Parkland Center, a 222,704-square-foot office building on Milwaukee’s far northwest side, was recently sold for $20.8 million, according to state records.
The seller was a limited partnership affiliated with Griffin Capital of El Segundo, California. The new owner is a limited liability company affiliated with Workspace Property Trust of suburban Philadelphia.
Griffin Capital bought the building in 2013 for $26 million. At the time, it was entirely occupied by Wells Fargo Home Mortgage, until it ceased its operations there in 2015.
Located at 11200 W. Parkland Ave., the building’s tenants include FIS, a financial software company; Global Industrial, a seller of industrial products and office supplies; EQ Unify, an investment recovery firm; and Davians Café and Catering.
Address: 11200 W. Parkland Ave., Milwaukee
Buyer: Galaxy IL WI LP
Seller: The GC Net Lease (Milwaukee) Investors LLC