CBRE has been retained by Smith Gilbane to lease office and medical office space at Madison Yards, a mixed-use redevelopment of the 21-acre Hill Farms site in Madison, Wisconsin.
CBRE’s Brian Wolff and Chase Brieman in the Madison office will market for lease 377,500 square feet of office and medical office space within the development. Smith Gilbane, a joint venture between Milwaukee’s Summit Smith Development, C.D. Smith and Gilbane Development Co. in Providence, Rhode Island, are developing the site.
Located on Madison’s west side near the Hilldale Shopping Center, Madison Yards’ first phase is almost complete. The new 600,000-square-foot state office building, which is scheduled to be completed in the beginning of 2018, will have more than 2,500 employees. The next phase of the development is slated to begin construction late in 2018 and totals 1.1 million square feet of residential, office, retail, medical space and a luxury hotel. The state’s current office building on the Hill Farms site will be demolished as part of the next phase of the project.
For office users, the Madison Yards project will provide convenient access to shops, dining, entertainment and cultural attractions in a live-work-play environment. More than 154,000 square feet of new retail, fitness and restaurants will service those who live and work in the area.