Wednesday, September 30, 2015
Klement Sausage moving corporate offices to former Pabst brewery
September 30, 2015 10:17 AM
Klement Sausage Company will move its corporate offices from Bay View to the former Pabst brewery complex in downtown Milwaukee in early 2016.

Klement’s will occupy the fourth floor of the newly constructed Pabst Professional Center building at 1036 W. Juneau Ave.

“This move supports Klement’s long term commitment to the city of Milwaukee and our growth plans,” Ray Booth, CEO of Klement Sausage Company said in a written statement. “The Pabst Professional Center represents our ‘Best of Class’ business goal and supports that our best days as a company are ahead of us.”

Klement is moving its corporate offices downtown from 2324 S. Burrell St., just off Lincoln Avenue.

With Klement’s lease, the 40,000-square-foot Pabst Professional Center is now at 75 percent occupancy, said Michael Kelly, executive vice president of Blue Ribbon Management, the developer for the building. TCF Bank has leased the fifth floor and Logicalis, an IT consulting firm has leased a portion of the third floor. About 10,000 square feet are left of the third floor, Kelly said.

The first and second floors of the building is structured parking.

“Klement is a fantastic tenant and we are happy to have them,” Kelly said. “We believe the building will fit their needs and will be an opportunity for them to start a new chapter in their company.”

The new location will house the majority of Klement’s executive team as well as sales, marketing, finance, IT, planning and customer support staff.

Houston-based Tall Tree Foods acquired Klement Sausage Co. Inc. in May 2014, keeping Booth as the CEO to lead the business and the current management team in place.

The company was assisted by Siegel-Gallagher in the relocation search and Madisen Maher Architects has been selected for the design of the headquarters.

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BizTimes Commercial Real Estate Conference will focus on Attracting the National Dollar
September 30, 2015 10:29 AM
In recent years a rising number of out-of-state national commercial real estate firms have made major investments in southeastern Wisconsin.

Who are these national players coming into our region? What are their plans for the properties they have acquired here? What is it that has attracted them to this marketplace?

Those questions, and others, will be answered at the 13th annual BizTimes Milwaukee Commercial Real Estate and Development Conference. The event will be held from 7:30 a.m. to 9:30 a.m. on Thursday, Nov. 19, at Potawatomi Hotel & Casino in Milwaukee.

The event will feature a panel discussion of national commercial real estate investors who are doing big deals in southeast Wisconsin. The panel will include:

Stephen Kanoff
, founding partner, director and chief investment officer of Dallas-based Westmount Realty Capital LLC. Earlier this year the firm acquired a portfolio of 10 industiral buildings in the metro Milwaukee area for $61 million.

Richard Aaronson, president and co-founder of Atlanta-based Atlantic Realty Partners. The firm plans to build a 443-unit apartment development in Milwaukee, a 236-unit apartment development in Wauwatosa and a 195-unit apartment development in Brookfield.

Christopher Ressa
, senior vice president of leasing for the Northeast and Midwest for Tarrytown, N.Y.-based DLC Management Corp. Last year the firm purchased the Midtown Center shopping center in Milwaukee for $47 million.

Scott Stahr, co-founder and principal of Chicago-based Fulcrum Asset Advisors. As part of a joint venture, the firm acquired the 20-story 250 Plaza office building in downtown Milwaukee this year, and plans to make significant upgrades. In 2011, the firm acquired four office buildings in Brookfield, with a total of 338,424 square feet of space, for about $41 million.

The panel discussion will be moderated by Dr. Mark Eppli, a professor of finance and Robert B. Bell Sr. Chair in Real Estate and Marquette University. MU and the Commercial Association of Realtors Wisconsin (CARW) are event partners.

Each year hundreds of real estate industry professionals attend the BizTimes Milwaukee Commercial Real Estate and Development Conference. To register to attend the conference, go to:

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Phoenix Investors moving HQ downtown
September 30, 2015 10:14 AM
An affiliate of Phoenix Investors, LLC purchased the office building at 401 E. Kilbourn Ave. from D&K Management LLC for $2.35 million.

The four-story structure at the corner of Kilbourn and Milwaukee streets will be used to accommodate the expanding needs of the business and expand wellness operations, according to Phoenix, which has operated at 1818 N. Farwell Ave. for 21 years.

The real estate investment company will move 30 employees to its new location by the end of November. Phoenix owns the 16,300-square-foot building on Farwell and occupies 10,600-square-feet of space. It plans to lease out its former office space.

Phoenix will occupy 21,000-square-feet of the 401 building, including the entire second floor and the majority of the third floor. Associated Bank is the ground level tenant.

Phoenix plans to spend $500,000 to renovate its new office space and will add amenities including an exercise and yoga room, a locker room with showers and a nap room. Parking will also be provided for Phoenix employees.

Renovation of the new Phoenix space will be led by Korb and Associates Architects, Milwaukee, will handle the architectural and interior design services on the project.

The company plans to hire at least 10 new employees at its new home office in the next year.

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Grafton's Village Pointe Commons break ground Friday
September 30, 2015 10:21 AM
Village Pointe Commons, an independent and assisted living campus in Grafton, will break ground Friday on its $15 million campus at the former Manchester Mall site.

Village Pointe Commons, 100 Oak St., will include 122 units of independent living, 65 units of assisted living and a 24-unit memory care community. The campus will also feature 16 ranch-style independent senior housing options.

The campus will include a central commons with a theater, coffee shop and bistro, pub and lounge, 7,000-square-foot aquatic center with lap pool and water therapy, a fitness center, and a central landscaped courtyard with picnic areas, connected walking paths, a dog run, bocce court and outdoor deck. A full dining program will be available to residents of both the independent and assisted living buildings.

Capri Senior Communities LLC, of Waukesha, is managing the property. Capri Senior Communities is a member of the Tarantino Family of companies, which manages 12 senior living apartment communities and special housing developments with more than 12,000 units throughout southeastern Wisconsin.

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National nonprofit relocating to downtown Milwaukee
September 30, 2015 11:03 AM
The Alliance for Strong Families and Communities is selling its northwest Milwaukee building and moving to downtown Milwaukee.

John Schmidt, the organization’s chief operating officer, said the Alliance is committed to staying in Milwaukee but feels disconnected being on the far Northside of the city.

The Alliance’s 32,334-square-foot building at 11600 W. Lake Park Drive has been for sale for two years. It is currently listed for $3 million by CBRE.

According to several commercial real estate sources, the Alliance will be moving into 22,000-square-feet of space being vacated by VISIT Milwaukee in the ASQ building at 648 North Plankinton Ave.

Sources say VISIT Milwaukee will be relocating to a smaller space within the ASQ building.

Schmidt would not confirm the Alliance had chosen the ASQ site.

“Certain players in the market – Schlitz Park, the Pabst development and ASQ have all talked to us,” Schmidt said. “We’re still weighing our options.”

The Alliance for Strong Families and Communities is the largest association of private, nonprofit child- and family-serving organizations in North America. The organization is based in Washington, D.C., but has its national operation center in Milwaukee.

About 75 people work out of the Milwaukee office including finance, IT, marketing and communications, behavioral health and the organization’s Ways to Work program.

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Additional tenants announced for 833 East office tower
September 30, 2015 11:09 AM
Three tenants additional for the 17-story office tower that Irgens is building at 833 E. Michigan St. in downtown Milwaukee were announced Thursday.

Those new tenants include Major League Baseball and Commissioner Emeritus Allan H. (Bud) Selig, Heck Capital Advisors and Grace Matthews, Inc.

In addition, Jason, Inc., parent company to a global family of manufacturers, is also expanding its previously announced lease at 833 East, and will now occupy 26,043 square feet in the building, up from the previously announced 12,506 square feet. Jason Inc. is currently located in the 411 Building downtown.

“Jason Industries is growing as a company right along with the growth happening in downtown Milwaukee,” said David Westgate, chief executive officer of Jason. “As we recruit new talent and build our workforce, it’s imperative to offer a dynamic environment where people can live and work. 833 East and other new developments in the area are creating such an environment and we’re excited to be a part of it.”

Lyle Landowski, a partner with Colliers International, brokered the deal with Jason, Inc.
Heck Capital Advisors, of Rhinelander, is leasing 2,712 square feet. It will be a new office for Heck Capital in Milwaukee. Steve Palec, a partner with Colliers International, brokered the deal with Heck Capital.  

Grace Matthews, a Milwaukee-based investment bank currently located in the Third Ward, is leasing 6,269 square feet in the 833 East building. David Pudlosky, vice president at Jones Lange LaSalle, brokered the deal with Grace Matthews.

As previously announced, Milwaukee law firm Godfrey & Kahn will be the anchor tenant in the building and is leasing 77,817 square feet of space. Other previously announced tenants include: Irgens, which will occupy 25,328 square feet; Colliers International, which is leasing 20,422 square feet; First American, which is leasing 5,952 square feet and Cresa, which is leasing 2,516 square feet.

The building has a total of 358,017 square feet of office space. In August, Madison-based Noble Chef Hospitality announced it would open a restaurant called Rare Steakhouse in the ground floor of the building.

Construction of the $101.5 million building is expected to be complete in March of 2016. Including an undisclosed tenant that will occupy 2,758 square feet, along with letters of intent for two additional tenants totaling more than 37,000 square feet, more than 65 percent of 833 East is now committed.

There remains 115,000 square feet of contiguous office space on adjacent floors of 26,000 square feet – the largest block on contiguous Class A space in the metro region.

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Corner Bakery planned for Pleasant Prairie
September 30, 2015 11:06 AM
Local developer and restaurateur Dimitri Dimitropoulos will open a second Corner Bakery Cafe as part of a plan for a multi-tenant retail/restaurant building in the Village of Pleasant Prairie.

The 13,297-square-foot development south of State Highway 50 and west of 91st Avenue in the Prairie Ridge commercial area will accommodate up to five tenants.

In addition to the Corner Bakery, a MOD Pizza is also planned. No other tenants have been announced.

The single-story retail building on a two-acre lot will be located immediately east of The Bulls-Eye development, north of an existing Costco.

Preliminary plans for two different multi-tenant retail buildings immediately to the west were approved for The Bulls-Eye development in July.

Construction is expected to begin in spring 2016 with completion anticipated in fall 2016.

Neo Fourno Inc., a franchise partner of CBC Restaurant Corp. owned by Dimitropoulos and Peter Dimitropoulos, announced in June 2014 it would open the state’s first Corner Bakery in the Mayfair Collection development in Wauwatosa.

Corner Bakery Café is a chain of fast-casual restaurants with more than 160 locations in the United States.

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Black Husky Brewing moving to Riverwest
September 30, 2015 10:18 AM
Northern Wisconsin craft brewers Toni and Tim Eichinger are planning to move their operations from Marinette County to a converted warehouse in Riverwest.

Pembine-based Black Husky Brewing LLC is applying for a special use license with the Board of Zoning Appeals Oct. 8 for the 7,200-square-foot facility at 2872 N. Bremen St.

The couple is buying the building to move its operations there. According to the company’s website, Black Husky Brewery is 100% wholesale with no on-site sales.

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Buddy Squirrel opening at Brookfield Square
September 30, 2015 10:24 AM
After a six-year hiatus, Buddy Squirrel will reopen at Brookfield Square Oct. 6.

“In the 2000s, Buddy Squirrel substantially reduced the number of mall stores and since then, we’ve had many long-time customers ask about Brookfield Mall,” said Dick Kerndt, president of Buddy Squirrel. “We thought this would be a prime location as our other stores in Mayfair, Southridge, and St. Francis are not close by nor are they close to other communities further west.”

The 1,700 square-foot store will have six full and part-time employees. The original Quality Candy/Buddy Squirrel was open from 1980 to 2009 at Brookfield Square.

The St. Francis-based gourmet popcorn, chocolate and nut store will celebrate its 100th birthday in 2016.

“This is a major milestone for Buddy Squirrel, and we’re planning several online and at-store customer activities and promotions throughout the year,” Kerndt said.

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Additional tenants to sign with White Stone Station development
September 30, 2015 11:08 AM
Additional retail tenants for the White Stone Station development in Menomonee Falls will be announced in the coming weeks, according to a Milwaukee commercial real estate source close to the project.

Ulta Beauty, Sports Authority, Ross Dress for Less and Home Goods will be signing leases within the next few weeks to be part of the project that Cobalt Partners is developing within the 65-acre former industrial area west of the interchange of US 41/45 and Pilgrim Road.

Cobalt president and CEO Scott Yauck did not return phone calls.
White Stone Station will include approximately 320 market-rate, high-end apartments to be developed by Milwaukee-based Fiduciary Real Estate Development.

In late 2013, the Wisconsin Athletic Club and Froedtert Health opened a state-of-the-art sports medicine and fitness facility within the development area.

In June 2014, Cobalt announced a Costco store would anchor the development.

The Costco will open in October, according to the source.

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Chancery space to be sold at auction
September 30, 2015 11:05 AM
The shuttered Milwaukee Chancery Restaurant & Pub will be auctioned off online beginning Dec. 2.

The 8,000-square-foot building at 4624 S. 27th St., will have an opening bid of $895,000. The property is currently listed at $1.3 million., a Green Bay-based real estate marketing firm will handle the auction.

The building includes a reception area, open dining areas a bar, kitchen, several restrooms and a basement for storage. A liquor license is not included in the sale.

The Chancery closed Sept. 3 after 33 years in business. The DeRosa Corporation, which owns the local restaurant chain, also closed the Harbourwalk Chancery in Racine, 207 Gas Light Drive.

The company plans to keep the four remaining Chancery locations open: 7615 W State St., Wauwatosa; 11046 Port Washington Road, Mequon; 11900 108th St., Pleasant Prairie; 2100 E Moreland Blvd., Waukesha.

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Gourmet Foods International expanding to Kenosha
September 30, 2015 11:04 AM
Gourmet Foods International has purchased a 35,216-square-foot building in Kenosha from 58th Place LLC.

Gourmet Foods International is an Atlanta-based distributor of specialty foods. The company purchased the building at 9629 58th Place in the Business Park of Kenosha to expand its Midwestern region.

Currently, Gourmet Food’s Midwest clients are serviced from Atlanta, Texas, Colorado, New Jersey and Florida.

The company is expecting to add 50 jobs to the Kenosha area over the next two to three years, according to its website.

Nick Walby and Dan Benassi of Entre Commercial Realty represented the seller and Adam Tarantur of Podolsky Circle, LLC represented the buyer in the transaction.

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September 30, 2015 10:07 AM

Colliers International|Wisconsin

KAT Logistics, Inc. leased 50,564 square feet of industrial space at 10020 S. Reinhardt Drive in Oak Creek.

Waterstone Mortgage has leased 3,334 square feet of office space at 1200 N. Mayfair Road in Wauwatosa.

Berkshire Hathaway Life Insurance Company has renewed their 3,233 square feet of office space at 13890 Bishops Drive in Brookfield.

Joe Sweeney has renewed 3,160 square feet of office space at 111 E. Kilbourn Avenue in Milwaukee.

Piper Jaffray & Co.  leased 1,658 square feet of office space at The Wells Building at 324 E. Wisconsin Ave. in Milwaukee.


Grace Matthews leased 6,269 square feet of office space at 833 E. Michigan St., Milwaukee.

Reputation Partners leased 2,024 square feet of office space at 322 E. Michigan St., Milwaukee.

Judson & Associates

Door to Door Appliances and Repair LLC leased 1,200 square feet of space at 406 Travis Lane, Unit #50, Waukesha, from Waucom Center LLC.

NAI MLG Commercial

Mortgage Services III, LLC leased 4,000 square feet at 1133 Quail Ct., in Pewaukee, from Meadow Ridge, LLC.

Spina Bifida Wisconsin leased 663 square feet at 830 N. 109th St., in Wauwatosa, from Sai Ram Properties, LLC.


Safe Haven Security Services Inc. leased 1,024 square feet of office space in The Forum at 3333 N. Mayfair Road, Wauwatosa, from Forum Mayfair LLC.

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September 30, 2015 10:10 AM

Colliers International|Wisconsin

Joca Properties, LLC has purchased a building at 2535 S Kinnickinnic Ave. in Milwaukee, WI.  The building sold for a purchase price of $375,000.  Steve Sewart, Colliers International, brokered this deal.

NAI MLG Commercial

Jason Kaschak purchased 20,808 square feet at 2301 W. Purdue St., in Milwaukee, from TRTM Investments, LLC.

Birch Tree Sirton LLC purchased 14,134 square feet located at 15155 W. National Ave., in New Berlin, from New Berlin City Center II, LLC.

New Holdings, LLC purchased 14,000 square feet at 2001 S. 37th St., in West Milwaukee, from KD2000, LLC.

JDV Real Estate Holdings, LLC purchased 2.04 acres located in Germantown Business Park, in Germantown from the Village of Germantown.

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Andrew Weiland This exclusive news bulletin is compiled by BizTimes Milwaukee reporter Andrew Weiland. This bulletin is published every Wednesday morning. Send real estate news tips to or call him at (414) 336-7120.

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