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