CORFAC News

Milwaukee, WI (January 2, 2013) –The Dickman Company/CORFAC International has sold a 62,494-square-foot office building in Milwaukee on behalf of the seller and buyer for $5.8 million, announced firm Principals Samuel D. Dickman and Samuel M. Dickman, Jr. They were the only brokers involved with the sale.

Located at 544 South 1st Street in Milwaukee, the single-story building was constructed in 1952 as an industrial property and converted to an office building in 2007. The seller was 544 S. 1st Street, LLC and IndependenceFirst, Inc. acquired the property.

IndependenceFirst is one of the two tenants in the building and occupies approximately 39,084 square feet while the other tenant, First Edge Solutions, leases approximately 23,410 square feet.

The area where the property is located is known as the 5th Ward on S. 1st Street and near the place that the Kinnickinnic River becomes the Milwaukee River and merges with the Menomonee River.

About CORFAC International
CORFAC International (Corporate Facility Advisors) is one of the largest commercial real estate services organizations in the world. Founded in 1989, U.S.-based CORFAC is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services in North America, with coverage in South America provided by Panama-based Latin American Corporate Property Services. A Principal Member of FIABCI – the International Real Estate Federation with global affiliates in Europe and Asia, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged 10,000 completed transactions annually encompassing nearly 1 billion square feet and valued at more than $16 billion. For more information on CORFAC, contact 703.532.6160 or visit www.corfac.com.