Engineers purchases Walker’s Point building
Special to The Freeman
March 5, 2014
MILWAUKEE – An
affiliate of Pierce Engineers Inc. recently purchased the former
Kramer Foundry building in Milwaukee’s Walker’s Point
neighborhood for $1.15 million, state records show.
The $1.15 million was well above its most recent assessed value,
which was $789,000, according to city records.
The two-story, 9,300-square-foot building, 170 S. 1st St., was
sold by attorney Michael Polsky, a court-appointed receiver who
sold the building through a receivership process under Chapter
128 of state statutes.
Polsky sold the building for The 1818 LLC, an investment group
led by developer Tim Dixon.
Pierce Engineers is a structural engineering firm located in
Milwaukee’s Historic Third Ward. The building it purchased was
built in 1895 and was redeveloped by Dixon.
The first floor of the building has a Colectivo cafe and Stack'd