A bank and a Latin restaurant will occupy space in Casting Point, a retail and office building that Dixon Development is constructing in Walker’s Point. Castings Point is a $4.7 million, three-story building under construction southeast of Seeboth Street and South First Street. The building will have 9,100 square feet of retail space and 18,200 square feet of office space.
El Rey Sol, a gourmet Latin restaurant, plans to move from 2338 W. Forest Home Ave. into a 3,100-square-foot space on the first floor of Castings Point. The restaurant, owned by chefs Elvira Prado and Jose Mendieta, is expected to open at its new location in February. El Rey Sol serves Mexican, South American and Spanish cuisine and has drawn many customers from the downtown area, said Harry Van Oudenallen principal of Milwaukee-based Arquitectura Inc., which is designing the space.
“They’re drawing a lot of customers from what I call the condo set,” Van Oudenallen said. “The area they are in is a little rough right now.”
In addition, West Allis-based Maritime Savings Bank plans to open a full-service branch in the first-floor space in Castings Point. The bank plans to occupy 2,212 square feet of space in the building and will have an automated teller machine along the sidewalk on South First Street.
Maritime Savings wants to open the branch to serve its commercial customers in the area, said Matt Olson, executive vice president and chief operating officer for the bank.
“We do have a significant amount of commercial customers downtown,” Olson said.
By moving into Castings Point, Maritime Savings and El Rey Sol are entering an area of Milwaukee that is seeing an explosion of condominium and office space development. In addition to Castings Point, other projects currently under construction in the area include:
• First Place on the River, the $45 million redevelopment of the former Terminal Storage Co. building at 106 W. Seeboth St. by KeyBridge Development Group into a 12-story building with 154 condominiums and 20,000 square feet of commercial space.
• River Renaissance, a $32 million, eight-story building under construction by RivRen LLC at the southeast corner of Water and Erie streets that will have 82 condominiums and 17,500 square feet of retail space.
• Kramer Lofts, a $6.8 million, four-story building under construction by Dixon Development just east of Castings Point, with 3,200 square feet of retail space and 60 apartments.
• A four-story, 25,000-square-foot office building under construction at 161 S. First St. by Vetter Denk Architecture.
Maritime Savings also plans to open new branches in New Berlin, in a former State Financial Bank building at 15505 W. National Ave., and in Menomonee Falls in the Woodlands Preserve development being built by Weas Development and Richard Strong (former CEO of Strong Financial Corp.) at Good Hope Road and Appleton Avenue. Those branches are also planned to increase service to commercial customers, Olson said.
“We’ve had significant growth over the last five years in our commercial portfolio and we are trying to get our banks to the communities where they are based,” he said.
In addition, the bank plans to replace its Muskego branch in leased space at Lincoln Point Plaza at W137 S6360 W. Janesville Road with a new 10,000-square-foot building at S74 W17095 Janesville Road.
Maritime Savings Bank has about $315 million in total assets and currently has seven locations in Milwaukee, Brookfield, Cudahy, Oak Creek, West Allis, Muskego and Wind Lake.
Mandel Group plots more condos
Milwaukee-based Mandel Group is planning a two-building, six-story, 61-unit condominium development along Erie Street and the Milwaukee River and just southeast of Mandel’s Marine Terminal Lofts building, which has about 85 condominiums and 45,000 square feet of commercial space and is located at 120 N. Broadway in the Historic Third Ward. The new condo development will be called Domus. It will be built on a site currently used as parking lot. Construction is expected to begin in the spring.
Grafton
Advanced Healthcare plans to demolish its 22-year-old, 22,643-square-foot medical clinic at 215 W. Washington St. and replace it with a new 37,237-square-foot clinic. Advanced Healthcare will use its existing clinic until the new clinic is completed, then the existing clinic will be torn down. The new clinic will be built with a stonework and masonry exterior design. The existing clinic needs to be replaced because it is becoming functionally obsolete with small patient rooms and narrow hallways.
Bob Maechtle, who owns and operates Maechtle’s Custom Woodworking, plans to have his business occupy 2,048 square feet of a 4,352-square-foot industrial building at 617 Bridge St.
Hartland
R.C. Insurance Services Inc., an independent insurance agency, plans to build a new office building in the Bark River Commerce Center in Hartland and move its offices there from downtown Hartland. The company is currently located at 130 E. Capitol Drive, but has outgrown that location and needs more space. The new, two-story, 29,500-square-foot office building will be built on a vacant lot at the northwest corner of Walnut Ridge Drive and Richards Road. R.C. Insurance would occupy about one-fourth of the building and other tenants would occupy the remaining space.
The Midwest Twisters Gymnastics Academy plans to build a new training facility on a vacant site at 1220 Rose Drive, Hartland, and move there from its current location at 602 Industrial Court, Hartland. The academy has not decided how big the new facility will be, but it will probably be about 30,000 square feet in size, said Jack Nettesheim, one of the owners. The academy’s current facility in Hartland is a 10,000-square-foot building. “We need something bigger,” Nettesheim said. “We are outgrowing our capacity.” The academy owns the building on Industrial Court and the owners have not decided yet if they will sell the building, or keep it and lease it out, Nettesheim said. Established in 1983, Midwest Twisters Gymnastics Academy provides gymnastics and cheerleading classes for children. In addition to Hartland, Midwest Twisters has locations in Oak Creek and Franklin.
Brookfield
The Ratzel & Associates LLC law firm plans to move from its current location at 20300 Watertower Blvd., Suite 125, Brookfield, to a new, two-story, 8,279-square-foot office building that the firm plans to build on a one-acre lot at 3330 N. Springdale Road. A farmhouse, garage and shed on the property would be demolished for the project.
West Bend
Port Washington-based A.N. Ansay & Associates Inc. plan to build a two-story 6,600-square-foot building with retail and office space, and a 3,300-square-foot single-story office building on a 1.25-acre lot southwest of East Washington Street and Wisconsin Street. The two buildings would be separated by a raised pedestrian terrace flanked by a garden wall. The property is adjacent to the Eisenbahn State Trail corridor.
Badger Trailer Sales plans to build a 3,000-square-foot building for trailer retail sales on a lot northeast of West Washington Street and Villa Park Drive. The building would have a front office with a showroom and three 12-foot wide trailer bays.
Glendale
Johnson Controls Inc. plans to build a 5,220-square-foot battery testing center on its headquarters campus at 5757 N. Green Bay Ave.
Georgetown, Texas-based Embree Construction Group Inc. plans to build a 6,600-square-foot Goodyear Auto Service center on a vacant 0.67-acre site at 6126-36 N. Port Washington Road.
Bristol Brothers Office Supplies plans to occupy a tenant space in a multi-tenant building at 5225 N. Ironwood Road.
Brown Deer
Fox Point-based General Capital Group LLC plans to redevelop a seven-acre site at the northwest corner of North 60th Street and Brown Deer Road. Two single family homes and a small office building are being demolished for the project. Two retail buildings, one 10,000 square feet and the other 5,000 square feet, and a 27-unit condominium building and 25 townhouse-style condominiums, will be built on the property.
Milwaukee
North Milwaukee State Bank plans to move its branch at 9049 N. 76th St., Milwaukee, less than a mile southwest to 8200 W. Brown Deer Road.
The City of Milwaukee’s Department of City Development (DCD) has issued a request for proposals (RFP) seeking development proposals for a vacant 10.5-acre property just southwest of the Mitchell interchange. The city wants to see a single-family residential subdivision built on the property. The development could include a multi-family component. The city’s asking price for the property is $900,000. The RFPs are due on Dec. 18. The RFP is available at: www.mkedcd.org/realestate.
Mukwonago
Jim Jones plans to open a sports bar and restaurant called The Boneyard in a multi-tenant retail building owned by Dick Greenwald at 215 Bay View Road, which is near I-43 and Highway 83. The space was formerly occupied by Kids Connection, a day care center.
West Allis
Joanne Grace and Deanna Lyles plan to open a restaurant serving Southern style cuisine in the former Steel Horse building at 6215 W. National Ave. The Steel Horse closed in January when West Allis officials revoked the restaurant’s special use permit because its owner did not make required building and site improvements.
Waukesha
Milwaukee-based Heartland Development Group is planning a retail development on an 11-acre site at the northeast corner of Broadway and Les Paul Parkway in the Town of Waukesha.
St. Francis
Rick Michalski plans to build a 20,000-square-foot, two-story commercial building on a four-acre property at the northwest corner of Kinnickinnic Avenue and Howard Avenue. A grocery store will occupy the lower level and a pharmaceutical distribution operation will occupy the second level. Michalski plans to add a 10,000-square-foot addition to the building in the future. He also plans to renovate a vacant building on the property.
Asset Control LLC plans to renovate a storage building at 3775 S. Packard Ave. into a multi-tenant retail building. The tenants will include a coffee shop with a drive-through window.
Andrew Weiland is the managing editor of Small Business Times. Send news about commercial real estate to Andrew.weiland@biztimes.com or by calling him at (414) 277-8181 ext. 120. News can also be sent to Andrew Weiland, Small Business Times, 1123 N. Water St., Milwaukee, WI 53202.
Leases
Boerke Company Inc. Just For You Salon leased 1,302 square feet of retail space at 2331 W. Ryan Road, Oak Creek, from Specshep LLC (Cousin’s Sub Systems).
Dickman Company Inc.
Computer Sciences Corp. leased 208,000 square feet of space at 3420 N. 35th St., Milwaukee, from Murphy Real Estate II LLC.
Gerald Nell Inc.
Wild Goose Chase Inc. leased 1,600 square feet of industrial space at 3540 N. 126th St., Unit A, Brookfield, from G & N Investment Co.
CW Mortgage LLC leased 1,740 square feet of office space at 2505 N. Mayfair Road, Suite 271, Wauwatosa, from Sunset Investment Co.
GarageTek leased 2,400 square feet of industrial space at 2325 Bluemound Road, Unit C, Waukesha, from Sunset Investment Co.
Mad House Marketing Inc. leased 7,080 square feet of industrial space at 3225 Gateway Road, Unit 650, Brookfield, from Sunset Investment Co.
White Glove LLC leased 2,400 square feet of industrial space at 3695 N. 126th St., Unit F, Brookfield, from Sunset Investment Co.
Inland Companies
White Glove Professional Cleaners leased 2,400 square feet of office space at 3695 N. 126th St., Milwaukee.
Piper Jaffray leased 2,590 square feet of office space at 222 E. Erie St., Milwaukee.
Reliable Knitting leased 10,808 square feet of office space at the West Allis Center, 1126 S. 70th St., West Allis.
Mid-America Real Estate
McDonald’s leased 43,000 square feet of space at the southwest corner of 18th Street and 30th Avenue in Kenosha from Corretti Development LLC.
Digital Edge Copy leased 1,813 square feet of space at Ruby Isle Shopping Center on Calhoun Road in Brookfield from Ruby Realty.
NAI MLG Commercial
Batteries Plus leased 2,053 square feet of retail space at 6430 Green Bay Road, Kenosha, from Raymond and Associates.
OSI Environmental Inc. leased 15,000 square feet of retail space at 4700-02 N. 124th St., Wauwatosa, from Nana 1 LLC.
Oberweiss Dairy Inc. leased 4,550 square feet of industrial space at 9803-35 S. 13th St., Oak Creek, from St. John Properties Inc.
Specialty Restoration Services Inc. leased 5,000 square feet of industrial space at 2006-2142 S. 55th St., West Allis, from Fiduciary Management Inc.
Ogden & Company Inc.
R&R Swan Investments d.b.a. Molly Maid of Southern Milwaukee County leased 700 square feet of office space in the Valley View Office Building at 5307 S. 92nd St., Hales Corners.
Progressive Image Inc. leased an additional 3,082 square feet of space at 2345-85 S. Commerce Ave. in the New Berlin Industrial Park, bringing their total square footage to 23,840 square feet.
Zilber Ltd.
AVANTI Wind Systems Inc. leased 9,900 square feet of office space at TDB II, 5145 S. Emmer Dr., New Berlin.
Sales
Dickman Company
Murphy Real Estate II LLC purchased 235,655 square feet of space at 3420 N. 35th St., Milwaukee, from Tower Automotive Inc.
G-FF LLC (Garden Fresh Foods) purchased 6,822 square feet of industrial space at 1111 W. Bruce St., Milwaukee, from Roger Hornbeck.
Mid-America Real Estate
TCF National Bank purchased a 1.31-acre outlot at the Pick n’ Save shopping center at 2320 W. Ryan Road, Oak Creek, from Atout LLC.
NAI MLG Commercial
Diamond Electric recently purchased a 2,016-square-foot facility at 3934 S. Pennsylvania Ave., St. Francis.
International Brotherhood of Electrical Workers Union 2150 purchased a 12,500-square-foot industrial building at N56 W13777 Silver Spring Dr., Menomonee Falls, from PAK Investments.
OTRE Investments LLC purchased a 2,668-square-foot retail space at 8311 W. Brown Deer Road, Milwaukee, from Payless ShoeSource Inc.
Diamond Electric purchased a 2,016-square-foot industrial building at 3934 S. Pennsylvania Ave., St. Francis, from Keith and Sharon Akey.
Ogden & Company
George Papagainis purchased the former Lucky’s restaurant property at 10000 W. Capitol Dr., Milwaukee, from Lloyd A. Chopp Jr. and Lisa J. Chopp.
New construction
Briohn Building Corp., Brookfield, recently completed the design and construction of a 7,840-square-foot jewelry store for Gold Creations at 16150 W. Bluemound Road, Brookfield. Briohn also recently completed the design and construction of a 2,990-square-foot tenant improvement for Sylvan Learning Center in the Brookfield Marketplace at 15060 W. Greenfield Ave., Suite 103, Brookfield. Briohn has also been selected to build a new 12,500-square-foot office and warehouse building for Rawson Contractors Inc. and Franklin Trucking Inc. at N48 W22953 Commerce Center Dr., Lisbon. Briohn also recently completed the design and construction of a 6,500-square-foot interior remodeling for Animal Adventures at 5453 S. 76th St., Greendale. Briohn has also been contracted to design and build a 15,000-square-foot tenant improvement for the House of Carrington at 1100 Cottonwood Ave., Suite 300, Hartland.
Berghammer Construction Corp., Butler, was hired by Weas Development Co. to convert the 100-year-old, five-story, 109,500-square-foot former Beck Carton building at 311 E. Chicago St., in Milwaukee’s Historic Third Ward, into office condominiums. The project is expected to be complete in January.
Creative Constructors LLC, Menomonee Falls, recently began construction of a 7,000-square-foot retail center adjacent to the McDonald’s restaurant at 2047 Silvernail Road in Waukesha. The retail center will be the new home for Chiro-Med S.C., which will move there from a location half a mile west at 2339 Silvernail Road. The architect for the project is Plunkett Raysich Architects. Creative Constructors also recently completed the interior finish-out of a 1,800-square-foot Starbucks coffee shop at 7401 W. Good Hope Road, Milwaukee.
Jim Pankow Inc., Plymouth, was awarded a contract by Green Bay developer and commercial real estate broker Commercial Horizons to build a 6,892-square-foot Advance Auto Parts store in Mt. Pleasant.
Inland Construction, Milwaukee, was awarded the tenant improvement project by Liberty Property Trust at 11100 W. Liberty Dr., Milwaukee, for 8,116 square feet of office space, which will be the administrative offices for the U.S. Army Main Station. Inland was also awarded a 7,906-square-foot tenant improvement project for West Bay Commerce Center LLC at 7140 W. Donges Bay Road, Mequon. Inland has also been awarded a project from Park Place Technology Center LLC to build the 20,000-square-foot Park Place Technology Center “B” flex building at 11665-75 W. Bradley Road, Milwaukee.
J.H. Hassinger Inc., Menomonee Falls, was recently selected to be the general contractor for lower level and ground floor interior renovations for Western Line Corp. in West Bend. The architect for the project is Zimmerman Design Group. J.H. Hassinger was also recently selected as the general contractor for the Germantown High School remodeling project, which includes removal of the swimming pool and converting that area to an auxiliary gym and fitness room. The architect for that project is Plunkett Raysich Architects.
National Survey & Engineering, a division of R.A. Smith & Associates Inc., Brookfield, is providing surveying, site work engineering, sustainable site design and landscape architecture to Liberty Property Trust, Malvern, Penn., for the JohnsonDiversey Distribution Center, Sturtevant. The JohnsonDiversey Distribution Center, located in the Renaissance Business Park, is a 550,000-square-foot, $22 million facility on 38 acres and is expected to be complete in summer 2007.
