Jannsen & Co., a Waukesha-based tax, HR, IT, payroll and wealth management firm, will break ground on a new $4.5 million, 25,000-square-foot, two-story multi-tenant building on Wednesday, July 9.
Jannsen & Co. will occupy the second floor of the building. Frett/Barrington Ltd. and 1st Choice Mortgage will occupy office space on the first floor. A 2,700-square-foot space remains to be leased.
A groundbreaking ceremony will be held at 11 a.m. July 9 at the site of the new building, W239 N3442 Pewaukee Road, Pewaukee. Crews will begin excavations July 10, said Terry Jannsen, managing shareholder of the company.
The company currently leases 6,500 square feet of space at W229 N1433 Westwood Drive, Waukesha.
The project is expected to be complete in May of 2009.
The new building, developed with financing from First Bank Financial Centre, will be owned by a group of 11 friends, made up of Jannsen and his partners in the firm, one of the partners from 1st Choice Mortgage and several clients and friends.
Jannsen & Company will nearly double its office space when it moves to the new building, Jannsen said. The company employs 30 to 35 workers, depending on the time of year, Jannsen said, and its new office will be able to accommodate up to 60. Jannsen & Co., which had about $3 million in revenues last year, expects about $3.5 million revenues this year.
"Right now we’re stomping on each other – we’re looking for room to expand," he said. "The group here has always said it wanted to own our own facility, but it had to be in Waukesha or Pewaukee. This was the right parcel for the right price. It all kind of fell together."
For more, visit www.jannsen.com.