First Business

October 10, 2013

Clarion Partners exits local industrial market with $20.5M sale

Biynah Industrial Partners LLC of Minneapolis has paid $20.5 million for five industrial buildings in Milwaukee, Franklin and Pewaukee, according to Colliers International/Wisconsin.

The seller is Clarion Partners, of New York, which has officially exited the Wisconsin industrial market through this latest sale. The deal includes a combined 422,950 square feet of building space.

â;€Âoe;We really have enjoyed working with Clarion over the past eight years, so it is somewhat bittersweet for us to seeâ;€¦;

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