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Milwaukee Tower Gets a Big Boost

MILWAUKEE—Five Mile bought the building last year and has set a goal of renovating it and boosting occupancy.

By Brian J. Rogal | Updated on January 21, 2015

MILWAUKEE—Riverview Realty Partners, an affiliate of Five Mile Capital Partners LLC, has just secured the past year’s largest new office lease in downtown Milwaukee, a major step in its effort to revive the 411 East Wisconsin building, one of the most notable properties in the CBD. Northwestern Mutual has agreed to occupy 56,320-square-feet on the building’s seventh and eighth floors, as well as the lower-level concourse area.

Last year, occupancy in the building had sunk to 78%, Riverview officials say, below most of the other class A properties in the CBD. But this new deal with Northwestern, which will commence on or about March 1, will boost the rate to 86%.

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