Former Brennan’s Market to become MLG Capital headquarters

By Katherine Michalets - Freeman Staff

Sept. 22, 2017

Renderings of MLG Capital’s upcoming corporate headquarters at the former Brennan’s Market on Bluemound Road.
Submitted renderings

TOWN OF BROOKFIELD — The former Brennan’s Market store on Bluemound Road will be the home of MLG Capital’s corporate headquarters.

Already operating out of Brookfield, the national real estate investment and development firm said it will move into the approximately 21,000-square-foot space by late spring or early summer of 2018.

MLG Capital, which has been in business for 30 years, currently operates out of 13400 Bishop’s Lane, Suite 270.

According to Thursday’s announcement, MLG Capital wants to transform the former Brennan’s Market into a creative office space. The former fruit, cheese and specialty food store’s greenhouse will be converted into a glass atrium with natural light that will serve as a gathering space for employees, the community and investors.

“Transforming a longtime produce market into corporate office space is a perfect reflection of the spirit and innovation that has driven MLG for the past three decades and creates a new home that really sets the tone for the future, makes the most of our fun and family- like culture, and embraces the community where we live and work,” said MLG Chairman and cofounder J. Michael Mooney in a statement.

“We looked at dozens of properties as part of the process. The moment we toured this building — and saw the atrium, high ceilings, wood beams and the potential for outdoor gathering space — we knew it was the right place to start our next chapter. It’s a wonderful opportunity to blend urban amenities like an industrial look and walkability with suburban benefits like plentiful parking and easy freeway access.”

MLG CEO and Principal Timothy J. Wallen said that approximately 50 employees will work from the new headquarters to start; however, the building is being designed with room for the company to continue growing. MLG also has 150 additional employees based in Dallas, Texas.

“This new corporate headquarters — designed with an emphasis on collaboration and forward thinking — will speak volumes about who we are as a company, employer and partner to our investors and others,” Wallen said in a statement. “MLG Capital is all about doing things its own way. We’ve developed a diversified investment model, along with an innovative sourcing strategy to identify deals in markets nationwide, that allows our investors to achieve true diversification by geography, asset type, risk and more. This approach has been very good for our company and our investors, and we’re bringing this same creative, out-of-the-box thinking to our new corporate headquarters. It will be a great place for our company to continue to grow and serve more people.”

Mooney said final Town of Brookfield approval of the project is pending. Terms of the Brennan’s property sale were not disclosed