MILWAUKEE-An affiliate of Charlotte-based Allegiance Realty Corp., the owner of First Financial Centre at 700 N. Water St. in downtown Milwaukee, has handed over the building back to a trust in order to avoid a foreclosure. The 14-story building is situated at the northeast corner of East Wisconsin Avenue and North Water Street.
Allegiance bought the office building for $10.65 million in early 2007. A trust created by J.P. Morgan Chase Commercial Mortgage Securities Corp. in 2007 took back the property from Allegiance. For the full story, go to Business Journal Serving Greater Milwaukee .
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