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PRESS RELEASE: Park Place Holdings Expands WI Portfolio with Acquisition of Premier Class-A Office Property in Ashwaubenon

ASSET CLASS

Office

HIGHLIGHTS

  • – Two story, 145,033 SF Class A office acquired
  • – Park Place Holdings plans to reposition the asset as a multi-tenant property with new tenant amenities including cafe and fitness center
  • – Early interest in property with more than 65,000 SF of space already committed

Park Place Holdings Expands Wisconsin Portfolio with Acquisition of Premier Class-A Office Property in Ashwaubenon

ASHWAUBENON, Wis. (January 21, 2025)Park Place Holdings, a De Pere-based commercial real estate investment firm, proudly announces the acquisition of 3500 Packerland Drive, a distinguished Class-A office property located in the heart of Ashwaubenon. This acquisition underscores the company’s commitment to investing in high-quality commercial properties in thriving Wisconsin communities.

 

Strategically positioned near the I-41/I-43 junction, the 145,033-square-foot, two-story building boasts exceptional accessibility, just minutes from Austin Straubel International Airport and a short drive to Green Bay and Appleton. Its corner lot location on more than 25 acres, features two access points and drive-thru capabilities, ensuring optimal convenience for tenants and visitors alike.

 

The property, constructed in 2000, exemplifies modern design with its atrium-style architecture, abundant natural light, and high ceilings. Key amenities include:

– Beautiful, Class A aesthetics and design

– Two-story building with elevator access

– Ample parking

– State of the art amenities including a fitness center and cafe

– Outdoor patio and walking trails

– Highly visible monument signage options

– Advanced fire safety systems, including sprinklers and alarms

– Loading dock

 

The property is already attracting substantial interest, with commitments for over 65,000 square feet of space. Plans include a coffeehouse and café, along with a fitness center featuring a sauna and pickleball courts, all available for tenant use. Flexible leasing options are available, ranging from 1,500 square feet to 100,000 square feet, making it an ideal solution for businesses of all sizes.

 

“The acquisition of 3500 Packerland Drive is an exciting milestone for Park Place Holdings,” said Caleb Hayes, CEO and Founder of Park Place Holdings. “This property reflects our vision of acquiring exceptional commercial buildings, transforming underutilized spaces, and driving economic growth in the community. With its strategic location near the growing market of De Pere, robust amenities, and flexible leasing options, this property is uniquely positioned to attract businesses seeking customizable office solutions.”

The property’s surrounding area is thriving with numerous entertainment, retail and lodging amenities just minutes away, including Lambeau Field, home of the Green Bay Packers. Its proximity to major thoroughfares provides easy access, while the surrounding community boasts strong demographics, including a population of 86,056 within a five-mile radius.

 

For leasing or other inquiries, please contact Beth Phillips at 312.720.4077 or beth@parkplace-holdings.com.

About Park Place Holdings

Park Place Holdings’ investment strategy focuses on middle-market commercial properties with asset values from $5 million to $25 million. We are opportunistic investors acquiring commercial properties where our team can drive significant new value and create superior returns on investments through five steps or less. With over 730,000 square feet under ownership, housing more than 170 tenants in the state of Wisconsin, Park Place Holdings is truly local and truly expert.

 

For more information about Park Place Holdings and our properties, please visit parkplace-holdings.com.

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3500 Packerland Drive Photos
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