EXCLUSIVE: Harrison Street JV acquires asset in Milwaukee

Correction: The headline was updated.  In the Oct. 5 IREI email the headline reported "Harrison Street JV acquires hotel in Milwaukee." The joint venture acquired a carrier hotel, a specialized type of data center.

1547 Data Center Real Estate Fund II, an affiliate of fifteenfortyseven Critical Systems Realty, an owner, operator and developer of data center space, in partnership with Harrison Street, has acquired AH Wells Building in Milwaukee, Wis.

The 15-story, 165,000-square-foot building located at 324 East Wisconsin Avenue was purchased from Ascendant Holdings, a Wisconsin-focused commercial real estate development and investment company.

“We are thrilled about this acquisition, our first with Harrison Street,” said J. Todd Raymond, CEO of 1547. “The AH Wells Building is a strategic fiber convergence point in the Upper Midwest with significant upside value as edge data center requirements continue to grow exponentially. Our