Real estate deal of the week

Mequon-based Dominion Medical Management Inc. plans to move its headquarters to a building it has purchased in the Third Ward.

Mequon-based Dominion Medical Management Inc. recently purchased the three-story, 5,450-square-foot Fire Engine House #15 Building at 105 N. Water St. in Milwaukee’s Historic Third Ward from Bruce and Joelleyn Johnson. Dominion Medical Management plans to move its headquarters from Mequon to the 93-year-old former fire engine house building.

Dominion Medical Management is a revenue cycle management firm specializing in providing billing and accounts receivable management services to specialty and large general practice health care providers.

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The $1.5 million sale price for the property was well above its assessed value of $414,000, according to city records. Marianne Burish of Siegel-Gallagher Inc.

brokered the sale of the building for the Johnsons.

"It’s a great deal for the Third Ward," Burish said.

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The building sits on a 9,590-square-foot lot, which includes 12 on-site surfacing parking spaces and 205 linear feet of river frontage.

Bruce Johnson’s design build remodeling firm, BDC Building Design & Construction Inc., occupied the building in recent years. The firm, which has three employees, recently moved about two blocks southwest to 131 W. Seeboth St. in Walker’s Point.

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