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.

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

Maredithe has covered retail, restaurants, entertainment and tourism since 2018. Her duties as associate editor include copy editing, page proofing and managing work flow. Meyer earned a degree in journalism from Marquette University and still enjoys attending men’s basketball games to cheer on the Golden Eagles. Also in her free time, Meyer coaches high school field hockey and loves trying out new restaurants in Milwaukee.

No posts to display