Update (12/20/07)
According to Jim Plaisted, the Executive Director of the Shorewood Business Improvement District, A.B. Data will not be leaving Shorewood.
Steve,
We have had conversations with AB Data when the Manpower
deal was announced weeks ago. According to those conversations, they will still
use the Shorewood building and have no short or long term plans of leaving that
building.
Thanks!
Jim Plaisted, Executive Director
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The last few months have brought news of major changes in the Shorewood business district. Now it looks like another major tenant may be shuffling toward the door. According to the Small Business Times, A.B. Data is purchasing the former Manpower headquarters, and has announced plans to consolidate "most of its employees based in Fox Point and Shorewood under one roof" (see story below).
Real Estate Deals of the Week
Small Business Times, 11/14 2007
A.B. Data Ltd., a Fox Point-based direct marketing services firm, announced that it has entered into a contract with Manpower Inc. to acquire the former Manpower international headquarters campus in Glendale . A.B. Data has offices in Washington , D.C. , New York , Chicago and Tel Aviv, Israel.
"The 16-acre campus will allow A.B. Data to consolidate most of its employees based in Fox Point and Shorewood under one roof and with far greater amenities," said Charles Pruitt, co-managing director of A.B. Data. "The need for a larger facility is being driven by significant growth in our Business Critical Communications Group and our Class Action Administration Division," said Bruce Arbit, co-managing director of the firm. " Glendale is a great place to be."
"The Manpower building brings with it a historical legacy of a homegrown Milwaukee business success story," said Jerry Benjamin, co-managing director. "Great men like Elmer Winter with his Horatio Alger like story and Mitchell Fromstein, an international business legend, were there before us."
A.B. Data plans to move 250 people in its first phase to the facility around the first of the year. The transaction is scheduled to close at the end of November. The purchase price was not disclosed. Manpower moved its headquarters to downtown Milwaukee earlier this year.
For those of you who do not know where the A.B. Data building in Shorewood is, here is a map. As a side note, the AB Data building is not located in the TIF area at this time according to this map on the Village website.
