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WalgreenCo.FlueggeOpticalInc.NorthCentralConstructionCoVantageCreditUnionJPMorganChaseCo.VillageofWaterfordRetaildevelopment3.5millionBradDalletLindaSklenarparalegalRealEstateFinanceBeyondtheinconvenienceoftravelingtoanothermunicipalitythesetripswerelostbusinessopportunitiesforthevillage.DeveloperWaterfordRetailLLCrecognizedthedemandforWaterfordsownWalgreensandworkedtoassembleparcelsoflandtoberedevelopedasWaterfordsfirstsuchpharmacy.WalgreensthenationslargestdrugstorechainisbuildingitsmarketsharethroughastrategyofdeliveringconveniencetocustomersineverywaypossibleconveniencethathadbeenmissinginWaterford.WaterfordRetaildeterminedthatFlueggeOpticalInc.s5-acrepropertywouldbetheideallocationfortheWalgreens.LikeWalgreensFlueggewasanamethecommunitytrustedasgenerationsofFlueggeshadservedintheopticalbusiness.ThecustomerbasealsohadgrownduetothestoresfocusonpersonalizedserviceandqualityThelabisoneofonlythreeinWisconsinthatgrindsglasslensesandFlueggesdoesnotsellframesmadeinChina.WaterfordRetailapproachedWhyteHirschboeckDudekS.C.toimplementacomplexplantodeveloptheFlueggeproperty.FirstWHDassistedWaterfordRetailinobtainingacertifiedsurveymaptosubdividetheFlueggeproperty.ThiswasrequiredsothatWaterfordRetailcouldbuildtheFlueggesanewFlueggeOpticalretailbuildingonaseparatelegalparcel.NextWHDassistedinthesuccessfulnegotiationofagroundleasewherebyWaterfordRetailhadtherightstotheremainingparceltheparcelwheretheexistingFlueggeOpticalwouldbetorndownsothenewWalgreenscouldbebuilt.AfterextensivenegotiationswiththeassistanceofWHDWalgreensenteredintoaleasewithWaterfordRetailforthelandandbuilding.TheVillageofWaterfordprovidedTIDfinancingtoassistwithenvironmentalclean-uppoorsoilconditionsandstormwatermanagement.Duetothemultiplelayersoffinancingofthetwoparcelscomplexsubordinationagreementsandrecognitionagreementswererequired.WaterfordRetailthenrazedtheoldFlueggebuildinganderectedtheWalgreensinitsplace.VillageofficialsviewtheWalgreensasthestartofmoredevelopmentforthevillage.JeffreyMetzManagerWaterfordRetailLLC36dealsdoneWATerfordreTAILLLCothKPlasTpdalSizdalPicipalWHdTamMmsPacticAasIlforyeArSWATerfordWIS.reSIdenTSTrAveLedToneArbybUrLIngTonWIS.WHenTHeySeLeCTedWALgreenSforTHeIrPHArMACeUTICALfILMdeveLoPIngLIgHTSHoPPIngAndreLATedneedS.WhyteHirschboeckDudekisatrustedmemberofmydevelopmentteam.FromtheinitialoptionagreementthroughtheextensivegroundandbuildingleasenegotiationsandpermanentfinancingtoprovidingcounselonenvironmentalissuesWHDwaswithmestepbystepduringtheprocess.TheWHDteamwasledbyBradDalletwhohasaneffectiveandpracticalgetitdonestyle.IlookforwardtoworkingwithBradandtherestoftheWHDteamonfutureprojects.