The Marcus Corporation Announces New Corporate Headquarters in Milwaukee

Rhea-AI Summary

The Marcus Corporation (MCS) is relocating and expanding its corporate and divisional headquarters to the Associated Bank River Center in Milwaukee, with a move planned for late spring or early summer 2024. The 52,000 square foot office space will be built to meet the company’s functional, design, and aesthetic specifications. The move follows the prior owner’s sale of the 100 East building, and the buyer’s planned conversion of the building from office to residential. The new location is near city attractions, including Marcus Hotels & Resorts’ Saint Kate – The Arts Hotel.

Long-standing member of downtown community to move to Associated Bank River Center in 2024

MILWAUKEE--(BUSINESS WIRE)-- 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.

“For more than 70 years, The Marcus Corporation has called downtown Milwaukee home,” said Gregory S. Marcus, chief executive officer of The Marcus Corporation. “Through 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 ‘people getting together’ business. I’m 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.”

Working with Milwaukee-based Eppstein Uhen Architects, the new 52,000 square foot office space will be built to meet the company’s functional, design and aesthetic specifications. The Associated Bank River Center is nearby many city attractions, including being adjacent to Marcus Hotels & Resorts’ award-winning Saint Kate – 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.

“After 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,” said Andy Harmening, president and CEO of Associated Bank. “Like 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, we’re delighted to welcome The Marcus Corporation and its employees to our world-class facility.”

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 Corporation’s corporate office relocation follows the prior owner’s sale of the 100 East building, and the buyer’s 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 Corporation’s theatre division, Marcus Theatres^®, 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 Tavern^® by Marcus and BistroPlex^® brands. The company’s lodging division, Marcus^® Hotels & Resorts, owns and/or manages 15 hotels, resorts and other properties in eight states. For more information, please visit the company’s website at www.marcuscorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231113973951/en/

For additional information, contact:

Megan Hakes

megan.hakes@hprstrategies.com

Source: The Marcus Corporation

FAQ

What is The Marcus Corporation (MCS) relocating and expanding?

The Marcus Corporation is relocating and expanding its corporate and divisional headquarters to the Associated Bank River Center in Milwaukee.

When will the relocation take place?

The company plans to move to its new location in late spring or early summer 2024.

How many associates will be based at the new location?

Approximately 200 Marcus Corporation, Marcus Hotels & Resorts, and Marcus Theatres corporate associates will be based at 111 East Kilbourn Avenue.

Who served as an advisor to The Marcus Corporation on its search for a new corporate headquarters?

The Milwaukee office of CBRE served as an advisor to The Marcus Corporation on its search for a new corporate headquarters.

What led to the relocation?

The relocation follows the prior owner’s sale of the 100 East building, and the buyer’s planned conversion of the building from office to residential.