Stone Ridge IV
- At-Risk Development
- Property Management
Purchase Date: December | 2004
Purchase Price: $8.5 million
Equity: $2 million
- Joint venture investment with prelease credit tenant
- Long-term perspective realizing multiple investment cycles
Adding value starts with identifying opportunities and aligning those opportunities within the market. What started as acquiring land strategically located on an important interstate corridor in southeastern Wisconsin resulted in a succession of office investments including four individual buildings over a 15-year period.
Stone Ridge IV represents the final office phase of Stone Ridge Business Park. The building features 55,000 square feet of Class A office space on three floors with a full level of underground parking and tenant storage. The modern glass and brick exterior has extraordinary visibility from the freeway and the location is only minutes from downtown Milwaukee.
The property features extensively landscaped grounds, ample parking and a host of building amenities including high ceilings, well-appointed, welcoming lobby and common areas, electronic security, separate passenger and freight elevators and a 1,000 kW backup generator. Markel American Insurance Company, invested in the ownership of the building and holds a long-term lease for the majority of this multi-tenant building.