New President Named

In a corporate restructure, Greywolf Partners, Inc., a Milwaukee-based regional full service real estate firm, has named Marilyn Herzberg as president. Herzberg operates out of the corporate offices of Greywolf in Milwaukee and will oversee all operations for the company. As part of the restructure, former president and majority owner Denise Wagner has been named Chairman of the Board. Joe Wagner, minority owner, will continue as CEO, and Mitch Ripley will continue as CFO. Also named in the restructure are Doug Geurts, Vice President - Development; and Susan Ipsarides, Vice President – Greywolf Residential. Herzberg has more than 25 years of experience in commercial and residential real estate and construction. Herzberg has managed the operations for properties owned by more than 800 investors, and participating in the sale of more than $150 million of real estate and the refinance of more than a dozen properties since the inception of Greywolf in 2010. Herzberg is an active participant in the local Building Owners and Managers Association (BOMA) and Institute of Real Estate Management (IREM) associations, as well as a member of the CCIM Institute, Commercial Association of Realtors – Wisconsin (CARW), the Minnesota Commercial Association of Realtors (MNCAR) and Wisconsin Commercial Real Estate Women (MNCREW). Marilyn holds the real estate designations of Certified Property Manager (CPM) and Certified Commercial Investment Member (CCIM).


Camanche Groundbreaking

CAMANCHE — Ground was broken Tuesday for a senior housing and assisted-living facility in Camanche. Park Vista Subdivision developers and representatives of the city of Camanche held a groundbreaking ceremony for the new 50-unit senior housing and assisted-living facility, which is anticipated to be completed and open to the community in June. The new 42,000-square-foot facility will feature 50 units of independent-living, assisted-living and memory-care units. The facility will have several common rooms, including a living room, library, salon, movie theater, various activity rooms and dining and club areas. “This is our first development in the state of Iowa,” Park Vista Senior Project Management President Julie Lonergan said. “One that I am personally so proud of because I grew up and have made my permanent home in Clinton. Camanche has pride and ownership in community and we are excited to provide the opportunity for the residents of Camanche to remain in this community where they love. As someone from this area I am also very proud as an employer to be able to promote job growth and retention by offering over 40 new jobs to this community.” Camanche Mayor Trevor Willis said the city for the past few years has worked on providing a facility for senior citizens in Camanche, stating it was a need for the city. City Administrator Andrew Kida added this is the right development for the city to invest in based on the members of the community. “I wanted to point out we’re committed to bringing development to the community,” Kida said. “Bringing smart development to the community. And based on the demographics of the community, this is smart development for the community. And I think many people agree with that. We look forward to being able to maintain the residents of Camanche for them to be able to stay in Camanche. That’s our goal.”


CREW Award-Congratulations!!

Marilyn Herzberg and Darlene Personius of Greywolf Partners were two of the recipients of the MNCREW Celebration Award for Collaborative Business at the MNCREW meeting on November 1.  The Collaborative Business Award honors MNCREW members who demonstrate an extraordinary commitment to marshal MNCREW talent, resulting in measurable business for one or more additional CREW members.  This project exemplifies the power and spirit of CREW and recognizes the collective CREW business completed.  The sale of Main Street Exchange in Waconia Minnesota involved five MNCREW/CREW members including Marilyn Herzberg, Asset Manager for Greywolf Partners who represented the ownership group in the sale of the asset; Darlene Personius, Property Manager for Greywolf Partners who managed the property and assisted with the due diligence process; Roseanne Hope, Principal at Hope Law who represented the buyer in the transaction; Kara Frank, Property Manager for Twin Realty who purchased the asset.  The sale was closed by Guaranty Title that is owned by MNCREW member Beth Sheehan.  The awards ceremony was held at The Metropolitan in Golden Valley on November 1, 2016.


Honey Creek I – Acquired

Joe Wagner and partners closed on the acquisition of a second building within the office park known as Honey Creek Corporate Center in suburban Milwaukee on September 15th.  This building was previously owned by a Tenant In Common group, of which Joe Wagner was one of the investors.  The building had been held by the group for 10 years, and had reached loan maturity.  The property is occupied by Graef-USA Inc. and Veolia Environmental Services North America among other tenants.  “This building has the best suburban office location in the market, and the timing was right for both the sellers and our investment group.” said Wagner.  Greywolf Partners has its corporate office location within Honey Creek Corporate Center.


Other Liberty Park

The Plan Commission will also review two other Liberty Park proposals Monday, with a public hearing for a 7,000-square-foot sports bar now named Lineage, and an initial review for a 10,500-square-foot retail building east of Sugar River Pizza. Lineage is the latest restaurant to expand into Verona from another city, following Sugar River Pizza at Liberty Park and coinciding with Gus’ Diner. Like Gus’ Diner’s ownership, Lineage owners Steve and Kelly Turner run a family restaurant in Sun Prairie (Willie Ty’s eatery). The plan calls for a mix of “three venues in one” – an “intimate” restaurant with seating for 138 inside, a bar on the opposite side of the building (separated from the restaurant by the kitchen and offices), and a patio outside the bar with room for 95. It bills itself as “an affordable eating experience with a casual dining feel with an evening supper club experience and a local gathering place for friendly service and fresh food at an affordable price.” The submission states it will serve “specialty burgers, sandwiches, soups and specialty comfort food selections.”


Miller Park Way building sold for retail redevelopment

A local real estate investor who is renovating a building on Miller Park Way into a Dental Associates clinic has purchased the neighboring property for a retail redevelopment. Construction will soon be complete to convert the former OfficeMax store at 2080 S. Miller Park Way in West Milwaukee into space for Dental Associates, said Joe Wagner, CEO of Milwaukee-based real estate firm Greywolf Partners Inc. Wagner and two other investors bought that shopping center last November for the redevelopment. The neighboring property to the south at 2172 Miller Park Way sold Wednesday to a separate group Wagner formed with Dave Merrick, a partner at Greywolf. That property has a vacant industrial building formerly occupied by Deutsch & Sons. “We just had this opportunity to buy this parcel and hopefully continue with retail development,” Wagner said. The existing building will be cleared to make room for a retail development, Wagner said. Discussions are underway with potential companies to move onto the property, he said. The property at 2172 Miller Park Way sold for $1.05 million, according to state records.


Derek Yentz Joins Greywolf Brokerage

MILWAUKEE, Wis. (November 10, 2015) – Greywolf Partners, Inc., a Wisconsin-based regional real estate firm, has hired Derek Yentz as a broker associate in the commercial brokerage division. Yentz will be working out of the Milwaukee office representing the real estate needs of tenants, investors and developers. 

Prior to joining Greywolf, Yentz worked at Associated Financial Group, the commercial insurance division of Associated Bank. While at Associated Financial Group, he advised business owners, property managers, developers and investors on their insurance programs.

Yentz sits on the board of directors for RedLine Milwaukee, Inc., a local non-profit art education and residency program. In addition, he also volunteers for a number of other non-profit organizations, including The Cystic Fibrosis Foundation.


About Greywolf Partners, Inc.

Formed in 2009, Greywolf Partners, Inc. is a regional real estate firm specializing in asset management, property management, facility management and brokerage services. With offices in Milwaukee, Madison and Minneapolis, Greywolf Partners oversees 3.0 million square feet of office, industrial, and retail space, as well as 1,300 residential and senior housing units. Greywolf Partners serves a variety of ownership groups, including small entrepreneurial owners, large institutional investors and Tenant in Common (TIC) ownership structures. For more information, visit www.greywp.com or call 1-877-543-4739.



Michelle Georgeson                                                      

 p: 877.543.4739 x9803

e: michelle.georgeson@greywp.com




New retailer to move into recently sold former OfficeMax on Miller Park Way

Three local investors paid $6.5 million for a shopping center on Miller Park Way with a vacant OfficeMax, and have locked in a new tenant to refill its empty spaces.

Joe Wagner>, CEO of Milwaukee-based real estate firm Greywolf Partners Inc., said he is part of the buyer group, along with local businessman Brad Paradeis and Kristian Sydow, an associate director with Milwaukee brokerage Cushman & Wakefield/The Boerke Co.

Wagner said the group has signed a new service retail company to refill the entire OfficeMax space under a 15-year lease. He declined to name the tenant.

Click link for full article: http://www.bizjournals.com/milwaukee/blog/real_estate/2015/11/new-retailer-to-move-into-recently-sold-former.html?ana=e_mil_real&s=newsletter&ed=2015-11-09&u=I%2FszVYri6gphmRtAv1YQkw040869c9&t=1447172829


Steve Pape, Greywolf Partners Brokerage, Interviewed on Live @ Noon TMJ4. Briggs & Al's Run & Walk returns Saturday September 19

Steve Pape, Greywolf Partners Brokerage,  Interviewed on Live @ Noon! Pape's sister spent a significant amount of time at Children's Hospital and lost her battle to a serious medical condition for which she had much of her life, and Doctor Marc Gorelick, the president of Children's Hospital joined Live at Noon to talk about the event. Click on the link below to watch the live interview!



Global Water Center and Columbia St. Mary's BOMA TOBY Winners!

MILWAUKEE, WI – The Building Owners and Managers Association-Wisconsin and the Apartment Owners & Managers Association (BOMA-AOMA) announced The Office Building of the Year (TOBY) & Apartment Awards and installed the Officers and Directors for 2014-2015 at a banquet on Tuesday, September 16th at the Blue Mound Country Club.