Last updated on April 14th, 2020 at 02:22 pm
North Shore Healthcare will relocate its headquarters from Glendale to the former Boston Store building, now known as HUB640, in downtown Milwaukee.
The move will bring another roughly 55 employees to the city’s Westown neighborhood, which has been undergoing a revitalization recently.
Kristin Mueller, a spokeswoman with North Shore Healthcare, said the company is leasing 23,000 square feet at HUB640, which gives the company room to grow. The space will initially house about 55 employees but will be able to accommodate up to 80.
The new space allows everyone to be located on the same floor space, which Mueller said will allow them to work more efficiently and collaboratively. North Shore Healthcare currently occupies multiple suites within its Glendale office and a shared work space in downtown Milwaukee, she said.
“We look forward to being part of the growth of this area of downtown Milwaukee,” Mueller said in an email. “We feel that HUB640 has great amenities to offer our employees. We find the space to be centrally located with easy access to the freeway, offering convenience in terms of commuting. All of this combined with the surrounding attractions and developments made HUB640 a great fit for us.”
North Shore Healthcare operates 71 skilled nursing centers and assisted-living communities. In December, the company acquired 21 former Atrium Health & Senior Living facilities in Wisconsin and another location in Michigan.
Dan Jessup and Nick Hepner represented the building’s owner, Chicago-based North Wells Capital, in the lease agreement. Lyle Landowski and Mike Wanezek of Colliers International | Wisconsin represented North Shore Healthcare.
North Shore Healthcare will be the building’s first tenant after Boston Store parent company The Bon-Ton Stores Inc. vacated it a few years back. The company went bankrupt and its stores were all closed by August 2018.
HUB640, located at the southeast corner of West Wisconsin and North Vel R. Phillips avenues, consists of ground-level retail space, offices and loft apartments.
North Wells Capital, the investment management affiliate of Chicago-based Urban Innovations Ltd., purchased the building in 2017 for $25 million, and has since made a number of improvements to it. The retail space and two floors of office space are still available for lease.
“We are thrilled to welcome North Shore Healthcare to HUB640 and give them a space that supports this exciting and dynamic chapter in their business,” Tony Lindsay, principal of North Wells Capital, said in a statement. “North Shore’s commitment to the building and Westown as a whole is a testament to the ongoing transformation that is taking place. The appeal of this vibrant and desirable submarket and the efficiency and flexibility of the building will allow (the company) to attract and retain the area’s best talent for years to come.”
The building is located next to The Avenue, the former Grand Avenue mall that’s being turned into offices, apartments and a first-floor food hall. And across the street is 310W, the former Henry S. Reuss Federal Plaza that’s undergoing $30 million in renovations.
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