Newmark is marketing two fully renovated Class-A office buildings totaling 287,000 square feet in Milwaukee, Wisconsin.
The adjacent buildings, One Park Plaza and Liberty One, can be sold individually or as a portfolio. Newmark Executive Managing Director Jim Postweiler has been retained as exclusive sales agent for the property. Senior Managing Directors Peter Harwood and Derek Fohl and Associate Director Jack Trager are providing transaction support.
One Park Plaza is a 12-story, 199,326-square-foot Class-A office building at 11270 W. Park Place in Milwaukee. Originally constructed in 1984, the building underwent an extensive renovation in 2021 totaling $3 million in capital improvements. The property offers amenities including a newly renovated lobby, fitness center, conference center, café with food service, tenant lounge and golf simulator. The building is 82 percdnt leased to 15 tenants with a remaining weighted average lease term of 8.4 years.
Liberty One is a three-story, 88,016-square-foot Class-A office building at 11414 W. Park Place in Milwaukee. It was originally built in 2004 and completed an extensive renovation in 2021, undergoing $1 million in capital improvements. The building offers a parking ratio of 5.0 spaces per 1,000 square feet and amenities including a newly renovated lobby and tenant lounge. The building is 38 percent leased to five tenants, including recent leases with U.S. Health Works Medical Group and Andres Medical Billing.
