Commercial real estate firm
NAI Pfefferle, which has offices in Appleton, Green Bay, Sheboygan and Wausau, has added a Milwaukee-area office at 1233 N. Mayfair Road in Wauwatosa.
The firm is affiliated with New York-based commercial real estate brokerage firm
NAI Global.
NAI previously had an affiliation with
Greywolf Partners in Milwaukee.
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Walter Sauthoff[/caption]
NAI Pfefferle signed a new membership agreement with NAI Global for the six-county Milwaukee area (including Milwaukee, Ozaukee, Washington, Jefferson, Dodge and Waukesha counties), which went into effect on Jan. 1.
The Milwaukee office for NAI Pfefferle is led by managing partner
Walter Sauthoff, the former managing director of NAI Greywolf. Sauthoff, who has more than 30 years of real estate experience in southeastern Wisconsin, declined to comment on his former employer.
โNAI Pfefferle wants to expand in the Milwaukee market and they asked me to join them to do that,โ he said. โI left (Greywolf) and I joined Pfefferle.โ
A representative for Greywolf Partners could not be reached for comment.
NAI Pfefferleโs Milwaukee office currently has six employees, all of whom are licensed commercial real estate brokers. โWeโve got commitments from a few others. Our intent would be to grow that over the next three to five years,โ Sauthoff said.
NAI Pfefferle now has 26 licensed commercial real estate brokers in the state.
โWe believe that thereโs a good market (in southeastern Wisconsin and the Milwaukee area) for a company like Pfefferle,โ Sauthoff said. โWeโre not an independent like some of the smaller independent boutique shops are, but weโre also locally owned and operated so weโre not a corporate entity like some of the larger firms. Weโre locally owned and operated but weโre affiliated with a much larger affiliation with NAI Global. We think thereโs a spot here for us to work in really nicely. We think thereโs a really good opportunity to expand our practice in the Milwaukee market and to provide good service to clients that are looking for something different.โ
The NAI Global real estate network has more than 325 local offices and 5,800 professionals around the world.
NAI Pfefferle and Pfefferle Companies employs more than 140 people across the state of Wisconsin.
โWeโre very excited to expand into such a thriving market,โ said
Amy Pfefferle Oelhafen, president of NAI Pfefferle and Pfefferle Companies โWe look forward to bringing our companyโs 50-plus years of experience, services and resources to southeast Wisconsin to make a positive impact in Milwaukee's commercial real estate market.โ
โWeโve been impressed with NAI Pfefferleโs continued growth, not only in their existing markets but across the state of Wisconsin,โ said
Cliff Moskowitz, executive vice president-North America at NAI Global. โTheir expertise and leadership are evident in the markets they serve. Iโm excited to see their impact in the Milwaukee region as they become one of the largest commercial real estate firms in Wisconsin, as well as our entire network.โ