Featured deal: 215 N. Water St., Milwaukee

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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.

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

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