September 28, 2021
Real Estate

Real estate industry pros see major overhaul ahead for 100 East office building

Local commercial real estate professionals say the troubled 100 East office building in downtown Milwaukee could be turned over to a new owner that will invest heavily to reposition the building to better compete for…


Local commercial real estate professionals say the troubled 100 East office building in downtown Milwaukee could be turned over to a new owner that will invest heavily to reposition the building to better compete for tenants.

News broke yesterday the 465,960-square-foot building, at 100 E. Wisconsin Ave., was in foreclosure. Its operation is now in the hands of a receiver.

But there were signs of trouble for the building even before lenders filed a foreclosure lawsuit this spring.

The building is around 55% occupied, according to industry data sources. That fell from 83% a few years ago due to the loss of tenants like Michael Best &…

Read full article here: biztimes.com