PRESS RELEASE
January 30, 2014
For Immediate Release
Contact: Tim Schram
Ehlers
800.552.1171
tschram@ehlers-inc.com

Ehlers Purchases Pewaukee, WI Office Building

 Commercial Real Estate Climate Provides Opportunity for Growth

 

BROOKFIELD, WI, January 31, 2014 - Ehlers Companies has purchased the Park Ridge Centre office building in the City of Pewaukee.  The 19,985 square foot building located at N21 W23350 Ridgeview Parkway will be home for the company's Wisconsin operations, which have occupied leased space in the Bishop's Woods office park in Brookfield for more than twenty years.  Ehlers Companies provides independent financial advisory services to over 400 hundred of local government units throughout the upper Midwest region with additional offices in Roseville, Minnesota and Lisle, Illinois.  An employee stock ownership plan (ESOP), Ehlers Companies business units include its financial advisory practice, Ehlers & Associates; investment advisory services offered through Ehlers Investment Partners; and paying agent services provided through Bond Trust Services Corporation.

 

Ehlers' purchase reflects the firm's continued growth in and commitment to the Wisconsin market.  Ehlers Senior Financial Advisor Michael Harrigan and Chairman of the firm's Board of Directors stated that since joining Ehlers in 1993, the number of employees based in the Wisconsin office has grown from five to nineteen.  Harrigan added, "Having outgrown our present leased space, the current climate of the commercial real estate market provided an opportunity to meet both our immediate and future space needs with a long-term investment in the property."

 

Todd Taves, a Senior Financial Advisor and Principal for Ehlers' Wisconsin operations expressed, "The relocation of the Wisconsin office operations from Brookfield to Pewaukee is expected to take place sometime later in 2014."  Taves also stated that he anticipates that Ehlers will initially occupy approximately half of the building, and expects to lease any remaining space to other professional services firms.

About Ehlers 

Ehlers, an independent public finance advisory firm for over 50 years, is ranked second nationally and first in Wisconsin for the number of competitive sales advised.  (Source: Bloomberg, 212-318-2000. August 27, 2013.) Our goal is to help public sector clients' achieve practical financial solutions at the lowest cost to taxpayers. Our only allegiance is to the communities to which we serve. Our success is the result of established long-term relationships, hard work, and years of experience. Ehlers works with counties, municipalities, townships, school districts, and other governmental units to build better communities through the products and services we offer: Debt Issuance Services, Economic Development and Redevelopment, Financial Planning, and Strategic Communications. Visit http://www.ehlers-inc.com/ for more information.

 

 

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Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements and are subject to significant risks and uncertainties that are difficult to predict. These forward-looking statements cover, among other things, statements made about general economic and market conditions, our current deal pipelines, market share gains and trends, the environment and prospects for capital markets transactions and institutional brokerage activity, anticipated financial results (including expectations regarding revenue and expense levels, the compensation ratio, return on shareholders' equity, and our quarterly run rate for non-compensation expenses), liquidity and capital resources, inventory positions, share repurchase plans or other similar matters. These statements involve inherent risks and uncertainties, both known and unknown, and important factors could cause actual results to differ materially from those anticipated or discussed in the forward-looking statements. Forward-looking statements speak only as of the date they are made, and readers are cautioned not to place undue reliance on them. Ehlers undertakes no obligation to update them in light of new information or future events.