Hammes buys The Bog, downtown Milwaukee lot

Affiliates of Brookfield-based Hammes Companies recently acquired The Bog golf course in Saukville and a vacant lot in downtown Milwaukee.

The Hammes affiliate paid about $2 million for The Bog, a 227-acre 18-hole golf course designed by golf legend Arnold Palmer and located at 3121 County Highway I. It opened in 1995. It was sold to the Hammes Companies affiliate by Terry Wakefield, the original developer of the course. The course has a 10,500-square-foot clubhouse that has a full bar and restaurant and guest seating for 160. Patrick Gallagher and Matson Holbrook of Siegel-Gallagher and Chris Charnas of Chicago-based Links Capital Advisors brokered the sale for Wakefield.

A Hammes Companies affiliate also recently purchased a 1.5-acre site at 210 E. Knapp St. in downtown Milwaukee from BMO Harris Bank for $1 million, according to state records. The site is located northeast of Knapp and North Water Street and is just east of a site northwest of Knapp and Water where Hammes has been planning an office building development.

The site has an assessed value of $1.3 million, according to city records.

The lot is the second that BMO Harris Bank has sold recently in that area. In late June BMO Harris sold a 1.8-acre surface parking lot at 1214 N. Water St., immediately south of the site that it sold to Hammes, to the Milwaukee School of Engineering. MSOE bought the parking lot, bounded by Water, Knapp and Market streets and Juneau Avenue, for $3.5 million, according to state records.

The lot sold to MSOE has an assessed value of $2.2 million, according to city records.
MSOE has not announced any plans for the site, which is located next to MSOE’s Grohmann Tower Apartments and the Kern Center.

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