Home Industries Real Estate MLG Capital buys Third Ward building

MLG Capital buys Third Ward building

By
Hunter Turpin
-
Image from Apartments.com

Brookfield-based investment firm MLG Capital has purchased a building in Milwaukee’s Historic Third Ward. The building at 225 N. Water St. was sold for $3.6 million, according to state records. It was previously owned by LCPS, LLC, an Oconomowoc-based investor. The agent for LCPS is MIAD professor James Barany, according to state records. Built in

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Hunter Turpin
http://www.biztimes.com
Hunter covers commercial and residential real estate for BizTimes. He previously wrote for the Waukesha Freeman and Milwaukee Journal Sentinel. A recent graduate of UW-Milwaukee, with a degree in journalism and urban studies, he was news editor of the UWM Post. He has received awards from the Milwaukee Press Club and Wisconsin Newspaper Association. Hunter likes cooking, gardening and 2000s girly pop.
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Brookfield-based investment firm MLG Capital has purchased a building in Milwaukee's Historic Third Ward. The building at 225 N. Water St. was sold for $3.6 million, according to state records. It was previously owned by LCPS, LLC, an Oconomowoc-based investor. The agent for LCPS is MIAD professor James Barany, according to state records. Built in 1909, the five-story, 32,000-square-foot building has fitness studio barre3 on its first floor and residential units on its upper floors. The building has an assessed value of just under $3 million, according to Milwaukee County records. MLG Capital, which owns properties nationwide with several throughout metro Milwaukee, does not list any other Third Ward properties in its online portfolio. MLG Capital did not immediately respond to request for comment.

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