October 31, 2014 (Milwaukee, WI) — On October 31, Madison-based Sara Investment Real Estate acquired The Tannery, a multi-building complex located in the quickly developing Fifth Ward of Milwaukee, Wisconsin.
The five-building campus adds an additional 243,472 square feet to Sara’s portfolio. Executive Vice President, Traci Dalsin stated, “We are very excited to add this property to our portfolio and look forward to increasing our presence in the Southeastern Wisconsin market.”
Formerly the Pfister & Vogel Leather Company’s tannery, the campus was redeveloped into an office complex during the 1990s. Today, the campus is 89% occupied and is home to a unique mix of tenants, ranging from a restaurant/distillery to health care, creative, legal, and technology based professional office and retail occupants.
Sara Investment Real Estate worked with Ben Adank, Scott Revolinski and Ned Purtell of RFP Commercial on the acquisition.
About Sara Investment Real Estate:
Sara Investment Real Estate manages more than 70 properties throughout Wisconsin, Minnesota and Illinois. Since it was founded in 1997, Sara Investment Real Estate has worked diligently to provide tenants, investors, and more importantly, the community a holistic approach to real estate. Sara provides brokerage, leasing, property management, financing, investor relations and developmental services to foster prime real estate and partnerships in the community.