In conjunction with Quarles & Brady LLP, Five Mile Capital Partners, has purchased downtown Milwaukee’s 411 East Wisconsin Building and the law firm has extended its anchor tenant lease for 10 more years. An affiliate of Five Mile, Riverview Realty Partners, will be the asset and property manager of the building. CBRE will lease the building for the owners.
“We always have been and plan to continue to be a major part of Milwaukee’s downtown, and the 411 Building is the ideal location for our local operations,” said Kathie Buono, Milwaukee office managing partner of Quarles & Brady. “The new owner’s willingness to make a significant investment in the building only solidified our firm’s commitment to sign on as a long-term tenant and further invest in downtown Milwaukee.”
Plans for the building under the new ownership include an investment of approximately $17.5 million to enhance and improve the building’s elevator systems, HVAC system, lobby, roof and adjacent parking structures. The investment also includes significant renovation and technological upgrades to Quarles & Brady’s 186,000 square feet of space on the top eight floors of the high-rise building.