Industrial Property Sells in West Allis
MILWAUKEE, June 8, 2022
The Barry Company, a leading southeast Wisconsin commercial real estate company headquartered in downtown Milwaukee announced today that 2077 Investors, LLC has sold its 11,965 sq. ft. industrial property located at 2077 S. 116th St., West Allis, WI to Julien Investments, LLC on June 1, 2022.
David Barry of the Barry Company represented the seller in this transaction. The building most recently served as office space. “During the pandemic, office space consumption decreased substantially, and we had to find a different purpose for the building,” commented Barry. “We felt that the building would work well as a “flex” building, with a combination of office and warehouse space, and we felt that market was slightly underserved. We marketed the property as such and immediately found a tenant for the property. Because the owner wanted to sell the building, we ultimately completed the lease and then sold the building as an investment, thereby capitalizing on a strong investment market for commercial and especially industrial property.”