BMC Investments Breaks Ground on Milwaukee Place Office Building
BMC closed on financing for development of Milwaukee Place, a boutique office and retail building with ground-level retail in the heart of Cherry Creek North.
BMC Investments, a Denver-based, vertically integrated real estate investment manager, in partnership with capital partner Brue Baukol Capital Partners, broke ground on Milwaukee Place, its latest boutique office development in Cherry Creek North. The approximately 94,000-square-foot building at 242 Milwaukee St. features a mix of ground-level retail space and Class A office space in metro Denver’s strongest office market.
“We’re thrilled to break ground on Milwaukee Place, a project that exemplifies BMC Investments’ commitment to delivering high-quality, thoughtfully designed office and retail spaces in Denver’s premier submarkets,” said Matt Joblon, founding partner and CEO of BMC Investments. “With strong preleasing activity and best-in-class amenities, Milwaukee Place will set a new standard for boutique office space in Cherry Creek North."
Milwaukee Place Construction Begins
Construction is starting immediately on the seven-story building comprising roughly 84,000 sf of office space and 10,000 sf of retail space. TileBar, a leading design resource for tile and bath, will anchor the retail space.
“The early leasing momentum highlights the high demand for quality office and retail space in Cherry Creek North,” said Geoff Baukol, president and partner at Brue Baukol Capital Partners. “We’re already trading more letters of intent than space remaining, which speaks to the high demand for this building that complements the energy and vibrancy of this dynamic market.”
Milwaukee Place Boutique Office and Retail Building in Denver Project Team
Milwaukee Place is slated for completion in January 2027, when it also can welcome its first tenants should tenants utilize the services of the development’s general contractor, Haselden Construction. Designed by 4240 Architecture, the building will feature an outdoor patio seating area, a sixth-floor terrace and a high-end lobby.
Newmark’s Jamie Gard, Pete Staab and Tom Lee are handling leasing of the office space, while Sam Zaitz of JLL and Julie McBrearty of SullivanHayes are handling retail leasing.
FirstBank, led by Michael Kosakowski and Patrick Riley, provided the financing; the debt broker was Justin Nelson of Walker & Dunlop.
About BMC Investments: BMC Investments is a highly disciplined, vertically integrated real estate investment firm generating industry-leading returns through acquisition, development and management of various property types throughout the U.S. BMC focuses its investment strategy on creating long-term value in its assets and generating strong risk-adjusted returns. The company is able to outperform its peers by procuring attractive investments in its areas of focus; utilizing a measured and disciplined investment process with rigorous focus on risk management; leveraging best-in-class operating systems and processes; and attracting, retaining and developing great people. To learn more, visit www.bmcinv.com.
