Home Industries Real Estate Office building on Milwaukee’s far northwest side sold for $20.8 million

Office building on Milwaukee’s far northwest side sold for $20.8 million

By
Cara Spoto
-
Parkland Center, a 222,704-square-foot Class A office building on the city’s far northwest side has sold to a Pennsylvania investor for $20.8 million, according to state records. (Photo courtesy of Loopnet.com/Founders3)

Parkland Center Parkland Center, a 222,704-square-foot office building on Milwaukee’s far northwest side has been sold to a Pennsylvania investor for $20.8 million, according to state records. The seller was a limited liability company affiliated with Griffin Capital of El Segundo, California. The new owner is a limited liability company affiliated

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Cara Spoto
Cara Spoto, former BizTimes Milwaukee reporter.

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[caption id="attachment_450856" align="alignright" width="300"] Parkland Center[/caption] Parkland Center, a 222,704-square-foot office building on Milwaukee’s far northwest side has been sold to a Pennsylvania investor for $20.8 million, according to state records. The seller was a limited liability company affiliated with Griffin Capital of El Segundo, California. The new owner is a limited liability company affiliated with Workspace Property Trust of suburban Philadelphia. Griffin Capital bought the building in 2013 for $26 million. At the time it was entirely occupied by Wells Fargo Home Mortgage, until it ceased its operations there in 2015. Located at 11200 W. Parkland Ave., the building's tenants include FIS, a financial software company; Global Industrial, an industrial businesses provider; EQ Unify, an investment recovery firm; and Davians Café and Catering.

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