Ironwood Office Park
SCM invested as a limited partner with a strong local investment manager - Outlook Development Group. SCM has a solid past record with Outlook, which specializes in commercial real estate value-add deals and property management.
The complex consists of three buildings totaling 60,000sf of professional office with proximity to prime retail, highway transportation, and downtown Milwaukee.
We acquired this asset at a significant discount to replacement cost, along with high occupancy and low turnover. This gave us confidence that small improvements in key areas such as energy efficiency, brighter aesthetics, and more thoughtful marketing would further contribute to the bottom line.
Invested: Winter 2017
Status: Managed by Outlook Development Group