First Financial Centre building sold for $3.28 million

The First Financial Centre, a 14-story office building located at the northeast corner of Water Street and Wisconsin Avenue in downtown Milwaukee, was sold recently for $3.28 million, according to state records.

The 153,201-square-foot building, constructed in 1928, was purchased by Brookfield-based 700 North Water Tower LLC. The registered agent for the firm is real estate investor Bachan Singh.

The building was sold in an online auction by an affiliate of Miami Beach, Fla.-based LNR Property LLC.

The building has an assessed value of $3.9 million, according to city records.

Tenants in the building include Capital Investment Services, Lawyertemps Inc., Nicholas Compan, Inc., Lubar & Co., and Weiss, Berzowski, Brady LLP. The office space in the building is only 32.87 percent occupied, according to Loopnet.com.

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