April 10, 2019
Milwaukee – Transwestern Commercial Services (TCS) today announces it brokered the sale of downtown Milwaukee’s most iconic retail real estate, The Watts Building at 751 – 765 N. Jefferson St. The property was purchased for $1.5 million by Continuum Architects, which plans to move its headquarters to the second floor and rejuvenate the property.
The first floor currently occupied by Kessler’s Diamonds and DeLind Fine Arts Appraisals will remain retail space. TCS Executive Vice President Daniel Walsh provided investment services on behalf of Continuum. He has also been retained to lease the 5,000 square feet of available first-floor retail space.
The Watts Building is the former home to Milwaukee luxury gift retailer George Watts & Son Inc., established in 1870, which operated its showroom and James Beard Award winning Tea Shop in the property for nearly 100 years.
ABOUT TRANSWESTERN COMMERCIAL SERVICES
Transwestern Commercial Services (TCS) is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service and innovative client solutions. Applying a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global organization adds value for investors, owners and occupiers of all commercial property types. We leverage market insight and operational expertise from across the Transwestern enterprise, which includes firms specializing in development and real estate investment management. TCS has 34 U.S. offices and assists clients from more than 200 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.