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4/24/09
THE BUSINESS JOURNAL
"Good time to be in the office market"
LANDLORDS WILLING TO OFFER FREE RENT, OTHER INCENTIVES TO GET DEALS
 It's good to be a tenant looking for office space in the Milwaukee-area market.
Due to the economic downturn, landlords are striking deals that include free rent for up to a year, generous tenant improvements or buildout allowances, free parking for employees and other concessions to convince tenants to sign long-term leases of 10 or more years.
"Not many office lease deals are completed without some kind of incentive," said Dan Jessup, president of Grubb & Ellis/Apex Commercial, a Brookfield commercial real estate brokerage.
Jessup has been involved in several recent lease transactions that have included incentives to help defray the cost of moving expenses and even telephone and cabling allowances.
Grubb & Ellis/Apex Commercial is currently leasing medical office space in a new $15 million project by Wauwatosa developer Bill Patch at the intersection of Pilgrim and Lisbon roads in Menomonee Falls that will feature two 27,800-square-foot buildings. Jessup is offering prospective tenants one year of free rent as part of a 10-year lease.
"In the past year, landlord concessions have definitely escalated," said Jessup.
The corner of Pilgrim and Lisbon roads has three developments in planning stages. In addition to the medical offices on the northwest corner that are expected to be constructed by the end of 2009, VK Development, Brookfield, is planning to build 27 single-family homes on the southeast corner. The 40-acre northeast corner of the intersection will be the new home for the Brookfield Victory International Fellowship, a church formerly known as the Brookfield Assembly of God Church.
Sunburst Apparel Inc., a Hartland T-shirt printing company, signed a long-term lease for 35,125 square feet of office and warehouse space at 340 Maple Ave. in Hartland from Roadster Hartland LLC. Jim Young, a broker with Colliers Barry, Milwaukee, said he received free rent and other discounts for Sunburst Apparel by negotiating aggressively with the landlord's broker. He would not disclose the terms of the lease arrangement.
The low cost of the space allowed Sunburst to expand its growing business and keep the relative rental cost equal to its prior space, said Young.
"Landlords are being squeezed, which affects profitability, but doing discounted deals is better than none at all," said Charlotte Zurn, a broker and vice president of NAI MLG Commercial, Brookfield.
While retail numbers locally and nationally have been dismal, Marianne Burish, a vice president broker with Siegel-Gallagher in Milwaukee, said retail landlords in the more sought-after markets such as downtown Milwaukee and in the 3rd Ward are sticking to their guns and refusing to give in to tenants asking for concessions.
Eventually, retail landlords may join office landlords playing the concession game if a property sits idle for an extended period of time, Burish said. Large shopping malls and open-air lifestyle centers may also join the abated rent parade as mall spaces remain vacant for long periods of time, said a spokeswoman at Mayfair Mall in Wauwatosa.
A recent study by the real estate research company Reis Inc., New York City, reported that the amount of retail space occupied in U.S. shopping centers dropped by 8.7 million square feet in the first quarter of 2009. Figures for Milwaukee-area malls and shopping were not available from Reis.
The decline in the amount of occupied space that shopping centers and malls experienced in the first quarter was equal to the retail space lost in all of 2008, according to the Reis study.
"I think brokers are expecting retailers to begin seeking incentives because times are tough and realistically tenants may be in a position to take advantage of landlords," Zurn said.
In the office market, Jessup doesn't see the trend toward concessions, free rent and generous tenant improvement going away any time soon.
3/18/09
BIZ TIMES
"Deal of the Week"
Published March 18, 2009 - Real Estate Weekly
Brookfield-based Grubb & Ellis|Apex Commercial announced that senior vice president Robert LcCalire and vice president Paul Galbraith were the listing brokers for the sale of the 126-acre Camp Webb property in Wautoma, located in Waushara County. The property, located along Little Hills Lake, was purchased by Twin Land Holdings LLC. The sale price was not disclosed but the listing price was $2.5 million. The property was operated as Camp Webb and hosted summer activities and camps since 1960 by the Episcopal Diocese of Milwaukee. Twin Land Holdings will lease the property to a camp operator, and the new camp will be operational this summer as Camp Lakotah.
2/18/09
BIZ TIMES
"Deal of the Week"
Zeon Solutions Inc. recently purchased an 8,558-square-foot office condo at 311 E. Chicago St. in Milwaukee's Historic Third Ward from Hawley Strigenz Development and Weas Development for $1,283,700. Zeon is relocating to the Third Ward building from their current location on Innovation Drive in the Milwaukee County Research Park. Other purchasers of office condos in the building include Bob Kraft of PSA North America, David Baum of Schroeder & Holt Architects, Doug Weas of Weas Development, Charles Gabaldon of Gabaldon Properties, Robert Schmidt of Boulder Venture, Tyler Hawley and Kyle Strigenz of Hawley Strigenz Development and The Matrix Group. Zeon Solutions was represented by Michael Streit and Paul Galbraith of Grubb & Ellis/Apex Commercial in brokering the purchase.
7/10/08
SMALL BUSINESS TIMES
Real Estate Weekly
Real estate deals of the week
Chris Coakley, the owner of Milwaukee-based C. Coakley Relocation Systems Inc., recently purchased the 407,000-square-foot Briggs & Stratton facility at 500 N. Spring St. in Port Washington from Briggs & Stratton Yard Products Group. Grubb & Ellis|Apex Commercial broker Jeff Horn represented the buyer and seller in brokering the deal. Briggs & Stratton Corp. is now leasing the building from Coakley, and plans to close the plant by the end of the year. The plant is the former Simplicity Manufacturing Co. outdoor power equipment plant. Coakley said his company will use about a third of the building and he will lease the remaining two-thirds to other tenants.
04/28/06
APEX COMMERCIAL, INC. RECEIVES DEAL OF THE YEAR AWARD
The Business Journal 2006 Real Estate Awards Breakfast was held Friday, April 28, 2006 at the Pfister Hotel in Milwaukee and Brookfield-based, Apex Commercial, Inc., received the 2006 Real Estate Award in the Deal of the Year category for their roll in the Best Buy Retail Redevelopment project.
Best Buy Co., Inc. acquired three office buildings totaling 92,000 square feet on North Mayfair Road that will be the new home of the retailer's Wauwatosa store. They currently run a store at 2855 N. Mayfair Road, four blocks north of the new site, but were seeking a larger parcel to expand its store and parking. They will demolish the three buildings and construct a 45,000-square-foot, two-story building with an attached two-story parking deck for 146 vehicles. Daniel Jessup, CCIM and Michael Streit of Apex Commercial represented the seller in the $6.8 million real estate transaction.
A team of experts in the real estate community made up the panel of judges and the criteria for the awards were real estate deals and projects completed in 2005 that made an impact in the Milwaukee area. Eligible were projects in Milwaukee, Ozaukee, Racine, Washington and Waukesha counties.
HEARTLAND REAL ESTATE BUSINESS
05/05/06
OAKRIDGE APARTMENTS SELLS FOR $3.7 MILLION
 Stevens Point, Wis. - Canyon Creek Development has purchased the Oakridge Apartments in Stevens Point for approximately $3.7 million. The 56-unit, 47,950-square-foot complex was sold by Adobe Corp. Robert LeClaire of Brookfield, Wis.-based Apex Commercial was the listing broker
for the sale.
12/19/08
THE BUSINESS JOURNAL
"Grubb & Ellis closes two major industrial deals"
By: Pete Millard
"Brookfield's Grubb & Ellis/Apex Commercial Inc. closed two seven-year leases in early December for $12.9 million totaling 630,500 square feet of industrial space in Milwaukee and Memphis, Tenn.
Dan Jessup, president of the real estate brokerage firm, handled the larger of the two transactions for Menomonee Falls-based DDN-Obergfel, a medical supply distribution subsidiary of The F. Dohmen Co., Milwaukee.
DDN-Obergfel leased a 428,000-square-foot distribution facility in the..."
03/03/06
STRONG 2005 FINISH FOR SOUTHEAST INDUSTRIAL MARKET
"The Southeast Wisconsin industrial market finished strong in the second half of 2005 and most industry observers agree that 2006 will likely be the strongest year we've seen in five years. While industrial leasing has just begun to show steady increases in activity, industrial sales remain strong, as most manufacturing businesses prefer to own their properties.
The Southeast Wisconsin industrial market consists of approximately..."
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03/10/06
SENIOR HOUSING MARKET EXHIBITING POSITIVE TRENDS
"All sectors of the senior housing market have been showing positive trends of late and attracting outside capital once again. Is another development boom in the offing? Probably not like we saw in the mid to late 1990s, but we are likely to see more development going forward.
Acquisitions continue to show strong demand across all property types with especially strong market strength for the..."
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11/10/06
APEX COMMERCIAL, INC. ARRANGES SALE OF NORTHWOODS ASSISTED LIVING
Escanaba, Mich. - Brookfield-based Apex Commercial, Inc. has arranged the sale of Northwoods Assisted Living, a 40-unit Residential Care Apartment Complex located in Escanaba, Mich. The asking price was $4,799,000, $119,975 per unit and just over $106 per square foot. The selling price was not disclosed. Robert LeClaire, Senior Vice President of Apex Commercial's Senior Housing Division, represented the seller and procured the buyer in the transaction. The property is full with a waiting list and the new owners are planning to expand the facility.
10/05/07
Microsoft Recognizes Vendors for Outstanding Performance in 2007
Microsoft's top vendors receive Annual Excellence Award
REDMOND, Wash. - Oct. 5, 2007 - Microsoft Corp. today announced the winners of the 2007 Microsoft® Vendor Program (MSVP) Excellence Awards. This year's six winners - Grubb & Ellis Management Services Inc., MV Transportation Inc., LCJ EEIG, HP, Infineon Technologies AG and Kelly Services Inc. - were chosen from among the more than 15,000 vendors that Microsoft works with in the United States.
The MSVP Excellence Awards are handed out annually to vendors that consistently provide outstanding service and results to Microsoft. A panel of Microsoft executives selected this year's winners, which were nominated by Microsoft employees based on criteria such as value, quality, flexibility, innovation, security and privacy. The winners received their awards today at the sixth annual MSVP Annual Vendor Summit, held on Microsoft's corporate campus in Redmond.
"Selecting the MSVP Award winners is always a challenge, and this year proved no exception," said Tim McBride, general manager and chief procurement officer at Microsoft. "Its my privilege to say that the six vendors we recognize today truly stand out, and the exceptional service they deliver is invaluable to our company and our customers."
2007 MSVP Excellence Award Winners
Microsoft named winners today in six categories: Vendor of the Year, Quality, Service, Technology, Value and Diversity.
" Vendor of the Year Award: Grubb & Ellis Management Services, the property management subsidiary of one of the world's leading full-service commercial real estate companies, provides integrated facilities management for Microsoft's Redmond campus and several other U.S. and international locations. Grubb & Ellis has a well-deserved reputation for delivering integrated property, facility and asset management, construction/project management, engineering and energy services, emergency preparedness planning, product/agency leasing, lease administration, and business and fulfillment services.
" Quality Award: MV Transportation. MV Transportation assumed operation of the Microsoft Campus Shuttle in July 2005 and transformed it into a premier, fully automated service. Taking advantage of Microsoft technologies, MV developed a data-driven technological solution geared toward customer satisfaction. MV's system, which includes a unique and interactive dispatch center integrated with Microsoft MapPoint® software, offers Microsoft employees the most progressive campus shuttle service in the country.
" Service Award: LCJ EEIG. A leading provider of localization solutions, LCJ recently delivered localized language versions of the 2007 Microsoft Office system and the Windows Vista® operating system. Despite an unplanned increase in scope that drove translation capacity requirements to a peak, LCJ delivered content on time and met high-quality standards. Flexible scheduling and resource management were critical to LCJ's success, along with the company's longstanding commitment to customer satisfaction.
" Technology Award: HP. HP recently released a multifunction print device that uses the Microsoft Windows® XP Embedded operating system. The new multifunction print device provides better integration with Microsoft products, improved manageability, easier support and a better user experience. HP's device takes advantage of the Microsoft Windows Embedded family of operating systems.
" Value Award: Infineon Technologies. Infineon, a provider of leading-edge semiconductor technologies, supplies Microsoft with memory units and security chips. Infineon has especially influenced the success of Microsoft mouse products and Xbox® accessories. Key developments include an interoperable single-chip wireless protocol that led to significant system-level savings, and a Bluetooth optical sensor that enables the gaming mouse platform with the T2 chip.
" Diversity Award: Kelly Services. Staffing solutions provider Kelly Services increased its diversity spending with Minority, Women, Service Disabled Veterans, Business Enterprise (MWSDVBE) vendors to a new record in 2006, and the company has demonstrated an innovative approach and strong commitment to diversity. Kelly Services has also supported Microsoft's legal services mentor protégé program, an ongoing initiative dedicated to diversity law firms seeking opportunities with Microsoft and other Fortune 500 companies.
About the Microsoft Vendor Program
Established in 2002, the Microsoft Vendor Program is designed to enhance Microsoft's relationship with a select set of vendors that are critical to the company, and to make it easy for Microsoft employees to work with prequalified vendors. More information on the program is available at http://www.microsoft.com/procurement.
06/22/06
THE CHRONICLE
SOLD! PINE VIEW SOLD TO REAL PROPERTY HEALTH FACILITIES FOR $4.3 MILLION
By: Ken Luchterhand of the Jackson County Chronicle
 "The dotted line has been signed. The proud new owner of Pine View Care Center is Real Property Health Facilities, Corp., which bought the formerly county-owned nursing home for $4.3 million.
The Jackson County Board of Supervisors unanimously approved the sale at its June 19 meeting.
Dawn Marsh, Real Property representative, spoke to the board during closed session and following approval of the sale in open session. Marsh had given a presentation at the Dec. 19, 2005, board meeting, along with Tommy Davidson. Following the presentation at that time, the board chose..."
Click on the link below for the entire story:
Real Property Health Facilities
11/17/06
MILWAUKEE JOURNAL SENTINEL
"Apex aligns with Grubb & Ellis "
DEAL GIVES REAL ESTATE BROKERAGE BROADER REACH
By TOM DAYKIN
"A Brookfield commercial real estate brokerage firm announced Wednesday that it has affiliated with a national network of real estate brokerages.
Apex Commercial Inc. has affiliated with Grubb & Ellis Co., Apex principal Dan Jessup said.
Apex, which has nine brokers, can now gain referrals through Grubb & Ellis when large, out-of-state corporations need commercial real estate services in southeastern Wisconsin.
"It literally takes us from a local company to a local company with a global presence," said Jessup, who started Apex in 2002. "It's a big step for us."
Grubb & Ellis previously had a Milwaukee-area affiliation with Boerke Co. That ended in June, when..."
Click on the link below for the entire story:
Apex aligns with Grubb & Ellis
12/16/05
SMALL BUSINESS TIMES
APEX COMMERCIAL BROKERS SALE OF 42,000 SQUARE-FOOT RETAIL/OFFICE BUILDING
Milwaukee - Brookfield, Wis.-based Apex Commercial has brokered the sale of a 42,000-square-foot building in Milwaukee. Located at 341 N. Milwaukee St., the former Milwaukee Antique Center building sold to Desert Pacific Equity Partners for $1.9 million. The buyer plans to redevelop the property into first floor retail space and upper floor office condominiums. The seller was The Schulz Spellman Group. Paul Galbraith and Michael Streit of Apex Commercial were the listing brokers for the transaction.
11/11/05
THE BUSINESS JOURNAL
"Best Buy finalizes Mayfair Road deal"
PLANS CALL FOR TWO-STORY STORE
By: Pete Millard
Best Buy Co., Inc. has acquired three office buildings on North Mayfair Road that will be the new home of the retailer's Wauwatosa Store.
The Minneapolis retailer has been working for several months to acquire the properties, which are directly west of Mayfair Mall, 2500 N. Mayfair Road. Best Buy already runs a store at 2855 N. Mayfair Road, four blocks north of the new site, but was seeking a larger parcel to expand its store and parking. Daniel Jessup, CCIM of Apex Commercial represented the seller in the $6.8 million real estate transaction.
More than 30 tenants of the three office buildings have been notified they must move out by the middle of February, which is when Best Buy intends to begin demolishing Mayfair Tower, 2401 N. Mayfair Road: Mayfair Plaza, 2421 N. Mayfair Road; and the 2433 Building, 2433 N. Mayfair Road. The three office buildings have a combined value of $5.5 million and 120,390 square feet of office space, according to the Wauwatosa assessor's office.
Plans filed with the city of Wauwatosa show Best Buy will construct a 50,000-square-foot, two-story building with an attached two-story parking deck for 146 vehicles. Best Buy has not determined an estimated value of the project, said company spokesman Jay Musolf. The plans still need to be approved by the city of Wauwatosa.
10/28/05
SMALL BUSINESS TIMES
APEX COMMERCIAL BROKERS SALE OF 52-ACRE SITE IN MENOMONEE FALLS
Oconomowoc-based Four Leaf Development and Wauwatosa-based Spectrum Development plan to develop a 52-acre site on vacant land at the southeast corner of Good Hope and Pilgrim roads. Four Leaf purchased the land from the Gross family and sold nine acres to Spectrum. Brookfield-based Apex Commercial Inc. brokered both of the land sales. Spectrum plans to build two retail buildings, a 12,000-square-foot multi-tenant retail building and two 5,000-square-foot single tenant retail buildings. Four Leaf plans to build 132 condominiums on 43 acres, most in four-plex buildings. The condos will cost between $209,900 and $269,900. The company expects most of the buyers to be active empty nesters who don't want a single-family home anymore, but still want to live in Menomonee Falls, said Four Leaf principal John Wahlen said. "We expect 70 to 80 percent of the residents to be active adults," he said. "People who want to stay in the area. They don't want to change where they live, but they want to change the way they live." The development, which will be called Pilgrim Glen, will also include a four-acre park with an amphitheater with grass and bench seating, a swimming pool, walking trails with boardwalks over wetlands and a clubhouse with a pool table, a fireplace, a kitchen and meeting rooms. More information is available at (www.pilgrimglen.com).
01/01/04
DAN JESSUP FEATURED IN THE BUSINESS JOURNAL OF MILWAUKEE BOOK OF LISTS
"Who's the leader in your market?"
The Business Journal of Milwaukee Book of Lists provides you with listings of hundreds of the hottest area companies in their fields, by ranking. You'll also receive the names of key decision makers, along with their titles and complete contact information.
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October 2004
REALTOR OF THE YEAR 2004 AWARDED TO DANIEL JESSUP
The term, Realtor of the Year, brings to mind an image of a super salesperson, and while the award does not necessarily require the recipient to be a superman or superwoman, it does mean that the recipient is indeed a superb Realtor, an exemplary citizen and an accomplished professional. This award is intended to spotlight individuals who exemplify the values and ethics of the Realtor organization.
While success in business is not the sole decisive factor considered by the selection committee, it is among several components. Fellow Realtors nominate potential candidates who are then judged on their participation in the Commercial Association of Realtors Wisconsin, Inc. (CARW), Civic and Community Activity, Professional Conduct and Outstanding Contribution to the Profession. This year CARW has named Daniel J. Jessup, President of Apex Commercial, Inc., Brookfield, Wis., its 2004 Realtor of the Year. Dan also received this prestigious award in 2000.
With over thirteen years of experience in commercial real estate, Dan has listed for lease or sale over 6,000,000 square feet of office space and has completed transactions totaling more than $50,000,000 in value. He is a graduate of Marquette University and has earned the Certified Commercial Investment Member (CCIM) designation. Dan also served the Commercial Association of Realtors Wisconsin, Inc. in many capacities over the years including current Chairman of the Board for the Wisconsin Commercial Data Exchange.
May, 2004
PAUL GALBRAITH MOVES TO APEX COMMERCIAL, INC. AS NEW VP
Apex Commercial, Inc. is please to announce Paul T. Galbraith has joined the firm as Vice President.
Mr. Galbraith has seventeen years of commercial real estate experience. Prior to joining Apex Commercial, Inc., Paul spent ten years in Southern California as Vice President of Marketing and Leasing for Birtcher Anderson Properties, an owner, manager and developer of commercial real estate. He has completed over 2,000,000 square feet of lease transactions totaling more than $120,000,000 with landlords and tenants throughout the country. These tenants include Praedium Funds, Cigna, Wachovia Securities, Xerox Corporation, State Farm, TireCo, Wells Fargo Bank, and Infinity Radio. His expertise includes asset management, acquisition and disposition consulting, and property valuation.
Mr. Galbraith is a graduate of the University of Wisconsin Milwaukee and holds Bachelors degrees in Finance and Real Estate and Urban Development. Paul is a licensed real estate broker in Wisconsin and Illinois.
Pauls areas of focus at Apex will include: Brokerage of Office Properties, Landlord/Seller representation, Tenant/Buyer Representation, Property Acquisition and Disposition, and Consulting Services.
April, 2004
APEX CLOSES OVER $16 MILLION OF COMMERCIAL PROPERTY DURING 1ST QUARTER 2004
RETAIL POWER STRIP CENTER, County Line Rd., Germantown, WI
$8.9 million
48,638 square feet retail strip center
Apex Brokers: David Lange, CCIM & Lester Birbaum
RETAIL POWER STRIP CENTER, Paradise Plaza, West Bend, WI
$4.9 million
45,000 square feet retail strip center
Apex Broker: Lester Birbaum
HOLGREN WAY, Green Bay, WI - $2 million
105,290 square feet industrial sale / leaseback
Apex Broker: David Lange, CCIM
FOREST HOME AVE, Franklin, WI - $1.14 million
16,890 square feet multi-tenant office / warehouse
Apex Brokers: Daniel Jessup, CCIM & David Lange, CCIM
May 2005
APEX COMMERCIAL CELEBRATES NEW GROWTH
"On the eve of their third anniversary, Apex Commercial, Inc. is celebrating new growth. Daniel Jessup, who founded Apex Commercial three years ago has presided over the Brookfield-based companys growth from 3 to 7 brokers and more than $102 million in commercial real estate transactions.
Most recent additions to the Apex team included Gregory Burk as Vice President, Industrial Property; and Robert LeClaire, Senior Vice President focusing on the brokerage of senior housing facilities as well as..."
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July, 2004
APEX COMMERCIAL, INC. COMPLETES INVESTMENT SALE IN MILWAUKEE
Milwaukee, Wis. David Lange of Brookfield, Wis.-based Apex Commercial, Inc. recently closed on the sale of the Towne Air Freight building, a 20,800-square-foot single tenant leased truck terminal located at 1500 W. Zellman Court in the City of Milwaukee. CenterPoint Properties purchased the building on a 100% triple net leased basis from 1500 West Zellman Court, LLP for $2,450,000.
July 2004
APEX COMMERCIAL, INC. COMPLETES SALE OF BROWN DEER BUSINESS PARK
Brown Deer, Wis. Apex Commercial, Inc. is proud to announce the sale of the 40-acre Brown Deer Business Park. HSA Commercial Real Estate, Inc., a Chicago real estate investment firm, purchased the business park for $28,750,000.
Comprised of 10 industrial, office and flex-tech buildings, the 717,717 square feet mixed-use business park located north of W. Brown Deer Road and west of N. Green Bay Road was purchased from New York-based pension fund Teachers Insurance and Annuity Association. The business park was the first mixed-use business park built in the market.
Brokers involved in the transaction were David Lange of Apex Commercial, Inc., William Bonifas of Polacheck Co. and Mike Vesper of CB Richard Ellis in Chicago.
09/29/2005
MILWAUKEE JOURNAL SENTINEL
ASSOCIATION RECOGNIZES 50 YOUNG COMPANIES
The Metropolitan Milwaukee Association of Commerce selects 50 area companies showing strong growth in sales and employment. The firms are independent, privately owned, less than 10 years old and located in metro Milwaukee. About 100 companies were nominated this year.
Click on the link below for The Future 50 winners list or download our company bio as it appeared in the Small Business Times:
The Future 50
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September 2003
APEX SELLS MENOMONEE FALLS BUILDING:
SPORTS COMPLEX AND TAVERN REDEVELOPMENT PLANNED
Menomonee Falls, WI September 2003 A new sports complex and tavern, J Riley's, is scheduled to open its doors as early as next month to service an untapped niche in the Menomonee Falls market. Renovations are currently under way to transform a former health club into an indoor / outdoor sports complex focusing on billiards, indoor and outdoor volleyball and an arcade. The facility also has a full service bar and will serve a limited menu to customers. A local entrepreneur, purchased the two-story, 19,000 square foot facility located at N85 W15964 Appleton Avenue from Plaza Company of Menomonee Falls for $388,000. "We're excited to open up in this area since there is not entertainment of this sort offered anywhere near here," says the owner. David Lange, CCIM of Apex Commercial represented both the seller and buyer in the real estate transaction.
September 2003
APEX SELLS DOWNTOWN MILWAUKEE BUILDING:
NEW BUSINESS AND REDEVELOPMENT PLANNED
Downtown-West, Milwaukee, WI 738-740 N. James Lovell in Milwaukee's Downtown-West Area was sold to a local entrepreneur, owner of Ultra Fidelis, Inc., for $250,000 Friday of last week. The 4,000 square foot former day care center is currently being converted into a retail shop / showroom for Ultra Fidelis, a high performance audio and home theater dealer. "The open layout of the day care center was ideal to convert into an open showroom for our product," says the owner. This retail location is unique due to the custom nature of this high-end equipment. "Most of Ultra Fidelis' retail traffic will be by appointment only", he explains, "but walk-ins are welcome." David Lange, CCIM of Apex Commercial represented both the seller and buyer in the real estate transaction.
May 2003
Apex Represents Metropolitan Group Developers
in Sale of Downtown-West Building
Dan Jessup and John Czarnecki of Apex Commercial, Inc. brokered the sale of a three-story, 60,000-square-foot building at 728 N. James Lovell Street. The Metropolitan Group purchased the Downtown-West building from Lovell Development L.L.C., a group of local investors, for $530,000. They plan to convert the building into a 36-unit apartment or condominium project. Metropolitan Group is owned by David and Craig Jorgensen, who also are principals at Waukesha construction firm Voss Jorgensen Schueler Co., and Dan Genzel.
Click on the link below for the story that appeared in The Business Journal:
"Metropolitan Group plans Westown condos"
APEX FEATURED IN SMALL BUSINESS TIMES ARTICLE
JUNE 13, 2003
"A year later, Apex Commercial sees big surge"
By: Charles Rathmann
"Brookfield-based Apex Commercial has seen a surge in business, with its transaction volume significantly ahead of figures anticipated by company president Dan Jessup.
Days after Jessup sarted the company in May 2002, he landed the..."
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