Downtown Green Bay, Inc.: Multi-property acquisition in downtown Green Bay

Tim Besaw

Besaw & Associates Realty

(920) 338-8080

[email protected]

Jeff Mirkes

Executive Director

Downtown Green Bay, Inc.

(920) 639-8090

[email protected]

Brian Johnson

Executive Director

On Broadway, Inc.

(920) 242-2206

[email protected]

GREEN BAY, Wis. —

A Green Bay Investment Group managed by Besaw & Associates Realty Ltd. recently acquired two office buildings in downtown Green Bay at 164 N. Broadway and 425 Pine Street. The real estate group plans to lease the properties as office space as more employees are returning to the office, being attracted to the excitement and amenities downtown Green Bay has to offer.

U.S. Bank’s offices will occupy the first two floors of 425 Pine St. with floors three through seven available for lease for a new office tenant in the Downtown District. Leasing and management will be operated by Besaw Realty & Associates Ltd.
“We feel strongly about the potential Green Bay market and prefer to invest locally,” states Tim Besaw of Besaw & Associates Realty Ltd. “With escalating new construction costs, existing remodeled office space will be a sought after more affordable option. These two properties are well situated with the local supporting amenities a large office user would expect for their employees that may occupy the spaces. The 425 Pine St. building has exceptional views of the downtown Green Bay. As for 164 Broadway, the rooftop deck and exposed historic brick finishes is situated near the soon to be Green Bay Public Market, with views of the Fox River in the Broadway District, making these two properties prime locations.”

“It’s great to have U.S. Bank remaining on the first two floors at 425 Pine Street,” states Jeff Mirkes, Executive Director of Downtown Green Bay, Inc. & Olde Main Street, Inc. “I’m impressed with the new owner’s plans to recruit additional office tenants to The Downtown District. Views of the city from both properties are impressive, and coupled with space remodeling, will contribute to their recruitment efforts. We are very pleased they added these two office buildings to their portfolio.”

“Vacancies in the Broadway District remain low with high demand given the desirability to be located near amenities such as restaurants, shopping, and active street fronts with accessible parking,” states Brian Johnson, Executive Director of On Broadway, Inc.

“Besaw & Associates Realty is showing a strong commitment to the revitalization of this property with new tenants. They’re bullish on what the Broadway District has to offer, and so are we. We’re thrilled to see a local investor with deep roots in our community take ownership of this significant property.”

Learn more about these two available downtown properties at besawrealty.com.
About Us Downtown Green Bay, Inc., Olde Main Street, Inc., and On Broadway, Inc. are nonprofit Business Improvement Districts that work to preserve and improve the social and economic climate of the districts. Learn more about the districts at downtowngreenbay.com.