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Wednesday, March 4, 2015
Quad to move commingling operations from New Berlin to Pewaukee
March 4, 2015 11:10 AM
Sussex-based Quad/Graphics Inc. has leased the second of two warehouses in Pewaukee that were formerly occupied by American TV & Appliance and plans to move its commingling operations there from New Berlin.

“It gives us room to grow that operation,” said Quad spokeswoman Claire Ho.

When American TV went out of business last year it vacated a 188,210-square-foot warehouse and a 99,740-square-foot warehouse at W288 N2801 Duplainville Road in Pewaukee. The buildings are owned by Atlanta-based The Westmoreland Company.

Quad leased the smaller of the two former American TV warehouse buildings last year and recently signed a lease for the larger building, according to sources.

Mike Judson and Mark Gorski of Judson & Associates were the listing brokers for the former American TV warehouse buildings. Judson confirmed that a lease has been signed recently for the 188,210-square-foot building, but declined to say who the tenant is.

The former American TV warehouses are located near Quad’s print production facility at W224 N3322 Duplainville Road.

Ho confirmed that Quad is leasing the 188,210-square-foot former American TV warehouse in Pewaukee and said the company will move its commingling operations there from its current location in a 225,000-square-foot building at 5600 S. Moorland Road in New Berlin. The New Berlin building is also occupied by Tempt In-Store Productions, a division of Quad/Graphics, which will remain at that location.

“Tempt will continue to grow in New Berlin,” Ho said.

Quad established the commingling center at the New Berlin facility in 2013. The commingling process merges individual letter-size mail pieces from multiple clients into a single mail piece that qualifies for U.S. Postal Service presort discounts and dropship savings. The process, done for direct mail clients, qualifies for the most advantageous postage rates while also giving marketers the ability to track their campaigns at the per-piece level, according to Quad. The company says its “massive commingling volumes drive the greatest possible postal savings while speeding in-home delivery predictably and efficiently.”

Quad will be able to expand its commingling center in Pewaukee, where it will not have to share space with the Tempt operations. The commingling operations will utilize the entire 188,210-square-foot building, Ho said. Work to move commingling equipment from New Berlin to Pewaukee will begin in April and will be complete in June, she said.

The Quad lease of the former American TV warehouse buildings removes a significant amount of supply from the Waukesha County industrial real estate market, which had a vacancy rate of only 3.62 percent in the fourth quarter of 2014, according to Xceligent data. The county absorbed 235,818 square feet of industrial space in the fourth quarter and 350,484 square feet in all of 2014.

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Design team finalists selected for Lakefront Gateway project
March 4, 2015 10:39 AM
Milwaukee city and county officials have selected four design teams, from a group of 24 applicants, as finalists for a design competition for the Lakefront Gateway project.

The project will create a public plaza on a 1.5-acre site just west of Discovery World.

The four design team finalists for the project are:
  • A team led by New York-based landscape design firm James Corner Field Operations, which will also include: LaDallman Architects, Robert Silman and Associates, Kapur & Associates, Mailu Knode, Dan Euser Water Achitecture, HLB Lighting and Applied Ecological Services.
  • A team led by the Solana Beach, Calif.-based Office of James Burnett, which will also include: Johnsen Schmaling Architects, Buro Happold Engineering, Focus Lighting, Shore Art Advisory, K. Singh & Associates and Fountain Source.
  • A team led by Los Angeles-based AECOM, which will also include: URS, Tillotson Design Associates, Cynthia Reeves and Delta Fountains.
  • A team led by Milwaukee-based Graef USA, which will also include, PFS Studio, Dan Euser Water Architects, Rinka Chung Architecture andNewaukee.
The teams’ submissions are expected by early June. Their designs will be available for public review this summer. Public comments will be sought.

A judging committee will selecte the winning design in late summer or early fall.

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Redevelopment planned to convert historic building near Schlitz Park into apartments
March 4, 2015 10:56 AM
Rick Wiegand, the owner of the Ambassador Hotel and the Ambassador Inn, is planning another redevelopment project to transform the former F. Mayer Boot and Shoe Co. building into an apartment complex.

The building, constructed in 1892 and listed on the National Register of Historic Places, is located at 100 E. Pleasant St. near the Schlitz Park complex near downtown Milwaukee. The six-story, 193,988-square-foot red brick building is known as the Milwaukee Fortress Building.
The cost of the redevelopment project is estimated at $52.7 million. The Wisconsin Economic Development Corp. in January agreed to provide up to $9.15 million in historic preservation tax credits for the project.

Work is expected to begin this year and be completed by 2019. Once completed, there will be 176 apartment units in the building.

The building is currently used for office space, but is only about 40 percent leased.

The building is located near an area that is attracting a significant amount of new apartment development including Mandel Group Inc.’s North End project and Rhythm, a seven-story 140-unit apartment development planned for a site at 1632-1640 N. Water St.

Wiegand could not be reached for comment.

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Boucher plans Kia dealership in Menomonee Falls
March 4, 2015 11:04 AM
Boucher Automotive Group plans to build a Kia dealership and a Quick Lane service center in Menomonee Falls.

Boucher has submitted plans to the village for a 22,321-square-foot Kia auto dealership building and a 25,022-square-foot Quick Lane building on a 7.7-acre site at N81 W12920 Leon Road. Quick Lane is a trademark of Ford Motor Company.

The site has been vacant since 2000 when an office building constructed in the early 1960s was torn down. The site faces U.S. Highway 41/45 and is adjacent to a Woodman’s grocery store.
Boucher plans to have 65 employees in the two building, according to plans submitted to the village.

The site is located just five miles west of the Boucher Kia dealership at 8730 N. 91st St at 91st and Brown Deer Road in Milwaukee. The future of that location is to be determined, said Boucher Group general counsel Dan Nienhuis.

“It’s subject to manufacturer input and approval,” he said. “At this point it’s very preliminary. I’m not exactly certain what Kiw will want to do with that store.”


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Zilber plans spec industrial building in Menomonee Falls
March 4, 2015 11:03 AM
Zilber Property Group plans to build a 146,423-square-foot speculative industrial building on a site south of Manhardt Drive and east of Lilly Road in Menomonee Falls.

The building will have space for up to four tenants and a 190-space parking lot, according to plans submitted to the village.

Laster, Zilber Property Group plans to build a 178,577-square-foot industrial building on the site, as the second phase of its development.

The site was formerly occupied by the Best Block Company and its corporate affiliate, BBC Properties East.

The project is the latest in a growing number of speculative developments planned in the Milwaukee area as developers seek to take advantage of the region’s strong industrial real estate market. The region’s industrial space vacancy rate was 5.13 percent and Waukesha County’s industrial space vacancy rate was 3.62 percent in the fourth qarter of 2014, according to Xceligent data.


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Real estate odds and ends
March 4, 2015 10:58 AM


Versant to move to Third Ward
Branding, marketing and communications firm Versant announced today that it will move its headquarters office from the far northwest side of Milwaukee to the city’s Historic Third Ward neighborhood. Versant’s office is currently located at 11000 W. Park Place.Its new location will be in the Landmark Building at 316 N. Milwaukee St. The company is leasing nearly 3,000 square feet in the Third Ward building. It will make the move on May 1. There will be about 15 employees in the office. “Our lease is up here (in the Park Place building),” said Versant chief executive officer Will Ruch. “We’ve been looking for an opportunity to get down to the vibrancy of that area. We think that’s going to be a great place for our people and our clients.”

Summit Credit Union to open new Waukesha branch
Madison-based Summit Credit Union plans to open a new branch at 1103 Spring City Lane in Waukesha on March 23. The credit union, which merged with West Allis-based Greater Milwaukee Credit Union in March 2014, is building the 3,400-square-foot branch to replace its current Waukesha location, at 2140 W. St. Paul Ave. That branch will close on March 21. Madison-based Strang Inc. is constructing the new facility, which will have a mostly glass façade and will include a drive-through teller area with canopy. Inside, teller pods will replace traditional teller lines, which Summit feels create a more welcoming environment. Summit Credit Union has 30 locations throughout the Madison and Milwaukee areas, with more than 142,000 members and $2.1 billion in assets.

Panda Express planned in West Bend
Milwaukee-based West Bend Real Estate Investment LLC plans to build a 2,635-square-foot Panda Express restaurant at 1200 S. Main St. A former Dairy Queen restaurant building on the site will be demolished.

Spec industrial building planned in West Bend
Rasmussen Industrial properties plans to build a 20,000-square-foot speculative industrial building on a vacant 3.5-acre site at the southeast corner of Enterprise Street and Stockhausen Lane in the Wingate Creek Business Park in West Bend.

Home planned on narrow East Side lot
Robert Schmidt plans to build a two-story, 2,146-square-foot single family home on a narrow lot at 2131 N. Terrace Ave. on the East Side of Milwaukee.

Bublr Bike station planned near Brady Street
Midwest Bike Share plans to add a Bublr Bikes public bike share station at the Three Holy Women (St. Hedwig’s) parish building at 1702 N. Humboldt Ave. near Brady Street on the East Side of Milwaukee.

New restaurants planned in Milwaukee
Baba Ghanouj Inc. plans to open a restaurant, called Baba Ghanouj, at 1888 N. Humboldt Ave. in Milwaukee’s Lower East Side neighborhood. The registered agent for Baba Ghanouj Inc. is Emad Abdelsalam of Pewaukee, according to state records. Foot Paw LLC plans to open a restaurant called Amilinda at 315 E. Wisconsin Ave. in downtown Milwaukee. The registered agent for Foot Paw is Orry Leon of Milwaukee. Strada Company LLC plans to open a restaurant called Strada Pizza at 2301 S. Howell Ave. in Milwaukee. The registered agent for Strada Company is Fekrije Besiri.



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Leases
March 4, 2015 10:47 AM

Colliers International|Wisconsin

Building DFGI Investor LLC leased 6,698 square feet of industrial space at the Mitchell Industrial Park in Cudahy.

Mid-America Real Estate

Cho’s Martial Arts leased 3,800 square feet of space in Colonial Plaza at N89 W16899 Appleton Ave., Menomonee Falls.

Commerce State Bank leased 3,289 square feet of space in Autumn Grove Plaza at 12750-950 W. Bluemound Road, Elm Grove.

Bath & Body Works renewed its lease of 2,782 square feet of space in Southport Plaza at 6804 Green Bay Road, Kenosha.

AT&T leased 2,000 square feet of space at the northwest corner of South 108th Street and West Oklahoma Avenue in West Allis.

Jimmy John’s leased 1,744 square feet of space at the northeast corner of Moorland Road and Greenfield Avenue in Brookfield.

Chiropractic First leased 1,656 square feet of space in Hillside Terrace at 2728 Hillside Dr., Delafield.

Underground Station renewed its lease of 1,471 square feet of space in the Shops of Grand Avenue at 275 W. Wisconsin Ave., Milwaukee.

The Pita Pit leased 1,285 square feet of space at 2735 W. Oklahoma Ave., Milwaukee.

EYE trendZ leased 1,221 square feet of space at Kenosha Pointe at Green Bay Road and Washington Road in Kenosha.

NAI MLG Commercial

Xperience Fitess leased 33,340 square feet of space at 6211-15 S. 27th St., Greenfield, from College Venture JV LLC.

Morgan & Meyers Inc. leased 13,258 square feet of space at N16 W23233 Stone Ridge Dr., Waukesha, from N16 W23233 Stone Ridge Drive Holdings LLC.

Larson Engineering of Wisconsin leased 3,628 square feet of space and Fischer-Unitech leased 2,200 square feet of space at 1126 S. 70th St., West Allis, from 1126 West Allis Operating Associates Limited Partnership.

First Bank Financial Centre leased 1,684 square feet of space at 400 E. Wisconsin Ave., Milwaukee, from Curry-Pierce Limited Partnership.

Papa John’s leased 1,448 square feet of space at 5205 Washington Ave., Racine, from Associated Bank.

The Original FRED leased 1,154 square feet of space at 706 N. Milwaukee St., Milwaukee, from Curry-Pierce Limited Partnership.

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Sales
March 4, 2015 10:50 AM

Colliers International|Wisconsin

Phoenix Investors purchased a 46,784-square-foot building at 4041 N. Richards St., Milwaukee, for $1.45 million.

4C-For Children purchased the 13,950-square-foot office building at 1736 N. 2nd St., Milwaukee, for $650,000.

Hartland Senior Living purchased the building at 430 and 438 Merton Ave. in Hartland for $306,000.

DTZ Barry

Naturescape purchased a 1,997-square-foot building at S63 W13510 Janesville Road, Muskego, from BMO Harris. The building was formerly occupied by a Harris Bank branch. Naturescape, a landscape and property maintenance company, will move its corporate headquarters to the building.

Mid-America Real Estate

Inland Real Estate Acquisitions Inc. purchased The Plaza at Prairie Ridge at 10288 77th St., Pleasant Prairie.

NAI MLG Commercial

Churchill Enterprises LLC purchased 35,219 square feet of space at 2081 S. 56th St., West Allis, from Securant Bank & Trust.

Lao Christian Church purchased 12,670 square feet of space at 2400 N. Brookfield Road, Brookfield, from Peace United Methodist Church.

EAD Purchased a 3,000 square feet at N59 W14200 Bobolink Ave., Menomonee Falls, from SCS Wisconsin Inc.

Siegel-Gallagher

Kwik Trip purchased 2.7 acres of land at 7880 S. 10th St., Oak Creek, from William Zimmerman.

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Real estate people
March 4, 2015 10:44 AM

Palec joins Colliers as partner
Steve Palec, one of the most prominent office space brokers in Milwaukee, recently left his postion leading Cresa’s Milwaukee office to become a partner at Colliers International|Wisconsin in Milwaukee. At Colliers, Palec will lead the company’s Occupier Services platform, representing some of the area’s largest corporate real estate users. Palec has 30 years of experience in Milwaukee’s commercial real estate market starting his career at the Polacheck Company where he became a shareholder and spent five years at CBRE after that firm acquired Polacheck.

“As proud as I am to have built a dynamic tenant representation business (at Cresa), I truly missed being with a prominent and energetic team of professionals as the Colliers team has built over that past two decades,” Palec said. “It sounds like a cliché but clichés are true…for me, this is all about my clients. The clout this gives my clients is spectacular. The Colliers people have always had my utmost respect. Our cultures and business philosophies couldn’t be more aligned.”

Marketing manager Dani Kapitz and tenant advisor Ben Anderson also recently joined Colliers International|Wisconsin.

Ferron joins Boerke Company’s industrial team
David Ferron, formerly real estate and development manager for Milwaukee-based Paul Davis Restoration, has joined Milwaukee-based The Boerke Company as a commercial real estate advisor, where he will work with the firm’s Industrial Services Team.

“Now was the right time in my career to take all my past experience and successes into a respected and well established commercial real estate firm like The Boerke Company,” said Ferron. “The company’s Alliance with Cushman & Wakefield and opportunity to work with such an experienced group of commercial real estate professionals were the two big driving factors for me coming on board here.”

At Paul Davis Restoration, Ferron managed the renovation of dozens of buildings, including a two city block redevelopment of former industrial buildings, converting them to institutional (MATC) and service (BLAST) uses. He also managed the redevelopment and ground up construction of a 40,000 SF flex building which achieved full occupancy prior to completion.

“Having David join our firm adds an additional level of knowledge and experience in the development and redevelopment of commercial properties to our already excellent Industrial Team,” said Jack Price, a partner at The Boerke Company. “David has a lot of relationships in the community, and combining that with his years of experience in the industry really extends our scope of services we can offer current and future clients.”

Prior to Ferron’s 10 years at Paul Davis Restoration, where he negotiated the leasing and disposition of numerous commercial properties, he worked at the Tews Company, which was sold to the Lafarge Corporation in 1996, as the vice president and general manager of the $10 billion commercial building materials company.

Morley promoted at EUA as Design Practice Team leader
TJ Morley was promoted to Design Practice Team leader of Milwaukee-based Eppstein Uhen Architects. As Design Practice leader, Morley will support design within the firm and also continue to serve clients on projects.

“I am excited to hand off this position to TJ,” said EUA CEO Greg Uhen. “I have watched TJ grow throughout his years at EUA.  He is an asset to the firm and will provide excellent design leadership to the EUA team.”

Morley has worked for EUA for more than 20 years. Overall he has more than 25 years of experience in design. At EUA he has worked as an architect, manager and lead design architect. He has worked on projects in many markets, completing projects in health care, learning environments, workplace, retail, hospitality, urban design and mixed-use development.

“I am thrilled to help support, develop and grow our design talent here at EUA,” Morley said. “Building upon our longstanding success, I look forward to elevating the future of EUA design.”

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Andrew Weiland This exclusive news bulletin is compiled by BizTimes Milwaukee reporter Andrew Weiland. This bulletin is published every Wednesday morning. Send real estate news tips to Andrew.Weiland@biztimes.com or call him at (414) 336-7120.


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