Spring Bank announced today that it will move from its current location at 16655 W. Wisconsin Ave., Brookfield, to a larger location in the Bluemound Crossings building at 16620 W. Bluemound Road, Brookfield.
The move, expected to be completed by March 31, increases the bank’s space from 4,500 to 7,500 square feet and provides street-side exposure on busy Bluemound Road.
Spring Bank has signed a 10-year lease for the space.
Tim Janusz and Scott Satula of NAI MLG Commerical represented Spring Bank in brokering the lease. Bill Bonifas of CBRE Milwaukee was the listing broker.
The two-story, 49,451-square-foot building is owned by Wauwatosa-based Irgens, which bought it in 2008. After purchasing it, Irgens renovated, renamed and rebranded the building. It is now 91 percent leased. Other new tenants include Wisconsin Heart Group, 14,442 square feet; Yellow Book, 2,831 square feet; and Weldy Lamont, 887 square feet. KDR Lawyers and Ameriprise Financial Services both recently expanded and extended their lease.
Only two spaces, a 1,975-square-foot space and a 1,918-square-foot space, remain available in the building.
“Our value purchase, redevelopment and lease-up of Bluemound Crossings illustrates our increasing efforts in the strategic acquisition and investment arena,” said Dave Merrick, vice president and Milwaukee market manager for Irgens. “Bringing this property back to life and to nearly full occupancy benefits the entire Brookfield office and commercial market.”
