MILWAUKEE — MPI Corporate Holdings Inc. has renewed its office lease on the second floor of 1123 N. Water St. in Milwaukee. Additionally, the firm has expanded its space from 6,500 to 7,635 square feet to allow for proper social distancing while employees are in the office. Founded in 1996 in Grafton, MPI opened its Milwaukee office in 2017. The downtown office is home to MPI’s sales and marketing division, which provides integrated sales strategies to a variety of business-to-business clients. Ben Anderson and Matt Fahey of Colliers International represented MPI in the lease renewal and expansion. Mike Wanezek and Spencer Bluett of Colliers represented the landlord, Harris Bay.
RACINE, WIS. — CG Schmidt has broken ground on an adaptive reuse project at the site of the historic Horlick Malted Milk Co. plant in Racine, about 25 miles south of Milwaukee. The project will transform the industrial complex into 136 market-rate and affordable apartment units. The first $40 million phase will revamp buildings located at 2100 and 2200 Northwestern Ave., which date back to 1875. State and federal historic tax credits will help developer J. Jeffers finance Phase I. AG Architecture is the project architect. The Horlick plant shut down in 1975.
DELAFIELD, WIS. — Prescient Capital Management, a boutique private equity firm, has moved its office to a new location in Delafield, about 27 miles west of Milwaukee. The street-level, 3,000-square-foot space better accommodates a growing team, according to Prescient. The office is located at 524 Milwaukee St. Prescient, which specializes in bridge loans ranging from $2 million to $15 million, formerly occupied space at 440 Wells St. in Delafield.
OHIO, WISCONSIN, INDIANA AND MISSOURI — Gorjian Acquisitions has sold eight retail and mixed-use properties totaling more than 500,000 square feet for $25 million. The portfolio includes the following Midwest properties: Saint Clairsville Plaza in Saint Clairsville, Ohio; Bradley Square in Milwaukee; Cabool Center in Cabool, Mo.; a single-tenant Dunkin’ property in Gary, Ind.; and Lafayette Center in Indianapolis. The portfolio also includes a mixed-use building in Brooklyn, N.Y.; a single-tenant Family Dollar property in Danville, Va.; and Oglethorpe Plaza in Albany, Ga. Gorjian Acquisitions, based in Great Neck, N.Y., is led by Joel J. Gorjian. The privately held commercial real estate investment and management firm holds an ownership interest in 75 properties nationwide. Buyer information was not disclosed.
BROOKFIELD, WIS. — Cushman & Wakefield | Boerke has brokered the sale of a 9,777-square-foot office building located at 15420 W. Capitol Drive in Brookfield, a suburb of Milwaukee. The sales price was undisclosed. Andrew Jensen, Katie Brueske and Jim Cavanaugh of Cushman & Wakefield | Boerke represented the seller, 15420 W Capitol LLC. Michael Kleber of Zilber Property Group represented the buyer, Marboo Properties LLC.
BROOKFIELD, WIS. — Stan Johnson Co. has brokered the sale of a 13,905-square-foot property occupied by Walgreens in Brookfield near Milwaukee. The single-tenant building sits on 2.4 acres at 15650 W. Greenfield Ave. and features a drive-thru. Walgreens has occupied this property for more than 20 years and recently extended its lease for another eight years. Mark Lovering and BJ Feller of Stan Johnson represented the seller, a Waukesha, Wis.-based developer. A Chicago-based buyer purchased the asset for $6 million.
MILWAUKEE — Bell Ambulance Inc. has signed a 10-year, 25,000-square-foot industrial lease at 2842 S. 5th Court in Milwaukee. Bell will primarily use the space as a central location for the servicing of its fleet of vehicles, as well as office and storage use. The company, which began operations in 1973 with three ambulances in one location, has grown to over 65 ambulances in multiple locations. David Ferron of Cushman & Wakefield | Boerke negotiated the lease, which fills the remaining vacancy at the 48,862-square-foot property. ATWU LLC is the landlord. Mercy Hill Church is the other tenant.
BROOKFIELD, WIS. — Milliman Inc., an international actuarial and consulting firm, has unveiled plans to move its Brookfield office to Golf Parkway Corporate Center, which is currently in the pre-development phase. The company will occupy 118,300 square feet within a six-story, 186,000-square-foot building. Milliman’s space will feature flexible floor plates, floor-to-ceiling windows, healthy design and exclusive amenities, according to the developer, Irgens. Construction is scheduled to begin this fall with initial occupancy slated for summer 2022. Golf Parkway Corporate Center will consist of two Class A office buildings totaling 231,000 rentable square feet. Common areas will include a conference room, tenant lounge, outdoor patio, bike storage and fitness center. Kahler Slater is the architect and CG Schmidt is the general contractor. William Bonifas of CBRE represented Milliman in the lease transaction.
HUDSON, WIS. — Kraus-Anderson Construction Co. has completed a 7,522-square-foot expansion of the emergency center at Hudson Hospital & Clinic in Hudson, which is located in western Wisconsin near the Minnesota border. The expansion nearly doubled the square footage of the center and increased its number of patient care rooms to 12. About $1 million of the $5 million project costs came from community donations or grants. Hudson Hospital was built in 2003.
BROOKFIELD, WIS. — Hydrite Chemical Co., a manufacturer and supplier of chemicals, has unveiled plans to move its headquarters to Golf Parkway Corporate Center in Brookfield near Milwaukee. Brookfield-based Hydrite will fully occupy a two-story office building spanning approximately 45,000 square feet. Irgens is the developer and owner. Kahler Slater is the project architect and CG Schmidt is the general contractor. A timeline for occupancy was not disclosed. Hydrite currently occupies a 26,000-square-foot office in Brookfield.