Featured deal: 215 N. Water St., Milwaukee

215 N. Water St.
215 N. Water St.

The office building at 215 N. Water St. in Milwaukee’s Historic Third Ward was recently acquired by an affiliate of Revel Investments LLC for nearly $4.6 million. The 26,100-square-foot red brick and timber loft office building is fully occupied by six tenants.

It was built in 1906 for Friend & Marks Co., a men’s clothing manufacturer. Shoe polish manufacturer Harri Hoffman Co. then purchased the building in 1974 for use as a warehouse. It was again sold in 2006 and underwent significant renovations, turning it into a multi-tenant building.

Revel also owns the nearby Timberworks Building at 325 E. Chicago St., where its offices are located.

Address: 215 N. Water St.
Owner: Revel 215 Water LLC
Assessed: $3.4 million

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Alex Zank
Alex Zank covers commercial and residential real estate for BizTimes. Alex previously worked for Farm Equipment magazine and also covered statewide construction news at The Daily Reporter. He graduated from the University of Wisconsin-Eau Claire, where he studied journalism, political science and economics. Having grown up in rural western Wisconsin, Alex loves all things outdoors, including camping, hiking, four-wheeling and hunting.