An affiliate of the ownership group, Sprecher Property LLC, acquired the brewery building at 701-711 W. Glendale Ave. for $2.41 million and the neighboring property at 725 W. Glendale Ave., which includes a 33,900-square-foot office building, for $825,000, state records show. The real estate sales closed on January 31st and the transaction was recorded with the state on Monday. Both properties were sold by Sprecher Brewing Company LLC.
The two properties have a total assessed value of $2.78 million, according to city records.
Just a week ago, a Milwaukee-based investor group led by Sharad Chadha acquired the 35-year-old company, which makes craft beer, hard seltzer, soda and sparkling water, from Randy Sprecher, who founded the brewery in 1985 and plans to retire, while maintaining a stake in the business as an investor.