts LLC, registered to Michael Roberts of Combined Locks
- CNJ Investors LLC, registered to Christopher VanStraten of Appleton
- RFPLC LLC, registered to Rick Papandrea of Pewaukee
- RMR Real Estate Holdings, registered to Joseph Neilitz of Appleton
- Lincoln In LLC, registered to Jared Van Lanen of Greenville
SARA
acquired the buildings in 2017. In announcing the acquisition at that time, SARA noted the buildings were "well-maintained" and in a "convention location" with easy freeway access to Milwaukee or Madison.
