{"id":1004072592,"date":"2013-05-11T10:01:21","date_gmt":"2013-05-11T18:01:21","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=124755"},"modified":"2020-05-13T21:48:46","modified_gmt":"2020-05-14T05:48:46","slug":"irgens-seeks-tax-increment-financing-for-833-e-michigan-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/irgens-seeks-tax-increment-financing-for-833-e-michigan-tower\/","title":{"rendered":"Irgens Seeks Tax-Increment Financing for 833 E. Michigan Tower"},"content":{"rendered":"<p><em><span lang=\"EN-US\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/05\/833-East.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-124757\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/05\/833-East.jpg\" alt=\"\" width=\"300\" height=\"300\" \/><\/a>by Adriana Pop, Associate Editor <\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><br \/>\nIrgens is pursuing $12 million in tax-increment financing for its proposed $100 million office tower in Downtown Milwaukee. The developer plans to move its corporate headquarters from the Milwaukee County Research Park in Wauwatosa to the 17-story, 357,000-square-foot structure at 833 East Michigan Street according to <a href=\"https:\/\/www.biztimes.com\/article\/20130508\/ENEWSLETTERS06\/130509825\/-1\/Real_Estate\" rel=\"nofollow\" ><em>BizTimes<\/em><\/a>.<\/span><\/p>\n<p>So far, the project\u2019s pre-committed space totals approximately 155,000 square feet, including leases to the Godfrey &amp; Kahn law firm and two unnamed tenants. &#8220;We&#8217;re pre-leasing the building to 50 percent to get financing,&#8221; said Mark Irgens, the company\u2019s CEO &amp; president.<\/p>\n<p>Designed by Milwaukee-based architectural firm Kahler Slater, the tower will be located on the current site of the U.S. Bank Center\u2019s parking garage. Irgens is planning to purchase the land from U.S. Bank, which will also finance the sale. The organization could also become one of the property\u2019s tenants, the newspaper reports. Construction could begin this year and be complete by 2015.<\/p>\n<p>The tower would provide panoramic views of Lake Michigan and Downtown Milwaukee,  LEED-certified design, an outdoor terrace overlooking the lake, a fitness center, a conference center, more than 400 parking spaces, and skywalk access to US Bank Center and the US Bank parking garage. Bill Bonifas of CBRE Group Inc. is marketing the property.<\/p>\n<p>Notable projects completed by Irgens include ASQ Center, 875 East Wisconsin, and GE Healthcare Research Park. Additional company offices are located in Chicago and Phoenix.<\/p>\n<p class=\"MsoNormal\"><em><span lang=\"EN-US\">Rendering: Irgens\/Kahler Slater <\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate development firm Irgens is considering city financing for its proposed $100 million Class A multi-tenant office tower in downtown Milwaukee. The company is also planning to move its corporate headquarters from the Milwaukee County Research Park in Wauwatosa to the new facility.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004072592","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Irgens Seeks Tax-Increment Financing for 833 E. Michigan Tower - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/irgens-seeks-tax-increment-financing-for-833-e-michigan-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Irgens Seeks Tax-Increment Financing for 833 E. Michigan Tower\" \/>\n<meta property=\"og:description\" content=\"Real estate development firm Irgens is considering city financing for its proposed $100 million Class A multi-tenant office tower in downtown Milwaukee. The company is also planning to move its corporate headquarters from the Milwaukee County Research Park in Wauwatosa to the new facility.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/irgens-seeks-tax-increment-financing-for-833-e-michigan-tower\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-05-11T18:01:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-14T05:48:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/05\/833-East.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/irgens-seeks-tax-increment-financing-for-833-e-michigan-tower\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/irgens-seeks-tax-increment-financing-for-833-e-michigan-tower\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Irgens Seeks Tax-Increment Financing for 833 E. 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