Home Industries Real Estate Featured Deal: Wauwatosa office building

Featured Deal: Wauwatosa office building

By
Alex Zank
-
10701 Research Drive, Wauwatosa. Photo courtesy of Irgens
10701 Research Drive, Wauwatosa. Photo courtesy of Irgens

Irgens Partners LLC is bullish on the Wauwatosa office market. The Milwaukee-based developer recently acquired the five-story, 130,000-square-foot office building southeast of Research Drive and North Mayfair Road. Irgens said the recently vacated building will undergo significant renovations and be marketed to either one single large tenant or multiple tenants. The building was constructed in

Already a subscriber? Log in

To continue reading this article ...

Become a BizTimes Insider today and get immediate access to our subscriber-only content and much more.

Learn More and Become an Insider
  • Critical Milwaukee and Southeastern Wisconsin business news and analysis updated daily.
  • 16 issues per year delivered in print or digitally
  • Unlimited access to all insider only content on our website, on any device.
  • Free email alerts.
  • Extra bonus issues (STUFF and Giving Guide)
  • Discounted in-person event registration

Click here to purchase a sharable paywall bypass link for this Insider-only article.

RELATED ARTICLES

Copyright ©2024 BizTimes Media, LLC. All Rights Reserved.

Irgens Partners LLC is bullish on the Wauwatosa office market.

The Milwaukee-based developer recently acquired the five-story, 130,000-square-foot office building southeast of Research Drive and North Mayfair Road. Irgens said the recently vacated building will undergo significant renovations and be marketed to either one single large tenant or multiple tenants.

The building was constructed in 1995 and was the inaugural development within the Milwaukee County Research Park. Irgens bought it for $9.5 million, well under its assessed value of $16.5 million, according to county records.

The acquisition comes as Irgens is developing two new office buildings at the UWM Innovation Campus, also in Wauwatosa.

“The acquisition of this premier property is indicative of our continued belief in the strength of the Research Park and immediate area,” said Tom Irgens, executive vice president of Irgens Partners.

Address: 10701 Research Drive 

Buyer: 10701 Research Drive Development Partners LLC, an Irgens affiliate

Seller: ARHC HRWAWI001 LLC

Price: $9.5 million

BIZEXPO | EARLY BIRD PRICING | REGISTER BY MAY 10TH AND SAVE

Stay up-to-date with our free email newsletter

Keep up with the issues, companies and people that matter most to business in the Milwaukee metro area.

By subscribing you agree to our privacy policy.

No, thank you.
Exit mobile version