Milwaukee-based Irgens Partners LLC is laying plans for additional development at an office building site that it recently acquired in the Milwaukee County Research Park. In August, Irgens bought the former UnitedHealthcare office building at 10701 Research Drive, Wauwatosa. At the time, the developer said it would make substantial improvements to the building. Recent filings
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Proposed re-division of the property at 10701 Research Drive, Wauwatosa. Credit: The Sigma Group[/caption]
The building at 10701 Research Drive was the inaugural development of Milwaukee County Research Park.
PrimeCare Health Plan Inc., which later became United Healthcare, acquired the property in 1994 and developed a regional headquarters building. The site was originally designed to accommodate another 130,000-square-foot building with a parking structure.
"As the contemplated expansion plans did not materialize, the site is underutilized, creating excess land for future development," the Irgens letter states.
United Healthcare vacated the building in June, and a few months later an Irgens affiliate bought the property for $9.5 million.
“The acquisition of this premier property is indicative of our continued belief in the strength of the Research Park and immediate area,” Tom Irgens, executive vice president of Irgens Partners, said in a statement back in August.
This isn't the only office project Irgens Partners is working on in Wauwatosa. It also plans to build