Bear Development closes on purchase of Johnson Controls office complex in downtown Milwaukee

Developer has two years to contemplate redevelopment options before company moves out

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Kenosha-based Bear Development has closed on its purchase of the Johnson Controls office complex in downtown Milwaukee. Bear and Johnson Controls confirmed the sale of the complex, located at 507 E. Michigan St., occurred this week. The property sold for approximately $24 million, according to sources with knowledge of the deal. The Milwaukee County Register

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