Third Ward office building sold for $5 million

Timberworks Building acquired by Wauwatosa-based group

Last updated on May 15th, 2019 at 04:54 pm

The Timberworks Building, a five-story, 104-year-old building in the Historic Third Ward, was sold for about $5 million to a Wauwatosa-based investor group, according to state records.

Wauwatosa-based Revel 325 Chicago LLC purchased the 36,600-square-foot building at 325 E. Chicago St. from Milwaukee-based Monarch Partners LLC, according to state records. The registered agent for Monarch Partners is Greg Uhen, the CEO of Eppstein Uhen Architects, which has its office next door in the building at 333 E. Chicago St.

The 325 E. Chicago St. building, which was constructed in 1913, has an assessed value of about $3.3 million, according to city records.

Metro Eye, an optometrist and eyewear store, occupies space on the first floor of the building. The building has office space on its upper floors.

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Andrew is the editor of BizTimes Milwaukee. He joined BizTimes in 2003, serving as managing editor and real estate reporter for 11 years. A University of Wisconsin-Madison graduate, he is a lifelong resident of the state. He lives in Muskego with his wife, Seng, their son, Zach, and their dog, Hokey. He is an avid sports fan and is a member of the Muskego Athletic Association board of directors.

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