{"id":1004704854,"date":"2024-03-05T04:31:40","date_gmt":"2024-03-05T12:31:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004704854"},"modified":"2024-03-05T07:28:56","modified_gmt":"2024-03-05T15:28:56","slug":"fintech-firm-opens-downtown-milwaukee-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fintech-firm-opens-downtown-milwaukee-hq\/","title":{"rendered":"Fintech Firm Opens Downtown Milwaukee HQ"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2d557bd1328&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"2370\" height=\"1778\" data-attachment-id=\"1004704861\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/fintech-firm-opens-downtown-milwaukee-hq\/fiserv-hub-640-building-milwaukee\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Fiserv_Headquarters_Exterior_For_News_Release.jpg\" data-orig-size=\"2370,1778\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;3.5&quot;,&quot;credit&quot;:&quot;Raftermen&quot;,&quot;camera&quot;:&quot;Canon EOS R5&quot;,&quot;caption&quot;:&quot;Fiserv, Hub 640 building, Milwaukee.&quot;,&quot;created_timestamp&quot;:&quot;1709485355&quot;,&quot;copyright&quot;:&quot;\\u00a9 Raftermen 2024&quot;,&quot;focal_length&quot;:&quot;16&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.00025&quot;,&quot;title&quot;:&quot;Fiserv, Hub 640 building, Milwaukee.&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Fiserv, Hub 640 building, Milwaukee.\" data-image-description=\"&lt;p&gt;The building at 640 Vel R. Phillips Ave. in Milwaukee.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;HUB640 also features some 66,000 square feet of retail space. Image courtesy of Fiserv&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Fiserv_Headquarters_Exterior_For_News_Release.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Fiserv_Headquarters_Exterior_For_News_Release.jpg\" alt=\"The building at 640 Vel R. Phillips Ave. in Milwaukee.\" class=\"wp-image-1004704861\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Fiserv_Headquarters_Exterior_For_News_Release.jpg 2370w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Fiserv_Headquarters_Exterior_For_News_Release.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Fiserv_Headquarters_Exterior_For_News_Release.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Fiserv_Headquarters_Exterior_For_News_Release.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Fiserv_Headquarters_Exterior_For_News_Release.jpg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Fiserv_Headquarters_Exterior_For_News_Release.jpg?resize=2048,1536 2048w\" sizes=\"auto, (max-width: 2370px) 100vw, 2370px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">HUB640 also features some 66,000 square feet of retail space.<em> Image courtesy of Fiserv<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Fintech company <strong>Fiserv<\/strong> has opened its global headquarters at HUB640, a 298,000-square-foot mixed-use building in downtown Milwaukee. <strong>Urban Innovations<\/strong> acquired the asset in 2017 for $25 million from WEC Energy Group, according to CommercialEdge information. <\/p>\n\n\n\n<p>Fiserv will occupy nearly 170,000 square feet at HUB640 for at least 16 years\u2014extendable to 20 years\u2014public records show. The firm relocated from 255 Fiserv Drive in Brookfield, Wis., its home since 1992.<\/p>\n\n\n\n<p>The company invested $37 million in the Milwaukee building to better accommodate its headquarters. In addition, the Common Council and Mayor Cavalier Johnson committed to granting Fiserv $7 million through annual payments for up to 20 years if the firm will base at least 780 employees at the new headquarters and respect the lease term, the <em>Milwaukee Journal Sentinel <\/em>reported.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-hub640-from-retail-to-office-space\">HUB640, from retail to office space<\/h2>\n\n\n\n<p>The 1895-completed HUB640 went through multiple conversions, from storage and shipping hub to  retail center and then to mixed use in 2002. The six-story building features floorplates averaging 57,976 square feet, four passenger elevators and around 670 car parking spaces, along with some 66,000 square feet of retail space. The property also includes 74 residential units.<\/p>\n\n\n\n<p>Fiserv\u2019s new space comprises a client experience center, a high-tech conference room, a caf\u00e9 and a dining area dubbed The Point Downtown, as well as collaborative workspaces and custom artwork. The firm intends to pursue LEED certification for the building.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/leed-certification-stats-for-the-office-sector-in-2023\/\">LEED Certification Stats for the Office Sector in 2023<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>The property&#8217;s amenities also include a rooftop patio, clubroom, fitness center, kitchenette and tenant lounge. The tenant roster comprises North Shore Healthcare, Abacus Architects and Calculated Hire, according to CommercialEdge.<\/p>\n\n\n\n<p>HUB640 is at 640 Vel R. Phillips Ave., close to a host of dining and retail options and less than 8 miles from Milwaukee Mitchell International Airport. The building is also 1 mile from North Office Building, a <a href=\"https:\/\/www.commercialsearch.com\/news\/northwestern-mutual-kicks-off-500m-milwaukee-overhaul\/\">540,000-square-foot office property<\/a> that is currently being redeveloped.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Milwaukee\u2019s office sector shows signs of improvement<\/h2>\n\n\n\n<p>The Milwaukee metro\u2019s vacancy rate clocked in at 22.9 percent in the third quarter of last year, a Cushman &amp; Wakefield office report shows, registering a 60-basis-point decrease over the quarter. The overall average asking rate was $20.1 during the same period.<\/p>\n\n\n\n<p>In November, The Marcus Corp. has signed a 52,000-square-foot agreement to <a href=\"https:\/\/www.commercialsearch.com\/news\/the-marcus-corp-to-relocate-downtown-milwaukee-hq\/\">expand and relocate its Milwaukee headquarters<\/a>. The company will occupy the space at the Associated Bank River Center later this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This company committed to nearly 170,000 square feet for at least 16 years.<\/p>\n","protected":false},"author":3355,"featured_media":1004704861,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21782,13,21742,21747],"tags":[32779],"class_list":["post-1004704854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-development","category-midwest","category-latest","category-office","tag-leed"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fintech Firm Opens Downtown Milwaukee HQ - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Fintech company Fiserv has opened its global headquarters at HUB640, a 298,000-square-foot mixed-use building in downtown Milwaukee.\" \/>\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\/fintech-firm-opens-downtown-milwaukee-hq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fintech Firm Opens Downtown Milwaukee HQ\" \/>\n<meta property=\"og:description\" content=\"Fintech company Fiserv has opened its global headquarters at HUB640, a 298,000-square-foot mixed-use building in downtown Milwaukee.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fintech-firm-opens-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=\"2024-03-05T12:31:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-05T15:28:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Fiserv_Headquarters_Exterior_For_News_Release.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2370\" \/>\n\t<meta property=\"og:image:height\" content=\"1778\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\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\/fintech-firm-opens-downtown-milwaukee-hq\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/fintech-firm-opens-downtown-milwaukee-hq\/\",\"name\":\"Fintech Firm Opens Downtown Milwaukee HQ - 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