225,000 SF CLASS A OFFICE SPACE
225,000 SF CLASS A OFFICE SPACE Available for lease: 27,568 SF 27,568 SF CLASS OFFICE SPACE 875 East Wisconsin Avenue is the premier office building in the Downtown area. It embraces great architecture, state-of-the-art construction and an irreplaceable location overlooking the Milwaukee Art Museum and Lake Michigan, all within the heart of a vibrant urban business district. The Downtown Milwaukee renaissance has spurred national, long-time suburban companies to relocate has brought a rebirth to the already vibrant area.
GENERAL INFORMATION Space Available Entire 2nd fl oor 27,568 (divisible) Walk Score 90 Walker s Paradise! Price Negotiable Future Expansion An expansion between 875 and the US Bank Center is being planned that would offer additional amenities Parking 1,175 stalls at O Donnell Garage through 875 East Wisconsin Parking Structure giving protection from the elements Signage Available on building facing Wisconsin Avenue Transit Score 67 Good Transit Accessibility Car sharing is available from RelayRides Traffi c Count 8,700 AADT on E. Wisconsin Avenue, 11,700 AADT on E. Michigan Street and 28,900 AADT on North Lincoln Memorial Drive (WIDOT)
FLOOR PLAN
PHOTOS
AMENITIES TENANTS ENJOY Proximity to the lakefront, summer festivals, Milwaukee museums and parks Heated indoor parking including free service for keys locked in cars, dead batteries, towing and security escort service for tenants after-hours. Direct access to 1,175 public parking spaces at O Donnell Garage through 875 East Wisconsin Parking Structure giving protection from the elements Easy access to Interstate system within one-half of a block from 875 East Wisconsin Avenue Double loading dock access 24/7 secured loading dock access with camera monitoring Dual power sub-stations supplying back-up electricity power to the building a 2000 KW / 3000 HSP multi-turbo charged diesel back-up generator for building electricity, providing.0009 KW per square foot Four elevators serving 7 floors or 1 elevator per 48,244 square feet three elevators serving the parking structure or 1 elevator per 148 parking spaces One parking space per 471 square feet in the building Transponder parking garage entry (as opposed to an access card swipe); most downtown building use swipe cards Manned parking attendant during normal building hours of operation 9.4 ceiling height through-out the leased premises 24/7 on-site security staff, including camera surveillance through-out the building Designated mail room serving USPS, UPS and Federal Express for all tenants use State-of-the-art after hours lighting and HVAC system. Allows tenants to schedule after hour requests and specific energy use per tenant space, all accessible by the tenants, giving more control over expenses with the ability to document use history Dedicated fiber optic Internet with 100 Mb symmetrical bandwidth (TWC, AT&T, EarthLink & Satellite) Landscaped outdoor patio for tenants use; includes tables and chairs for lunchtime use Permitted, limousine drop off area at sidewalk curb cut-out at front entrance of the building Access to a shared large cafeteria/presentation/executive training area on the 1st Floor US Bank Center skywalk connection to Aurora Health, Barney s Salon, Bartolotta s Downtown Kitchen, Colectivo Coffee and more! Walk Score: 90 (Walker s Paradise); access to 10 bus lines all within 0.1 mile, RelayRides car sharing service and a bike share
NEARBY EMPLOYEE FACTS 81,000 employees are in Downtown Milwaukee (Bid #21) Downtown Milwaukee accounts for more than 43% of the office market in the Milwaukee area. Northwestern Mutual s headquarters is.2 miles away brining 1,900 new positions and 34-story mixed-use tower. The Couture is a 44-story skyscraper showcasing public plazas and parks, pedestrian bridges, 600 new residences, highend retail and restaurants is within a ½ mile of the 875 building. It will replace the transit center and will be a transit hub for the community. NEARBY ARTS, CULTURE AND ENTERTAINMENT There are six universities within two miles of Downtown; MSOE is located across the street from the site Downtown is home to multiple auditoriums and theaters with > 10,000 seats; Proposed Streetcar will have a stop just 4 blocks from the site Milwaukee is positioned to become the world epicenter for water and science technology; drawing conferences In summary, there were 4.3 million annual visitors to Bradley Center, Maier Festival Grounds and Wisconsin Center District.
The City of Milwaukee, located on the western shore of Lake Michigan, is the largest city in the state of Wisconsin with a population of 599,164 as of 2013. With a size of 98.6 square miles, it is the central economic driver of the Milwaukee- Racine-Waukesha metropolitan area, which has a population of 2,040,498 as of the 2013 US Census estimate. The city lies 92 miles north of Chicago IL, 80 miles east of Madison WI, and 330 southeast of Minneapolis/St. Paul MN. As such, it is in close proximity to some of the Midwest s premier employment, financial and educational institutions. Downtown Milwaukee has experienced starkly different population, employment and income growth trends compared to the broader city. The City of Milwaukee experienced relatively flat population and income growth from 2000-2010, according to the US Census Bureau. Over that period, the citywide population declined by 0.4% while median household income rose 2.2% to $32,911. In contrast, Downtown Milwaukee s population grew by 25.5% to 21,395 over the corresponding period. The median household income of downtowns residents also increased by an impressive 38.4% to $44,205. As of 2010, the median age of a downtown resident was 29.9 years, a decrease of 7.1% since 2000. By contrast, the citywide average age in 2010 was 30.3 years, a decrease of only 1% over the past decade. This reflects the broader nationwide trend of young people relocating to the core urban area. The top 5 private sector employers in Downtown Milwaukee include Roundy s, Northwestern Mutual, Wisconsin Energy Corporation, BMO Harris Bank, and AT&T Wisconsin, according to the MMAC Business Resource Guide. In aggregate, there are approximately 81,000 employees working downtown, 56.4% of them working in white collar industries such as finance, insurance, professional or scientific services, and administrative capacities. Over 57% of employees working downtown earn more than $3,333 per month, according to the Census Bureau. Out of the 81,000 employees working downtown, 96.8% live outside of the downtown area as defined above although 40.2% live in the City of Milwaukee and 60% live within 10 miles of downtown, according to the US Census Bureau. A 2013 report prepared for the International Downtown Association found that Downtown Milwaukee has Extremely High Job Density at 112 jobs per acre. This was among the highest in the study. The same study found that Downtown Milwaukee has an Extremely High Live-Work Quotient, with 30.9% of workers both living and working within the commercial downtown and the surrounding 1 miles radius. This again ranked among the highest in the study and was on par with Minneapolis (34.9%), Pittsburgh (31.3%), Charlotte (31.2%) and Denver (30.9%). Metro Milwaukee is currently experiencing a significant amount of investment in development and infrastructure; in fact, there has been $2.6 billion of public and private investment that has taken place within downtown Milwaukee since 2005. The City of Milwaukee continues to grow and add new jobs in the central business district. Northwestern Mutual is building a new 1.1 million square foot office tower on the site of its current 500,000 square foot office with total project costs of approximately $500 million. This new office complex will serve as a catalyst for job growth in the city by preserving approximately 1,000 jobs while creating an additional 2,000 jobs. Another recently completed project includes the 18-story, 358,000SF 833 East Michigan office building with a total project cost of $101.5 million. Additionally, another $29.5 million of office development has been proposed for downtown. Multi-family is also booming in the market. Currently, eight apartment project are under construction in downtown Milwaukee totaling $176.2 million and an additional $467.9 million in proposed multi-family development. In Southeastern Wisconsin, employment gains through business expansion and new business relocations have encouraged developers to complete the most apartments since the recession, while net absorption was strong for the fifth straight year. There is also $98.6 million of projects under construction and proposed investment in public infrastructure. These project include the Hoan Bridge/I-794 Reconstruction ($172.2 million), which is currently under construction; the Lakefront Gateway Project ($34 Million); and the Downtown Streetcar Loop ($64.6 million). The Lakefront Gateway Project is a collaborative effort to improve the public spaces at the downtown lakefront, improve connections between the lakefront, downtown Milwaukee, the Historic Third Ward and create and enhance development sites. The Milwaukee Streetcar Loop will improve public transit and promote future economic development. The first phase will be a 2.5-mile starter system that will connect Third Ward (the fastest-growing neighborhood in the City); East Town (with the largest concentration of jobs in the state); and the lower east side (the highestdensity residential neighborhood in the state). Overall during 2015, according to Marcus & Millichap, employers will generate 10,000 jobs in the metro area, a 1.2% increase. According to the Milwaukee Metropolitan Association of Commerce (MMAC), nonfarm payrolls have grown for 54 consecutive months. During 1Q2015, average hourly earnings increased 2.9% from the previous year while new car registrations increased 8.9%, potentially alluding to increased confidence of the consumer to spend discretionary income. According to research from Marcus & Millichap, the Milwaukee metro will create nearly 7,000 office-using positions this year. The positive employment outlook will continue to bolster growth in Milwaukee. In aggregate, the 1Q2015 economic data points to sustained growth.
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Stat. 452.01(1e) as a condition or occurrence that a competent licensee 48 generally recognizes will signifi cantly and adversely affect the value of the property, signifi cantly reduce the structural 49 integrity of improvements to real estate, or present a signifi cant health risk to occupants of the property; or information 50 that indicates that a party to a transaction is not able to or does not intend to meet his or her obligations under a 51 contract or agreement made concerning the transaction. 52 NOTICE ABOUT SEX OFFENDER REGISTRY You may obtain information about the sex offender registry and persons 53 registered with the registry by contacting the Wisconsin Department of Corrections on the Internet at 54 http://www.doc.wi.gov or by telephone at 608-240-5830. Wangard Partners, Inc WISCONSIN REALTORS ASSOCIATION 4801 Forest Run Road Madison, WI 53704