The Marcus Corporation (NYSE: MCS) announced today that it will be relocating and expanding its corporate and divisional headquarters to the Associated Bank River Center located at 111 East Kilbourn Avenue in Milwaukee. The company will move to its new location in late spring or early summer 2024.
âFor more than 70 years, The Marcus Corporation has called downtown Milwaukee home,â said Gregory S. Marcus, chief executive officer of The Marcus Corporation. âThrough our businesses, our philanthropy, our community service, and our workplace, we remain deeply committed to contributing to the vibrancy of our hometown. We like to say we are in the âpeople getting togetherâ business. Iâm thrilled our new offices will do just that for our associates as we work to build great careers and make a difference for those we serve.â
Working with Milwaukee-based Eppstein Uhen Architects, the new 52,000 square foot office space will be built to meet the companyâs functional, design and aesthetic specifications. The Associated Bank River Center is nearby many city attractions, including being adjacent to Marcus Hotels & Resortsâ award-winning Saint Kate â The Arts Hotel. The newly renovated office tower also features a 100+ person state-of-the-art conference facility, a tech lounge, health club and a dedicated Associated Bank branch.
âAfter six years of thoughtful renovation and investment, the Associated Bank River Center today brings together leading Milwaukee arts, finance, business, cuisine and tourism communities under one roof,â said Andy Harmening, president and CEO of Associated Bank. âLike The Marcus Corporation, we have been doing business in Milwaukee for decades, and we are continuing to deepen our investment in this city more and more. With the River Center, we wanted to provide a gathering space that intersects work, play and stay for locals and visitors alike in the heart of downtown. As a result, weâre delighted to welcome The Marcus Corporation and its employees to our world-class facility.â
Approximately 200 Marcus Corporation, Marcus Hotels & Resorts, and Marcus Theatres corporate associates will be based at 111 East Kilbourn Avenue. The company employs more than 3,400 associates in Wisconsin and more than 7,800 across the country. The Milwaukee office of CBRE served as an advisor to The Marcus Corporation on its search for a new corporate headquarters, while Colliers represented Associated Bancorp. The Marcus Corporationâs corporate office relocation follows the prior ownerâs sale of the 100 East building, and the buyerâs planned conversion of the building from office to residential.
About The Marcus Corporation
Headquartered in Milwaukee, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. The Marcus Corporationâs theatre division, Marcus TheatresÂŽ, is the fourth largest theatre circuit in the U.S. and currently owns or operates 993 screens at 79 locations in 17 states under the Marcus Theatres, Movie TavernÂŽ by Marcus and BistroPlexÂŽ brands. The companyâs lodging division, MarcusÂŽ Hotels & Resorts, owns and/or manages 15 hotels, resorts and other properties in eight states. For more information, please visit the companyâs website at www.marcuscorp.com.
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