HSA Commercial and Innovative Capital Advisors Equity Fund Plans Adaptive Reuse of Schwaab Stamp Factory Building in Wauwatosa, WI

          

Timothy C. Blum

CHICAGO, IL and MILWAUKEE, WI  — A joint real estate fund formed by commercial mortgage lending specialists, Innovative Capital Advisors (ICA), and Chicago-based HSA Commercial Real Estate, a full-service real estate firm, recently purchased the Schwaab Stamp Factory building located at the southwest corner of Burleigh Street and 114th Street across from The Mayfair Collection in Wauwatosa, Wis.

HSA Commercial plans to adaptively repurpose and expand the current light industrial building into a 32,000-square-foot multi-tenant retail shopping center that will complement the firm’s mixed-use development taking place across the street.

The Schwaab building, located at 11415 West Burleigh Street, is immediately south of The Mayfair Collection, a 270,000-square-foot retail shopping center anchored by Nordstrom Rack and Saks Fifth Avenue OFF 5TH.

“In a lot of ways, we see the Schwaab property as being a gateway to The District given its prominent visibility to travelers on Highway 45 and visitors of The Mayfair Collection,” said Tim Blum, executive vice president of Retail Development with HSA Commercial.

Rendering of The Mayfair Collection Development
Wauwatosa, WI

 “In order to achieve the City’s vision for a vibrant, mixed-use corridor, we necessarily have to redevelop this building into a retail flagship that will signify the transformation of this historically industrial area.”

HSA Commercial plans to break ground on the redevelopment in fall 2015 with delivery scheduled for retail tenants in summer 2016.

For a complete copy of the company’s news release, please contact:

Mark Thomton, mthomton@taylorjohnson.com, 312-267-4523