GLENDALE — HSI Development Partners LLC, a Glendale-based real estate development and construction management company, announced today that it has chosen Hunzinger Construction as the general contractor for what will be the largest project to date in Milwaukee’s Menomonee Valley Industrial Center.
The 160,000-square-foot facility will be built at the gateway to the redeveloping Valley, just east of Miller Park along Canal Street. The development will cost an estimated $10 million.
The facility will be leased long-term to Derse Inc., a national company based in Wauwatosa that is known for making high-tech, large-scale exhibition booths. Derse plans to move its headquarters to the Valley so that it can expand its operations and grow its workforce.
“Hunzinger is a reliable, capable and quality builder with a century-long tradition of excellence, dependability and safety,” said Ryan Schultz, an HSI principal. “We are pleased to have them on the team for this project.”
“Hunzinger will do a great job in building the forward-looking design by Eppstein Uhen Architects that incorporates numerous glass and pre-cast concrete elements,” said HSI Principal Brett Haney. “We believe this project will not only meet the needs of our client, Derse, but also will be an attractive addition to the Valley neighborhood that demonstrates HSI’s commitment to high-quality projects.”
“We are proud to have been selected to join the HSI team for this exciting new development in the Menomonee Valley, and look forward to bringing their vision to reality,” said Kevin O’Toole, Hunzinger’s executive vice president.
The Milwaukee Redevelopment Authority recommended the sale of 8.1 acres of Valley land to HSI for $971,000, and the Common Council approved the sale in November. The final property transfer occurred May 22.
HSI Development Partners LLC was formed in 2007 by principals Brett Haney and Ryan Schultz, combining nearly 15 years of experience in real estate development and project management. HSI is a real estate company that provides commercial and residential development, build-to-suit construction management, brokerage, real estate investment and property management services. As a boutique real estate company, HSI is able to focus personal attention on individual clients, regardless of the size or scope of the project. For more information on HSI Development Partners, visit www.hsidevelopment.com.
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