June 2, 2017 Comments Off on Bentall Kennedy, Kuwaiti Bank Complete First U.S. CRE Investment Views: 716 Midwest, National News, Wisconsin

Bentall Kennedy, Kuwaiti Bank Complete First U.S. CRE Investment

Toronto-based Bentall Kennedy acquired a 280,000-square-foot office building in Milwaukee, WI for an undisclosed amount. The property at 100 W. Manpower Pl. currently serves as ManpowerGroup’s world headquarters.

It is the first real estate transaction that Bentall Kennedy completed on behalf of Warba Bank K.S.C.P., a Kuwaiti public shareholding company. The new partnership, with Bentall Kennedy serving as a U.S. real estate investment advisor and co-investor, is focused on acquiring U.S. real estate.

The institutionally-maintained, Class A asset is situated along the Milwaukee River in the Downtown West submarket. ManpowerGroup recently extended its HQ commitment through 2031.

CBRE represented the seller, The Brewery Works, Inc.

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