WELS to move to Bielinski building
Wisconsin Evangelical Lutheran Synod (WELS) plans to move its offices to the 32,000-square-foot Bielinski Homes headquarters building at N16 W23377 Stone Ridge Dr., Pewaukee, which it recently purchased from Bielinski for $2.85 million.
WELS currently has its offices in a 70,000-square-foot two-building complex that it owns at 2929 N. Mayfair Road, Wauwatosa. Some of the space in the building is leased to WELS affiliates and subsidiaries, and not all of them will be moving to the Bielinski building.
Bielinski moves to an area of 6500 square feet it will lease in Grandview Plaza 1830 Meadow Lane in Waukesha, said chief operating officer Paul Bielinski.
"(The new location) will give us a better presence in the street," said Bielinski.
The new location is only about one fifth the size of Bielinski Homes' existing building. The company, one of the largest manufacturers house in the Milwaukee area, has reduced since the collapse of the housing market in 2007, Belinsky recognized, but declined to provide details. Last year, housing starts in the Milwaukee metropolitan area fell by 71.3 percent from the peak of the market in 2004.
WELS plans to sell its buildings Wauwatosa at about the same price of $ 2.85 million it paid for the building Bielinski said Joel Hochmuth, spokesman for Wels. This agreement should be finalized in January. WELS plans to move in December.
WELS has determined that it would make about $ 2 million in repairs to the existing complex, and decided that the purchase and relocation of the building makes more sense Bielinski, Hochmuth said.
"The building meets our needs perfectly," he said.
WELS has approximately 100 employees it will move to Pewaukee.
Central Office Systems, a Waukesha-based provider of office equipment sales and service, recently purchased a 12,583-square-foot building at W223 N777 Saratoga Road in Pewaukee from Saratoga Partnership for $700,000, or about $55 per square foot.
Jeff Hoffman of Judson & Associates represented Central Office Systems and Mike Judson of Judson & Associates represented Saratoga Partnership in brokering the sale.
Central Office Systems plans to move to the building, which is located about one mile northwest from its existing location in an 7,000-square-foot space that it leases at 2238 W. Bluemound Road in Waukesha.
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Wisconsin Evangelical Lutheran Synod (WELS) plans to move its offices to the 32000-square-foot Bielinski Homes headquarters building at N16 W23377 Stone Ridge Dr., Pewaukee, which it recently purchased from Bielinski for $2.85 million.
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