Archie Realty LLC, an affiliate of Watertown-based Archie Monument & Stone, recently purchased three office buildings, totaling 72,419 square feet of space, at 19265, 19275 and 19395 W. Capitol Dr., Brookfield, from an affiliate of Greenwich, Conn.-based Starwood Capital Group.
The deal was brokered by Rachel Schmidt and Tim Janusz of NAI MLG Commercial.
Starwood bought the buildings from Associated Bank and invested in $300,000 in improvements to reposition them in the marketplace, Schmidt. The buildings are now about 70 percent leased, she said.
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Office space tenants are showing an increased interest in the Capitol Drive corridor, Schmidt said.
“Years ago it used to be a challenge to get office tenants to look there,” she said.
