A Michigan-based developer has bought the Green Bay Press-Gazette and Oshkosh Northwestern buildings with the intent to renovate and redevelop them.
Both the Press-Gazette and Northwestern operations will lease back space and remain in their historic homes.
ProVisions CEO Murray D. Wikol said he intends to preserve the historic character and design of the buildings while modernizing their interiors. Wikol also bought the Milwaukee Journal Sentinel building earlier this year and announced plans to redevelop it, as well.
“This is a great win-win situation. It creates a cost-efficiency opportunity for us,” said Pamela Henson, regional president of USA TODAY NETWORK-Wisconsin. “And the best part is that we’ll be able to stay in our buildings and communities, where we’ll continue to thrive and grow. This allows us to become healthier overall and maintain a strong presence in our downtown communities.”
Wikol said Bingham Farms, Mich.-based ProVisions specializes in commercial real estate development, public-private joint ventures and economic development. The company has a special focus on adaptive re-use of historic buildings and energy efficient development that makes buildings like the Press-Gazette’s attractive.
“We think they’re one-of-a-kind and historic buildings,” Wikol said. “I’m a person that appreciates history. We feel these are irreplaceable assets of the community that need to be preserved for generations…
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