- At-Risk Development
- Development Management
- Property Management
Purchase Date: September | 2018
Purchase Price: $18.3 million
Equity: $4 million
Sale Date: September | 2019
- Part of RPP fund
- Shared parking with adjacent office building
- Unique nature setting in middle of urban area
- Last office site in Milwaukee County Research Park
- 189 new trees planted
- Maximize small environmental sensitive site
Muir Woods is a three-story build-to-suit office building consisting of approximately 85,278 rentable square feet located on the last remaining developable office site in the Milwaukee County Research Park. The building’s modern glass and metal panel design with floor-to-ceiling glass allows an abundance of natural light to enter the space. Expansive 28,000 square foot floor plates are designed to offer interior design flexibility and provide occupants economic and aesthetic attributes important in today’s work-place environment.
The building offers occupants a higher-than-market parking ratio of approaching 5/1,000 square feet, allowing more team members to occupy less space and thereby lowering the space cost per employee. Muir Woods provides a modern building design with amenities in a premier location at market rents. This value proposition makes Muir Woods competitive to comparable Class A options in the suburban Milwaukee market.
A prominent Wisconsin-based accounting firm preleased 34% of the building. Prior to move-in, they were acquired by an investment advisory services firm. Looking to consolidate its Milwaukee operations, they now occupy 68% of the building – doubling the initial planned occupancy.