Home Industries Real Estate Featured Deal: ManpowerGroup headquarters building

Featured Deal: ManpowerGroup headquarters building

By
Alex Zank
-

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.

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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

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