Golf Parkway Corporate Center

Details

Brookfield, Wisconsin
235,000SF

 

Responsibility

  • Development & Ownership
  • Investment & Acquisition
  • Leasing
  • Project Management
  • Property Management

 

Value Added

Purchase Date: October | 2013
Purchase Price: $23.4 million
Equity: $7 million

  • Preleased to Milliman and Hydrite

The Corridor is a 66-acre horizontal mixed-used development in the premier market of Brookfield, Wisconsin that was master planned by Irgens. The Corridor is situated on Bluemound Road, bordered by I-94 to the south and Calhoun Road to the east. The Corridor features retail, hospitality, healthcare, fitness and corporate office uses, excellent access and connectivity to the surrounding region and a unified design concept with walkability and sustainability features throughout the development.


A premier component of the development is Golf Parkway Corporate Center, a Class A office project that includes a 45,000 square foot, 2-story office building and a 190,000 square foot, 6-story multi-tenant office building. Irgens secured a lease agreement with Hydrite Chemical Co., a longstanding Brookfield company, for the entire 2-story office building. Irgens also secured a lease with Milliman, Inc., an international risk management, benefits and technology firm to anchor the 6-story building. These preleasing efforts by Irgens enabled the project to secure debt financing and commence construction in a challenging economic environment. The 6-story building features large, open floor plates, underground parking, and the latest technology and amenities. The unmatched location with prominent visibility along I-94 will achieve a high-profile position for future businesses seeking to make an impact in the market.


Irgens advocated for and gained approvals from the City of Brookfield for an all-glass, energy efficient building design, a beneficial signage package, and additional access points to the site from Golf Parkway to enhance the tenant experience and project value. Golf Parkway Corporate Center also features a shared parking agreement with neighboring LifeTime fitness, an underground stormwater detention basin, and a cross-access easement. These features exemplify Irgens’ commitment to efficient land use planning and sustainability