ManpowerGroup has a new landlord of its downtown Milwaukee headquarters.
The 280,000-square-foot building at 201-229 W. Cherry St. is now owned by Louisville, Colorado-based Real Capital Solutions. An affiliate of Real Capital acquired the property for $70.43 million from an investors group that includes Chicago-based Bentall Kennedy and Warba Bank, a Kuwaiti public shareholding company.
The building was last sold in 2017 for $66.5 million, according to city records. It was built in 2007 and is assessed at $66.73 million. Online listings show it is 78% occupied by a single tenant. ManpowerGroup recently downsized its office footprint, freeing up one of the building’s four stories.
Address: 201-229 W. Cherry St., Milwaukee
Buyer: RCS - MPower (SIEM) LLC and RCS - MPower (BLA) LLC
Seller: One Hundred MP Way LLC
Price: $70.43 million