Affiliates of Milwaukee-based Shoreline Real Estate Co., owned by the Crichton family, recently purchased a portfolio of five historic buildings on North Prospect Avenue on Milwaukee’s East Side.
The portfolio includes the three-story White Manor building at 1228-36 E. Juneau Ave.; the seven-story Lakeshore Building at 1224 N. Prospect Ave.; the nine-story Art Deco Building at 1252-60 N. Prospect Ave.; a two-story, 3,792-square-foot, 152-year-old building at 1216 N. Prospect Ave.; and a two-story, 3,365-square-foot, 118-year-old building at 1234 N. Prospect Ave.
The properties, located in the Yankee Hill neighborhood where downtown Milwaukee meets the East Side, are near Burns Commons and the end of the new downtown Milwaukee streetcar line.
Addresses: 1228-36 E. Juneau Ave.; 1216, 1224, 1234 and 1252-60 N. Prospect Ave., Milwaukee
Buyer: Shoreline Real Estate Co.
Seller: Prospect Avenue Real Estate Holdings LLC and Matex Real Estate Holdings LLC
Sale Price: $9.8 million