Five-story, 49,000 square foot building on Lower East Side has new owner

MILWAUKEE -- A five-story building on Milwaukee's Lower East Side has a new owner.

A Milwaukee development group bought the office and retail building for a cool $2.9 million.

It is located on the corner of Milwaukee and Water Streets.

Among many things, it had been housing the "Julien Shade Shop," which will now be moving to West Allis.

It's unclear at this point what will be going into the 49,000 square foot building.

CLICK HERE for more on this story via the Milwaukee Business Journal.