Johnson Insurance Services LLC will be an anchor tenant in a commercial venture being built by Pale Properties LLC, which plans to build a 14,000 square-foot office building at 5930 Washington Avenue.
Owned by the Johnson Financial Group, the Johnson Insurance location will replace their current location at 13303 Washington Avenue. Pale Properties is owned by the Olesen family, who owns O&H Danish Bakery. Johnson Insurance plans to lease 10,500 of the 14,000 square-foot office building in that space.
“We are pleased to continue growing our business alongside our partners at O&H and our friends in the Village of Mount Pleasant,” said Karla Krehbiel, regional president of Johnson Financial Group. “The partnership with Pale Properties allows us to provide a more modern and accessible office space for our associates and clients.”
The Olesen family announced plans to build a 4,900 square-foot office building in the fall, but said they had a 1-acre parcel still available for future development.
“Our family is excited to partner with the Village of Mount Pleasant and Johnson Insurance to add employment to the core of Mount Pleasant by providing a new, modern workplace for 50 Johnson Insurance associates as well as additional space (yet to be leased),” said Peter Olesen.
The site had been the location of Golden Key Restaurant, which had been vacant. Olsen said they purchased the property to offer additional opportunities for the community to visit and shop.
“The addition of the office building is in line with our vision for the site and will be a great complement to the retail building,” Olesen said.
Pale Properties asked Mount Pleasant for $87,500 in financial help to reduce the occupancy cost of the site.
“Mount Pleasant is pleased to secure continued investment by both Pale Properties and Johnson Insurance in the Village of Mount Pleasant. This project brings additional quality development to the commercial core of the Village, retaining existing jobs and adding to our community’s tax base,” said Village Board President Jerry Garski.
Pale Properties expects project construction to begin in Summer 2017 with completion by Spring 2018.