Six-building office portfolio deal

7800 N. 113th St.
7800 N. 113th St.
Credit: Colliers International | Wisconsin

Felton Properties Inc., a Portland, Oregon-based commercial real estate investment and management firm, made its entrance into the Milwaukee market this winter with the acquisition of six office buildings totaling 392,000 square feet in a $37.7 million portfolio deal.

Three of the buildings are in the Crossroads business park in the Town of Brookfield, at 20825, 20935 and 20975 Swenson Drive. The other three buildings are located in the Park Place office park, at 7800 N. 113th St., 11100 W. Liberty Drive and 11301 W. Lake Park Drive.

“(The deal) fits with our model of acquiring well-located assets with intrinsic value where we have the ability to significantly increase property value through our hands-on approach to leasing and management,” said Matt Felton, chief executive officer of Felton properties.


Buyer: Felton Properties Inc.

Seller: LSOP WI LLC

Price: $37.7 million

Size: 392,000 square feet

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Alex Zank
Alex Zank covers commercial and residential real estate for BizTimes. Alex previously worked for Farm Equipment magazine and also covered statewide construction news at The Daily Reporter. He graduated from the University of Wisconsin-Eau Claire, where he studied journalism, political science and economics. Having grown up in rural western Wisconsin, Alex loves all things outdoors, including camping, hiking, four-wheeling and hunting.