CREW Award-Congratulations!!

Marilyn Herzberg and Darlene Personius of Greywolf Partners were two of the recipients of the MNCREW Celebration Award for Collaborative Business at the MNCREW meeting on November 1.  The Collaborative Business Award honors MNCREW members who demonstrate an extraordinary commitment to marshal MNCREW talent, resulting in measurable business for one or more additional CREW members.  This project exemplifies the power and spirit of CREW and recognizes the collective CREW business completed.  The sale of Main Street Exchange in Waconia Minnesota involved five MNCREW/CREW members including Marilyn Herzberg, Asset Manager for Greywolf Partners who represented the ownership group in the sale of the asset; Darlene Personius, Property Manager for Greywolf Partners who managed the property and assisted with the due diligence process; Roseanne Hope, Principal at Hope Law who represented the buyer in the transaction; Kara Frank, Property Manager for Twin Realty who purchased the asset.  The sale was closed by Guaranty Title that is owned by MNCREW member Beth Sheehan.  The awards ceremony was held at The Metropolitan in Golden Valley on November 1, 2016.


Honey Creek I – Acquired

Joe Wagner and partners closed on the acquisition of a second building within the office park known as Honey Creek Corporate Center in suburban Milwaukee on September 15th.  This building was previously owned by a Tenant In Common group, of which Joe Wagner was one of the investors.  The building had been held by the group for 10 years, and had reached loan maturity.  The property is occupied by Graef-USA Inc. and Veolia Environmental Services North America among other tenants.  “This building has the best suburban office location in the market, and the timing was right for both the sellers and our investment group.” said Wagner.  Greywolf Partners has its corporate office location within Honey Creek Corporate Center.


Greywolf Managed Property Wins TOBY Award

At the annual meeting of the Building Owners and Managers Association, Greywolf Partners was awarded the TOBY Award for Historical Office Building of the Year for the Global Water Center.  Drawing upon a large base of members with backgrounds in business, academia, and government; this building has been the bedrock in providing a collaborative environment.  The building has been a catalyst of area development not only for water research, but also for this booming area of Milwaukee.  The LEED Silver Certified office building provides tenants and guests alike with an unparalleled environment in which to network, brainstorm and foster creation of new concepts and research topics of freshwater science and water technology. Accessible to the tenants are a 45 person auditorium, 14 person executive board room, lobby café and a gallery space servicable for a 225 person reception.  Accepting the award were Marilyn Herzberg, Director of Asset & Property Management; Derek Hausladen, Property Manager; and Mike Gilly, Lead Engineer.


Other Liberty Park

The Plan Commission will also review two other Liberty Park proposals Monday, with a public hearing for a 7,000-square-foot sports bar now named Lineage, and an initial review for a 10,500-square-foot retail building east of Sugar River Pizza. Lineage is the latest restaurant to expand into Verona from another city, following Sugar River Pizza at Liberty Park and coinciding with Gus’ Diner. Like Gus’ Diner’s ownership, Lineage owners Steve and Kelly Turner run a family restaurant in Sun Prairie (Willie Ty’s eatery). The plan calls for a mix of “three venues in one” – an “intimate” restaurant with seating for 138 inside, a bar on the opposite side of the building (separated from the restaurant by the kitchen and offices), and a patio outside the bar with room for 95. It bills itself as “an affordable eating experience with a casual dining feel with an evening supper club experience and a local gathering place for friendly service and fresh food at an affordable price.” The submission states it will serve “specialty burgers, sandwiches, soups and specialty comfort food selections.”


Miller Park Way building sold for retail redevelopment

A local real estate investor who is renovating a building on Miller Park Way into a Dental Associates clinic has purchased the neighboring property for a retail redevelopment. Construction will soon be complete to convert the former OfficeMax store at 2080 S. Miller Park Way in West Milwaukee into space for Dental Associates, said Joe Wagner, CEO of Milwaukee-based real estate firm Greywolf Partners Inc. Wagner and two other investors bought that shopping center last November for the redevelopment. The neighboring property to the south at 2172 Miller Park Way sold Wednesday to a separate group Wagner formed with Dave Merrick, a partner at Greywolf. That property has a vacant industrial building formerly occupied by Deutsch & Sons. “We just had this opportunity to buy this parcel and hopefully continue with retail development,” Wagner said. The existing building will be cleared to make room for a retail development, Wagner said. Discussions are underway with potential companies to move onto the property, he said. The property at 2172 Miller Park Way sold for $1.05 million, according to state records.


Derek Yentz Joins Greywolf Brokerage

MILWAUKEE, Wis. (November 10, 2015) – Greywolf Partners, Inc., a Wisconsin-based regional real estate firm, has hired Derek Yentz as a broker associate in the commercial brokerage division. Yentz will be working out of the Milwaukee office representing the real estate needs of tenants, investors and developers. 

Prior to joining Greywolf, Yentz worked at Associated Financial Group, the commercial insurance division of Associated Bank. While at Associated Financial Group, he advised business owners, property managers, developers and investors on their insurance programs.

Yentz sits on the board of directors for RedLine Milwaukee, Inc., a local non-profit art education and residency program. In addition, he also volunteers for a number of other non-profit organizations, including The Cystic Fibrosis Foundation.


About Greywolf Partners, Inc.

Formed in 2009, Greywolf Partners, Inc. is a regional real estate firm specializing in asset management, property management, facility management and brokerage services. With offices in Milwaukee, Madison and Minneapolis, Greywolf Partners oversees 3.0 million square feet of office, industrial, and retail space, as well as 1,300 residential and senior housing units. Greywolf Partners serves a variety of ownership groups, including small entrepreneurial owners, large institutional investors and Tenant in Common (TIC) ownership structures. For more information, visit www.greywp.com or call 1-877-543-4739.



Michelle Georgeson                                                      

 p: 877.543.4739 x9803

e: michelle.georgeson@greywp.com




New retailer to move into recently sold former OfficeMax on Miller Park Way

Three local investors paid $6.5 million for a shopping center on Miller Park Way with a vacant OfficeMax, and have locked in a new tenant to refill its empty spaces.

Joe Wagner>, CEO of Milwaukee-based real estate firm Greywolf Partners Inc., said he is part of the buyer group, along with local businessman Brad Paradeis and Kristian Sydow, an associate director with Milwaukee brokerage Cushman & Wakefield/The Boerke Co.

Wagner said the group has signed a new service retail company to refill the entire OfficeMax space under a 15-year lease. He declined to name the tenant.

Click link for full article: http://www.bizjournals.com/milwaukee/blog/real_estate/2015/11/new-retailer-to-move-into-recently-sold-former.html?ana=e_mil_real&s=newsletter&ed=2015-11-09&u=I%2FszVYri6gphmRtAv1YQkw040869c9&t=1447172829


Herzberg receives recognition at annual IREM Meeting

October 30, 2015 Company News - Marilyn Herzberg was recognized at the annual meeting for IREM for her 15th anniversary as a Certified Property Manager (CPM).  Marilyn is serving her final year of her elected term on the IREM Board of Directors and was sworn in at the annual meeting on October 29th.


Steve Pape, Greywolf Partners Brokerage, Interviewed on Live @ Noon TMJ4. Briggs & Al's Run & Walk returns Saturday September 19

Steve Pape, Greywolf Partners Brokerage,  Interviewed on Live @ Noon! Pape's sister spent a significant amount of time at Children's Hospital and lost her battle to a serious medical condition for which she had much of her life, and Doctor Marc Gorelick, the president of Children's Hospital joined Live at Noon to talk about the event. Click on the link below to watch the live interview!




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Global Water Center and Columbia St. Mary's BOMA TOBY Winners!

MILWAUKEE, WI – The Building Owners and Managers Association-Wisconsin and the Apartment Owners & Managers Association (BOMA-AOMA) announced The Office Building of the Year (TOBY) & Apartment Awards and installed the Officers and Directors for 2014-2015 at a banquet on Tuesday, September 16th at the Blue Mound Country Club.