Developer buys Third Ward parking property as part of redevelopment of downtown Johnson Controls complex

Sale includes long-term lease of 192 parking stalls

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Kenosha-based Bear Development has purchased the land containing a parking structure in the Historic Third Ward as part of the firm’s plans to eventually redevelop the Johnson Controls office complex in downtown Milwaukee. Johnson Controls plans to leave that complex to consolidate offices at its Glendale operating headquarters. Bear affiliates purchased the property at 212

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