Chicago firm buys Historic PH Dye House in the Third Ward
An affiliate of Singerman Real Estate, LLC, based in Chicago, Illinois, purchased the Historic PH Dye House, a 125,560-square foot multi-tenant office building in Milwaukee's Historic Third Ward with plans to renovate and re-lease the property.
The building, located at 320 E. Buffalo St., is home to tenants such as Engberg Anderson Architects, Thiel Design and Halling & Cayo, S.C. Andy Hess, Investment Division Principal at Founders 3 Real Estate Services, brokered the deal. Ned Purtell and John Davis of Founders 3's office brokerage team will continue as the leasing team at the PH Dye House.
(NOTE: The building was home to The Art Institute of Wisconsin, from 2010 until it closed in 2015.)
About Singerman Real Estate, LLC:
SINGERMAN REAL ESTATE, LLC ("SRE") is an opportunistic real estate investment firm that has deep experience executing complex transactions and unlocking embedded value through the ownership of properties, real estate loans and operating companies. SRE focuses on maximizing risk-adjusted returns through investments in both debt and equity across all major asset classes including office, retail, hotel, industrial, and multifamily, in addition to secondary real estate asset classes including student housing and senior housing. Since 2010, SRE sourced and executed, with partners, over $1.8 billion of investments across the major property types. For more information, visit singermanre.com.
Known as Founders 3, the new commercial real estate firm combines the resources of Commercial Property Associates, Inc., RFP Commercial, Inc., and Siegel-Gallagher Management Co. All three companies have deep local roots with a wealth of experience in the key areas of retail, office, industrial, and investment sales brokerage, along with property management. The new firm was launched in June 2017 and is comprised of 12 principals and over 230 Milwaukee area employees. For more information, visit founders3.com.
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