GREEN BAY, Wis., July 16,2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Whitney School Lofts Apartments, a 23-unit multifamily property located in Green Bay, Wisconsin. The property sold for $4.8 million, or $208.696 per unit.
“Achieving the highest price per unit ever recorded for a multifamily property in the Green Bay market reflects both the exceptional quality of Whitney School Lofts and the continued strength of investor demand for well-positioned multifamily assets,” said Patrick Suffield, director investments. “The property’s successful adaptive reuse design, institutional-quality construction and assumable HUD loan with a below-market interest rate created a rare investment opportunity that attracted significant interest from buyers seeking long-term stability and value.”
Suffield, investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, a developer that transformed a former school into one of Green Bay’s premier luxury apartment communities through an extensive adaptive reuse redevelopment. He also procured the buyer, an out-of-market investor completing a 1031 exchange.
Whitney School Lofts Apartments is situated on 1.48 acres at 215 N. Webster Ave. Built in 1918 and renovated in 2020, the building features a mix of one- and two-bedroom units across 19,725 rentable square feet. The community is situated within walking distance of downtown Green Bay, the Fox River and numerous dining, retail and entertainment destinations.
