Stewart-Peterson eyes sale of building
Business owner would like to stay as tenant
By Dave Rank - Daily News
July 18, 2014
WEST BEND -
Scott Stewart wants to
sell his downtown office building and stay put.
“That’s actually our number one option right now,” the president
and chief executive officer for Stewart-Peterson Group Inc.,
Stewart-Peterson provides commodity price management advice and
services to its client companies.
Stewart-Peterson has offered its two-story headquarters,
137 S. Main St., since 2011. It has 9,000 square feet of
In 2011, Stewart said his growing company needed more space.
Since then, company officials decided they would be content
staying put for another few years, if someone wanted to buy the
building and lease it back to them, Stewart said.
“It would give us a little more flexibility. I don’t want to be
a landlord anymore,” he said.
Within the next five years, Stewart said he plans to move to a
larger building, most likely in West Bend. “It depends on how
fast we grow,” he said.
Stewart-Peterson employs 48 people, Stewart said, with 35
working out of the West Bend office.
“We’re pretty likely to stay in the city,” he said. With
employees commuting from Fond du Lac, Germantown, Whitefish Bay
and up to an hour away, Stewart, a Grafton resident, said, “If I
move the business, that move more than likely will stay between
Barton and Paradise Drive.”
The lack of parking for his staff is the primary reason Stewart
feels his company likely will not stay downtown. “There’s no
parking,” he said. “It’s really not available.”
Stewart-Peterson moved to 137 S. Main St. in 1995 when it
remodeled a former furniture store into an office building.
Stewart, with a partner, founded Stewart-Peterson in 1985. Its
first offices were in the Centrum Building downtown. The firm
then moved to the Frisby House on South Main Street, now home to
the West Bend Area Chamber of Commerce.
In recent years Stewart-Peterson has grown 15 percent to 30
percent, according to the company.
“We anticipate growth in the company,” Director of Support
Services Carla Peterson said. “We’re always looking for an
“Our biggest goal is to keep growing the business and add
employees,” Stewart said. “Business is good. The building is
secondary to that.”
Since 1985 West Bend-based Stewart-Peterson Group Inc. has
offered commodity price management services for clients whose
profit margins are affected by volatile market price
It works with businesses in production agriculture, the food
industry and other commercial fields.
In addition to helping businesses vulnerable to agricultural
commodity price swings, Stewart-Peterson also offers greater
control over changes in areas such as interest rates,
currencies, metals, fuel and energy costs.
Headquartered at 137 S. Main St., Stewart-Peterson has 48
employees, including in two satellite offices in Illinois.
The company is considered a national leader in agricultural
Founder, President and CEO Scott Stewart is a past president of
the National Introducing Brokers Association, a member of the
National Futures Association (NFA), chairman of the NFA
Introducing Broker Advisory Committee, a member of the NFA
Hearing Committee, and has been a member of both the Chicago
Mercantile Exchange and the Chicago Board of Trade Agriculture
He has testified on agricultural and futures issues before the
Senate Agriculture Committee and the Commodity Futures Trading
— Source: Stewart-Peterson Group Inc.