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GARDNERGROUPLLCU.S.BancorpCommunityDevelopmentCorp.CitizensBankofMukwonagoMilwaukeeEconomicDevelopmentCorp.WisconsinBusinessGrowthFundInc.HunzingerConstructionCo.EngbergAndersonInc.NewMarketsTaxCreditstransaction13.3millionHalKarasChrisMehringPhilipKoutnikDeborahHallparalegalRealEstateFinanceAttractingamajortenanttothebuildinghoweverrequiredasignificantupgradetothebuildingsofficespace.ThebuildingownersprincipalMichaelGardnerenteredintodiscussionswithanationalfor-profitartschooltheArtInstituteswhichwouldleasethreeofthebuildingseightfloorsforanewArtInstituteofWisconsin.GardnerworkedwithWisconsinBusinessGrowthFundInc.WBGFtouseNewMarketsTaxCreditsNMTCfortheproject.WBGFreferredhimtoWhyteHirschboeckDudekS.C.forlegalcounselandrepresentation.TopositiontheprojecttoreceiveNMTCWHDassistedtheownerinsomesophisticatedplanningunderInternalRevenueServiceregulationswhichleftownershipofthebuildinginP.H.DyeHouseGeneralPartnership.WithWHDscounselandassistanceeachstepofthewayP.H.DyeHouseGeneralPartnershipsecured13.3millioninfinancingfortheprojectofwhich5187000wasfromfederallyallocatedNMTC.Thesetaxcreditsaspartoftheoverallfundsprovidedtotheprojectwereusedtoaccommodatethebuild-outfortheArtInstituteofWisconsinonthefirstthreefloorsandothertenantimprovementstotheentranceandtheotherofficefloors.Thebuildingnowleases35000squarefeettotheinstituteitsmostprominenttenantwhichhelditsfirstdayofclassesonOct.42010.TheinstituteoffersbachelorsdegreeprogramsinadvertisingdigitalfilmmakingvideoproductionfashionmarketinggraphicdesigninteriordesignmediaartsanimationandwebdesigninteractivemediaandanassociatesdegreeprogramingraphicdesignaperfectfitfortheThirdWardwhichisknownasMilwaukeesArtsandFashionDistrict.Certainelementsoftheworkperformedtothebuildingenhanceditscommonareasandexteriorsimprovementswhichnotonlybenefitedoccupantsbutattractednewtenantsbeyondtheinstituteprovidingarentalstreamsufficienttokeepthebuildingupandrunning.Thebuildingisnownearly90occupied.Whatsmorethefinancingwillhelptoimprovetheareasofferingswhichhasexperiencedarenaissanceasarevitalizedmixed-useneighborhood.DrawingmorebusinessestotheareawillcreatejobsandattractstudentsandresidentsinterestedintheThirdWardsamenitiesawinforeveryone.MichaelGardnerOwnerGardnerGroupLLC24dealsdoneP.H.dyeHoUSegenerALPArTnerSHIPothKPlasTpdalSizdalPicipalWHdTamMmsPacticAasIlTHeP.H.dyeHoUSeISAn8-STorygeMofAforMerIndUSTrIALbUILdIngInMILWAUKeeSHISTorICTHIrdWArd.SevenofTHebUILdIngSfLoorSWererePUrPoSedASoffICeSPACeAndTHeeIgHTHfLoorWASdedICATedASreSIdenTIALCondoSPACe.TheexperienceofHalKaraswasinvaluablewhenweranintoissuesthatneededacreativesolution.ChrisMehringsattentiontodetailduringthedealwashighlightedasweapproachedtheclosingwhichwasmoveduptwoweeksatthelastminute.Withoutbothgentlementhedealwouldhavenotgoneassmoothlyasitdid.