Milwaukee – July 26, 2016 – Cleary Gull, a leading middle-market investment banking firm, announced today that it has signed a lease at 411 East Wisconsin. Cleary Gull will occupy 7,779 rentable square feet of the 30-story, Class A office building, located in the heart of Milwaukee’s Central Business District.
Ronald Miller, President and Managing Director of Cleary Gull, said, “411 E Wisconsin offers our employees an exciting place to work. The amenities, technology, on-site fitness center and location will allow us to maintain a vibrant, active workplace that will help us continue to attract top talent and is welcoming to our clients.”
CEO of Riverview Realty Partners (“RRP”), the asset manager for ownership, Five Mile Capital Partners, Jeff Patterson stated, “We are very excited to welcome Cleary Gull to 411 East Wisconsin. The redevelopment project of 411 has added a higher level of quality to the building’s environment and systems. Considering the redevelopment and all the amenities of this building, including the Wisconsin Athletic Club, the on-site dining and conference facilities, we are sure Cleary Gull’s employees will find the building to be a very satisfying work environment.”
Since Five Mile Capital Partner (“FMCP”) purchased 411 East Wisconsin in summer 2014, the building has leased or renewed more than 370,000 square feet of space, including more than 90,000 square feet leased to new tenants.
FMCP has invested over $15 million in renovations over the past two years including, an updated lobby, state-of-the-art conference center, new elevator cabs and heating, ventilation and air-conditioning systems and an upgraded adjacent parking structure. The building also was awarded the U.S. Green Building Council’s (USGBC) LEED® Gold certification for Existing Buildings (EB) Operations and Maintenance (O&M). This designation makes 411 East Wisconsin the first and only multi-tenant office building in the Milwaukee Central Business District to receive the LEED® EB O&M Gold certification, and the largest LEED® Gold-certified building in metropolitan Milwaukee.
At more than 654,000 square feet, 411 East Wisconsin stands 408 feet above the ground and encompasses over a full city block. Its tenants include many of Milwaukee’s leading firms and “Best Places to Work,” including Quarles & Brady LLP, von Briesen & Roper, Northwestern Mutual, Morgan Stanley, Wisconsin Athletic Club, PNC Bank and others.
Cleary Gull was represented by David Pudlosky of Jones Lang LaSalle (JLL) in the transaction.
Founded in 1987, Cleary Gull (www.clearygull.com) is an independent investment banking firm advising private equity funds and privately held and small publicly traded companies on middle market sales, divestitures, mergers and acquisitions, private debt and equity capital raises, and other transactions. Cleary Gull has extensive experience in the manufacturing, consumer, business & industrial services, distribution & logistics, and software and technology industries.
About Riverview Realty Partners & Five Mile Capital Partners LLC
Riverview Realty Partners is a fully integrated real estate operating and development company, providing its own asset management, property management, leasing, marketing and development functions. The company is a wholly-owned affiliate of Five Mile Capital Partners LLC (“Five Mile”), a Connecticut-based commercial real estate and alternative investment firm. The company currently owns one office property containing 167,756 net rentable square feet and a joint venture interest in the 52-story AMA Plaza office building in Chicago, Illinois, comprising approximately 1.14 million net rentable square feet. The company leases and manages its properties, and also oversees (i) the asset management, leasing and management of various other properties for affiliates of Five Mile, including a portfolio of five properties containing 648,757 rentable square feet in the Cleveland, Ohio metropolitan area, a 30-story office tower containing 654,000 rentable square feet in Milwaukee, Wisconsin and a 20-story office tower containing 439,645 rentable square feet in Houston, Texas, and (ii) the asset management and property management of a 32-story office tower in Atlanta, Georgia containing 625,424 rentable square feet. The company manages and operates a total of over 3.6 million rentable square feet of office space. For more information about Riverview Realty Partners, contact the company’s Chicago headquarters at +1 312 917 1300, or visit its website at www.rrpchicago.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.