Milwaukee - A private investor has purchased the three-story office building known as Chancellory Park II in the Bishop’s Woods Office Park from 350 North Sunny Slope Road Holdings, LLC. The 85,000 square foot building, located at 350 N. Sunny Slope Road, Brookfield, Wis. was fully leased to Thompson Reuters at the time of the sale. The Bishop’s Woods sale marks the first time since March 2010 that an office investment transaction has occurred in the Brookfield submarket. The transaction was completed as part of a 1031 trade.
Kenneth R. Braden, CCIM, SIOR of Milwaukee’s Cassidy Turley Barry, Michael P. Hanrahan and Paul Hilton of St. Louis-based Cassidy Turley were the listing brokers on the transaction. Craig Tomlinson of Tulsa, Okla.-based Stan Johnson Co. represented the buyer.
About Cassidy Turley
Cassidy Turley provides regional real estate services with local Milwaukee market leader Cassidy Turley Barry. Cassidy Turley Barry is the winner of three consecutive Deal of the Year awards from the Commercial Association of Realtors-Wisconsin (2008-2010), two consecutive Best Deal/Lease of the Year awards from The Business Journal (2009-2010) and was a awarded the 2010 Brokers of the Year honor by Riverworks Development Corporation.
Cassidy Turley is a leading commercial real estate services provider with over 2,800 professionals in 60 offices nationwide. The firm completed transactions valued over $13 billion in 2009, manages over 427 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, corporate services, project leasing, property management, project and development services, and tenant representation. Outside of North America, Cassidy Turley has served the international needs of its clients since 1985. In 2010, the firm enhanced its global service delivery through its partnership with GVA. The firm recently ranked in the Top 10 on the Lipsey Co.’s Commercial Real Estate Top Brands Survey, and was ranked #1 by Real Estate Alert for Office Sales in 3 of the Top 6 Markets. Please visit http://www.cassidyturley.com/ for more information about the company.
James T. Barry III, President