Making lives better by making buildings better.
We provide more than just commercial real estate services: we breathe new life into properties.
HEMPEL acquires, develops, and redevelops commercial real estate throughout the Midwest. Our expertise in turnaround projects adds value for tenants, neighborhoods, and cities.
What we do
Hempel is a commercial real estate firm based in the Midwest. We have experience on every level of a real estate transaction, and we specialize in new and adaptive re-use projects.
Since 2001, Hempel has acquired and developed more than $1 billion worth of office, retail, multi-family residential, hospitality, and parking.
We think full buildings are better than empty ones. Our experienced brokers know how to get the deal done.
Who we are
We are a team of innovative problem-solvers with experience on every level of commercial real estate.
Strategic partnerships are the cornerstone of Hempel’s development and investment success.
Not only is our success in acquiring and developing commercial real estate, but also as asset and property managers on all of our investments.
Trusted, innovative, effective – all foundational qualities to Hempel’s success and at the heart of every transaction.
Grand Avenue owners buying nearby properties, attracting more office tenants
The owners of the former Shops of Grand Avenue in Milwaukee are finalizing agreements to bring in more office tenants, while also acquiring more property around the former downtown Milwaukee shopping mall. The mall’s ongoing renovation into The Avenue will be complete in May, said co-owner Josh Krsnak, CEO of Hempel Cos. That includes turning the top two floors of the mall’s western arcade into offices, and creating a food court in its ground floor.
The Avenue taking form, see inside the ongoing construction work: Slideshow
October 9, 2019 by Sean Ryan, Milwaukee Business Journal - The transformation of the former Shops of Grand Avenue in downtown Milwaukee is becoming reality in steel and concrete as its interior begins to look like the future modern offices and food hall it will become. See the attached slideshow for a tour through the West Wisconsin Avenue mall’s former west arcade, where builders are busy at work on the $53 million redevelopment to create The Avenue.
Braun, Yelich Team Up For Investment In Major Downtown Milwaukee Development Project
August 31, 2019 by Andrew Wagner, Forbes - One of the most high-profile development projects in the city of Milwaukee has attracted two of the city's highest-profile citizens as investors. Milwaukee Brewers outfielders Ryan Braun and Christian Yelich have put their names — and their wallets — behind development of The Avenue, which will turn the former Grand Avenue Mall in Downtown Milwaukee into a multi-purpose facility including a food hall, office space and apartment units.
Milwaukee Brewers Ryan Braun and Christian Yelich are new investors in downtown’s The Avenue redevelopment
August 13, 2019 by Tom Daykin, Milwaukee Journal Sentinel - One of downtown Milwaukee's biggest redevelopment projects has landed two well-known investors: Ryan Braun and Christian Yelich. The two Milwaukee Brewer outfielders "are making significant investments" in The Avenue, the new name for the former Grand Avenue mall, it was announced Tuesday.
Brewers stars Braun, Yelich investing in Grand Avenue redevelopment
August 13, 2019 by Sean Ryan, Milwaukee Business Journal - Milwaukee Brewers stars Ryan Braun and Christian Yelich are making “significant” investments into the ongoing redevelopment of the former Shops of Grand Avenue in downtown Milwaukee.
A Grand Update on The Avenue
July 14, 2019 by Jerramy Jannene, Urban Milwaukee - Work is steadily progressing on the transformation of the former Shops of Grand Avenue mall into a mixed-use development known as The Avenue. Engineering firm GRAEF will move its headquarters and 170 jobs to a new space on the mall’s third floor.
Project would redevelop part of Apple Valley church property
July 3, 2019 by Patty Dexter, SUN Thisweek - Proposed plans to develop a piece of Hope Church’s property in Apple Valley are headed to the City Council for consideration. Hempel is seeking to subdivide a 35,910-square-foot parcel from the 7.2-acre Hope Church to construct the building.
Hempel buys former Dairy Queen headquarters for $7M
April 11, 2019 By William Morris, Finance & Commerce - If the former Dairy Queen headquarters in Edina can’t be turned into apartments, Hempel Cos. is more than happy to keep it as offices. Minneapolis-based Hempel is buying the IDQ Building at 7505 Metro Blvd. in Edina for $7...