Historic downtown Milwaukee office building sold for $17 million

Sale price is significantly less than the property's assessed value

A historic downtown Milwaukee office building has been sold for $17.4 million, which is more than $10 million less than its assessed value of about $28.1 million. Located at 735 N. Water St., the building known as CityCenter735 was sold by an affiliate of Stevens Point-based Compass Properties, which purchased the property in 2002. Compass

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