Greysteel, a national commercial real estate investment services firm, has arranged the sale of Blue Ribbon Lofts; a 95-unit partially affordable multifamily community located at 901 W. Winnebago Street Milwaukee, WI 53205. The transaction team was led by Greysteel Director John Marshall Doss and supported by Sr. Managing Director, Doug Banerjee, and Sr. Associate Murphy Holloway of the National Affordable Housing Investment Sales team.
Originally built in 1911 as the Pabst Blue Ribbon kegging and storage facility, Blue Ribbon Lofts underwent in extensive remodeling and renovation project in 2008. Today this historic property hosts Class A amenities with its exposed brick and loft style apartment units. Amenities that include a 24-hour fitness center, community room, movie theater, business center, conference room, picnic area, playground, and storage units. Located in the heart of the Brewery District on the Northwest edge of Downtown Milwaukee, Blue Ribbon Lofts hosts a walk score of 81 and is only a 20-minute walk and a 10- minute bike ride to the heart of Downtown Milwaukee and Lake Michigan. In addition to its convenient location to Downtown and Lake Michigan, the Property is also less than one mile from Marquette University and 0.5 miles from Fiserv Forum (Bucks Arena).
“Greysteel congratulates the Blue Ribbon Lofts owner and LIHTC developer on a very successful sale of the historic building,” said Mr. Doss. “The city of Milwaukee is beginning to get a lot of recognition from the investment community and the buyer of this property is equally excited to have this iconic property in their portfolio as well as continuing to provide affordable housing in the rapidly growing Brewery District of Milwaukee.”
About Greysteel:
Greysteel is a commercial real estate and capital markets services firm with 15 offices located in New York, NY; Los Angeles, CA; Dallas, TX; Fort Worth, TX; Austin, TX; Newport Beach, CA; Metairie, LA; Washington, D.C.; Philadelphia, PA; Phoenix, AZ; Denver, CO; Baltimore, MD and Norfolk, VA. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets. www.greysteel.com
