MLG CAPITAL TO TRANSFORM BROOKFIELD BRENNAN’S MARKET SITE INTO NEW CORPORATE HEADQUARTERS
repurpose market property into open, modern offices with distinctive glass gathering space
BROOKFIELD, Wis. – MLG Capital, a Brookfield-based, national real estate investment and development firm celebrating its 30th anniversary this year, today announced it will establish a new corporate headquarters in the building that formerly housed Brennan’s Market in the Town of Brookfield. MLG Capital plans to transform the location into a creative office space that is suited to the company’s strong future and mirrors MLG’s founding principle of being an innovative leader in the real estate market.
MLG Chairman and co-founder J. Michael Mooney said that plans for the approximately 21,000-square-foot space include conversion of the store’s greenhouse into a striking glass atrium filled with natural light that will serve as a gathering space for employees, the community and investors.
“Transforming a longtime produce market into corporate office space is a perfect reflection of the spirit and innovation that has driven MLG for the past three decades and creates a new home that really sets the tone for the future, makes the most of our fun and family-like culture, and embraces the community where we live and work,” Mooney said. “We looked at dozens of properties as part of the process. The moment we toured this building – and saw the atrium, high ceilings, wood beams and the potential for outdoor gathering space – we knew it was the right place to start our next chapter. It’s a wonderful opportunity to blend urban amenities like an industrial look and walkability with suburban benefits like plentiful parking and easy freeway access.”
MLG CEO and Principal Timothy J. Wallen said that approximately 50 employees will work out of the new headquarters to start; however, the building is being designed with room for the company to continue to grow. MLG also has 150 additional employees based in Dallas, Texas.
“This new corporate headquarters – designed with an emphasis on collaboration and forward thinking – will speak volumes about who we are as a company, employer and partner to our investors and others,” Wallen said. “MLG Capital is all about doing things its own way. We’ve developed a diversified investment model, along with an innovative sourcing strategy to identify deals in markets nationwide, that allows our investors to achieve true diversification by geography, asset type, risk and more. This approach has been very good for our company and our investors, and we’re bringing this same creative, out-of-the-box thinking to our new corporate headquarters. It will be a great place for our company to continue to grow and serve more people.”
MLG Capital was founded in 1987 in Brookfield and has been in its current headquarters, in the Bishop’s Woods office park about three miles east of the new location, since 1996. Mooney said final Town of Brookfield approval of the project is pending, with the office expected to open in late spring or early summer of 2018. Terms of the Brennan’s property sale were not disclosed.
“While our business operates in cities around the country, Brookfield has been our corporate headquarters for many years,” Wallen said. “We’re delighted to be marking our 30th anniversary by continuing our company history here. We also look forward to many more years of success thanks to our unique and diversified investment strategies.”
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About MLG Capital
MLG Capital is a privately held real estate investment firm offering real estate investment services to accredited investors. Founded on the principle of maximizing client and partner wealth, MLG Capital looks to generate superior investor returns through the meticulous execution of real estate investment strategies. Including two upcoming closings, MLG Capital has built a portfolio of over 10,600 multifamily apartment units and over 12.9 million square feet of total commercial space, with an approximate market value of over $1.1 billion as of June 30, 2017.
MLG Capital’s series of Private Funds were formed to acquire, directly or indirectly, a geographically diverse portfolio of commercial real estate. The Funds target properties in several key identified markets across the United States and will focus primarily on multi-family, industrial, office, retail and other opportunistic acquisitions. MLG Capital recently opened its third fund, MLG Private Fund III, with the ability to achieve $150 million of equity. The fund is currently accepting new investors. Learn more about our latest fund by clicking here.