CBRE and Wangard Partners announced today that Spaces, the pioneer in creative, flexible workspaces, has signed a new 43,000-square-foot lease at 1433 North Water Street opening its first Milwaukee location. They will join Bader Rutter and Riverwater Partners at the building.
The Spaces Milwaukee location has been specifically designed to meet the needs of a variety of business models and growth stages by offering a wide range of creative, flexible workspace options. It will feature a business club allowing members to work and interact, along with private offices and dedicated desks. Members will also have access to fully-equipped meeting rooms, a rooftop patio as well as other amenities and networking events that foster community and kinship between members.
“Milwaukee has long been known as a hub for key industries, particularly in the food and beverage space. The city is now seeing a significant rise in startups planting their roots here due to the affordable cost of living and growing access to capital,” said Michael Berretta, Vice President of Network Development for IWG, which owns Spaces. “North Water Street was the ideal location for our first entry into Wisconsin. It’s in a thriving business community and situated among a vibrant intersection of theater, entertainment, dining and culture.”
Developed by Wangard Partners, 1433 North Water Street is a new construction and redevelopment project of the former Laacke & Joys building in downtown Milwaukee. The turn-of-the-century building was developed into a new office building with a new, glass and steel office structure totaling 115,600 square feet. With its lease on the fourth and fifth floors, Spaces will have space in both the existing and new portions of the building as well as a rooftop patio.
“This iconic Milwaukee project is a perfect fit for an innovative co-working company like Spaces. 1433 Water and Spaces were both developed for the end user that’s striving for a collaborative, amenity-rich, and comfortable environment. Spaces values being in the heart of the Milwaukee CBD and appreciates the rich history and a live-work-play environment. We’re honored and excited to welcome Spaces, as a first-in-market business, to 1433 Water, which is a first-in-market designed building. We hope together this will help spur future job growth in Milwaukee,” said Burton Metz, Vice President of Wangard Partners, Inc.
John Mazza and Alyssa Geisler in CBRE’s Milwaukee office represented Wangard Partners in the new lease with Spaces. They are currently marketing the building’s remaining 3rd floor office space for lease. Michael Streit and Patrick Savoie from JLL Wisconsin represented Spaces.