Irgens revitalizes, leases-up Brookfield’s Bluemound Crossings
With the recent announcement of Spring Bank’s early 2013 move to Bluemound Crossings – two single-story, multi-tenant medical/commercial office buildings totaling 49,451 SF at 16620 West Bluemound Road in Brookfield – Irgens is pleased to announce that the revitalized asset has reached over 91% occupancy. Spring Bank joins three additional new tenants, along with the extension of two others, to the rejuvenated property.
Newly leased tenants include:
Wisconsin Heart Group – 14,442 square feet
Spring Bank – 7,500 square feet
Yellow Book – 2,831 square feet
Weldy Lamont – 887 square feet
KDR Lawyers – Expanded and extended lease
Ameriprise Financial Services – Recently expanded, renewed and extended lease
Additional tenants at the property include:
John Casablanca’s Modeling & Career Center
L’Image Skin Spas Brookfield
Wisconsin Eye Clinic
Revitalizing Bluemound Crossings
In December 2008, Irgens foresaw great potential in purchasing the mostly vacant property. In need of significant internal and external improvements, the easily accessible and highly visible property was renovated, renamed and rebranded as Bluemound Crossings. Irgens instituted an overall energy efficiency plan, highlighted by the replacement of outdated rooftop HVAC units and the renovation of common areas and restrooms. The parking lot was sealed and restriped, landscaping was enhanced, damaged portions of the brick façade were repaired and new monument signage was installed.
“Our value purchase, redevelopment and lease-up of Bluemound Crossings illustrates our increasing efforts in the strategic acquisition and investment arena,” said Dave Merrick, Vice President and Milwaukee Market Manager for Irgens. “Bringing this property back to life and to nearly full occupancy benefits the entire Brookfield office and commercial market.”
Repositioning the buildings has enhanced Bluemound Crossings’ presence in the marketplace. Located in the heart of Brookfield, the buildings are in a prime location with easy access along the high-traffic corridor of Bluemound Road and an estimated 39,300 drivers passing the buildings daily.
William Bonifas of CBRE Milwaukee served as the listing broker of record on the lease transactions for Irgens. Only two spaces – one at 1,975 SF and another at 1,918 SF – remain at the property. Contact Tim Nelson, CCIM, at firstname.lastname@example.org for floor plans and to set up a showing.
- Tenant improvement allowance available
- Professionally landscaped and maintained grounds
- Easy access to I-94
- Highly visible location
- Ample parking with easy access to Bluemound Road
- Nearby restaurants, hotels, banks and service
- Beautiful atrium
- Potential monument signage