• Vacancy rate increased slightly to end the year, climbing 17 bps to 14.9%.
  • Average asking lease rates increased $0.13-per-sq.-ft. to $18.71 – the highest average rate recorded since CBRE began tracking the Milwaukee market in 2007.
  • Husch Blackwell LLP agreed to anchor J. Jeffers and Co.’s $50 million Broadway Connection, at the corner of East Clybourn Street and North Broadway in Downtown Milwaukee.
  • Schlitz Park to be sold for an undisclosed price to Fort Worth-based TPG Real Estate and Detroit-based Crestlight Capital.