Peck family purchases Laacke & Joys building on Water Street

MILWAUKEE -- The Peck family has purchased the Laacke & Joys building in Milwaukee's Park East Corridor.

The family known for its philanthropic work in Milwaukee purchased the building for nearly $2.6 million.

The four-story white building is located on Water Street between Cherry and Pleasant, and is leased to Laacke & Joys, which has a store in the building and uses the upper floors for manufacturing.

A Peck family spokesman says he hopes Laacke & Joys will stay on the property.

Laacke & Joys didn't respond to a call for comment, but a few months back, company president Marsha Mather said their lease expires in October of next year, and the company is looking for a new location for its manufacturing operations.

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