Katz Properties buys East Side apartment tower for $9.65 million

An affiliate of Bayside-based Katz Properties Inc. recently purchased The Lodgewoods Apartments tower on the East Side of Milwaukee for $9.65 million, according to state records.

The 15-story, 76-unit building was constructed in 1954. It is located at 1121-25 N. Waverly Place, at the southwest corner of Waverly and East Juneau Avenue.

The building was sold by Mequon-based Lodgewood Apartments LP.

The building sold for well above its assessed value of $5.1 million, according to city records.

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