A group of investors led by Paul Stangl, president of Germantown-based Radiant Electric Heat, plan to develop a 17,500-square-foot multi-tenant office building on a vacant, 2.5-acre site between Kleinmann Drive and Maple Road in the Lannon Road Business Center in Germantown.
The project is one of the few office buildings under development in the metro Milwaukee area.
Adam Matson and Steffi Hahn of NAI MLG Commercial are handling the leasing for the project.
As far only 6,500 square feet of space has been leased in the building. However, several other potential tenants are expressing interest and financing is in place for the project, Matson said. He declined to name the tenant that has committed to the project.
“We’ve had quite a bit of interest,” he said. “We’re pretty optimistic about the project.”
Groundbreaking is expected to take place on Oct. 1, and the project is expected to be complete by April 1, Matson said.