LCM purchases National Business Furniture building in West Allis for $9 million

Sold by NBF parent Takkt AG

The company's headquarters was previously at 735 N. Water St. in downtown Milwaukee.

Last updated on May 15th, 2019 at 04:48 pm

770 S. 70th St.

The headquarters building for National Business Furniture in West Allis has been sold to an affiliate of Milwaukee-based LCM Funds Real Estate LLC for $9.2 million, according to state records.

The 67,000-square-foot building is located at 770 S. 70th St. National Business Furniture moved its headquarters and showroom there in 2016.

The building sits on a 10-acre parcel. The property is assessed at $6.2 million, according to county records. 

70th Street Partners LLC, which is an affiliate of LCM Funds Real Estate LLC, purchased the building from National Business Furniture’s parent company, Stuttgart, Germany-based Takkt AG.

The building was previously occupied by C&H Distributors, another company previously owned by Takkt. Takkt sold C&H Distributors in 2015, but kept the West Allis building.

NFB’s previous headquarters was in a 40,000-square-foot space at the CityCenter at 735 building in downtown Milwaukee. Its showroom was previously located in a 14,000-square-foot space at the Shops of Grand Avenue and available to customers virtually. Its current showroom is 12,000 square feet.

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Maredithe Meyer
Maredithe Meyer started as an intern reporter at BizTimes in summer 2015. She currently covers entertainment, sports, tourism and restaurants. In May 2017, she graduated with a journalism degree from Marquette University where she worked as an in-depth projects reporter for the Marquette Wire and Marquette Tribune.