A developer has purchased Johnson Controls` downtown Milwaukee office complex for $24 million. Housing likely among its new uses.


A developer has purchased Johnson Controls` downtown Milwaukee office complex for $24 million. Housing likely among its new uses.
A developer whose portfolio includes housing and a hotel has completed his purchase of Johnson Controls Inc.`s downtown Milwaukee office buildings. Two investment groups led by Bear Development LLC President S.R. Mills bought the buildings, which total more than 420,000 square feet. That includes the seven-story, 120,000-square-foot Brengel Technology Center, which opened in 2000 at 507 E. Michigan St., and six older buildings. Johnson Controls sold the buildings to Mills` groups, Breg 507 LLC and Breg Holdings LLC, for $24.1 million... ...more

- - Volume: 9 - WEEK: 41 Date: 10/7/2021 10:32:11 AM -

A developer whose portfolio includes housing and a hotel has completed his purchase of Johnson Controls Inc.`s downtown Milwaukee office buildings.

Two investment groups led by Bear Development LLC President S.R. Mills bought the buildings, which total more than 420,000 square feet.

That includes the seven-story, 120,000-square-foot Brengel Technology Center, which opened in 2000 at 507 E. Michigan St., and six older buildings.

Johnson Controls sold the buildings to Mills` groups, Breg 507 LLC and Breg Holdings LLC, for $24.1 million...

...more