{"id":1004690160,"date":"2023-11-15T00:42:38","date_gmt":"2023-11-15T08:42:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004690160"},"modified":"2023-11-15T04:22:20","modified_gmt":"2023-11-15T12:22:20","slug":"the-marcus-corp-to-relocate-downtown-milwaukee-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-marcus-corp-to-relocate-downtown-milwaukee-hq\/","title":{"rendered":"The Marcus Corp. to Relocate Downtown Milwaukee HQ"},"content":{"rendered":"
\"111<\/a>

Associated Bank River Center rises 28 stories in downtown Milwaukee. Image courtesy of CommercialEdge<\/em><\/p><\/div>\n

Theater and hotel company The Marcus Corp. <\/strong>will expand and relocate its Milwaukee headquarters, to occupy 52,000 square feet at the Associated Bank River Center. The firm inked a lease with landlord Associated Bank<\/strong> and plans to finalize the relocation by mid-2024. CBRE <\/strong>represented the tenant in the transaction, while Colliers <\/strong>worked on behalf of the owner.<\/p>\n

The company previously occupied space at the 100 E. Wisconsin Ave. building, which recently changed hands. The new owner is planning to convert the property into residential<\/a> use.<\/p>\n

The new space will be designed by Eppstein Uhen Architects <\/strong>to meet the tenant\u2019s needs. The Marcus Corp. currently employs 3,400 associates in the state of Wisconsin and more than 7,800 nationally.<\/p>\n

Built in 1987, the Associated Bank River Center rises 28 stories and spans 373,700 square feet, with 19,423-square-foot floorplates. Associated Bank acquired the high-rise in 2016 for $60.5 million, according to CommercialEdge data. Other tenants at the property include the Republican National Committee and Chicago Title, along with various financial and law firms.<\/p>\n

Considerable rent growth in Midwestern markets<\/h2>\n

Located at 111 E. Kilbourn Ave., the property is within downtown Milwaukee, across the street from the Milwaukee City Hall. It is also adjacent to The Marcus Corp.\u2019s Saint Kate \u2013 The Arts hotel and the Marcus Performing Arts Center. The building is less than a mile from the company\u2019s previous headquarters.<\/p>\n

As of September, vacancy rates in the Midwest had been in line with the national average of 17.8 percent. Chicago’s rate stood at 17.9 percent, while Twin Cities’ vacancy clocked in at 16.9 percent, a recent CommercialEdge report<\/a> shows.<\/p>\n

Listing rates in the region are on an upward trend, with the Windy City’s average reaching $28.11 in September\u2014marking a 220-basis-point increase year-over-year. Rents within the Minneapolis\u2013St. Paul market grew by 4.2 percent over 12 months to $26.71, according to the same source.<\/p>\n","protected":false},"excerpt":{"rendered":"

The firm will expand its footprint to 52,000 square feet. <\/p>\n","protected":false},"author":3120,"featured_media":1004690161,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,13,21742,21747],"tags":[50836,32789,35498,33230],"class_list":["post-1004690160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-midwest","category-latest","category-office","tag-associated-bank","tag-cbre","tag-colliers","tag-the-marcus-corporation"],"acf":[],"yoast_head":"\nThe Marcus Corp. to Relocate Downtown Milwaukee HQ - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"The Marcus Corp. will expand and relocate its headquarters, moving to occupy 52,000 square feet at the Associated Bank River Center.\" \/>\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\/the-marcus-corp-to-relocate-downtown-milwaukee-hq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Marcus Corp. to Relocate Downtown Milwaukee HQ\" \/>\n<meta property=\"og:description\" content=\"The Marcus Corp. will expand and relocate its headquarters, moving to occupy 52,000 square feet at the Associated Bank River Center.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/the-marcus-corp-to-relocate-downtown-milwaukee-hq\/\" \/>\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=\"2023-11-15T08:42:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-15T12:22:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/111-East-Kilbourn-Ave-e1699949800165.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Radu Corfus\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-marcus-corp-to-relocate-downtown-milwaukee-hq\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/the-marcus-corp-to-relocate-downtown-milwaukee-hq\/\",\"name\":\"The Marcus Corp. to Relocate Downtown Milwaukee HQ - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-marcus-corp-to-relocate-downtown-milwaukee-hq\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-marcus-corp-to-relocate-downtown-milwaukee-hq\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/111-East-Kilbourn-Ave-e1699949800165.jpg\",\"datePublished\":\"2023-11-15T08:42:38+00:00\",\"dateModified\":\"2023-11-15T12:22:20+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2\"},\"description\":\"The Marcus Corp. will expand and relocate its headquarters, moving to occupy 52,000 square feet at the Associated Bank River Center.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-marcus-corp-to-relocate-downtown-milwaukee-hq\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/the-marcus-corp-to-relocate-downtown-milwaukee-hq\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-marcus-corp-to-relocate-downtown-milwaukee-hq\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/111-East-Kilbourn-Ave-e1699949800165.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/111-East-Kilbourn-Ave-e1699949800165.jpg\",\"width\":640,\"height\":480,\"caption\":\"Associated Bank River Center rises 28 stories in downtown Milwaukee. 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