Direct Development & Construction filler




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April 26, 2007

GRAFTON VILLAGE CENTER ADDS NEW TENANTS; PHASE 2 NOW UNDER CONSTRUCTION

GRAFTON, Wis. – The second phase of the successful Grafton Village Center development is now under construction. Scheduled for completion this fall, the new building will architecturally complement the project’s first phase and emulate the historic downtown atmosphere.

Grafton Village Center’s two buildings will create a courtyard that can be utilized as an outdoor gathering space for Alterra Coffee Roasters and Vino 100, a retail wine store. The new building will have two floors of 6,000 square feet, featuring retail space on the first floor and office space on the second.

Attorney Gregory Banchy and Federal Heath Sign Company are the newest tenants in the development’s original building. Banchy’s legal practice (www.banchylaw.com) concentrates on estate planning, probate and business formation, while Federal Heath Sign Company (www.federalheath.com) is a global provider of custom signage and related services to many of the highest profile companies in the retail, restaurant, hotel, finance, petroleum, automotive, corporate identification and gaming markets. The company’s new Grafton Village Center location will focus on project management and sign design.

Grafton Village Center, located at the corner of Washington Street and 12th Avenue, will feature 33,000 square feet of space upon completion. Grafton Ski and Cyclery and Vino 100 are open for business, while Alterra Coffee Roasters will open later this spring. CB Richard Ellis, Inc. is the leasing and management agent marketing the remaining 1,600 feet of retail space on the building’s first floor and 7,000 square feet of office space remaining on the second floor.

Grafton Direct, LLC, a subsidiary of Green Bay-based Direct Development Inc., is the primary property owner for the $5.7 million development. Direct Development is a Green Bay-based firm specializing in timeless, mixed-use developments within growing urban markets including Appleton, Grafton, Green Bay, Kenosha, Milwaukee and Oshkosh, Wis., and Nashville, Tenn.