California investor buys Milwaukee industrial building for $16.4 million

Carmen Ave. building built as spec now houses Materion operation

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A California real estate investment firm has paid $16.4 million for a 150,000-square-foot industrial building at 12255 W. Carmen Ave. on the city’s far northwest side. (Photo courtesy of Loopnet.com)

A California real estate investment firm has paid $16.4 million for a 150,000-square-foot industrial building on the city’s far northwest side. A limited liability company affiliated with San Diego-based on Realty Income Corporation purchased the building late last week from Indiana industrial developer, Scannell Properties who constructed the building at 12255 W. Carmen Ave. in

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Cara Spoto
Cara Spoto
Cara Spoto, former BizTimes Milwaukee reporter.

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