TPG Real Estate and Crestlight Capital Complete Acquisition of Schlitz Park Office Campus
TPG Real Estate (TPGRE) and Crestlight Capital (Crestlight) have closed the previously announced acquisition of the iconic Schlitz Park office campus. Terms of the transaction were not disclosed.
On December 20, 2018, TPGRE and Creslight signed an agreement to acquire Schlitz Park through a joint venture formed by the companies. The joint venture acquired the 32-acre riverfront office complex from The Brewery Works, Inc., the development and ownership group led by the Grunau and Sampson families. The acquisition marks the first made by the joint venture, which was formed to acquire unique, high-quality office properties in select cities across the Midwest.
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