Investment banking firm Emory & Co. plans to move its office from the Loyalty Building in downtown Milwaukee to the 250 E. Wisconsin Ave. downtown.
Emory & Co. will lease 3,300 square feet of space on the ninth floor of the Wisconsin Avenue building, which is less than the 4,300 square feet of space it has in the Loyalty Building.
“It has high-quality space. It was move-in-ready for us,” said John Emory Jr., president and CEO. “It’s a prestigious address, which is of value to us. It has a quality finish, which is important to some of our clients. It’s nice, very nice. It’s impressive.”
David Barry of Cassidy Turley Barry was the exclusive tenant representative for Emory & Co. on the transaction
All of the office tenants in the 125-year-old Loyalty Building, located at 611 N. Broadway, have to move out because the building because it was purchased by Rosemont, Ill.-based First Hospitality Group, which plans to convert the building into a 128-room Hilton Garden Inn hotel.
At least one other Loyalty Building tenant is moving to the 250 E. Wisconsin Ave. building, others are moving to other locations, including the Third Ward, Emory said.
“I think we looked at 19 different buildings,” he said. “There’s a lot of space out there.”
