Boston-based Eaton Vance Management Real Estate Investment Group recently purchased the 506,195-square-foot GE Healthcare building in the Milwaukee County Research Park in Wauwatosa for $96.5 million from Irgens Development Partners. The transaction includes excess developable land with room to expand the building by an additional 115,000 square feet. In brokering the sale, Irgens was represented by Steve Palec of CB Richard Ellis and Mark Hellwig of CB Richard Ellis. "We hope to acquire additional long-term net-leased office, retail and industrial properties comparable tin quality to this fine building," said K.C. Swartzel, director of acquisitions and dispositions for Eaton Vance’s Real Estate Investment Group.
The School Factory Inc. (d.b.a. Bucketworks) recently leased 21,567 square feet of industrial space and First Stage Children’s Theater recently leased 10,600 square feet of industrial space at 1340 N. 6th St. in downtown Milwaukee from Haymarket Properties LLC. Both leases were brokered by Kevin Barry of Colliers Barry. Bucketworks recently moved to the building from a smaller space three blocks east at 1319 N. Dr. Martin Luther King Jr. Drive. Bucketworks calls itself a "health and fitness facility for your brain." Bucketworks strives to create networks that support and nurture professional groups, community organizations, and families through exercises and events that stimulate creative expression, emotional and mental health, and economic sustainability. Bucketworks says GE Healthcare, Harley-Davidson Inc., Manpower Inc. and Miller Brewing Co. have used its services.
