Real estate deals of the week

Ace Industrial Properties Inc. recently purchased the 120,000-square-foot industrial building at 420 W. St. Paul Ave., Milwaukee, from Frank G. O’Connor Jr. and Linda L. O’Connor for $2.75 million. Dave Hazenfield and Sam Dickman Jr. of The Dickman Company Inc. brokered the sale.  Hazenfield represented the seller and Dickman represented the buyer. The seven-story building is located across the street from the downtown Milwaukee train station that is being renovated into the Milwaukee Intermodal Station and is now anchored by Amtrak and Greyhound. It is occupied by Iron Mountain, a records storage company.


A.B. Data Ltd., a Fox Point-based direct marketing services firm, announced that it has entered into a contract with Manpower Inc. to acquire the former Manpower international headquarters campus in Glendale. A.B. Data has offices in Washington, D.C., New York, Chicago and Tel Aviv, Israel.
"The 16-acre campus will allow A.B. Data to consolidate most of its employees based in Fox Point and Shorewood under one roof and with far greater amenities," said Charles Pruitt, co-managing director of A.B. Data. "The need for a larger facility is being driven by significant growth in our Business Critical Communications Group and our Class Action Administration Division," said Bruce Arbit, co-managing director of the firm. "Glendale is a great place to be."
"The Manpower building brings with it a historical legacy of a homegrown Milwaukee business success story," said Jerry Benjamin, co-managing director. "Great men like Elmer Winter with his Horatio Alger like story and Mitchell Fromstein, an international business legend, were there before us."
A.B. Data plans to move 250 people in its first phase to the facility around the first of the year.
The transaction is scheduled to close at the end of November. The purchase price was not disclosed.
Manpower moved its headquarters to downtown Milwaukee earlier this year.

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