Land­mark con­sid­er­ing Brook­field for new HQ

19.5-acre site eyed for 150,000-square-foot of­fice

Milwaukee Journal Sentinel - - Business - Paul Gores Mil­wau­kee Jour­nal Sen­tinel USA TO­DAY NET­WORK - WIS­CON­SIN

Land­mark Credit Union, the largest credit union based in Wis­con­sin, wants to build a new head­quar­ters in the city of Brook­field.

Land­mark said Fri­day it is “ex­plor­ing the pur­chase” of a 19.5-acre site along South Ex­ec­u­tive Drive, where it would con­struct a 150,000- to 160,000square-foot home of­fice.

An of­fice build­ing on the site, which has been used by Herz­ing Univer­sity, would be razed to make way for the Land­mark fa­cil­ity. The new head­quar­ters would be vis­i­ble from I-94.

The credit union has out­grown its head­quar­ters space in the Westridge Of­fice Park in New Berlin.

“This new head­quar­ters is a di­rect re­flec­tion of our great Land­mark Credit Union team and our won­der­ful grow­ing mem­ber­ship base,” Jay Mag­ul­ski, pres­i­dent and chief ex­ec­u­tive of­fi­cer of Land­mark, said in a state­ment. “For 85 years we have con­sis­tently helped our

mem­bers meet their ev­ery­day fi­nan­cial needs and achieve their long-term fi­nan­cial goals. As we look to the fu­ture, we know we need a home for our ded­i­cated as­so­ciates that can grow with us.”

Land­mark said it is in the pre­lim­i­nary stages of plan­ning for the site and is work­ing with Epp­stein Uhen Ar­chi­tects on de­signs for the fa­cil­ity.

The fo­cus is on de­vel­op­ing a mod­ern workspace that pro­motes col­lab­o­ra­tion and is ex­pand­able to meet fu­ture needs, the credit union said.

“From pro­vid­ing in­no­va­tive train­ing fa­cil­i­ties for on­go­ing pro­fes­sional devel­op­ment, to in­cor­po­rat­ing mod­ern tech­nol­ogy that cre­ates ef­fi­cien­cies, to pro­vid­ing ameni­ties that en­hance our as­so­ciates’ en­gage­ment while at work, to cre­at­ing flex­i­ble spa­ces that en­cour­age as­so­ciate in­ter­ac­tion and al­low for fu­ture devel­op­ment, we are com­mit­ted to cre­at­ing a head­quar­ters that en­ables our as­so­ciates to fo­cus their tal­ents on serv­ing our mem­bers and each other,” Mag­ul­ski said.

About 300 em­ploy­ees would re­lo­cate from the New Berlin head­quar­ters and other lo­ca­tions when the build­ing opens. No pro­posed open­ing date is set, but Land­mark hopes to close on the prop­erty in spring or sum­mer.

When the new fa­cil­i­ties are com­pleted, Land­mark’s cur­rent head­quar­ters build­ing would be sold.

Land­mark has been there since 2009, when it pur­chased the build­ing at 5445 S. Westridge Drive from Har­ris Bank, which is now BMO Har­ris Bank.

The build­ing had been the head­quar­ters of Mer­chants and Man­u­fac­tur­ers Ban­cor­po­ra­tion, which was ac­quired by Har­ris Bank.

Mag­ul­ski said Land­mark will con­tinue to have a strong pres­ence in New Berlin with its three-story, 35,000square-foot of­fice build­ing and fullser­vice branch near South Moor­land Road and West Cleve­land Av­enue.

“New Berlin has been, and re­mains, a ter­rific part­ner,” Mag­ul­ski said. “We look for­ward to con­tin­u­ing to serve our mem­bers from this im­por­tant lo­ca­tion.”

With as­sets of $3.9 bil­lion, Land­mark is the big­gest credit union in the state and the third-largest fi­nan­cial in­sti­tu­tion in Wis­con­sin, trail­ing only Green Bay’s As­so­ci­ated Bank and Racine’s John­son Bank.

Credit unions are like banks in many ways, but they are fi­nan­cial co­op­er­a­tives owned by their mem­bers in­stead of share­hold­ers.

Over­all, Land­mark has more than 650 em­ploy­ees. It has about 330,000 mem­bers and 31 branches in south­ern Wis­con­sin.

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