Press

February 2017

Culver Designs, Inc. leased 5,606 SF at 205 W. Highland Avenue in Milwaukee, WI from Highland Beach Surfers LLC. Ned Purtell & Jeanine Sweeney represented the Tenant on this transaction.

Drexel LLC purchased the retail center at 2713 Calumet Drive in Sheboygan, WI for $1,975,000 from North/Calumet LLC.  Joe Carollo and Brett Deter represented the Buyer.

Mother Kathryn Conference Center purchased the retreat facility located at 8801 W. Fairy Chasm Drive in Milwaukee, WI.  Bob Flood and John Davis represented the Seller, the UWM Real Estate Foundation.

Arcind LLC leased 1,780 SF at 2323 N Mayfair Road in Wauwatosa, WI.  Kate Hanson represented the Tenant while Ned Purtell, Patti Stevens and John Davis represented the Landlord, Decade Properties.

Woodbury Financial renewed its 893 SF at Squires III located at N19 W24075 Riverwood Drive in Waukesha, WI.  Ned Purtell and Jenna Maguire represented the Landlord, SARA Investment Real Estate.

LCM Funds 44 Waube LLC purchased the 34,100 SF industrial facility at 995 Waube Lane in Ashwaubenon, WI for $325,000.  Scott Revolinski represented the Buyer, LCM Funds Real Estate.

February 2017
 
RFP Commercial Strengthens Local Partnership with Addition of Andy Hess & Steve Pape

Seasoned brokers expand firm’s broad knowledge of local commercial real estate market

MILWAUKEE – RFP Commercial, Inc. (RFP) announced today that Andy Hess and Steve Pape have joined the commercial real estate firm as partners.

The two bring more than 35 years of experience working in the local commercial real estate market to RFP.  Their addition reinforces RFP’s position as the largest local, independent commercial real estate brokerage in the region and positions the firm for ongoing growth in the southeast Wisconsin marketplace.

“The commitment Andy and Steve have made to RFP is a reflection of the strong reputation and market position that our organization maintains in southeast Wisconsin,” said Bob Flood, a founding partner of RFP. “Both bring a deep knowledge of the local commercial real estate market and will play a significant role in RFP’s ongoing growth.”

Hess has worked in commercial real estate for more than 18 years with experience in most major U.S. real estate markets. His background includes work in investment sales, leasing, acquisitions, asset and portfolio management, and all facets of distressed real estate and OREO. Prior to joining RFP, Hess was a founder and principal of Creekwood Real Estate and Resilire Real Estate Partners.

Pape has more than 17 years of experience in the industry, focusing on tenant representation, leasing, investment sales, acquisitions, dispositions and development. Most recently, he was a partner and the director of brokerage for Greywolf Partners, Inc.

Additionally, Derek Yentz has joined the RFP team as a broker, representing real estate needs of tenants, investors, and developers with the goal of maximizing value for clients. He was formerly an associate in the brokerage division of Greywolf Partners.

 

January 2017

JLA Architects leased 2,146 SF at 311 E. Chicago Street in Milwaukee’s Historic Third Ward Neighborhood. John Davis and Bob Flood of RFP Commercial, Inc. represented the Landlord, First Pathway Partners and Michael Levine of Cresa represented the Tenant.

SMAK-National LLC purchased the 2,100 SF retail building at 10922 W. National Avenue in West, Allis, WI for $340,000.  Hakan Hare represented both the Seller and Buyer on this transaction.

Lula Mae Aesthetic Boutique LLC leased 1,495 SF at 6330 W. Greenfield Avenue in West Allis, WI from Six Points East LLC.  Patti Stevens represented the Tenant.

Roots Counseling Services leased 6,608 SF at 1681 N. Prospect Avenue in Milwaukee, WI.  Jeanine Sweeney represented the Landlord, Wilhelms Real Estate LLC.

Enterprise Rent-a-Car leased 4,085 SF at 4377 S. 27th Street in Greenfield, WI.  Scott Revolinski and Hakan Hare represented the Landlord, LCM Funds 37 Auto LLC.

Cystic Fibrosis Foundation leased 1,815 SF at 400 S. Executive Drive in Brookfield, WI.  Ned Purtell, John Davis and Patti Stevens represented the Landlord, Decade Properties.

SCL Holdings LLC purchased 8601 N. 43rd Street in Brown Deer, WI for $350,000 from CRE 2011 REO WI-Industrial LLC.  Brett Deter represented the Buyer on this transaction.

Technology Resource Advisors leased 6,373 SF at the PH Dye House located at 320 E. Buffalo Street in Milwaukee’s Historic Third Ward.  John Davis, Bob Flood and Ned Purtell represented the Landlord on this transaction.

Woolworth Development Group LLC purchased 4837 & 5021 Woolworth Avenue in Milwaukee, WI for $935,000 from Burns-Woolworth LLC.  Joe Carollo and Jeanine Sweeney of RFP Commercial represented the Buyer on this transaction.

DeLadurantey Law Group leased 1,393 SF at 330 S. Executive Drive in Milwaukee, WI. John Davis, Ned Purtell and Patti Stevens represented the Landlord, Decade Properties.

Merz Aesthetics extended its 37,762 SF lease at 1340 Grandview Parkway in Yorkville, WI.  Scott Revolinski represented the Landlord, Grandview Park Partners.

Capital Investment Services of America, Inc. leased 5,283 SF at Chase Tower located at 111 E. Wisconsin Avenue in Milwaukee, WI.  Bob Flood and Patti Stevens represented the Landlord, Farbman Group Real Estate. 
 

December 2016

Brookfield Care Group LLC, care of JEA Development Group, purchased the 7.047 acre vacant land site at 4065 N. Calhoun Road in Brookfield, WI for $1,150,000.  Bob Flood represented the Seller in the transaction, Park Bank.

1801 Development Group LLC purchased 1801 W. Glendale Avenue in Milwaukee, WI for $1,390,000 from J.L.S. Holdings LLC.  Joe Carollo and Jeanine Sweeney of RFP Commercial represented the Buyer on this transaction.

D.D.A. Oak Creek LLC purchased the 3,092 SF retail building at 8411 S. Liberty Lane in Oak Creek, WI for $465,000.  Joe Carollo and Brett Deter represented the Seller, Puppy Playground LLC.

Red Flag Cargo Security Systems LLC expanded into an additional 3,277 SF at 10555 W Donges Court in Milwaukee, WI. Brett Deter represented the Landlord, LCM Funds 33 Donges LLC on this transaction.

November 2016

Waukesha Tool & Stamping, LLC leased 43,711 SF at 2076 First Avenue in Grafton, WI. Bob Flood represented the tenant in this transaction.

1515 Ellis LLC purchased 1515 Ellis Street in Waukesha, WI for $1,300,000.  Brett Deter represented the Seller, Office Service Company LLP.

Jerry L. Augustine leased 1,090 SF at Lincoln Center III located at 10150 W. National Avenue in West Allis, WI.  Ned Purtell & Patti Stevens represented the Landlord, Somerset Properties.

Harvest Motion leased 500 SF at 4465 Oakland Avenue in Milwaukee, WI.  John Davis represented the Tenant.

LCM Funds 35 Office LLC purchased 224-228 S. 1st Street in Milwaukee’s Walker’s Point Neighborhood for $1.1 million.  Bob Flood represented the Seller, Canvas Corner, Inc. while Scott Revolinski represented the Buyer, LCM Funds Real Estate LLC.

Business Healthcare Group of SE WI leased 1,329 SF at W229 N1433 Westwood Drive in Pewaukee, WI from Sunset Investment Co. Limited Partnership.  Jenna Maguire represented the Tenant on the transaction.

September 2016

Mills Hotel Wyoming LLC has purchased the 55,940 SF office building located at N25 W23255 Paul Road in Pewaukee, WI for $6,200,000.   The property is 100% leased to Waterstone Mortgage Corporation, a wholly owned subsidiary of Waterstone Bank SSB and the stock holding company Waterstone Financial, Inc. (NASDAQ: WSBF).  Scott Revolinski of RFP Commercial, Inc. and Andrew Hess of Resilire Real Estate Partners represented the Seller, Pewaukee Maple Grove LLC. 

MSI Data leased 14,340 SF at 500 W Brown Deer Road in Milwaukee’s North Shore.  John Davis and Ned Purtell represented the Landlord, Falcon Industrial, Inc.

ULT AG leased 3,000 SF at 6000 W Executive Drive in Mequon, WI from St. John Properties.  Brett Deter represented the Tenant on the transaction.

Realty Adventures LLC leased 3,204 SF at 1339 W Mequon Road.  John Davis and Ned Purtell represented the Landlord, D/P Properties.

Roju, Inc. sold its business at 235 S 2nd Street in Walker’s Point to Likkyle Jamayka, Inc. for $131,000.  Hakan Hare and Patti Stevens represented the Seller on the transaction.

Transwestern Commercial Services LLC renewed its 3,824 SF at 234 W. Florida Street in Milwaukee’s Walker Point Neighborhood.  Kate Hanson and Ned Purtell represented the Tenant.

Catch-22 Creative leased 2,386 SF at the Timbers Building (part of the Tannery Business Complex) located at 700 W. Virginia Street in Milwaukee, WI.  RFP Commercial’s Jeanine Sweeney represented the Tenant while Ned Purtell represented the Landlord, SARA Investment Real Estate.

CCH Incorporated renewed its 1,460 SF at the Timbers Building (part of the Tannery Business Complex) located at 700 W. Virginia Street in Milwaukee, WI.  Ned Purtell & Scott Revolinski represented the Landlord, SARA Investment Real Estate.

Horny Goat Brewery leased 695 SF at the Timbers Building (part of the Tannery Business Complex) located at 700 W. Virginia Street in Milwaukee, WI.  Ned Purtell & Scott Revolinski represented the Landlord, SARA Investment Real Estate.

Workshop Architects expanded 3,240 SF at the Deco Building located at 201 E. Pittsburgh Avenue in Milwaukee, WI.  Scott Revolinski & Patti Stevens represented the Landlord, LCM Funds Pittsburgh LLC.

October 2016

MPP Enterprises LLC purchased the 4,500 SF facility at 11800 W Greenfield Avenue in West Allis, WI for $380,000 from R Time LLC. Hakan Hare represented the Buyer.

LCM Funds 36 Midtown LLC purchased the 10,490 SF flex building located at 315 S. Water Street in Milwaukee, WI for $1,000,000 from Peak 1031 Exchange, Inc.   Scott Revolinski represented the Buyer in this transaction.

Milwaukee Surgery Center LLC leased 3,503 SF at Lincoln Center III located at 10150 W. National Avenue in West Allis, WI.  Ned Purtell & Patti Stevens represented the Landlord, Somerset Properties.

Ascent for Life leased 1,686 SF at 301 E. Reservoir Avenue in Milwaukee, WI.  Paul McBride & Jenna Maguire represented the Landlord, PCS Holdings, Inc.

Gregg Bridge leased 1,663 SF at Lincoln Center III located at 10150 W. National Avenue in West Allis, WI.  Ned Purtell & Patti Stevens represented the Landlord, Somerset Properties.

First Basis Consulting LLC leased 1,767 SF at Bishops Woods Center located at 13555 Bishops Court in Brookfield, WI.  Ned Purtell & Patti Stevens represented the Landlord, Decade Properties.

September 2016

Distributor Will Move 100 Suburban Jobs to Downtown

Milwaukee, WI, September 21, 2016 – The developers of Schlitz Park announced today that Badger Liquor, Wisconsin’s largest wine and spirits distributor, has signed a ten-year lease for 24,000 square feet of office space in Schlitz Park’s RiverCenter building, 1555 River Center Drive.  Badger Liquor is the first tenant announced for a $6.73 million renovation project Schlitz Park will start this month to convert 80,000 square feet of former warehouse space into office suites. Located on the Milwaukee RiverWalk, the first floor offices will feature large windows and soaring ceilings, and will house tenants expected to bring a total of 350 jobs to downtown Milwaukee. 

Badger Liquor, a fourth generation owned and operated company with locations in Fond du Lac, West Allis and Eau Claire, will move 100 sales and office employees to Schlitz Park from its West Allis site. Warehouse and operations employees will remain at Badger Liquor’s West Allis location. 

“Schlitz Park is the perfect site for Badger Liquor to move forward as an organization and for us to stay on the cutting edge of the wine and spirits industry,” said John Boulahanis, Executive Vice President of Sales, Badger Liquor.  “A centrally located and accessible downtown Milwaukee location will allow us to better connect with our customers and enhance these relationships.”

The beverage distributor plans to open a new hospitality center in its Schlitz Park space to train customers. Sales and product education is an essential element of Badger Liquor’s customer service process. The hospitality center will feature a bar and warming ovens, host tastings and provide customers with opportunities to learn from Badger Liquor staff and local chefs about food, wine and spirit pairings. 

Another audience segment Badger Liquor plans to better reach with a downtown location is millennials -- “the end users of our products” notes Boulahanis -- and a key employee recruitment segment.

“We continually look to grow our talent pool and bring in fresh ideas and perspectives into our industry,” said Lindsey Pearson, Vice President of Human Resources, Badger Liquor.  

Badger Liquor has 430 employees statewide. Having made a substantial investment in employee wellness, Pearson said the company was excited to see the “top notch” fitness facilities at Schlitz Park and other wellness-related offerings such as Bublr bike share and free daily bike rentals.  “We love the idea of our employees going for ride at a lunch. These and Schlitz Park’s other health and fitness amenities will be great complements to our existing wellness program,” she said.

Badger Liquor will move into its Schlitz Park space in early January. Jenna Maguire and Ned Purtell of RFP Commercial, Inc., representing Schlitz Park, and Sam Dickman and Zachary R. Noble of The Dickman Company, Inc., representing Badger Liquor, negotiated the lease. 

“Like Badger Liquor, these are companies that will bring new jobs and new employees to downtown,” Grunau said. “That’s why we continue to invest in increasing the value of the economic development asset that is uniquely Schlitz Park.”
 

August 2016

Hunter Roers Milwaukee LLC purchased the vacant land located at 1333-1339 N Milwaukee Street for $950,000.  Scott Revolinski represented the Seller, LCM Funds 41 MKE-BROADWAY LLC.

LCM Funds 43 High Bay LLC purchased the 261,560 SF distribution facility at 130 & 200 W Capitol Drive for $5,820,000 from BWP Holdings LLC.  Scott Revolinski represented the Buyer.

Prairie Side Holdings LLC purchased 6300 Washington Avenue in Mount Pleasant, WI for $480,000.  Jenna Maguire and Hakan Hare represented the Seller.

The M Spa leased 2,660 SF at 188 S 2nd Street in Milwaukee’s Walker’s Point neighborhood.  Scott Revolinski and Patti Stevens represented the Landlord, LCM Funds 26 Prime LLC.

Employee Benefits Network leased 3,788 SF at 833 E Michigan Street in Milwaukee.  Ned Purtell represented the Tenant.

J & T Beauty and Nails leased 1,451 SF at 7502 W Oklahoma Avenue in Milwaukee.  Hakan Hare and Patti Stevens represented the Tenant.

Kinsa, Inc. has renewed its 3,364 SF at the Franklin Corporate Center located at 6779 S Franklin Drive in Franklin, WI.  Ned Purtell and Jenna Maguire represented the Landlord, SARA Investment Real Estate.

Advantage Resourcing America, Inc. has leased 2,522 SF at Lincoln Center III located at 10150 W National Avenue in West Allis, WI.  Ned Purtell and Patti Stevens represented the Landlord, Somerset Green WM Propco LLC.

Mike Martz (d/b/a Farmers Insurance) has leased 1,125 SF at W226 N665 Eastmound Drive in Pewaukee, WI.   Jenna Maguire represented the Tenant.

Secure Parking USA LLC has leased 1,227 SF at the Gas Light Building located at 626 E Wisconsin Avenue.  Patti Stevens represented the Tenant.

People’s Home Equity expanded 3,573 SF at Stoneridge III located at N14 W23833 Stone Ridge Drive in Waukesha.  Scott Revolinski and Patti Stevens represented the Landlord, D & K Management X LLC.

Monk and Lamb Property LLC purchased the former Taylor and Dunn’s Restaurant at 10365 N Cedarburg Road in Mequon for $625,000.  Scott Revolinski, Hakan Hare and Patti Stevens represented the Seller, SY-FI LLC.
 

July 2016

The Village of Shorewood purchased 4057 N. Wilson Drive in Milwaukee, WI for $2,484,825.  The 28,609 SF office building was formerly owned by Willcap Development Group LLC.  Joe Carollo and Jeanine Sweeney represented the Seller on this transaction.

MNA Silver Spring LLC purchased 2615 W. Silver Spring Road in Milwaukee, WI for $470,000.  Scott Revolinski and Patti Stevens represented the Seller, Mama Mia Italian Cuisine, Inc.

Big Fish Poke Bowl has leased 1,245 SF at 1800 E. North Avenue in Milwaukee, WI from RJ 1800 LLC.  Hakan Hare and Patti Stevens represented the Tenant.

Bharat Enterprise, Inc. leased 2,051 SF at 1556 N. Farwell Avenue in Milwaukee, WI. Hakan Hare represented the Tenant.

PRWB Real Estate LLC purchased the 1.80 acre land site located at 2509 W Washington Street in West Bend, WI for $300,000. Paul McBride represented the Seller, Harvey J. Bingen Revocable LV Trust.

Howard Precision leased 9,646 SF at 10545 W Donges Court in Milwaukee, WI.  Brett Deter and Scott Revolinski represented the Owner, LCM Funds 33 Donges LLC.

Employee Benefits Consultants, Inc. renewed its lease at 7040 N Port Washington Road in Glendale, WI.  Scott Revolinski handled the renewal.

Retina & Vitreous Consultants renewed and expanded to 2,223 SF at 13133 N Port Washington Road in Mequon, WI. Bob Flood and Nicole Allard represented the Landlord, Duke Realty Limited Partnership.

TMP Worldwide leased 10,825 SF at Fountain Square; the office complex located at W177 N9886 Rivercrest Drive in Germantown, WI.  Jeanine Sweeney represented the Landlord, Fountain Square LLC.

BF Construction leased 2,880 SF of warehouse space at 10545 W Donges Court in Milwaukee, WI.   Brett Deter represented the Landlord, LCM Funds 33 Donges LLC.
 

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