Collection agency to move to Menomonee Valley
Professional Placement Services LLC recently purchased the 16,016-square-foot building at 272 N. 12th St. in Milwaukee’s Menomonee River Valley, where it plans to move from its current location in the Historic Third Ward at 316 N. Milwaukee St.
The collection agency bought the Menomonee Valley building for $650,000, said David Barry of Colliers Barry, who brokered the sale for Professional Placement Services and for the seller, EL Enterprises Inc. The brick, two-story, 79-year-old building has an assessed value of $637,000, according to city records.
Lee Enterprises to buy back stock
Lee Enterprises Inc. announced that its board of directors has authorized the purchase of up to $30 million of the company’s stock in open market purchases or privately negotiated transactions.
The Davenport, Iowa-based firm is the parent company of The Capital Times and Wisconsin State Journal in Madison and The Racine Journal Times.