Real estate deals of the week

Sale completed for Pabst brewery building
BC Pabst Holdings
, whose principals are Matt Chmura, former Green Bay Packer Mark Chmura and Sonny Bando, recently closed on their purchase of the 14,000-square-foot former wagon room/research lab/paint shop building at the former Pabst brewery complex from Zilber Ltd. founder Joseph Zilber. The three-story, 14,000-square-foot building is adjacent to the three-story, 28,000-square-foot former research lab building that BC Pabst Holdings purchased in June and has been renovating. "

Since the buildings are connected, it was a very logical step to acquire (the 14,000-square-foot building)," BC Pabst Holdings said in a statement. "We now have 42,000 square feet of available space at this prime location. Our response from the marketplace for this location has been very positive." The buildings are located on the west side of the brewery complex, along I-43. Zilber said the redevelopment of the complex from a brewery into a mixed-use neighborhood is gaining momentum. "Our first phase involved remediation and limited demolition," Zilber said. "The second phase involved some demolition and site preparation, which led to the sale of our first four buildings and the land preparation for future development. In phase three, we are moving quickly forward to market the remaining available space and raw land. The response has been beyond our expectations and we anticipate making a number of announcements before the end of the year."

Large Watertown building sold
Montgomery Properties LLC
recently purchased a 191,000-square-foot building at 426 S. Montgomery St., Watertown, from MCF I LLC. Karen Johnson and MayBritt Lian of NAI MLG Commercial represented the buyer and Pete Slezak of Colliers Barry represented the seller. The building will be repositioned from a single-tenant facility into a multi-tenant facility. The City of Watertown currently occupies 60,000 square feet of space in the building, using the space as a maintenance facility.

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

No posts to display