The Indianapolis office of Holliday Fenoglio Fowler L.P. recently announced that it, working on behalf of funds managed by Eaton Vance Management, has secured $71.25 million in financing for Eaton Vance’s purchase of the GE Healthcare building in Wauwatosa.
The Indianapolis office of Holliday Fenoglio Fowler L.P. recently announced that it, working on behalf of funds managed by Boston-based Eaton Vance Management, has secured $71.25 million in financing for Eaton Vance’s purchase of the GE Healthcare building in Wauwatosa. Eaton Vance purchased the 506,195-square-foot office building this summer from Irgens Development Partners for $96.5 million. Holliday Fenoglio Fowler senior managing director Dave Keller placed the 123-month, fixed-rate loan with Principal Global Investors. "The property is the highest quality office asset located in the Milwaukee market," Keller said. Pittsburgh-based Holliday Fenoglio Fowler (also known as HFF Inc.) is one of the nation’s largest companies providing commercial real estate. HFF helps its clients find lenders, select joint venture capital partners, and find buyers for their properties.
The South 27th Street Business District has changed its name to the South 27th Street Business Preservation Association, as part of the group’s fight against the state’s plans to close the freeway ramp to the corridor for traffic coming north through the Mitchell Interchange. Several business owners on 27th Street say that change would hurt their businesses by diverting traffic away from the corridor. "This area is fragile," said Todd Reardon, chairman of the association and owner of the Braeger Automotive dealerships on 27th Street. "If you drive up and down (27th Street), you see pockets of success, but also closed businesses everywhere." About 250 business owners and managers have signed a petition opposing the 27th Street ramp closure plan proposed by the Wisconsin Department of Transportation (DOT). Under the DOT’s plans, which is part of the planned reconstruction and expansion of Interstate 94 from the state line to the Mitchell Interchange, southbound traffic coming from the downtown area and eastbound traffic coming from the west would still be able to exit at 27th Street, but northbound traffic from the southern part of the metro area and Illinois would not be able to. Northbound traffic would instead have to exit at Layton Avenue and go west on Layton to get to 27th Street.
The Ozaukee County Comprehensive "Smart Growth" Plan will be discussed at the First Friday’s Forum on Jan. 4 from 7:30-9 a.m. in the lecture hall at the Mequon Campus of the Milwaukee Area Technical College, 5555 W. Highland Road. "Comprehensive Planning – Policy Recommendations to Maintain Our Quality of Life" will focus on recommendations developed by the Ozaukee County Citizen Advisory Committee and the Ozaukee County Comprehensive Planning Board.
