Developer purchases Third Ward warehouse

HKS Holdings bought the property for $2.9 million

Organizations:

The Milwaukee real estate development company that is building the Kimpton Hotel in the Third Ward has also purchased a five-story warehouse in the neighborhood for $2.9 million, according to state records.

338 N. Milwaukee St. -2016-06-01

HKS Holdings purchased the 49,340-square-foot building at 338-340 N. Milwaukee St ., from Joan Julien, president of Sycamore Building and Investment Co. The building is occupied by Julien Shade Shop Inc.

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In addition to building the Kimpton, HKS has converted the Posner Building in downtown Milwaukee to apartments and developed the Global Water Center.

The Milwaukee Street property is assessed at $1.9 million.

Kyle Strigenz, principal of HKS Holdings, could not immediately be reached for comment.

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