Park Place office building acquired by New York investment firm

Sold for well under assessed value of $11.24 million

One Park Plaza. Courtesy: Loopnet
One Park Plaza. Courtesy: Loopnet
The One Park Plaza office building on Milwaukee's far northwest side has been sold for $5.75 million to a New York investment firm that says it specializes in acquiring and repositioning so-called undervalued properties. According…

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Alex Zank covers commercial and residential real estate for BizTimes. Alex previously worked for Farm Equipment magazine and also covered statewide construction news at The Daily Reporter. He graduated from the University of Wisconsin-Eau Claire, where he studied journalism, political science and economics. Having grown up in rural western Wisconsin, Alex loves all things outdoors, including camping, hiking, four-wheeling and hunting.

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