Address: 1037 W. McKinley Ave., Milwaukee
Buyer: CSA Partners LLC
Seller: Joshua Jeffers
Closing date: Early September
Sale Price: $3.2 million
An investment firm co-founded by Milwaukee County Executive Chris Abele purchased the City Center buildings at The Brewery complex in downtown Milwaukee for $3.2 million with plans to create a film school business incubator in the space.
Abele and John Ridley, an Academy Award-winning filmmaker and Milwaukee native, have been working together on a project they hope will have a positive impact on the community they both love.
Both are on the board of Milwaukee Film Inc., which Abele founded.
“This project is neither the beginning nor the end of our shared commitment to the community,” Abele said. “We look forward to sharing more news in the coming months as the details of this project come together.”
The seller, Milwaukee developer Joshua Jeffers, president of J. Jeffers & Co. LLC, only owned the property for seven months. He bought the buildings for $2.6 million in February from Cardinal Stritch University and had initially planned to convert them into market rate apartments.
