Home Industries Real Estate Rexnord’s new downtown HQ sells for over $72 million

Rexnord’s new downtown HQ sells for over $72 million

By
Alex Zank
-

The investors group that renovated a vacant downtown office complex for Rexnord Corp. is now reaping the benefits of its work just two years after acquiring the property. According to state records, 111 Michigan Partners LLC has sold the Rexnord headquarters, located 105-111 W. Michigan St., to Atlanta-based investors for nearly $72.2 million. 111 Michigan

Already a subscriber? Log in

To continue reading this article ...

Become a BizTimes Insider today and get immediate access to our subscriber-only content and much more.

Learn More and Become an Insider
  • Critical Milwaukee and Southeastern Wisconsin business news and analysis updated daily.
  • 16 issues per year delivered in print or digitally
  • Unlimited access to all insider only content on our website, on any device.
  • Free email alerts.
  • Extra bonus issues (STUFF and Giving Guide)
  • Discounted in-person event registration

Click here to purchase a sharable paywall bypass link for this Insider-only article.

RELATED ARTICLES

Copyright ©2024 BizTimes Media, LLC. All Rights Reserved.
The investors group that renovated a vacant downtown office complex for Rexnord Corp. is now reaping the benefits of its work just two years after acquiring the property. According to state records, 111 Michigan Partners LLC has sold the Rexnord headquarters, located 105-111 W. Michigan St., to Atlanta-based investors for nearly $72.2 million. 111 Michigan Partners is led by local developers Mike and Joe Klein. The buyer, RX Milwaukee WI Landlord LLC, lists its primary address in an Atlanta office complex. The Kleins bought the 150,868-square-foot office complex in early 2019 for $14.4 million. Rexnord started moving 120 employees into the building last summer. It was originally constructed in 1998. It is assessed at $14.45 million, according to city records. The sellers did not respond to a request for comment. The buyers could not be reached for comment.

BIZEXPO | EARLY BIRD PRICING | REGISTER BY MAY 10TH AND SAVE

Stay up-to-date with our free email newsletter

Keep up with the issues, companies and people that matter most to business in the Milwaukee metro area.

By subscribing you agree to our privacy policy.

No, thank you.
Exit mobile version